Annual report pursuant to Section 13 and 15(d)

Capital Lease Obligations (Tables)

v3.7.0.1
Capital Lease Obligations (Tables)
12 Months Ended
Dec. 31, 2016
Capital Lease Obligations [Abstract]  
Schedule of future minimum lease payments

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

  

As of December 31, 2016   $ 405,958  
Less amount representing interest     (18,056 )
Total obligations under capital leases     387,902  
Less current portion of obligations under capital leases     (254,078 )
Long-term obligations under capital leases   $ 133,824  
Schedule of long-term obligations under capital leases

Long-term obligations under capital leases at December 31, 2016 mature as follows:

  

Year ending December 31,      
       
2017   $ 254,078  
2018     133,824  
      -  
      -  
    $ 387,902  
Schedule of assets held under the capital leases

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

 

Equipment   $ 1,361,995  
Less: accumulated depreciation     1,150,597  
    $ 211,398