Note 6 - Capital Leases

6 Months Ended

Mar. 31, 2016

Notes to Financial Statements

Capital Leases in Financial Statements of Lessee Disclosure [Text Block]

6

.

Capital Leases

	Current Portion 2016		Total March 31, 2016		Total March 31, 2015
Capital lease obligation on MIS computer equipment and software, payable in monthly installments of $2,059 including interest at approximately 1.04% per annum through December, 2017.	$	24,710	$	39,124	$	-
Capital lease obligation on IT computer equipment and software, payable in monthly installments of $3,888 including interest at approximately 9.83% per annum, through February, 2021.		29,917		178,911		-
	$	54,627		218,035		-
Less current portion				54,627		-
			$	163,408	$	-

The cost of fixed assets related to the capital leases is $233,115 which approximates book value at March 31, 2016.