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Long and short-term capital leases (Tables)
12 Months Ended
Dec. 31, 2015
Long and short-term capital leases  
Schedule of long and short-term capital leases

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

2015

 

2014

Capital leases to various lessors secured by financed equipment with interest rates ranging from 4.67% to 13.45%. Principal and interest are payable monthly through September 2018

    

$

487,111

    

$

816,718

Total long and short-term portions of capital leases

 

 

487,111

 

 

816,718

Less: short-term portion capital leases

 

 

(290,911)

 

 

(458,812)

Long-term portion of capital leases

 

$

196,200

 

$

357,906

 

Schedule of interest expense related to capital leases

 

 

 

 

 

 

 

 

 

 

 

 

 

Year ended December 31,

 

 

2015

 

2014

 

2013

Capital leases

 

$

46,958

 

$

61,591

 

$

60,106