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

Income taxes – The Company paid $408,000 and $327,000 in income taxes for the three months ended September 30, 2014 and 2013, respectively.  The Company paid $661,550 and $551,700 in income taxes for the nine months ended September 30, 2014 and 2013, respectively.

 

Interest - The Company paid $81,613 and $61,635 for the three months ended September 30, 2014 and 2013, respectively, in interest on long-term debt.  The Company paid $203,871, net of capitalized interest of $46,914, and $184,843 for the nine months ended September 30, 2014 and 2013, respectively, in interest on the long-term debt and revolving credit line.