NOTE 7 – CAPITAL LEASE

Capital lease obligations as of March 31, 2018 and December 31, 2017 are comprised of the following:

	March 31,			December 31,
	2018			2017
				(audited)
Note payable, New Everbank Lease	$	36,696		$	39,754
Less: note payable, New Everbank Lease (Capital leases), current portion		(18,348	)		(18,348	)

Notes payable, bank loans and capital leases, long-term portion	$	18,348		$	21,406

In March 2015, the Company entered into a capital equipment finance lease for Ultra Sound equipment with Everbank. There was no interest on this lease. The monthly payment is $1,529 for 60 months ending in March 2020. As of March 31, 2018, the Company owed Everbank $35,167 pursuant to this capital lease. During the three months ended March 31, 2018 and 2017, the Company made payments on this capital lease of $3,058 and $4,587, respectively.

Future minimum payments to which the Company is obligated pursuant to the capital leases as of March 31, 2018 are as follows:

2018 (April to December)	$	13,761
2019		18,348
2020		3,058
2021		---
2022		---

Total	$	35,167