Accrued Expenses
 3 Months Ended
Mar. 31, 2015
Payables And Accruals [Abstract]  
Accrued Expenses

7. Accrued Expenses

Accrued expenses are comprised of the following as of:

 

 

 

December 31,

 

 

March 31,

 

 

 

2014

 

 

2015

 

 

 

(Unaudited)

 

 

(Unaudited)

 

Franchise tax

 

$

383,287

 

 

$

95,822

 

Accrued professional fees

 

 

372,639

 

 

 

176,595

 

Accrued interest

 

 

148,025

 

 

 

148,025

 

Deferred rent

 

 

66,483

 

 

 

71,860

 

Other accrued fees

 

 

32,062

 

 

 

32,483

 

Total accrued expenses

 

$

1,002,496

 

 

$

524,785