Deferred Debt Discount and Other (Details) - USD ($) |
9 Months Ended | 12 Months Ended | |
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Sep. 30, 2016 |
Sep. 30, 2015 |
Dec. 31, 2015 |
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Deferred Debt Discount and Other details | |||
Company recorded debt discount in the amount to reflect the beneficial conversion feature of the convertible debt | $ 91,287 | $ 1,916,501 | |
Value of the notes on which debt discount was recorded | 1,750,000 | 2,067,500 | |
Company valued the beneficial conversion feature as an addition to paid-in capital | 1,773,078 | ||
The relative fair value of the warrants was calculated and recorded | 143,423 | ||
Amortization of debt discounts | $ 1,119,875 | $ 1,414,975 | $ 1,866,842 |
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- Definition Amount of noncash expense included in interest expense to amortize debt discount and premium associated with the related debt instruments. Excludes amortization of financing costs. Alternate captions include noncash interest expense. No definition available.
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- Definition Company recorded debt discount in the amount to reflect the beneficial conversion feature of the convertible debt No definition available.
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- Definition Company valued the beneficial conversion feature as an addition to paid-in capital No definition available.
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- References No definition available.
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- Definition Company valued the beneficial conversion feature and recorded the amount No definition available.
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- Definition Value of the notes on which debt discount was recorded No definition available.
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