Capital Lease Obligation

12 Months Ended

Dec. 31, 2013

Capital Lease Obligations [Abstract]

NOTE 9 - CAPITAL LEASE OBLIGATION

In 2011, the Company entered into a non-cancelable capital lease agreement with expiration date of June 3, 2014. The asset and liability under the capital lease are recorded at the lower of the present value of the minimum lease payments or the fair value of the asset. The asset and future obligations related to the capital lease are included in the accompanying consolidated balance sheets in property and equipment and capital lease obligations, respectively. The Company paid off the capital lease obligation in the third quarter of 2013. At December 31, 2013 and 2012, capital lease obligations consisted of the following:

	December 31, 2013		December 31, 2012
Capital lease obligation - current portion	$	-	$	251,413
Capital lease obligation - long-term portion		-		132,756
	$	-	$	384,169