Debt Issuance Costs

12 Months Ended

Dec. 31, 2012

Debt Issuance Costs [Abstract]

Debt Issuance Costs

8.     Debt Issuance Costs

Debt issuance costs consisted of the following at December 31, 2012:

Financial advisor fee	$	80,000
Legal fees		15,466
Fair value of warrants issued (as disclosed in Note 15)		8,166
		103,632
Less: accumulated amortization		-
	$	103,632

There was no amortization expense of debt issuance costs as of December 31, 2012, as the transaction was completed on December 27, 2012. Future estimated amortization expense of deferred loan costs as of December 31, 2012 is as follows:

	For the year ending December 31,
2013	$	69,088
2014		34,544
Total	$	103,632