Quarterly report pursuant to Section 13 or 15(d)

CAPITAL LEASE OBLIGATIONS

v3.8.0.1
CAPITAL LEASE OBLIGATIONS
9 Months Ended
Sep. 30, 2017
Leases [Abstract]  
CAPITAL LEASE OBLIGATIONS

NOTE 9. CAPITAL LEASE OBLIGATIONS

Capital lease obligations consisted of the following at September 30, 2017 and December 31, 2016:

 

 

 

2017

 

 

2016

 

Capital lease obligation – leasehold improvements

 

$

54,921

 

 

$

78,008

 

Less: Current portion

 

 

(32,332

)

 

 

(31,030

)

     Total capital lease obligations – long-term

 

$

22,589

 

 

$

46,978

 

 

For the years ending September 30, future annual payments for capital leases obligations are as follows: 

 

September 30,

 

Total

 

2018

 

$

32,332

 

2019

 

 

22,589

 

Total minimum lease payments

 

$

54,921