NOTE 7 - CAPITAL LEASE OBLIGATIONS
|12 Months Ended|
Dec. 31, 2015
|Leases, Capital [Abstract]|
|Capital Leases in Financial Statements of Lessee Disclosure [Text Block]||
NOTE 7 – CAPITAL LEASE OBLIGATIONS
The Company has entered into lease commitments for equipment that meet the requirements for capitalization. The equipment has been capitalized and is included property and equipment, net in the accompanying balance sheets. The related obligations are based upon the present value of the future minimum lease payments with interest rates ranging from 8.5% to 12.5%.
At December 31, 2015, future payments under capital leases are as follows:
The entire disclosure for capital leasing arrangements including, but not limited to, the following: a) the basis on which contingent rental payments are determined; (b) the existence and terms of renewal or purchase options and escalation clauses; (c) restrictions imposed by lease agreements, such as those concerning dividends, additional debt, and further leasing.
Reference 1: http://www.xbrl.org/2003/role/presentationRef