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Notes Payable (Tables)
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
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 December 31, 2015 and 2014:

 

     December 31,
2015
     December 31,
2014
 
     (audited)      (audited)  

Credit Agreement - Morgan Stanley

   $ 121,493,646       $ 112,500,000   

Credit Agreement - Morgan Stanley PIK Fee

     1,711,940         593,750   

Credit Agreement - Morgan Stanley NPI

     (2,142,915      (3,554,103

M3 Appalachia Gathering LLC Note Payable

     2,134,018         —     

Other loan - vehicles

     —           4,402   
  

 

 

    

 

 

 

Total debt

   $ 123,196,689       $ 109,544,049