| Schedule of Future Minimum Lease Payments for Capital Leases |
Future minimum payments under the capitalized lease obligations are due as follows:
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Year ending on June 30:
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Principal
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Interest
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Total
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2020
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$
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212,898
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$
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1,887,102
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$
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2,100,000
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2021
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229,562
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1,870,438
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2,100,000
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2022
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247,531
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1,852,469
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2,100,000
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2023
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266,906
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1,833,094
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2,100,000
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2024
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287,798
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1,812,202
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2,100,000
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Thereafter
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23,639,442
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30,435,558
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54,075,000
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Total minimum lease payments
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24,884,137
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$
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39,690,863
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$
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64,575,000
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Less: current portion
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(212,898)
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Long-term portion of minimum lease obligations
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$
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24,671,239
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