Sale Leaseback (Tables)

6 Months Ended

Jun. 30, 2018

Sale Leaseback [Abstract]

Schedule of minimum payments for lease

The lease was fully repaid in June 2018 prior to its maturity:

Total lease payment	$	3,953,865
Less: imputed interest and principal		(3,953,865	)
Total current portion of sale leaseback obligation as of June 30, 2018	$	-

The minimum payments for the remaining lease term of 23 months from June 30, 2018 to May 18, 2020 are as follows:

Total lease payment	$	2,858,785
Less: imputed interest and principal		(1,034,176	)
Total sale leaseback obligation as of June 30, 2018		1,824,609
Less: current portion of sale leaseback obligation		(951,970	)
Long term payable - sale leaseback as of June 30, 2018	$	872,639

The minimum payments for the remaining lease term of 32 months from June 30, 2018 to February 18, 2021 are as follows:

Total lease payment	$	6,012,612
Less: imputed interest and principal		(657,939	)
Total sale leaseback obligation as of June 30, 2018		5,354,673
Less: current portion of sale leaseback obligation		(2,008,002	)
Long term payable - sale leaseback as of June 30, 2018	$	3,346,671

Schedule of future obligations for payments of sale leaseback

According to the sale leaseback agreement, future obligations for payments of sale leaseback are as below:

Twelve months ended June 30, 2018
2019	$	951,970
2020		872,639
Total	$	1,824,609

According to the sale leaseback agreement, future obligations for payments of sale leaseback are as below:

Twelve months ended June 30,
2019	$	2,008,002
2020		2,008,002
2021		1,338,669
Total	$	5,354,673