Quarterly report pursuant to Section 13 or 15(d)

Capital Lease Obligations (Tables)

v2.4.0.8
Capital Lease Obligations (Tables)
6 Months Ended
Jun. 30, 2013
Capital Lease Obligations [Abstract]  
Summary of future minimum lease payments under capital leases
 
 
       
    As of June 30, 2013
 
$
1,045,266
 
    Less amount representing interest
   
(36,777
)
    Total obligations under capital leases
   
1,008,489
 
    Less current portion of obligations under capital leases
   
(787,996
)
    Long-term obligations under capital leases
 
$
220,493
 
 
Summary of long-term obligations under capital leases
     
       For the year ending June 30,
       
              2014
 
$
787,996
 
              2015
   
215,089
 
              2016
   
5,404
 
         
   
$
1,008,489
 
 
Summary of assets held under capital leases included in property and equipment
     
Equipment
 
$
1,571,784
 
Less: accumulated depreciation
   
654,815
 
         
   
$
916,969