Quarterly report pursuant to Section 13 or 15(d)

CAPITAL LEASE OBLIGATIONS

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CAPITAL LEASE OBLIGATIONS
3 Months Ended
Mar. 31, 2018
Leases [Abstract]  
CAPITAL LEASE OBLIGATIONS

NOTE 9. CAPITAL LEASE OBLIGATIONS

Capital lease obligations consisted of the following at March 31, 2018 and December 31, 2017:

 

 

 

2018

 

 

2017

 

Capital lease obligation

 

$

38,967

 

 

$

47,002

 

Less: Current portion

 

 

(33,233

)

 

 

(32,785

)

     Total capital lease obligations – long-term

 

$

5,734

 

 

$

14,217

 

 

The capital leases cover leasehold improvements located at our corporate headquarters in Las Vegas, Nevada.  As of March 31, future annual payments for capital leases obligations are as follows: 

 

Twelve months Ending March 31,

 

Total

 

2019

 

$

33,233

 

2020

 

 

5,734

 

Total minimum lease payments

 

$

38,967