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9. CAPITAL LEASE OBLIGATIONS
 9 Months Ended
Sep. 30, 2014
Leases [Abstract]  
9. CAPITAL LEASE OBLIGATIONS

 

The components of capital lease obligations are as follows:

 

  Imputed   September 30,   December 31,
  Interest rate   2013   2013
Total capital lease obligations 6.7%   $ 2,966,214     $ 3,146,270  
Less: Current portion       (155,111 )     (202,392 )
Capital lease obligations, net of current portion     $ 2,811,103     $ 2,943,878  

 

Interest expenses from capital lease obligations amounted to $48,863 and $50,438 for the three-month period ended September 30, 2014 and 2013, respectively, which were charged to the income statements. Interest expenses from capital lease obligations amounted to $153,630 and $156,644 for the nine-month period ended September 30, 2014 and 2013, respectively, which were charged to the income statements.