XML 45 R33.htm IDEA: XBRL DOCUMENT v3.5.0.2
Note 7 - Convertible Debt (PIK Notes) (Details Textual)
1 Months Ended 9 Months Ended 23 Months Ended 24 Months Ended 38 Months Ended
May 31, 2016
USD ($)
Nov. 03, 2014
USD ($)
$ / shares
Aug. 05, 2013
USD ($)
$ / shares
Aug. 31, 2016
USD ($)
Jun. 30, 2016
USD ($)
$ / shares
Feb. 29, 2016
USD ($)
Nov. 30, 2015
USD ($)
Aug. 31, 2015
USD ($)
May 31, 2015
USD ($)
Feb. 28, 2015
USD ($)
Aug. 31, 2014
USD ($)
Feb. 28, 2014
USD ($)
Sep. 30, 2016
USD ($)
$ / shares
Sep. 30, 2015
USD ($)
Sep. 30, 2016
USD ($)
$ / shares
Dec. 31, 2014
USD ($)
Sep. 30, 2016
USD ($)
$ / shares
Dec. 31, 2015
USD ($)
Payment in Kind (PIK) Note [Member] | Series 2023 Notes [Member] | Result of Anti-Dilution Adjustments after Issuance of Series A Notes [Member]                                    
Debt Instrument, Convertible, Conversion Price | $ / shares     $ 1.36   $ 1.28                          
Payment in Kind (PIK) Note [Member] | Series 2023 Notes [Member] | After Series A Notes Issuance [Member]                                    
Debt Instrument, Convertible, Number of Equity Instruments     7,720,588                              
Payment in Kind (PIK) Note [Member] | Series 2023 Notes [Member] | Series 2023 PIK Note Derivative Liability [Member] | Fair Value, Inputs, Level 3 [Member]                                    
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Period Increase (Decrease)                                 $ 1,857,127  
Payment in Kind (PIK) Note [Member] | Series 2023 Notes [Member]                                    
Debt Instrument, Term     10 years                              
Debt Instrument, Face Amount     $ 10,500,000                   $ 14,071,008   $ 14,071,008   14,071,008 $ 12,762,816
Debt Instrument, Interest Rate, Stated Percentage     10.00%                              
Debt Instrument, Convertible, Conversion Price | $ / shares     $ 1.40                              
Debt Instrument, Unamortized Discount                         1,761,939   1,761,939   1,761,939 1,854,894
Paid-in-Kind Interest       $ 670,050   $ 638,141   $ 607,753   $ 578,812 $ 551,250 $ 525,000            
Debt Instrument, Convertible, Number of Equity Instruments     7,500,000                              
Financial Instruments Subject to Mandatory Conversion Earliest Conversion     1 year                              
Payment in Kind (PIK) Note [Member] | Series A Notes [Member] | Maximum [Member]                                    
Convertible Debt, Number of Written Days Notice   90 days                                
Payment in Kind (PIK) Note [Member] | Series A Notes [Member] | Minimum [Member]                                    
Convertible Debt, Number of Written Days Notice   30 days                                
Payment in Kind (PIK) Note [Member] | Series A Notes [Member] | Result of Extension Option [Member]                                    
Debt Instrument, Convertible, Conversion Price | $ / shares   $ 0.10                                
Payment in Kind (PIK) Note [Member] | Series A Notes [Member] | Specified Event [Member]                                    
Debt Instrument, Interest Rate, Stated Percentage   1.00%                                
Payment in Kind (PIK) Note [Member] | Series A Notes [Member] | Combined Discount [Member]                                    
Debt Instrument, Unamortized Discount   $ 16,560,771                                
Payment in Kind (PIK) Note [Member] | Series A Notes [Member] | Series A PIK Note Derivative Liability [Member] | Fair Value, Inputs, Level 3 [Member]                                    
Derivative Liability, Fair Value, Gross Liability                         2,685,275   2,685,275   2,685,275  
Fair Value, Measurement with Unobservable Inputs Reconciliation, Recurring Basis, Liability, Period Increase (Decrease)                             6,527,010      
Payment in Kind (PIK) Note [Member] | Series A Notes [Member]                                    
Debt Instrument, Term   4 years                                
Proceeds from Convertible Debt   $ 12,500,000                                
Debt Instrument, Face Amount   $ 19,848,486                     $ 22,977,103   $ 22,977,103   $ 22,977,103 21,882,955
Debt Instrument, Interest Rate, Stated Percentage   10.00%                                
Debt Instrument, Convertible, Conversion Price | $ / shares   $ 0.92                     $ 0.83   $ 0.83   $ 0.83  
Debt Instrument, Convertible, Beneficial Conversion Feature   $ 9,212,285                                
Debt Instrument, Unamortized Discount   $ 7,348,486                     $ 14,156,077   $ 14,156,077   $ 14,156,077 15,717,991
Payment in Kind (PIK) Note [Member]                                    
Proceeds from Convertible Debt                               $ 23,000,000    
Debt Instrument, Face Amount                         37,048,111   37,048,111   37,048,111 34,645,771
Debt Instrument, Unamortized Discount                         15,918,016   15,918,016   15,918,016 17,572,885
Paid-in-Kind Interest $ 1,094,148           $ 1,042,045   $ 992,424                  
Series A PIK Note Derivative Liability [Member] | Fair Value, Inputs, Level 3 [Member]                                    
Derivative Liability, Fair Value, Gross Liability                         2,685,275   2,685,275   2,685,275  
Series A PIK Note Derivative Liability [Member]                                    
Derivative Liability, Fair Value, Gross Liability                         2,685,275   2,685,275   2,685,275 4,876,093
Series 2023 PIK Note Derivative Liability [Member] | Fair Value, Inputs, Level 3 [Member]                                    
Derivative Liability, Fair Value, Gross Liability                         197,873   197,873   197,873  
Series 2023 PIK Note Derivative Liability [Member]                                    
Derivative Liability, Fair Value, Gross Liability                         197,873   197,873   197,873 262,764
Private Placement [Member]                                    
Stock Issued During Period, Value, New Issues         $ 1,640,000               1,640,000          
Debt Instrument, Unamortized Discount                         15,918,016   $ 15,918,016   $ 15,918,016 $ 1,572,885
Paid-in-Kind Interest                         $ 2,402,340 $ 2,178,990