Quarterly report pursuant to Section 13 or 15(d)

Capital lease obligations (Tables)

v2.4.0.6
Capital lease obligations (Tables)
6 Months Ended
Jun. 30, 2012
Capital Lease Obligations [Abstract]  
Future minimum lease payments under the capital leases
 
As of June 30, 2012
 
$
1,274,048
 
Less amount representing interest
   
(86,563
)
Total obligations under capital leases
   
1,187,485
 
Less current portion of obligations under capital leases
   
(674,523
)
Long-term obligations under capital leases
 
$
512,962
 
Long-term obligations under capital leases
 
 
       
   
$
   
2013
   
674,523
 
2014
   
330,222
 
2015
   
182,740
 
         
   
$
1,187,485
 
 
The assets held under the capital leases

 

 

 

 

 

 

 

Equipment

 

$

1,522,247

 

Less: accumulated depreciation

 

 

373,987

 

 

 

$

1,148,260