Related Party Transactions (Tables)

12 Months Ended

Dec. 31, 2013

Related Party Transactions [Abstract]

Related party expense

The Company has related party expense as described in the following table:

	December 31,
	2013		2012		2011
Office space lease (a)	$	70,141	$	48,182	$	41,000
Aircraft use (b)	—		—		1,100
Hybrid debt instrument (c)	—		—		3,232
Line of credit (d)	—		103,630		42,726
Convertible senior secured promissory notes (e)	—		50,000		4,507
	$	70,141	$	201,812	$	92,565

(a) payments related to the lease of office space from an entity owned by the Chairman of the Board and CEO for $70,141 for 2013 $48,182 for 2012 and $41,000 for 2011, respectively

(b) payments related to aircraft use from an entity owned by a former member of the Board of Directors

(c) interest of $3,232 related to convertible promissory notes issued in October 2010 to the Chairman of the Board and CEO and two other members of the Board of Directors

(d) interest of $103,630 for 2012 and $42,726 for 2011, respectively related to a revolving secured line of credit extended by the Chairman of the Board and CEO dated March 31, 2011

(e) interest of $50,000 for 2012 and $4,507 for 2011, respectively related to the convertible senior secured promissory notes issued to the Chairman of the Board and CEO during the fourth quarter of 2011