Notes Payable to Stockholders - Related Party	3 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]
Notes Payable to Stockholders – Related Party	10. Notes Payable to Stockholders – Related Party On March 28, 2002 the Company executed a binding agreement with one of its principal stockholders, who is also the Chairman of the Board and an Executive officer, to fund up to $6.1 million. Under the terms of the agreement, the Company can draw amounts as needed to fund operations. Amounts drawn bear interest at the BBA LIBOR Daily Floating Rate plus 1.4 percentage points (2.81% per annum at March 31, 2016), payable monthly and were to become due and payable on December 31, 2005 or upon a change in control of the Company or the consummation of any other financing over $7.0 million. Beginning in March 2006 and through February 2012, the maturity date for the agreement was extended annually from December 31, 2007 to the agreements current maturity date of December 31, 2017. Refer to Note 13. At March 31, 2016 the Company had drawn the full funding amount under the initial agreement of $6.1 million plus additional advances of $6,224,692. At December 31, 2015 the Company had drawn the full funding amount under the initial agreement of $6.1 million plus an additional $5,824,614. On January 6, 2016 the Company entered into an unsecured loan outstanding from another member of the Board of Directors, totaling $25,000. The note bears interest at a rate of 5% per annum and is due January 7, 2017. Accrued interest at March 31, 2016 was $295. During the three months ended March 31, 2016 and 2015, the Company incurred interest expense of $85,530 and $66,556, respectively, on its loan from the Chairman of the Board, which is included in interest expense in the accompanying statements of operations as well as interest expense of $295 for the three months ended March 31, 2016 related to the loan from one if its other Board members. These amounts, in addition to interest expense of $31 and $35 for the three months ended March 31, 2016 and 2015, respectively, related to capital lease obligations, financing and loans from a stockholder.

Notes Payable to Stockholders - Related Party

3 Months Ended

Mar. 31, 2016

Notes Payable to Stockholders – Related Party

10.

Notes Payable to Stockholders – Related Party

On March 28, 2002 the Company executed a binding agreement with one of its principal stockholders, who is also the Chairman of the Board and an Executive officer, to fund up to $6.1 million. Under the terms of the agreement, the Company can draw amounts as needed to fund operations. Amounts drawn bear interest at the BBA LIBOR Daily Floating Rate plus 1.4 percentage points (2.81% per annum at March 31, 2016), payable monthly and were to become due and payable on December 31, 2005 or upon a change in control of the Company or the consummation of any other financing over $7.0 million. Beginning in March 2006 and through February 2012, the maturity date for the agreement was extended annually from December 31, 2007 to the agreements current maturity date of December 31, 2017. Refer to Note 13.

At March 31, 2016 the Company had drawn the full funding amount under the initial agreement of $6.1 million plus additional advances of $6,224,692. At December 31, 2015 the Company had drawn the full funding amount under the initial agreement of $6.1 million plus an additional $5,824,614.

On January 6, 2016 the Company entered into an unsecured loan outstanding from another member of the Board of Directors, totaling $25,000. The note bears interest at a rate of 5% per annum and is due January 7, 2017. Accrued interest at March 31, 2016 was $295.

During the three months ended March 31, 2016 and 2015, the Company incurred interest expense of $85,530 and $66,556, respectively, on its loan from the Chairman of the Board, which is included in interest expense in the accompanying statements of operations as well as interest expense of $295 for the three months ended March 31, 2016 related to the loan from one if its other Board members. These amounts, in addition to interest expense of $31 and $35 for the three months ended March 31, 2016 and 2015, respectively, related to capital lease obligations, financing and loans from a stockholder.