Notes Payable and Accrued Interest (Tables)

9 Months Ended

Sep. 30, 2016

Notes Payable and Accrued Interest [Abstract]

Notes payable and accrued interest

At September 30, 2016 and December 31, 2015, the Company's notes payable and accrued interest consisted of the following:

	September 30, 2016			December 31, 2015
Credit Facility:
Principal	$	110,100,000		$	110,400,000
Unamortized debt issuance costs		(2,220,200	)		(2,814,000	)
Accrued interest		80,000			35,600
Special purpose financing:
Principal		18,623,600			-
Accrued interest		30,000			-
	$	126,613,400		$	107,621,600