Quarterly report pursuant to Section 13 or 15(d)

CAPITAL LEASE OBLIGATIONS

v3.7.0.1
CAPITAL LEASE OBLIGATIONS
6 Months Ended
Jun. 30, 2017
Leases [Abstract]  
CAPITAL LEASE OBLIGATIONS

NOTE 8. CAPITAL LEASE OBLIGATIONS

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

 

 

 

2017

 

 

2016

 

Capital lease obligation – leasehold improvements

 

$

62,701

 

 

$

78,008

 

Less: Current portion

 

 

(31,886

)

 

 

(31,030

)

     Total capital lease obligations - long-term

 

$

30,815

 

 

$

46,978

 

 

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

 

June 30,

 

Total

 

2018

 

$

31,886

 

2019

 

 

30,815

 

Total minimum lease payments

 

$

62,701