Capital Lease Obligations - Related Party (Details Narrative) - USD ($) |
Mar. 07, 2018 |
Sep. 30, 2018 |
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Capital lease obligation | $ 1,846,573 | |
Systems Trading, Inc. [Member] | Computer Hardware and Software [Member] | ||
Interest rates on capitalized leases | 5.00% | |
Capital leases contingent monthly rental payments | $ 23,475 | |
Description on capital lease obligation | <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"><font style="font: 10pt Times New Roman, Times, Serif">On March 7, 2018, the Company entered into a lease with Systems Trading, Inc. (“Systems Trading”), a company owned by DSC’s President, to refinance old leases and Notes payable – related party referenced above and in Note 7. The lease calls for bi monthly payments of $23,475 and expires on April 6, 2022. It carries an interest rate of 5%.</font></p> |
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- Definition It represents as a capital leases contingent monthly rental payments due. No definition available.
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- Definition Amount equal to the present value (the principal) at the beginning of the lease term of minimum lease payments during the lease term (excluding that portion of the payments representing executory costs such as insurance, maintenance, and taxes to be paid by the lessor, together with any profit thereon) net of payments or other amounts applied to the principal through the balance sheet date. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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- Definition The percentage points added to the reference rate to compute the variable rate on the lessee's capital lease. No definition available.
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- Definition A general description of the lessee's leasing arrangements including, but not limited to, the following: a) the basis on which contingent rental payments are determined; (b) the existence and terms of renewal or purchase options and escalation clauses; (c) restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
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