Annual report pursuant to Section 13 and 15(d)

Capital Lease Obligation (Tables)

v3.7.0.1
Capital Lease Obligation (Tables)
12 Months Ended
Jun. 30, 2017
Table Text Block Supplement [Abstract]  
Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block]
Future minimum payments under the capitalized lease obligations are due as follows:
 
Year Ending:
 
Principal
 
Interest
 
Total
 
2018
 
$
183,110
 
$
1,916,890
 
$
2,100,000
 
2019
 
 
197,443
 
 
1,902,557
 
 
2,100,000
 
2020
 
 
212,898
 
 
1,887,102
 
 
2,100,000
 
2021
 
 
229,562
 
 
1,870,438
 
 
2,100,000
 
2022
 
 
247,531
 
 
1,852,469
 
 
2,100,000
 
Thereafter
 
 
24,194,146
 
 
34,080,854
 
 
58,275,000
 
 
 
 
 
 
 
 
 
 
 
 
Total minimum lease payments
 
 
25,264,690
 
$
43,510,310
 
$
68,775,000
 
Less: current portion
 
 
(183,110)
 
 
 
 
 
 
 
Long-term portion of minimum lease obligations
 
$
25,081,580