Capitalized Lease Obligations

12 Months Ended

Dec. 30, 2017

Capitalized Lease Obligations

Capitalized Lease Obligations

Minimum future lease payments under capital leases as of December 30, 2017, are as follows:

Year ending December:
2018	$	236,000
2019		196,000
2020		126,000
2021		18,000
Total minimum lease payments		576,000
Less amount representing interest at a rate of approximately 9.8% per year		70,000
Present value of net minimum lease payments		506,000
Less current portion		196,000
Long-term obligations under capital leases	$	310,000

Interest expenses related to capital leases were approximately $57,000, $48,000 and $62,000 for the years ended December 30, 2017, December 31, 2016 and January 2, 2016, respectively.