Annual report pursuant to Section 13 and 15(d)

Restricted Cash Account

Restricted Cash Account
12 Months Ended
Dec. 31, 2016
Cash and Cash Equivalents [Abstract]  
Restricted Cash Account



The restricted cash account was created to deposit the unused proceeds from the Company’s new senior debt (Note 8. Senior Debt). The funds were kept at a bank in an account segregated from our main operating account. The Company did not have direct access to or control over the funds held in this account. The funds were disbursed to the Company upon approval of the lender. These balances were $0 as of December 31, 2016, $3,003,226 as of December 31, 2015, and $0 as of September 30, 2015.