CAPITAL LEASE OBLIGATIONS

3 Months Ended

Dec. 31, 2017

Disclosure Text Block Supplement [Abstract]

Debt and Capital Leases Disclosures [Text Block]

NOTE 6 – CAPITAL LEASE OBLIGATIONS

At December 31, 2017, September 30, 2017, and December 31, 2016, capital lease obligations consisted of the following:

	December 31, 2017		September 30, 2017		December 31, 2016
A 2008 tow truck leased from Donahue Transportation Services Corp. payable in monthly installments of $799, including interest at 8.39% per annum, through February 2017.	$	-	$	-	$	3,446
A 2013 Hino truck leased from Donahue Transportation Services Corp. payable in monthly installments of $1,046, including interest at 4.751% per annum, through April 2019.		16,191		19,115		27,681
A security system for Lot-K leased from RLC Funding, payable in monthly installments of $1,295, including interest at 13.537% per annum, through October 2018.		12,181		15,576		25,104
A 2016 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,116, including interest at 4.532% per annum, through January 2023.		60,702		63,342		71,085
A 2018 Hino truck leased from Donahue Transportation Services Corp, payable in monthly installments of $1,116, including interest at 4.644% per annum, through September 2024.		77,472		80,706		-
Total capital lease obligations	$	166,546	$	178,739	$	127,316

At December 31, 2017, future minimum payments on capital lease obligations were as follows:

For the Year Ending December 31,
2018	$	52,289
2019		30,969
2020		26,784
2021		26,784
2022		26,784
Thereafter		24,552
		188,162
Less amount representing interest		(21,616)
Present value of future minimum payments		166,546
Less current portion of capital lease obligations		(45,098)
Total capital lease obligations, net of current portion	$	121,448