Note 7 - Convertible Debt (PIK Notes) (Tables)

9 Months Ended

Sep. 30, 2016

Notes Tables

Convertible Debt [Table Text Block]

	Series 2023 Notes			Series A Notes			Total
PIK Note Payable, Gross	$	14,071,008		$	22,977,103		$	37,048,111
Less: Discount		(1,761,939	)		(14,156,077	)		(15,918,016	)
Less: Deferred Financing Cost		(5,755	)		(9,870	)		(15,625	)
PIK Note Payable, Net	$	12,303,314		$	8,811,156		$	21,114,470
PIK Note Derivative Liability	$	197,873		$	2,685,275		$	2,883,148

	Series 2023 Notes			Series A Notes			Total
PIK Note Payable, Gross	$	12,762,816		$	21,882,955		$	34,645,771
Less: Discount		(1,854,894	)		(15,717,991	)		(17,572,885	)
Less: Deferred Financing Cost		(7,828	)		(13,422	)		(21,250	)
PIK Note Payable, Net	$	10,900,094		$	6,151,542		$	17,051,636
PIK Note Derivative Liability	$	262,764		$	4,876,093		$	5,138,857