Quarterly report pursuant to Section 13 or 15(d)

10. Equipment Financing Obligations (Tables)

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10. Equipment Financing Obligations (Tables)
9 Months Ended
Sep. 30, 2016
Equipment Financing Obligations Details 1  
Equipment financing obligations

 

    September 30,     December 31,  
    2016     2015  
             
Equipment financing obligations   $ 2,489,647     $ 3,044,796  
Less: current portion     (997,089 )     (959,380 )
Long-term portion   $ 1,492,558     $ 2,085,416  

 

Principal payment under the capital lease agreements
Year     Principal Payments  
Remainder of          
2016     $ 247,693  
2017     1,002,084  
2018     958,846  
2019     268,044  
2020   $ 12,980