Quarterly report pursuant to Section 13 or 15(d)

Capital Leases Payable

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Capital Leases Payable
 6 Months Ended
Jun. 30, 2015
Capital Lease Obligations [Abstract]  
Capital Lease Obligations

9. CAPITAL LEASES PAYABLE

 

Capital leases payable are as follows:

 

    June 30, 2015     December 31, 2014  
             
Capital lease payable, bearing interest at 10%, through August 2017   $ 8,297     $ 10,502  
                 
Capital lease payable, bearing interest at 11.5%, through December 2017     40,985       -  
                 
Capital lease payable, bearing interest at 11.5%, through July 2016     17,633       26,489  
                 
Capital lease payable, bearing interest at 11.5%, through November 2016     28,999       40,336  
                 
Capital lease payable, bearing interest at 10%, through March 2015     -       1,333  
Total capital leases payable     95,914       78,660  
Current maturities     55,521       42,032  
Capital leases payable, less current maturities   $ 40,393     $ 36,628