Sonnet BioTherapeutics, Inc. Quarterly report pursuant to Section 13 or 15(d)

Quarterly report pursuant to Section 13 or 15(d)

Capital Leases Payable - Schedule of Lease Payments for Capital Leases (Details)

Capital Leases Payable - Schedule of Lease Payments for Capital Leases (Details) (USD $)	Mar. 31, 2015	Dec. 31, 2014
Capital Leases Payable [Line Items]
Total capital leases payable	$ 110,394us-gaap_CapitalLeaseObligations	$ 78,660us-gaap_CapitalLeaseObligations
Current maturities	54,946us-gaap_CapitalLeaseObligationsCurrent	42,032us-gaap_CapitalLeaseObligationsCurrent
Capital leases payable, less current maturities	55,449	36,628
Capital lease payable, bearing interest at 10%. through August 2017 [Member]
Capital Leases Payable [Line Items]
Total capital leases payable	9,275	10,502
Capital lease payable, bearing interest at 11.5%, through December 2017 [Member]
Capital Leases Payable [Line Items]
Total capital leases payable	45,189
Capital lease payable, bearing interest at 11.5%, through July 2016 [Member]
Capital Leases Payable [Line Items]
Total capital leases payable	21,744	26,489
Capital lease payable, bearing interest at 11.5%, through November 2016 [Member]
Capital Leases Payable [Line Items]
Total capital leases payable	34,186	40,336
Capital lease payable, bearing interest at 10%, through March 2015 [Member]
Capital Leases Payable [Line Items]
Total capital leases payable		$ 1,333

- Definition

Amount equal to the present value (the principal) at the beginning of the lease term of minimum lease payments during the lease term (excluding that portion of the payments representing executory costs such as insurance, maintenance, and taxes to be paid by the lessor, together with any profit thereon) net of payments or other amounts applied to the principal, through the balance sheet date and due to be paid more than one year (or one operating cycle, if longer) after the balance sheet date.

+ References + Details