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9. CAPITAL LEASE OBLIGATIONS

12 Months Ended

Dec. 31, 2014

Leases [Abstract]

9. CAPITAL LEASE OBLIGATIONS

The components of capital lease obligations are as follows:

	Imputed		As of December 31,
	Interest rate		2014				2013
Total capital lease obligations	6.7%		$	3,031,623			$	3,146,270
Less: Current portion				(205,128	)			(202,392	)
Capital lease obligations, net of current portion			$	2,826,495			$	2,943,878

Interest expense from capital lease obligations amounted to $202,656 and $207,393, which were charged to the income statements for the year ended December 31, 2014 and 2013. See Note 19 for future minimum lease payments disclosure.

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- Definition

The entire disclosure for capital leasing arrangements including, but not limited to, the following: a) the basis on which contingent rental payments are determined; (b) the existence and terms of renewal or purchase options and escalation clauses; (c) restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.

+ References

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

-Publisher FASB

-Name Accounting Standards Codification

-Topic 840

-SubTopic 30

-Section 50

-Paragraph 1

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



Reference 2: http://www.xbrl.org/2003/role/presentationRef

-Publisher FASB

-Name Accounting Standards Codification

-Topic 840

-SubTopic 10

-Section 50

-Paragraph 2

-URI http://asc.fasb.org/extlink&oid=6452660&loc=d3e36991-112694

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