Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

19. Finance Leases (Tables)

v3.8.0.1
19. Finance Leases (Tables)
12 Months Ended
Dec. 31, 2017
Finance Leases  
Schedule of future minimum lease payments

Future minimum lease payments due are as follows:

 

2017   Minimum
lease
payments
    Interest     Present
value
 
                   
Less than one year   $ 2,180,616     $ 1,049,434     $ 1,131,182  
Later than one year and not later than five years     7,236,202       3,231,225       3,967,793  
Later than five years     16,296,170       3,115,542       13,180,628  
Total   $ 25,712,988     $ 7,396,201     $ 18,279,603  

 

2016   Minimum
lease
payments
    Interest     Present
value
 
                   
Less than one year   $ 1,920,618     $ 998,984     $ 921,634  
Later than one year and not later than five years     6,739,259       3,156,663       3,582,596  
Later than five years     16,073,358       3,600,982       12,472,376  
Total   $ 24,733,235     $ 7,756,629     $ 16,976,606  

 

2015   Minimum
lease
payments
    Interest     Present
value
 
                   
Less than one year   $ 3,514,879     $ 1,658,525     $ 1,856,354  
Later than one year and not later than five years     5,952,787       3,426,567       2,526,220  
Later than five years     18,934,300       4,942,163       13,992,137  
Total   $ 28,401,966     $ 10,027,255     $ 18,374,711  
Schedule of present value of the future minimum lease payments

The present value of the future minimum lease payments are categorized as follows:

 

    2017     2016     2015  
                   
Current liabilities   $ 1,131,182     $ 921,634     $ 1,856,354  
Non-current liabilities     17,148,421       16,054,972       16,518,357  
Total   $ 18,279,603     $ 16,976,606     $ 18,374,711