Annual report pursuant to Section 13 and 15(d)

Debt Obligations (Tables)

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Debt Obligations (Tables)
 12 Months Ended
Dec. 31, 2016
Debt Disclosure [Abstract]  
Schedule of Debt Obligations

The Company’s debt obligations consist of the following:

 

    December 31,  
    2016     2015  
    Principal     Interest(1)     Total     Principal     Interest(1)     Total  
                                     
8% Notes   $ 162,500     $ 270,761     $ 433,261     $ 237,500     $ 220,884     $ 458,384  
12.5% Notes     -       -       -       50,000       34,613       84,613  
Total   $ 162,500     $ 270,761     $ 433,261     $ 287,500     $ 255,497     $ 542,997  

 

[1] Accrued interest is included as a component of accrued expenses on the consolidated balance sheets.