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Notes Payable (Tables)
3 Months Ended
Mar. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Debt [Table Text Block]
The table below reflects all notes payable at March 31, 2016 and December 31, 2015, respectively, with the exception of related party notes disclosed in Note 8 - Notes Payable - Related Parties.
 
 
 
March 31,
 
December 31,
 
 
 
2016
 
2015
 
 
 
 
 
 
 
Authority Loan No. 1, due September 1, 2015
 
$
463,373
 
$
493,373
 
Authority Loan No. 2, due August 1, 2018
 
 
529,661
 
 
559,661
 
Notes payable due December 31, 2015
 
 
-
 
 
135,000
 
Total notes payable
 
 
993,034
 
 
1,188,034
 
Less: unamortized debt issuance costs
 
 
(3,547)
 
 
(4,255)
 
Less current portion
 
 
(294,543)
 
 
(401,573)
 
Long-term portion of notes payable
 
$
694,944
 
$
782,206
 
Schedule of Maturities of Long-term Debt [Table Text Block]
Future minimum principal payments of these notes payable with the exception of the related party notes in Note 8 - Notes Payable - Related Parties, as described in this Note 7 are as follows:
 
For the Twelve-Month
 
 
 
Period Ended March 31,
 
Amount
 
2017
 
$
294,543
 
2018
 
 
366,317
 
2019
 
 
332,174
 
Total
 
$
993,034