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, 2016
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, 2016   $ 428,679  
Less amount representing interest     (20,267 )
Total obligations under capital leases     408,412  
Less current portion of obligations under capital leases     (252,841 )
Long-term obligations under capital leases   $ 155,571  
Schedule of long-term obligations under capital leases

Long-term obligations under capital leases at September 30, 2016 mature as follows:

 

For the twelve months ending September 30,        
2017   $ 270,051  
2018     158,628  
    $ 428,679  
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     (1,138,509 )
    $ 223,486