Capitalized Lease Obligations

12 Months Ended

Dec. 29, 2012

Capitalized Lease Obligations

Note 5. Capitalized Lease Obligations

The Company leases equipment under capitalized lease obligations with a total cost of $381,888 and $372,027 and accumulated amortization of $90,960 and $77,883 as of December 29, 2012 and December 31, 2011, respectively.

Minimum future lease payments under capital leases as of December 29, 2012, are as follows:

Year ending December:
2013	$	97,951
2014		97,951
2015		37,797
2016		24,905
2017		4,056
Total minimum lease payments		262,660
Less amount representing interest		37,027
Present value of net minimum lease payments		225,633
Less current portion		77,259
Long-term obligations under capital leases	$	148,374

Interest expense related to capital leases was $29,006 and $32,142 for the years ended December 29, 2012 and December 31, 2011, respectively.