Notes Payable and Accrued Interest (Tables)

3 Months Ended

Mar. 31, 2015

Notes Payable and Accrued Interest [Abstract]

Notes payable and accrued interest

At March 31, 2015 and December 31, 2014, the Company’s notes payable and accrued interest consisted of the following:

	March 31, 2015			December 31, 2014
Credit Facility principal	$	129,400,000		$	133,400,000
Unamortized debt issuance costs		(3,371,500	)		(4,104,400	)
Credit Facility accrued interest		76,900			190,600
	$	126,105,400		$	129,486,200