• Filing Date: 2016-03-30
  • Form Type: 10-K
  • Description: Annual report
v3.3.1.900
LOAN PAYABLE (Details Textual) - USD ($)
1 Months Ended 12 Months Ended
Jul. 31, 2014
Apr. 30, 2014
Dec. 31, 2015
Dec. 31, 2014
Dec. 31, 2013
Feb. 05, 2013
LOAN PAYABLE [Line Items]            
Deferred Finance Costs, Noncurrent, Net     $ 30,000      
Proceeds from Issuance of Long-term Debt, Total     0 $ 5,200,791    
Interest expense     248,626 200,505    
Long Term Loans Payable     $ 9,155,857 9,155,857    
CIRM Loan Agreement [Member]            
LOAN PAYABLE [Line Items]            
Maximum Payback Percentage of Loan Amount to be Paid upon Achievement of Certain Revenue Thresholds     500.00%      
Base Rate for Computation of Interest Rate     2.00%      
Increase In Base Rate after Fifth Year for Computation of Interest Rate     1.00%      
Maximum Increase In Base Rate in Tenth Year for Computation of Interest Rate     5.00%      
Deferred Finance Costs, Noncurrent, Net     $ 11,402      
Amortization Period of Finance Cost     2 years 1 month 6 days      
Proceeds from Issuance of Long-term Debt, Total $ 514,177 $ 4,679,947     $ 3,925,066  
Debt Instrument, Interest Rate, Effective Percentage 2.60% 2.60%        
Interest expense     $ 246,724 200,505    
Amount Awarded Under Loan Agreement           $ 19,782,136
Long Term Loans Payable     $ 9,155,857 $ 9,155,857    
CIRM Loan Agreement [Member] | Minimum [Member]            
LOAN PAYABLE [Line Items]            
Debt Instrument, Interest Rate, Effective Percentage         2.50%  
CIRM Loan Agreement [Member] | Maximum [Member]            
LOAN PAYABLE [Line Items]            
Debt Instrument, Interest Rate, Effective Percentage         2.80%