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Long-Term Debt and Capital Lease Obligations (Tables)
 6 Months Ended
Jun. 30, 2014
Debt Disclosure [Abstract]  
Summary of Long-Term Debt

At June 30, 2014 and December 31, 2013, total long-term debt outstanding consisted of the following:

 

     June 30,
2014		     December 31,
2013		  
     (Unaudited)        

Secured convertible notes payable to related parties, 7% interest due monthly in arrears, due July 2016, repayment provisions discussed further below (Net of discount of $3,748,631 and $4,656,934 as of June 30, 2014 and December 31, 2013, respectively)

    $ 18,251,369      $ 17,343,066  

Capital lease obligations, imputed interest at 4.75%, with monthly payments of $1,507 through November 2016, secured by computer equipment

      41,211        49,163   
  

 

 

    

 

 

  

Total

      18,292,580        17,392,229   

Less: current maturities

      (16,418 )      (16,096 ) 
  

 

 

    

 

 

  

Long-term portion

    $ 18,276,162      $ 17,376,133