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7. INTEREST AND TAXES PAID
9 Months Ended
Sep. 30, 2016
Other Income and Expenses [Abstract]  
NOTE 7. INTEREST AND TAXES PAID

Income taxes – The Company paid $0 and $291,000 in income taxes for the three months ended September 30, 2016 and 2015, respectively. The Company paid $464,250 and $531,550 in income taxes for the nine months ended September 30, 2016 and 2015, respectively.

 

Interest - The Company paid $71,683 and $76,930 for the three months ended September 30, 2016 and 2015, respectively, in interest on long-term debt and revolving line of credit. The Company paid $218,150 and $233,585 for the nine months ended September 30, 2016 and 2015, respectively, in interest on long-term debt and revolving line of credit.