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10. CAPITAL LEASE OBLIGATIONS
 6 Months Ended
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.