Debt Issuance Costs

3 Months Ended

Mar. 31, 2014

Debt Issuance Costs [Abstract]

Debt Issuance Costs

6.           Debt Issuance Costs

Debt issuance costs consisted of the following at March 31, 2014 and December 31, 2013:

	2014			2013
Financial advisor fee	$	108,000		$	108,000
Legal fees		35,466			15,466
Fair value of warrants issued (as disclosed in Note 10 )		11,024			11,024
		154,490			134,490
Less: accumulated amortization		(112,075	)		(89,660	)
	$	42,415		$	44,830

Amortization expense of debt issuance costs for the three months ended March 31, 2014 and 2013 amounted to $22,415 and $22,415, respectively, and is included in interest expense on the accompanying condensed consolidated statements of operations.