Quarterly report pursuant to Section 13 or 15(d)

CAPTIAL LEASE OBLIGATIONS (Tables)

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CAPTIAL LEASE OBLIGATIONS (Tables)
6 Months Ended
Jun. 30, 2014
Notes to Financial Statements  
Schedule of Capital Lease Obligations
  June 30, 2014
Capital lease obligation – office furniture $ 86,118  
Capital lease obligation – leasehold improvements   148,500  
    234,618  
Less: Current portion   (61,305 )
   Capital lease obligations $ 173,313  
Schedule of Future Minimum Lease Payments
June 30,   Total
  2015     $ 78,237  
  2016       78,237  
  2017       43,769  
  2018       34,545  
  2019       31,663  
  Total minimum lease payments     $ 266,451  
  Less: amount representing interest       (31,833 )
     Present value of net minimum lease payments     $ 234,618