OTHER LIABILITIES

12 Months Ended

Dec. 31, 2016

Leases, Capital [Abstract]

OTHER LIABILITIES

Note Payable

In October 2016, the Company entered into a $30,000 note payable with a financial institution. The term of the note is for a period of one year and is payable in 10 monthly installments of $2,632 at an interest rate of 3%. The balance due on the note payable as of December 31, 2016 was $17,850.

Capital Lease Obligations

The Company is obligated under capital leases for equipment, which expire at various dates through 2020 and 2021. The assets capitalized under these leases and associated accumulated depreciation at December 31, are as follows:

	2016			2015
Property and equipment	$	129,025		$	83,000
Accumulated depreciation		(83,000	)		(83,000	)
	$	46,025		$	-

Depreciation of equipment under capital leases is included in depreciation expense.

Minimum future lease payments under capital lease obligations as of December 31, 2016 are as follows:

Year Ended December 31,
2017	$	10,868
2018		10,385
2019		10,385
2020		10,385
2021		2,774
Total future minimum lease payments		44,797
Less amount representing interest		(8,209	)
Present value of net minimum lease payment		36,588
Less current portion		(7,655	)
	$	28,933