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7. INTEREST AND TAXES PAID
6 Months Ended
Jun. 30, 2015
Other Income and Expenses [Abstract]  
NOTE 7. INTEREST AND TAXES PAID

Income taxes – The Company paid $139,000 and $139,000 in income taxes for the three months ended June 30, 2015 and 2014, respectively.  The Company paid $240,550 and $253,550 in income taxes for the six months ended June 30, 2015 and 2014, respectively.

 

Interest - The Company paid $79,217 and $62,810, net of capitalized interest of $23,574, for the three months ended June 30, 2015 and 2014, respectively, in interest on long-term debt and revolving line of credit.  The Company paid $156,810 and $122,258, net of capitalized interest of $46,914, for the six months ended June 30, 2015 and 2014, respectively, in interest on long-term debt and revolving line of credit.