Quarterly report pursuant to Section 13 or 15(d)

Capital leases (Tables)

v3.5.0.2
Capital leases (Tables)
6 Months Ended
Jun. 30, 2016
Capital Leases [Abstract]  
Schedule of capital leased obligation
    2016     2015  
                 
Capital lease to purchase equipment   $ 111,781     $ 128,060  
Less current portion of capital lease obligations:     (28,125 )     (25,131 )
Long-term capital lease obligations, net of current portion   $ 83,656     $ 102,929
Schedule of future minimum lease payments under the lease
Twelve Months Ended, June 30th:        
2017     28,125  
2018     32,373  
2019     38,326  
2020     12,957  
Total capital lease obligation   $ 111,781  
Summary of leased assets included in machinery and equipment
    2016     2015  
Leased Equipment   $ 179,620     $ 179,620  
Less accumulated depreciation     (53,886 )     (35,924 )
Net leased assets   $ 125,734     $ 143,696