Long-Term Debt - Related Party (Tables)

6 Months Ended

Jun. 30, 2014

Long-Term Debt - Related Party

Schedule of Related Party Debt

	June 30, 2014		December 31, 2013
Loan from HUK, payable in quarterly installments of $142,600, plus interest at UK prime plus 5% maturing on October 9, 2016, secured by licensing rights pursuant to the Sub-License Agreement.	$	1,425,500	$	1,657,400
		1,425,500		1,657,400
Less current maturities		570,200		552,500
	$	855,300	$	1,104,900

Schedule of Maturities of Long Term Debt

Maturities of debt for succeeding years are as follows:

Six months ended December 31, 2014	$	285,100
Year ended December 31, 2015	$	570,200
Year ended December 31, 2016	$	570,200