Quarterly report pursuant to Section 13 or 15(d)

Capital Leases Payable (Tables)

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Capital Leases Payable (Tables)
9 Months Ended
Sep. 30, 2017
Capital Leases Payable [Abstract]  
Summary of capital leases payable
   

September 30,

2017

    December 31,
2016
 
    (unaudited)        
             
Capital lease payable to De Lange Landon secured by forklift, 10.0% interest, due on October 1, 2018, monthly payment of $452.   $ 6,000     $ 10,000  
Capital lease payable to Dell Computers secured by computer equipment, 15.09% interest, due on November 22, 2017, monthly payment of $394.     1,000       4,000  
Capital lease payable to Dell Computers secured by computer equipment, 4.99% interest, due on May 1, 2020, monthly payment of $716.     23,000        
Total capital leases   $ 30,000     $ 14,000  
Less: current portion     (15,000 )     (10,000 )
Long-term portion of capital leases   $ 15,000     $ 4,000  
Summary of capital lease future minimum leases payments
    Year Ending December 31,   Amount  
    2017   $ 7,000  
    2018     12,000  
    2019     8,000  
    2020     5,000  
Net minimum lease payments       $ 32,000  
Less: Amount representing interest         (2,000 )
Less: Taxes          
Present value of net minimum lease payments       $ 30,000  
Less: Current maturities of capital lease payables         (15,000 )
Long-term capital lease payables       $ 15,000