Quarterly report pursuant to Section 13 or 15(d)

Convertible Debt (Tables)

v3.5.0.2
Convertible Debt (Tables)
9 Months Ended
Sep. 30, 2016
Debt Disclosure [Abstract]  
Components of convertible debt
The following is a summary of the impact of Convertible Notes on interest expense for the three and nine months ended September 30, 2016 and 2015, respectively:
Convertible Note Interest Expense
 
 
For the Three Months Ended
 
For the Nine Months Ended
 
 
September 30, 2016
 
September 30, 2015
 
September 30, 2016
 
September 30, 2015
7% Convertible Notes
 
$
2,017,167

 
$
2,012,500

 
$
6,013,195

 
$
2,057,222

Discount Amortization
 
185,391

 
192,418

 
559,353

 
192,418

Deferred Debt Issuance Amortization
 
11,539

 
9,266

 
36,497

 
9,266

Total
 
$
2,214,097

 
$
2,214,184

 
$
6,609,045

 
$
2,258,906