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LEASE OBLIGATION PAYABLE (Tables) | 3 Months Ended
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Mar. 31, 2017
Lease Obligation Payable |
Schedule of lease obligation payable | The following is a schedule showing the future minimum leas payments under capital lease by year and the present value of the minimum lease payments as of March 31, 2017. The interest rate related to the lease obligation is 12% and the maturity date is March 31, 2022.
Year Ending |  |  |  |
2017 |  |  | $ | 32,322 |
2018 |  |  |  | 43,096 |
2019 |  |  |  | 43,096 |
2020 |  |  |  | 43,096 |
2021 |  |  |  | 43,096 |
Thereafter |  |  |  | 10,776 |
Total minimum lease payments |  |  |  | 215,482 |
Less: Amount representing interest |  |  |  | 54,032 |
Present value of minimum lease payments |  |  | $ | 161,450 |

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- References No definition available. + Details
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- Definition Tabular disclosure of undiscounted cash flows of finance lease liability. Includes, but is not limited to, reconciliation of undiscounted cash flows to finance lease liability recognized in statement of financial position. + References Reference 1: http://www.xbrl.org/2003/role/presentationRef -Publisher FASB -Name Accounting Standards Codification -Topic 842 -SubTopic 20 -Section 50 -Paragraph 6 -URI http://asc.fasb.org/extlink&oid=77888426&loc=SL77918701-209980 + Details
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