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CONSOLIDATED BALANCE SHEETS (PARENTHETICAL) - USD ($)
Jun. 30, 2016
Dec. 31, 2015
Deferred financing costs, amortization $ 74,913 $ 56,218
Preferred stock, par or stated value $ 0.01 $ 0.01
Preferred stock, shares authorized 5,000,000 5,000,000
Preferred stock, shares issued 2,086,000 2,086,000
Preferred stock, shares outstanding 2,086,000 2,086,000
Preferred stock, aggregate liquidation preference $ 2,519,080 $ 2,519,080
Common stock, par or stated value $ 0.001 $ 0.001
Common stock, shares authorized 50,000,000 50,000,000
Common stock, shares issued 39,052,472 39,052,472
Common stock, shares outstanding 36,297,576 36,297,576
Treasury stock, shares 448,071 448,071
Corporate Debt Securities    
Unamortized discount $ 46,704 $ 47,703
Convertible Debt Securities    
Unamortized discount $ 1,704,156 $ 1,733,157