Equipment Lease Obligations

12 Months Ended

Dec. 31, 2017

10. Equipment Lease Obligations

The Company entered into various arrangements to finance equipment. Accordingly, the equipment with a cost of $1,484 and $2,853 has been capitalized and included in the Company’s property, plant and equipment as of December 31, 2017 and 2016, respectively. Depreciation expense for assets under equipment leases was $255, $293 and $293 for the years ended December 31, 2017, 2016 and 2015, respectively. Accumulated depreciation for assets under equipment leases was $1,013 and $757 as of December 31, 2017 and 2016, respectively.

Future minimum lease payments for equipment lease obligations as of December 31, 2017 are as follows:

Year Ended December 31,	Amount
2018	$	588
2019		-
Total minimum lease payments		588
Amount representing interest at 0% - 4.95%		(16	)
Present value of payments		572
Less: current portion		(572	)
Total equipment financing obligations, net of current portion	$	-