Quarterly report pursuant to Section 13 or 15(d)

3. DEBT (Tables)

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3. DEBT (Tables)
9 Months Ended
Sep. 30, 2016
Oxford Loan  
Summary of loans
    September 30, 2016     December 31, 2015  
Gross proceeds   $ 20,000,000     $ 16,000,000  
Less: debt discount, net                
End of term fee     (1,285,702 )     (1,250,194 )
Warrants     (296,846 )     (310,196 )
Financing fees     (178,766 )     (192,398 )
Note payable   $ 18,238,686     $ 14,247,212