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LEASE OBLIGATION PAYABLE | 3 Months Ended
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Mar. 31, 2017
Lease Obligation Payable |
LEASE OBLIGATION PAYABLE | NOTE 13 – LEASE OBLIGATION PAYABLE The Company entered into a lease in March 2017 for the rental of its printer for its secured plastic and credential card products business under an arrangement that is classified as a capital lease. The leased equipment is amortized on a straight line basis over its lease term including the last payment (61 payments) which would transfer ownership to the Company. Total amortization related to the lease equipment as of March 31, 2017 is $2,679. The following is a schedule showing the future minimum lease 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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- Definition It represents the amount of lease obligations of installment payments that constitute a payment of principal plus interest for the lease. + References No definition available. + Details
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Namespace Prefix: | idgs_
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Balance Type: | na
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- References No definition available. + Details
Name: | idgs_LeaseObligationPayableAbstract
Namespace Prefix: | idgs_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration