Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.7.0.1
Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2017
Commitments and Contingencies Disclosure [Abstract]  
Schedule of Future Minimum Lease Payments Under Capital Leases

The next five years of lease payments are:

 

    Capital Lease Payments  
2017   $ 732,950  
2018     977,267  
Total future payments     1,710,217  
Less debt discount due to warrants     (122,793 )
Less amount representing interest     (201,144 )
      1,386,280  
Less current portion of capital lease obligations     (817,111 )
Capital lease obligations, excluding current installments   $ 569,169  

Schedule of Future Minimum Lease Payments for Operating Leases

The combined future minimum lease payments as of March 31, 2017 are as follows:

 

      Operating Leases  
2017     $ 343,187  
2018       192,070  
Thereafter        
Total     $ 535,257