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9. CAPITAL LEASE OBLIGATIONS
 3 Months Ended
Mar. 31, 2017
Leases [Abstract]  
9. CAPITAL LEASE OBLIGATIONS

The components of capital lease obligations are as follows:

 

  Imputed   March 31,   December 31,
  Interest rate   2017   2016
Total capital lease obligations 6.7%   $ 2,527,862     $ 2,472,637  
Less: Current portion       (230,380 )     (187,678 )
Capital lease obligations, net of current portion     $ 2,297,482     $ 2,284,959  

 

Interest expenses from capital lease obligations amounted to $41,753 and $45,891 for the three-month periods ended March 31, 2017 and 2016, respectively, were charged to the condensed consolidated statement of income. See Note 17 for future minimum lease payments disclosure.