LONG-TERM LIABILITIES

12 Months Ended

Dec. 31, 2015

Leases, Capital [Abstract]

LONG-TERM LIABILITIES

Note Payable

On October 2, 2015, the Company entered into a $35,677 note payable with a financial institution.  The term of the note is for a period of one year and is payable in 10 monthly installments of $3,089 at an interest rate of 6.35%.  The balance due on the note payable as of December 31, 2015 was $24,202.

Capital Lease Obligations

The Company is obligated under capital leases for equipment, which expire at various dates through April 2016.  The assets capitalized under these leases and associated accumulated depreciation at December 31, are as follows:

	2015			2014
Property and equipment	$	83,000		$	83,000
Accumulated depreciation		(83,000	)		(77,500	)
	$	-		$	5,500

Depreciation of equipment under capital leases is included in depreciation expense.

Minimum future lease payments under capital lease obligations as of December 31, 2015 are as follows:

Year Ended December 31,
2016	3,141

Less amount representing interest		(44	)
Present value of net minimum lease payments		3,097
Less current portion		(3,097	)
	$	-