Quarterly report pursuant to Section 13 or 15(d)

Capital lease obligations (Tables)

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Capital lease obligations (Tables)
 9 Months Ended
Sep. 30, 2015
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, 2015   $ 690,474  
Less amount representing interest     (51,848 )
Total obligations under capital leases     638,626  
Less current portion of obligations under capital leases     (235,374 )
Long-term obligations under capital leases   $ 403,252  
Schedule of Long-term obligations under capital leases

Future obligations under capital leases at September 30, 2015 mature as follows:

         
For the Twelve Months Ending September 30,        
2016   $ 235,374  
2017     249,745  
2018     153,507  
    $ 638,626  

 
Details of assets held under the capital leases

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

         
Equipment   $ 1,617,904  
Less: accumulated depreciation     1,335,624  
    $ 282,280