Quarterly report pursuant to Section 13 or 15(d)

Capital Lease Obligation (Tables)

v3.7.0.1
Capital Lease Obligation (Tables)
9 Months Ended
Mar. 31, 2017
Leases, Capital [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:
 
Fiscal period ending on:
 
Principal
 
Interest
 
Total
 
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
 
March 31, 2022
 
 
242,911
 
 
1,857,089
 
 
2,100,000
 
Thereafter
 
 
24,257,788
 
 
34,542,212
 
 
58,800,000
 
 
 
 
 
 
 
 
 
 
 
 
Total minimum lease payments
 
 
25,308,351
 
$
43,991,649
 
$
69,300,000
 
Less: current portion
 
 
(179,693)
 
 
 
 
 
 
 
Long-term portion of minimum lease obligations
 
$
25,128,658