Note 3 - Capital Lease Obligations

9 Months Ended

Sep. 30, 2017

Notes to Financial Statements

Debt and Capital Leases Disclosures [Text Block]

3.

CAPITAL LEASE OBLIGATIONS

We lease certain telecommunication equipment under a capital lease agreement. The asset subject to the agreement totaled

$227,783,

of which $

217,114

and

$210,904

is included in Property and Equipment at

September 30, 2017

and

December 31, 2016,

respectively, and

$10,669

and

$16,879

is included in Prepaid expenses (

not

placed in service) as of

September 30, 2017

and

December 31, 2016,

respectively. Accumulated depreciation on the assets placed in service was approximately

$36,300

and

$21,400

at

September 30, 2017

and

December 31, 2016,

respectively. Amortization of the capitalized cost is charged to depreciation expense. The final installment of our capital lease obligations, due at the end of

2017,

is equal to

$72,686

and is included in current liabilities as of

September 30, 2017.