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Debt Issuance Costs | 9 Months Ended
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Sep. 30, 2013
Debt Issuance Costs [Abstract] |
Debt Issuance Costs | 6. Debt Issuance Costs Debt issuance costs consisted of the following at September 30, 2013 and December 31, 2012:
|  | 2013 |  |  | 2012 |
Financial advisor fee |  | $ | 108,000 |  |  | $ | 80,000 |
Legal fees |  |  | 15,466 |  |  |  | 15,466 |
Fair value of warrants issued (as disclosed in Note 10 ) |  |  | 11,024 |  |  |  | 8,166 |
|  |  | 134,490 |  |  |  | 103,632 |
Less: accumulated amortization |  |  | 67,245 |  |  |  | - |
|  | $ | 67,245 |  |  | $ | 103,632 |
Amortization expense of debt issuance costs for the three months and nine months ended September 30, 2013 amounted to $22,415 and $67,245, respectively, and is included in interest expense on the accompanying condensed consolidated statements of operations.

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