During the nine months ended September 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 September 30, 2015, the note has yet to be executed and finalized or refunded. During the three and nine months ended September 30, 2015, the Company accrued $12,099 and $19,956 estimated interest due upon note finalization.