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7. CAPITAL LEASE OBLIGATION	6 Months Ended
	Jun. 30, 2015
Capital Lease Obligation
Capital lease obligation	In December 2014, the Company entered into a Capital Lease agreement for the purchase of a phone system. The agreement required a down payment of $2,105 and 36 monthly payments of $375.  The Company recorded an asset of $13,512 and a capital lease obligation of $13,512.  Aggregate payments made under the lease were $1,125 for the six months ended June30, 2015. At June 30, 2015 a total lease liability of $12,012 remained.  Of that, $4,504 will be due in the next 12 months.

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- References

No definition available.

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- Definition

The entire disclosure for capital leasing arrangements including, but not limited to, the following: a) the basis on which contingent rental payments are determined; (b) the existence and terms of renewal or purchase options and escalation clauses; (c) restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References

Reference 1: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 840



-SubTopic 30



-Section 50



-Paragraph 1



-URI http://asc.fasb.org/extlink&oid=6455398&loc=d3e45280-112737



Reference 2: http://www.xbrl.org/2003/role/presentationRef



-Publisher FASB



-Name Accounting Standards Codification



-Topic 840



-SubTopic 10



-Section 50



-Paragraph 2



-URI http://asc.fasb.org/extlink&oid=6452660&loc=d3e36991-112694

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