Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

v3.7.0.1
Commitments and Contingencies (Tables)
6 Months Ended
Jun. 30, 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   $ 488,633  
2018     977,267  
Total future payments     1,465,900  
Less debt discount due to warrants     (105,251 )
Less amount representing interest     (150,570 )
      1,210,079  
Less current portion of capital lease obligations     (846,044 )
Capital lease obligations, excluding current installments   $ 364,035  

Schedule of Future Minimum Lease Payments for Operating Leases

The combined future minimum lease payments as of June 30, 2017 are as follows:

 

      Operating Leases  
2017     $ 239,395  
2018       192,070  
Thereafter        
Total     $ 431,465