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7. INTEREST AND TAXES PAID
6 Months Ended
Jun. 30, 2014
Other Income and Expenses [Abstract]  
NOTE 7. INTEREST AND TAXES PAID

Income taxes – The Company paid $139,000 and $137,300 in income taxes for the three months ended June 30, 2014 and 2013, respectively.  The Company paid $253,550 and $224,700 in income taxes for the six months ended June 30, 2014 and 2013, respectively.

 

Interest - The Company paid $62,810, net of capitalized interest of $23,574, and $63,866 for the three months ended June 30, 2014 and 2013, respectively, in interest on the long-term debt and revolving credit line. The Company paid $122,258, net of capitalized interest of $46,914, and $123,208 for the six months ended June 30, 2014 and 2013, respectively, in interest on the long-term debt and revolving credit line.