CAPITAL LEASE OBLIGATIONS

12 Months Ended

Dec. 31, 2012

9. CAPITAL LEASE OBLIGATIONS

We have capital lease obligations related to financing certain equipment. These capital lease obligations require even monthly installments through 2013 and interest rates on the leases range from 8% to 15%. These obligations under capital leases had outstanding balances of $2,280 and $8,750 at December 31, 2012 and 2011, respectively.

Future minimum lease payments under capital lease obligations are:


Year Ending December 31, 2013	$	2,410
Year Ending December 31, 2014		-0-

Total minimum payments on capital lease obligations		2,410
Interest		(130	)

Present value of minimum lease payments		2,280
Current portion of capital lease obligations		(2,280	)

Long-term capital lease obligations	$	-0-