Annual report pursuant to Section 13 and 15(d)

Capital lease obligations (Tables)

v2.4.1.9
Capital lease obligations (Tables)
12 Months Ended
Dec. 31, 2014
Capital Lease Obligations [Abstract]  
Summary of future minimum lease payments under capital leases

Future minimum lease payments under the capital leases are as follows:

 

As of December 31, 2014   $ 873,048  
Less amount representing interest     (83,546 )
Total obligations under capital leases     789,502  
Less current portion of obligations under capital leases     (220,544 )
Long-term obligations under capital leases   $ 568,958  
Summary of long-term obligations under capital leases

Long-term obligations under capital leases at December 31, 2014 mature as follows:

 

Year ending December 31,      
2015   $ 220,544  
2016     234,146  
2017     248,588  
2018     86,224  
    $ 789,502  
Summary of assets held under capital leases included in property and equipment

The assets held under the capital leases are included in property and equipment as follows:

 

Equipment   $ 1,603,461  
Less: accumulated depreciation     1,212,222  
         
    $ 391,239