Annual report pursuant to section 13 and 15(d)

12. Equipment Financing Obligations

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12. Equipment Financing Obligations
12 Months Ended
Dec. 31, 2013
Notes to Financial Statements  
12. Equipment Financing Obligations

From time to time during the years ended December 31, 2013 and 2012 the Company entered into several equipment financing or capital lease arrangements to finance the purchase of network hardware and software utilized in the Company’s operations. These arrangements require monthly payments over a period of 24 to 36 months with interest rates ranging between 4% and 11%. The balance on the Company’s equipment financing obligations aggregated to $0.4 million and $0.2 million and December 31, 2013 and 2012, respectively.