Quarterly report pursuant to Section 13 or 15(d)

3. DEBT (Tables)

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3. DEBT (Tables)
3 Months Ended
Mar. 31, 2016
Oxford Loan  
Summary of loans
Gross proceeds   $ 16,000,000  
         
Less: debt discount, net        
End of term fee     (1,161,544 )
Warrants     (282,486 )
Financing fees     (175,211 )
         
Note payable   $ 14,380,759