Annual report pursuant to Section 13 and 15(d)

10. Capital Lease Obligations

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10. Capital Lease Obligations
12 Months Ended
Dec. 31, 2015
Debt Disclosure [Abstract]  
Capital Lease Obligations

The Company leases various assets under capital leases expiring in 2020 as follows:

 

    December 31     December 31  
    2015     2014  
Medical equipment   $ 5,663,332     $ 4,024,449  
Less accumulated depreciation     (2,093,920 )     (883,015 )
                 
Net   $ 3,569,412     $ 3,141,434  

 

Depreciation expense on assets under capital leases was $1,210,905 and $518,289 for the years ended December 31, 2015 and 2014, respectively. 

 

Aggregate future minimum rentals under capital leases are as follows:

 

December 31,        
2016   $ 1,540,946  
2017     1,432,542  
2018     845,330  
2019     217,412  
2020     32,611  
Total     4,068,841  
Less interest     350,962  
Present value of minimum lease payments     3,717,879  
Less current portion of capital lease obligations     1,323,708  
         
Capital lease obligations, net of current portion   $ 2,394,171