Schedule of capital leases (Tables)

12 Months Ended

Dec. 31, 2013

Schedule of capital leases:

Schedule of Capital Leased Assets

Leased property under capital lease at December 31, 2013 and December 31, 2012 consists of the following:

	December 31,		December 31,
	2013		2012
Leased property under capital lease	$	3,098,921	$	3,098,921
Less accumulated depreciation	(645,609)		(129,122)
Leased property under capital lease, net	$	2,453,312	$	2,969,799

Schedule of Future Minimum Lease Payments for Capital Leases

Future minimum capital lease payments as of December 31, 2014 are:

Year ending December 31,		Capital leases
2014		$	815,184
2015		611,388
Total future minimum lease payments		$	1,426,572
Less amount representing interest (at 9.9%)		121,823
Present value of net minimum capital lease payments		1,304,749
Less current installments of obligations under capital leases		717,870
	Obligations under capital leases, excluding current installments	$	586,879