Capital Lease Obligations - Related Party (Details Narrative) - USD ($) |
Apr. 27, 2017 |
Jan. 24, 2017 |
Nov. 01, 2016 |
Jul. 10, 2016 |
May 01, 2014 |
Jun. 30, 2017 |
Apr. 27, 2016 |
|---|---|---|---|---|---|---|---|
| Capital lease obligation | $ 1,951,985 | ||||||
| Systems Trading, Inc. [Member] | Computer Hardware and Software [Member] | |||||||
| Capital lease obligation | $ 7,998 | $ 14,443 | |||||
| Interest rates on capitalized leases | 6.00% | 3.00% | 7.22% | 4.00% | |||
| Capital leases contingent monthly rental payments | $ 2,300 | $ 59,940 | $ 258 | $ 420 | $ 21,826 | ||
| Description on capital lease obligation |
On April 27, 2017, the Company entered into a lease with Systems Trading, Inc. to add newly-acquired data center equipment. The lease is for calls for monthly payments of $2,300, and expires on May 1, 2020. It carries an interest rate of 4%. |
On January 24,2017 the Company entered into a lease with Systems Trading, Inc. to refinance old leases referenced above and to add newly acquired data center equipment. The lease is for calls for monthly payments of $59,940 and expires on February 1, 2020. It carries an interest rate of 6%. |
On July 10, 2016 the Company entered into a lease with Systems Trading, Inc. The lease is for $14,443, calls for monthly payments of $420 and expires on August 1, 2018. It carries an interest rate of 3%. |
The company entered into a new lease agreement with Systems Trading, Inc., an entity 100% owned by a major shareholder, on May 1, 2014 to refinance all outstanding leases into one capital lease. This lease obligation is payable to Systems Trading, Inc. with monthly installments of $21,826 from June 1, 2014 through May 1, 2018. This lease is secured with the computer equipment and has been capitalized. |