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INTEREST AND TAXES PAID
9 Months Ended
Sep. 30, 2023
Other Income and Expenses [Abstract]  
INTEREST AND TAXES PAID

5) INTEREST AND TAXES PAID

 

Income taxes – The Company paid zero in income taxes for the three months ended September 30, 2023 and 2022. The Company received $19,456 and paid $502,000 in income taxes for the nine months ended September 30, 2023, and 2022, respectively.

 

Interest – The Company paid $99,861 and $88,102 for the three months ended September 30, 2023 and 2022, respectively, in interest on short and long-term debt. The Company paid $286,045 and $263,326 for the nine months ended September 30, 2023 and 2022, respectively, in interest on short and long-term debt.