Quarterly report pursuant to Section 13 or 15(d)

Capital leases (Tables)

v3.7.0.1
Capital leases (Tables)
3 Months Ended
Mar. 31, 2017
Capital Leases [Abstract]  
Schedule of capital lease obligation
    March 31,     December 31,  
    2017     2016  
Capital lease to purchase equipment   $ 92,305     $ 99,279  
Less current portion of capital lease obligations:     (31,035 )     (29,753 )
Long-term capital lease obligations, net of current portion   $ 61,270     $ 69,526  
Schedule of future minimum lease payments under the lease
Period Ending December 31:      
2017 (Remaining)   $ 33,752  
2018     45,003  
2019     37,604  
Total minimum lease payments   $ 116,359  
Less amount representing interest expense     (24,045 )
Present value of minimum lease payments   $ 92,305  
Less current portion of minimum lease payments     (31,035 )
Long-term capital lease obligations at March 31, 2017   $ 61,270  
Summary of leased assets included in machinery and equipment
    March 31,     December 31,  
    2017     2016  
Leased Equipment   $ 179,620     $ 179,620  
Less accumulated depreciation     (80,829 )     (71,848 )
Net leased assets   $ 98,791     $ 107,772