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10. CAPITAL LEASE OBLIGATIONS
3 Months Ended
Mar. 31, 2013
Leases [Abstract]  
10. CAPITAL LEASE OBLIGATIONS

The components of capital lease obligations are as follows:

 

  Imputed   March 31,   December 31,
  Interest rate   2013   2012
Total capital lease obligations 6.7%   $ 3,207,243     $ 3,146,066  
Less: Current portion       (246,546 )     (193,164 )
Capital lease obligations, net of current portion     $ 2,960,697     $ 2,952,902  

 

Interest expenses from capital lease obligations amounted to $52,790 and $54,020 for the three-month periods ended March 31, 2013 and 2012, respectively, were charged to the income statements. See Note 19 for future minimum lease payments disclosure.