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10. CAPITAL LEASE OBLIGATIONS
3 Months Ended
Mar. 31, 2014
Leases [Abstract]  
10. CAPITAL LEASE OBLIGATIONS

The components of capital lease obligations are as follows:

 

  Imputed   March 31,   December 31,
  Interest rate   2014   2013
Total capital lease obligations 6.7%   $ 3,170,336     $ 3,146,270  
Less: Current portion       (252,842 )     (202,392 )
Capital lease obligations, net of current portion     $ 2,917,494     $ 2,943,878  

 

Interest expenses from capital lease obligations amounted to $52,554 and $52,790 for the three-month periods ended March 31, 2014 and 2013, respectively, were charged to the income statements. See Note 19 for future minimum lease payments disclosure.