Annual report pursuant to Section 13 and 15(d)

Capital Lease Obligations (Tables)

v3.3.1.900
Capital Lease Obligations (Tables)
12 Months Ended
Dec. 31, 2015
Capital Lease Obligations [Abstract]  
Capital lease obligation payments
Final payments under the Company’s capital lease obligations were made in September 2015 and there are no further capital lease obligations.
 
 
 
December 31,
 
December 31,
 
 
 
2015
 
2014
 
 
 
 
 
 
 
 
 
Total Principal Payments
 
$
 
$
16,882
 
Less: Amount Due Within One Year
 
 
 
 
(16,882)
 
 
 
 
 
 
 
 
 
Amount Due After One Year
 
$
 
$
 
Annual requirements for retirement of the capital lease obligations
The following is a summary of assets held under capital leases:
 
December 31,
 
2015
 
2014
 
 
 
 
 
 
 
 
 
Computers and Software
 
$
 
$
16,200
 
Furniture and Equipment
 
 
 
 
35,083
 
 
 
 
 
 
 
 
 
 
 
 
 
 
51,283
 
Less: Accumulated Depreciation
 
 
 
 
(42,230)
 
 
 
 
 
 
 
 
 
Net
 
$
 
$
9,053