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10. CAPITAL LEASE OBLIGATIONS
 6 Months Ended
Jun. 30, 2013
Leases [Abstract]  
10. CAPITAL LEASE OBLIGATIONS

NOTE 10 – CAPITAL LEASE OBLIGATIONS

 

The components of capital lease obligations are as follows:

 

  Imputed   June 30,   December 31,
  Interest rate   2013   2012
Total capital lease obligations 6.7%   $ 3,003,942     $ 3,146,066  
Less: Current portion       (99,011 )     (193,164 )
Capital lease obligations, net of current portion     $ 2,904,931     $ 2,952,902  

 

Interest expenses from capital lease obligations amounted to $53,416 and $54,024 for the three-month periods ended June 30, 2013 and 2012, respectively, which were charged to the income statements. Interest expenses from capital lease obligations amounted to $106,206 and $108,044 for the six-month periods ended June 30, 2013 and 2012, respectively, which were charged to the income statements.