XML 31 R16.htm IDEA: XBRL DOCUMENT v3.6.0.2
10. CAPITAL LEASE OBLIGATIONS
 12 Months Ended
Dec. 31, 2016
Leases [Abstract]  
10. CAPITAL LEASE OBLIGATIONS

The components of capital lease obligations are as follows:

 

  Imputed   As of December 31, 
  Interest rate   2016     2015  
Total capital lease obligations 6.7%   $ 2,472,637     $ 2,752,692  
Less: Current portion       (187,678 )     (196,778 )
Capital lease obligations, net of current portion     $ 2,284,959     $ 2,555,914  

 

Interest expense from capital lease obligations amounted to $174,167 and $193,162, which were charged to the consolidated statement of income for the years ended December 31, 2016 and 2015. See Note 19 for future minimum lease payments disclosure.