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10. CAPITAL LEASE OBLIGATIONS
 3 Months Ended
Mar. 31, 2016
Leases [Abstract]  
10. CAPITAL LEASE OBLIGATIONS

The components of capital lease obligations are as follows:

 

  Imputed   March 31,   December 31,
  Interest rate   2016   2015
Total capital lease obligations 6.7%   $ 2,812,826     $ 2,752,692  
Less: Current portion       (244,133 )     (196,778 )
Capital lease obligations, net of current portion     $ 2,568,693     $ 2,555,914  

 

Interest expenses from capital lease obligations amounted to $45,891 and $50,657 for the three-month periods ended March 31, 2016 and 2015, respectively, were charged to the condensed consolidated statement of income. See Note 19 for future minimum lease payments disclosure.