Annual report pursuant to Section 13 and 15(d)

Capital Lease Obligations - Related Party (Tables)

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Capital Lease Obligations - Related Party (Tables)
12 Months Ended
Dec. 31, 2017
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, 2017   $ 1,932,757  
Less amount representing interest     (143,517 )
Total obligations under capital leases     1,789,240  
Less current portion of obligations under capital leases     (658,476 )
Long-term obligations under capital leases   $ 1,130,764  
Schedule of long-term obligations under capital leases

Long-term obligations under capital leases at December 31, 2017 mature as follows:

 

Year ending December 31,        
         
2018   $ 746,880  
2019     746,880  
2020     43,260  
    $ 1,930,020  
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     1,338,814  
    $ 1,856,174