Long-Term Debt - Related Party (Tables)

9 Months Ended

Sep. 30, 2014

Long-term Debt - Related Party

Schedule of Related Party Debt

	September 30, 2014		December 31, 2013
Loan from HUK, payable in quarterly installments of $135,200, plus interest at UK prime plus 5% maturing on October 9, 2016, secured by licensing rights pursuant to the Sub-Licence Agreement.	$	1,216,500	$	1,657,400
		1,216,500		1,657,400
Less current maturities		540,700		552,500
	$	675,800	$	1,104,900

Schedule of Maturities of Long Term Debt

Three months ended December 31, 2014	$	135,200
Year ended December 31, 2015	$	540,700
Year ended December 31, 2016	$	540,600