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

Income taxes – The Company paid $291,000 and $408,000 in income taxes for the three months ended September 30, 2015 and 2014, respectively.  The Company paid $531,550 and $661,550 in income taxes for the nine months ended September 30, 2015 and 2014, respectively.

 

Interest - The Company paid $76,930 and $81,613 for the three months ended September 30, 2015 and 2014, respectively, in interest on long-term debt and revolving line of credit.  The Company paid $233,585 and $203,871, net of capitalized interest of $46,914, for the nine months ended September 30, 2015 and 2014, respectively, in interest on long-term debt and revolving line of credit.