Quarterly report pursuant to Section 13 or 15(d)

Leases (Tables)

v3.8.0.1
Leases (Tables)
3 Months Ended
Mar. 31, 2018
Leases [Abstract]  
Schedule of Minimum Future Lease Payments of Operating Leases
Minimum future lease payments under non-cancelable operating leases as of March 31, 2018 are:
 
 
2018
$
352,985

2019
477,319

2020
405,606

2021
242,558

2022
163,283

Total
$
1,641,751

Schedule of Capital Lease Obligations and Future Minimum Lease Payments
Capital lease obligations and future minimum lease payments under non-cancelable capital leases as of March 31, 2018 are:

 
Lease Payments
2018
$
180,202

2019
$
213,685

2020
$
82,404

Total payments under capital lease obligations
$
476,291

Less amount representing interest
(38,720
)
Present value of capital lease obligations
437,571

Current portion of capital lease obligations
(212,040
)
Capital lease obligations, net of current portion
$
225,531

Schedule of Assets Under Capital Leases
Cost and related accumulated depreciation are as follows:
 
March 31, 2018
December 31, 2017
Equipment
$
707,264

$
707,264

Less accumulated depreciation
(296,873
)
(242,169
)
Equipment, net
$
410,391

$
465,095