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CAPITAL LEASE OBLIGATIONS
9 Months Ended
Sep. 30, 2016
Capital Lease Obligations [Abstract]  
CAPITAL LEASE OBLIGATIONS

 The Company had equipment under two capital lease obligations that expired as of June 2016. The assets and liabilities under capital leases are recorded at the lower of the present value of the minimum lease payments or the fair values of the assets. There were no remaining payments due under these capital leases as of September 30, 2016.

 

The implied interest rates related to these capital leases range from 7.4% to 8.9%. The gross book value and the net book value of the related assets are approximately $77,000 and $1,000, respectively, as of September 30, 2016, and $77,000 and $21,000, respectively, as of December 31, 2015.