XML 23 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
7. INTEREST AND TAXES PAID
6 Months Ended
Jun. 30, 2016
Other Income and Expenses [Abstract]  
NOTE 7. INTEREST AND TAXES PAID

Income taxes – The Company paid $74,000 and $139,000 in income taxes for the three months ended June 30, 2016 and 2015, respectively. The Company paid $449,250 and $240,550 in income taxes for the six months ended June 30, 2016 and 2015, respectively.

 

Interest - The Company paid $72,964 and $79,217 for the three months ended June 30, 2016 and 2015, respectively, in interest on long-term debt and revolving line of credit. The Company paid $146,467 and $156,810 for the six months ended June 30, 2016 and 2015, respectively, in interest on long-term debt and revolving line of credit.