Borrowing Arrangements (Tables)

9 Months Ended

Sep. 30, 2016

Debt Disclosure [Abstract]

Notes payable future debt payments

Future debt payments owed under the Fortress Agreement are as follows:

Years ending December 31:
2016	$	2,275,772
2017		6,931,526
Total	$	9,207,298

Schedule of warrant fair value assumptions

The Company estimated the fair value of the warrant to be $153,759, using the Black-Scholes option pricing model. The fair value of the warrant as of November 1, 2014 was estimated using the following assumptions:

Expected volatility	60	%
Risk free rate	1.62	%
Dividend yield	0	%
Expected term (in years)	5.00