Quarterly report pursuant to Section 13 or 15(d)

7. Capital Lease Obligations

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7. Capital Lease Obligations
3 Months Ended
Mar. 31, 2017
Debt Disclosure [Abstract]  
Capital Lease Obligations

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

 

    March 31,     December 31,  
    2017     2016  
             
Medical equipment   $ 4,497,025     $ 4,497,025  
Less accumulated depreciation     (3,069,139 )     (2,809,511 )
                 
Net   $ 1,427,886     $ 1,687,514  

 

Aggregate future minimum rentals under capital leases are as follows:

 

Year ended December 31,      
2017 (April through December)   $ 965,811  
2018     1,427,375  
2019     377,919  
2020     32,611  
Total     2,803,716  
         
Less interest     144,584  
Present value of minimum lease payments     2,659,132  
         
Less current portion of capital lease obligations     1,271,860  
Capital lease obligations, net of current portion   $ 1,387,272