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)
 9 Months Ended
Sep. 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 September 30,2017   $ 1,937,357  
Less amount representing interest     (143,961 )
Total obligations under capital leases     1,793,396  
Less current portion of obligations under capital leases     (658,307 )
Long-term obligations under capital leases   $ 1,135,089  
Schedule of long-term obligations under capital leases

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

 

For the twelve months ending September 30,        
2018     $ 746,880  
2019       746,880  
2020       443,597  
      $ 1,937,357  
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     1,333,018  
    $ 1,861,970