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Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 2014
Commitments and Contingencies Disclosure [Abstract]  
Future minimum annual lease payments
The future minimum payments related to this lease are as follows for the years ending December 31:
 
Remainder of Year Ended 2014
 
$
46,236
 
2015
 
 
112,895
 
2016
 
 
116,201
 
2017
 
 
68,587
 
Total
 
$
343,919
 
Future guaranteed payments
Future guaranteed payments associated with these agreements are payable as follows:
 
Years ending December 31:
 
 
 
 
2014
 
$
1,000,000
 
2015
 
 
4,000,000
 
2016
 
 
6,000,000
 
2017
 
 
10,000,000
 
Less: discount to present value
 
 
(4,017,528)
 
Guaranteed payments, net of discount
 
$
16,982,472