Quarterly report pursuant to Section 13 or 15(d)

CAPITAL LEASE OBLIGATIONS

v3.7.0.1
CAPITAL LEASE OBLIGATIONS
3 Months Ended
Mar. 31, 2017
Leases [Abstract]  
CAPITAL LEASE OBLIGATIONS

NOTE 8. CAPITAL LEASE OBLIGATIONS

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

 

 

 

2017

 

 

2016

 

Capital lease obligation – leasehold improvements

 

$

70,396

 

 

$

78,008

 

Less: Current portion

 

 

(31,452

)

 

 

(31,030

)

     Total capital lease obligations - long-term

 

$

38,944

 

 

$

46,978

 

 

Future annual payments for capital leases obligations are as follows for the years ending March 31:

 

March 31,

 

Total

 

2018

 

$

31,452

 

2019

 

 

33,226

 

2020

 

 

5,718

 

   Total minimum lease payments

 

$

70,396