Quarterly report pursuant to Section 13 or 15(d)

CAPITAL LEASE OBLIGATIONS (Tables)

v3.8.0.1
CAPITAL LEASE OBLIGATIONS (Tables)
3 Months Ended
Mar. 31, 2018
Leases [Abstract]  
Schedule of 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

 

 

Schedule of Future Annual Payments for Capital Leases Obligations

 

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