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, 2018
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, 2018   $ 2,253,600  
Less amount representing interest     (217,221 )
Total obligations under capital leases     2,036,379  
Less current portion of obligations under capital leases     (448,184 )
Long-term obligations under capital leases   $ 1,588,195  
Schedule of long-term obligations under capital leases

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

 

For the Twelve months ending March 31,        
2019     $ 563,400  
2020       563,400  
2021       563,400  
2022       563,400  
      $ 2,253,600  
Schedule of assets held under the capital leases

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

  

Equipment   $ 3,272,888  
Less: accumulated depreciation     1,450,778  
    $ 1,822,110