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CAPITAL LEASES
 9 Months Ended
Sep. 30, 2018
CAPITAL LEASES  
CAPITAL LEASES

NOTE 15   CAPITAL LEASES

 

The Company’s capital lease obligations consists of equipment and the Black Fox phone system acquired  during the normal course of operations. The details of the obligations are as follows:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

September 30,

 

December 31,

 

    

Interest Rates

    

Maturities

    

2018

    

2017

Capital lease obligations

 

4.74  -10.97%

 

2018 - 2023

 

$

4,117

 

$

551

Less current portion

 

 

 

 

 

 

1,039

 

 

470

Long-term capital lease obligations

 

 

 

 

 

$

3,078

 

$

81

 

The Company has the following principal payment requirements under its capital leases, 2019 - $1.0 million, 2020 - $1.0 million, 2021 - $1.0 million and 2022 and beyond - $1.4 million.