Annual report pursuant to Section 13 and 15(d)

Capital Lease Obligations - Related Party (Tables)

v3.19.1
Capital Lease Obligations - Related Party (Tables)
12 Months Ended
Dec. 31, 2018
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, 2018   $ 1,878,000  
Less amount representing interest     (149,810 )
Total obligations under capital leases     1,728,190  
Less current portion of obligations under capital leases     (509,487 )
Long-term obligations under capital leases   $ 1,218,703  
Schedule of long-term obligations under capital leases

Long-term obligations under capital leases at December 31, 2018 mature as follows:

 

Year ending December 31,        
         
2019   $ 586,875  
2020     563,400  
2021     563,400  
2022     164,325  
    $ 1,878,000  
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     2,050,731  
    $ 1,144,257