v2.4.0.8

Capital Lease Obligations (Tables)

6 Months Ended

Jun. 30, 2014

Capital Lease Obligations [Abstract]

Summary of future minimum lease payments under capital leases

As of June 30, 2014		$	1,004,006
Less amount representing interest			(109,084	)
Total obligations under capital leases			894,922
Less current portion of obligations under capital leases			(214,042	)
Long-term obligations under capital leases		$	680,880

Summary of long-term obligations under capital leases

For the twelve months ending June 30,
2015		$	214,042
2016			227,243
2017			241,259
2018			212,378
		$	894,922

Summary of assets held under capital leases included in property and equipment

Equipment		$	1,603,461
Less: accumulated depreciation			(1,053,367	)
		$	550,094

X

- Definition

Long-term obligations under capital leases.

+ References

No definition available.

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- Definition

Tabular disclosure of long-lived, depreciable assets that are subject to a lease meeting the criteria for capitalization and are used in the normal conduct of business to produce goods and services. Examples may include land, buildings, machinery and equipment, and other types of furniture and equipment including, but not limited to, office equipment, furniture and fixtures, and computer equipment and software.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 840

-SubTopic 30

-Section 50

-Paragraph 1

-Subparagraph (a)

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

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- Definition

Tabular disclosure of future minimum lease payments as of the date of the latest balance sheet presented, in aggregate and for each of the five years succeeding fiscal years, with separate deductions from the total for the amount representing executor costs, including any profit thereon, included in the minimum lease payments and for the amount of the imputed interest necessary to reduce the net minimum lease payments to present value.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 840

-SubTopic 30

-Section 50

-Paragraph 1

-Subparagraph (b)

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

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