Capital Lease Obligations

12 Months Ended

Dec. 31, 2016

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,

2017	$	677
2018		658
2019		465
2020		-
Thereafter		-
		1,800
Less: Interest		(71	)
Present value of minimum lease payments		1,729
Less: Current portion		(677	)
Long-term portion	$	1,052

At December 31, 2016, property under capital leases had a cost of $4.2 million, and the related accumulated depreciation was $2.5 million. Depreciation of assets held under capital lease is included in depreciation expense.