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10. CAPITAL LEASE OBLIGATIONS | 6 Months Ended
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Jun. 30, 2016
Leases [Abstract] |
10. CAPITAL LEASE OBLIGATIONS | The components of capital lease obligations are as follows:
| Imputed |  | June 30, |  | December 31,
| Interest rate |  | 2016 |  | 2015
Total capital lease obligations | 6.7% |  | $ | 2,502,804 |  |  | $ | 2,752,692 |
Less: Current portion |  |  |  | (112,434 | ) |  |  | (196,778 | )
Capital lease obligations, net of current portion |  |  | $ | 2,390,370 |  |  | $ | 2,555,914 |
Interest expenses from capital lease obligations amounted to $45,873 and $50,803 for the three-month period ended June 30, 2016 and 2015, respectively, which were charged to the condensed consolidated statement of income. Interest expenses from capital lease obligations amounted to $91,764 and $101,460 for the six-month period ended June 30, 2016 and 2015, respectively, which were charged to the condensed consolidated statement of income.

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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 + Details
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