Note 6 - Capital Lease Obligations

12 Months Ended

Dec. 31, 2017

Notes to Financial Statements

Debt and Capital Leases Disclosures [Text Block]

6.

CAPITAL LEASE OBLIGATIONS

We lease certain

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

$227,783,

of which

$217,094

and

$210,904

was included in Property and Equipment at

December 31, 2017

and

2016,

respectively, and

$10,689

and

$16,879

which was included in Prepaid Equipment (

not

placed in service) as of

December 31, 2017

and

2016,

respectively. Accumulated depreciation on the assets placed in service

December 31, 2017

and

2016

were approximately

$63,319

and

$21,400,

respectively. Amortization of the capitalized cost is charged to depreciation expense.      

At

December 31,

2017,

there were

no

amounts owed under our capital lease obligation, while at

December 31, 2016,

we owed

$72,686

which was included in current liabilities.