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10. CAPITAL LEASE OBLIGATIONS
3 Months Ended
Mar. 31, 2015
Leases [Abstract]  
10. CAPITAL LEASE OBLIGATIONS

The components of capital lease obligations are as follows:

 

  Imputed   March 31,   December 31,
  Interest rate   2015   2014
Total capital lease obligations 6.7%   $ 3,070,745     $ 3,031,623  
Less: Current portion       (254,972 )     (205,128 )
Capital lease obligations, net of current portion     $ 2,815,773     $ 2,826,495  

 

Interest expenses from capital lease obligations amounted to $50,657 and $52,554 for the three-month periods ended March 31, 2015 and 2014, respectively, were charged to the income statements. See Note 19 for future minimum lease payments disclosure.