NOTES PAYABLE (Tables)

9 Months Ended

Sep. 30, 2013

Debt Disclosure [Abstract]

Summary of effect on prior quarterly periods due to amortization expense previously recorded

The table below summarizes the effect on prior quarterly periods had such amortization expense been previously recorded:

	Expense Attributable to the Three Months Ended						Total
	March 31,		June 30,		September 30,
	2013		2013		2013
Amortization expense — Termination Fee Debt Discount	$	288,114	$	845,755	$	855,049	$	1,988,918

Summary of Components of Total Debt

The following table summarizes the components of total debt recorded on the Company’s consolidated balance sheets as of September 30, 2013 and December 31, 2012:

	September 30,			December 31,
	2013			2012
	(unaudited)			(audited)
ASD Credit Agreement	$	50,000,000		$	50,000,000
Original Issuance Discount — ASD		(1,500,000	)		(2,294,118	)
Contingent Interest		2,015,000			500,000
A&R Credit Agreement		25,000,000			—
Termination Fee — A&R		6,784,626			—
Termination Fee Debt Discount – A&R		(4,795,708	)		—
PIK Interest fee		375,000			—
PIK Interest — A&R		1,439,349			—
Other loans — vehicles		23,579			39,791
Total debt	$	79,341846		$	48,245,673