Quarterly report pursuant to Section 13 or 15(d)

Private Placement (Tables)

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Private Placement (Tables)
6 Months Ended
Jun. 30, 2015
Debt Disclosure [Abstract]  
Schedule of convertible notes

The balance of Convertible Notes as of June 30, 2015 and December 31, 2014 is as follows:

 

    December 31,     June 30,  
    2014     2015  
Face value of the Convertible Notes   $ 6,000,000     $ 6,000,000  
Debt discount, net of amortization     (909,411 )     (454,705 )
                 
Convertible Notes, net   $ 5,090,589     $ 5,545,295