CAPITAL LEASE OBLIGATIONS, NET
|12 Months Ended|
Dec. 31, 2016
|CAPITAL LEASE OBLIGATIONS, NET||
NOTE 9. CAPITAL LEASE OBLIGATIONS, NET
Capital lease obligations, net consisted of the following at December 31, 2016 and 2015:
The capital lease obligation – leasehold improvements requires 60 monthly payments of $2,879, including 5.5% interest, beginning May 2014 through May 2019.
The capital leases cover furniture and leasehold improvements located at our corporate headquarters in Las Vegas, Nevada. As of December 31, 2016, annual requirements for capital leases obligations are as follows:
The entire disclosure for capital leasing arrangements including, but not limited to, the following: a) the basis on which contingent rental payments are determined; (b) the existence and terms of renewal or purchase options and escalation clauses; (c) restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.
Reference 1: http://www.xbrl.org/2003/role/presentationRef