Quarterly report pursuant to Section 13 or 15(d)

Capital Lease Obligations (Tables)

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Capital Lease Obligations (Tables)
6 Months Ended
Jun. 30, 2014
Capital Lease Obligations [Abstract]  
Summary of future minimum lease payments under capital leases

 

As of June 30, 2014   $ 1,004,006  
Less amount representing interest     (109,084 )
Total obligations under capital leases     894,922  
Less current portion of obligations under capital leases     (214,042 )
Long-term obligations under capital leases   $ 680,880  
Summary of long-term obligations under capital leases
For the twelve months ending June 30,      
2015   $ 214,042  
2016     227,243  
2017     241,259  
2018     212,378  
    $ 894,922  
Summary of assets held under capital leases included in property and equipment

 

Equipment   $ 1,603,461  
Less: accumulated depreciation     (1,053,367 )
    $ 550,094