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Debt Issuance Costs | 12 Months Ended
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Dec. 31, 2015
Debt Issuance Costs [Abstract] |
Debt Issuance Costs |
8. | Debt Issuance Costs
Debt issuance costs consisted of the following at December 31, 2015 and 2014:
|  |  | 2015 |  |  | 2014 |
| Financial advisor fee |  | $ | 108,000 |  |  | $ | 108,000 |
| Legal fees |  |  | 56,229 |  |  |  | 56,229 |
| Fair value of warrants issued (as disclosed in Note 15 ) |  |  | 11,024 |  |  |  | 11,024 |
|  |  |  | 175,253 |  |  |  | 175,253 |
| Less: accumulated amortization |  |  | (170,049 | ) |  |  | (149,234 | )
|  |  | $ | 5,204 |  |  | $ | 26,019 |
Amortization expense of debt issuance costs for the years ended December 31, 2015 and 2014 amounted to $20,815 and $59,574, respectively, and is included in interest expense on the accompanying consolidated statements of operations. Future estimated amortization expense of deferred loan costs for the year ending December 31, 2016 is $5,204.

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