Quarterly report pursuant to Section 13 or 15(d)

Capital Lease Obligations - Related Party (Tables)

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Capital Lease Obligations - Related Party (Tables)
 3 Months Ended
Mar. 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 March 31, 2017   $ 2,225,697  
Less amount representing interest     (197,381 )
Total obligations under capital leases     2,028,316  
Less current portion of obligations under capital leases     (614,292 )
Long-term obligations under capital leases   $ 1,414,024  
Schedule of long-term obligations under capital leases
Long-term obligations under capital leases at March 31, 2017 mature as follows:
 
For the twelve months ending March 31,		        
2018     $ 719,280  
2019       719,280  
2020       787,137  
      $ 2,225,697
Schedule of assets held under the capital leases

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

 

          
Equipment     $ 3,109,090  
Less:  accumulated depreciation       1,220,921  
      $ 1,888,169