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)
 6 Months Ended
Jun. 30, 2018
Capital Lease Obligations [Abstract]  
Schedule of future minimum lease payments

Future minimum lease payments under the capital leases are as follows:

 

As of June 30, 2018   $ 2,159,700  
Less amount representing interest     (196,213 )
Total obligations under capital leases     1,963,487  
Less current portion of obligations under capital leases     (476,544 )
Long-term obligations under capital leases   $ 1,486,943  

Schedule of long-term obligations under capital leases

Long-term obligations under the capital leases at June 30, 2018 mature as follows:

 

For the Twelve months ending June 30,        
2019     $ 563,400  
2020       563,400  
2021       563,400  
2022       469,500  
      $ 2,159,700  

 
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     1,542,313  
    $ 1,730,575