Quarterly report pursuant to Section 13 or 15(d)

CAPTIAL LEASE OBLIGATIONS (Tables)

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CAPTIAL LEASE OBLIGATIONS (Tables)
9 Months Ended
Sep. 30, 2014
Notes to Financial Statements  
Schedule of Capital Lease Obligations
    September 30, 2014
Capital lease obligation – office furniture   $ 77,325  
Capital lease obligation – leasehold improvements     141,892  
      219,217  
Less: Current portion     (64,926 )
   Capital lease obligations   $ 154,291  
Schedule of Future Minimum Lease Payments
September 30,   Total
  2015     $ 78,237  
  2016       76,538  
  2017       34,545  
  2018       34,545  
  2019       23,027  
  Total minimum lease payments     $ 246,892  
  Less: amount representing interest       (27,675 )
  Present value of net minimum lease payments     $ 219,217