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INTEREST AND TAXES PAID
9 Months Ended
Sep. 30, 2011
Notes to Financial Statements 
INTEREST AND TAXES PAID

 

For the three months ended September 30, 2011, the Company paid $60,689 in payroll tax, a decrease of $46,712, or 43.5% in comparison with the corresponding prior year period. The large decrease was due to a refund in the third quarter of an overpayment of prior period payroll taxes. For the nine months ended September 30, 2011, the Company paid $273,141 in payroll tax, a decrease of $46,711 or 14.6% in comparison with the corresponding prior year period. For the three months ended September 30, 2011, the Company paid $51,480 in interest on the long-term debt and revolving credit line, a decrease of $1,785, or 3.4% in comparison with the corresponding prior year period. For the nine months ended September 30, 2011, the Company paid $150,026 in interest on the long-term debt and revolving credit line, a decrease of 12,936, or 7.9% in comparison with the corresponding prior year period.