Quarterly report pursuant to Section 13 or 15(d)

Capital Lease Obligations - Related Party (Tables)

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Capital Lease Obligations - Related Party (Tables)
 6 Months Ended
Jun. 30, 2017
Capital Lease Obligations [Abstract]  
Schedule of future minimum lease payments
Future minimum lease payments under the capital leases are as follows:      
       
As of June 30, 2017   $ 2,124,077  
Less amount representing interest     (172,092 )
Total obligations under capital leases     1,951,985  
Less current portion of obligations under capital leases     (648,655 )
Long-term obligations under capital leases   $ 1,303,330  

Schedule of long-term obligations under capital leases

Long-term obligations under capital leases at June 30, 2017 mature as follows: 

 

For the twelve months ending June 30, 

      
2018   $ 719,280  
2019     719,280  
2020     630,317  
    $ 2,068,877  

Schedule of assets held under the capital leases
The assets held under the capital leases are included in property and equipment as follows:        
         
Equipment   $ 3,194,988  
Less: accumulated depreciation     1,237,028  
    $ 1,957,960