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Equipment Financings (Tables)
9 Months Ended
Sep. 30, 2018
Capital Lease Obligations [Abstract]  
Schedule of Remaining Future Minimum Lease Payments for Financed Equipment Obligations

The following schedule sets forth the remaining future minimum lease payments outstanding under financed equipment arrangements, as well as corresponding remaining sales tax and maintenance obligation payments that are expensed as incurred and due within each respective year ending December 31, as well as the present value of the total amount of the remaining minimum lease payments, as of September 30, 2018:

 

 

 

 

 

 

Maintenance

 

 

Minimum

 

 

and Sales Tax

 

 

Lease

 

 

Obligation

 

 

Payments

 

 

Payments

 

2018 (remaining three months)

$

154,538

 

 

$

30,237

 

2019

 

613,448

 

 

 

88,599

 

2020

 

464,152

 

 

 

67,752

 

2021

 

303,228

 

 

 

53,252

 

2022

 

262,974

 

 

 

53,493

 

Thereafter

 

262,952

 

 

 

40,641

 

Total payments

 

2,061,292

 

 

 

333,974

 

Less amount representing interest

 

(473,166

)

 

 

 

Present value of payments

$

1,588,126

 

 

$

333,974