CAPITAL LEASE OBLIGATIONS |
12 Months Ended |
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Dec. 31, 2015 | |
| CAPITAL LEASE OBLIGATIONS [Abstract] | |
| CAPITAL LEASE OBLIGATIONS |
NOTE 12 CAPITAL LEASE OBLIGATIONS
In 2014, the Company acquired $24,671 of software via capitalized leases at an interest rate of 10.8%. Total lease payments made for the year ended December 31, 2015 and 2014 were $12,637 and 2,308, respectively.
The balance of capitalized lease obligations payable at December 31, 2015 and 2014 were $9,726 and $22,563, respectively. Future lease payments total $9,726 to be paid in 2016. |
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- References No definition available.
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- Definition The entire disclosure for capital leasing arrangements including, but not limited to, the following: a) the basis on which contingent rental payments are determined; (b) the existence and terms of renewal or purchase options and escalation clauses; (c) restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing. Reference 1: http://www.xbrl.org/2003/role/presentationRef
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