●

During the six months ended June 30, 2013, ClearPoint reusable components with a cost of $84,260 were transferred from inventory to loaned systems, which is a component of property and equipment. During the six months ended June 30, 2014, a net amount of ClearPoint reusable components with a cost of $182,708 and accumulated depreciation of $67,830 were transferred from loaned systems to inventory at the net carrying cost.

●

In March 2013, in connection with a loan modification, accrued interest in the amount of $389,444 was rolled into the principal balance of a note payable.

●

In recording the January 2013 equity private placement transaction, deferred financing costs of $24,219 were netted against the proceeds recorded to additional paid-in capital.

●

In March 2014, the Company entered into an asset purchase agreement to sell certain intellectual property. The asset purchase price was satisfied through the cancellation of related party convertible notes payable in the aggregate amount of $4,338,601.