Quarterly report pursuant to Section 13 or 15(d)

Commitments and Contingencies (Tables)

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Commitments and Contingencies (Tables)
3 Months Ended
Mar. 31, 2017
Commitments And Contingencies  
Future minimum lease payments

The following is a schedule showing the future minimum lease payments under capital leases by years and the present value of the minimum payments as of March 31, 2017.

 

 

2017   $ 109,065  
2018   $ 145,417  
2019   $ 145,418  
2020   $ 99,984  
2021   $ 57,453  
Thereafter   $ 596,055  
         
Total minimum lease payments   $ 1,153,392  
         
Less: Amount representing interest   $ (158,567 )
         
Present value of minimum lease payments   $ 994,825  

Operating lease payments

The Company also leases premises and facilities under operating leases with terms ranging from 12 months to 60 months. The annual non-cancelable operating lease payments on these leases are as follows:

 

 

2017   $ 167,394  
2018   $ 164,757  
Thereafter   $ 66,982  
         
Total   $ 399,133