Capital Lease Obligations

12 Months Ended

Dec. 31, 2014

Capital Lease Obligations [Abstract]

NOTE 8 – CAPITAL LEASE OBLIGATIONS

Future minimum lease payments under capital lease agreements are summarized as follows:

For years ending December 31,

2015	$	195
2016		185
2017		19
2018		-
Thereafter		-
		399
Less: Interest		(15	)
Present value of minimum lease payments		384

Less: Current portion		(185	)
Long-term portion	$	199

At December 31, 2014, property under capital leases had a cost of approximately $3 million, and the related accumulated depreciation was approximately $2 million. Depreciation of assets held under capital lease is included in depreciation expense.

- Definition

The entire disclosure for lessee entity's leasing arrangements including, but not limited to, all of 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.

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