Line of Credit and Long Term Debt (Tables)

6 Months Ended

Jun. 30, 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:

	JUNE 30, 2018						DECEMBER 31, 2017
	Current		Non-Current				Current		Non-Current
	Portion		Portion		Total		Portion		Portion		Total
	(Unaudited)						(Unaudited)
Capital Lease Obligations (1)	$	96,762	$	185,047	$	281,809	$	101,591	$	232,109	$	333,700
Total Long-Term Debt	$	96,762	$	185,047	$	281,809	$	101,591	$	232,109	$	333,700
Deferred Rent Liability (2)		63,651		65,697		129,348		70,021		78,336		148,357
Short term installment borrowings (3)		34,628		-		34,628		133,250		-		133,250
Total Other Term Obligations	$	98,279	$	65,697	$	163,976	$	203,271	$	78,336	$	281,607
Total Long-Term Debt and Other
Term Obligations	$	195,041	$	250,744			$	304,862	$	310,445

(1) As more fully described in Note 5, the Company entered into capital leases to acquire computer hardware and software for its customer facing infrastructure and two automobiles that expire between 2020 and 2021.

(2) The Company has two 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 June 30:

2018	$	122,272
2019		122,272
2020		65,943
Total principal and interest payments		310,487
Less: portion representing interest		28,678
Present value of minimum lease payments
under capital lease agreements		281,809
Less: current portion		96,762
Capital lease obligations, net of current portion	$	185,047