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Loan facility (Tables)
3 Months Ended
Mar. 31, 2014
Debt Disclosure [Abstract]  
Schedule of Loan Facility
     AMOUNT  

BALANCE—January 1, 2013

   $ —     

Bank loan cash received - October 30, 2013

     2,500,000   

Warrant discount

     (226,255

Financing costs

     12,744   
  

 

 

 

BALANCE—December 31, 2013

     2,286,489   

Accrued interest

     9,844   

Accretion of warrant discount

     213,511   

Repayment fee and penalty

     100,000   

Repayment of bank loan and interest

     (2,609,844
  

 

 

 

BALANCE—March 31, 2014

   $ —     
  

 

 

 
Summary of Bank Loan Facility
     MARCH 31, 2014      DECEMBER 31,
2013
 

Short-term portion of bank loan

   $ —         $ 250,000   

Long-term portion of bank loan

     —           2,036,489   
  

 

 

    

 

 

 
   $ —         $ 2,286,489