Schedule of Future Minimum Lease Payments for Capital Leases [Table Text Block] |
Future minimum payments under the capitalized lease obligations are due as follows: Fiscal period ending on: | | Principal | | Interest | | Total | | March 31, 2017 | | $ | 166,649 | | $ | 1,933,351 | | $ | 2,100,000 | | March 31, 2018 | | | 179,693 | | | 1,920,307 | | | 2,100,000 | | March 31, 2019 | | | 193,758 | | | 1,906,242 | | | 2,100,000 | | March 31, 2020 | | | 208,924 | | | 1,891,076 | | | 2,100,000 | | March 31, 2021 | | | 225,277 | | | 1,874,723 | | | 2,100,000 | | Thereafter | | | 24,500,699 | | | 36,399,301 | | | 60,900,000 | | | | | | | | | | | | | Total minimum lease payments | | | 25,475,000 | | $ | 45,925,000 | | $ | 71,400,000 | | Less: current portion | | | (166,649) | | | | | | | | Long-term portion of minimum lease obligations | | $ | 25,308,351 | | | | | | | |
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