Term Loan (Tables)

9 Months Ended

Sep. 30, 2016

The following sets forth information regarding the current and long-term portion of the term loan:

	September 30, 2016
Term Loan Principal - Current	$	4,311,336
Issuance Cost - Current		(122,335	)
Loan Discount - Current		(626,423	)
Term Loan, Net - Current	$	3,562,578

Term Loan Principal	$	20,688,664
End Fee Payable		1,771,250
Long Term Issuance Cost		(353,919	)
Long Term Loan Discount		(1,908,003	)
Long Term Loan, Net	$	20,197,992

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details