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Debt Issuance Costs | 12 Months Ended
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Dec. 31, 2013
Debt Issuance Costs [Abstract] |
Debt Issuance Costs | 8. Debt Issuance Costs Debt issuance costs consisted of the following at December 31, 2013 and 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 15 ) |  |  | 11,024 |  |  |  | 8,166 |
|  |  | 134,490 |  |  |  | 103,632 |
Less: accumulated amortization |  |  | (89,660 | ) |  |  | - |
|  | $ | 44,830 |  |  | $ | 103,632 |
Amortization expense of debt issuance costs for the year ended December 31, 2013 amounted to $89,660, and is included in interest expense on the accompanying consolidated statements of operations. There was no amortization expense of debt issuance costs as of December 31, 2012, as the transaction was completed on December 27, 2012. Future estimated amortization expense of deferred loan costs as of December 31, 2013 is as follows:
|  | For the year ending December 31, |
2014 |  | $ | 44,830 |
Total |  | $ | 44,830 |

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