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Long and short-term capital leases (Tables)
12 Months Ended
Dec. 31, 2014
Long and short-term capital leases  
Schedule of long and short-term capital leases

 

                                                                                                                                                                                    

 

 

December 31,

 

 

 

2014

 

2013

 

Capital leases to various lessors secured by financed equipment with interest rates ranging from 4.67% to 14.51%. Principal and interest are payable monthly through May 2018

 

$

816,718

 

$

949,596

 

​  

​  

​  

​  

Total long and short-term portions of capital leases

 

 

816,718

 

 

949,596

 

Less: short-term portion capital leases

 

 

(458,812

)

 

(466,010

)

​  

​  

​  

​  

Long-term portion of capital leases

 

$

357,906

 

$

483,586

 

​  

​  

​  

​  

​  

​  

​  

​  

​  

 

Schedule of interest expense related to capital leases

 

                                                                                                                                                                                    

 

 

Year ended December 31,

 

 

 

2014

 

2013

 

2012

 

Capital leases

 

$

61,591 

 

$

60,106 

 

$

55,699