Line of Credit and Long Term Debt (Tables)

3 Months Ended

Mar. 31, 2018

Line of Credit and Long Term Debt [Abstract]

Schedule of Long-term Debt Instruments [Table Text Block]

Long-term debt consisted of the following:

	MARCH 31, 2018						DECEMBER 31, 2017
	Current		Non-Current				Current		Non-Current
	Portion		Portion		Total		Portion		Portion		Total
	(Unaudited)
Capital Lease Obligations (1)	$	103,172	$	207,860	$	311,032	$	101,591	$	232,109	$	333,700
Total Long Term Debt	$	103,172	$	207,860	$	311,032	$	101,591	$	232,109	$	333,700
Deferred Rent Liability (2)		73,223		65,630		138,853		70,021		78,336		148,357
Short term installment borrowings (3)		76,446		-		76,446		133,250		-		133,250
Total Other Term Obligations	$	149,669	$	65,630	$	215,299	$	203,271	$	78,336	$	281,607
Total Long Term Debt and Other
Term Obligations	$	252,841	$	273,490			$	304,862	$	310,445

(1) As more fully described in Note 7, the Company entered into capital leases to acquire computer hardware and software for its client facing infrastructure and two automobiles that expire between 2020 and 2021.

(2) The Company has two significant long term building lease obligations that contain fixed rent escalations and rent abatements. The Company has recognized a deferred rent liability related to the difference between actual cash rent paid and rent recognized for financial reporting purposes.

(3) The Company annually finances the cost of its commercial liability insurance premiums for a period of less than 12 months.

Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]

Minimum lease payments required under capital leases range from $695 to $8,900, respectively, and these leases expire in March 2020. The following sets forth the Company’s future minimum payment obligations under these capital lease agreements for fiscal years ending March 31 (Unaudited):

2018	$	123,747
2019		123,747
2020		99,600
Total principal and interest payments		347,094
Less: portion representing interest		36,062
Present value of minimum lease payments under capital lease agreements		311,032
Less: current portion		103,172
Capital lease obligations, net of current portion	$	207,860