During the six months ended June 30, 2015, the Company received an aggregate of $400,000 of net proceeds in connection with the expected issuance of a promissory note. As of June 30, 2015, the note has yet to be executed and finalized or refunded. During the three and six months ended June 30, 2015, the Company accrued $6,805 and $7,858 estimated interest due upon note finalization.