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INTEREST AND TAXES PAID
3 Months Ended
Mar. 31, 2012
Notes to Financial Statements  
INTEREST AND TAXES PAID

6) INTEREST AND TAXES PAID

 

The Company paid $83,132 and $ 110,042 in payroll tax for the three month periods ending March 31, 2012 and 2011, respectively, a decrease of $26,910, or 24.4%. The decrease was due to the reduction in staffing of Bacchus Distribution employee head count as well as G&A employee headcount. The Company paid $39,120 and $ 49,177 for the three months ended March 31, 2012 and March 31, 2011 respectively in interest on the long-term debt and revolving credit line, a decrease of $10,057, or 20.4%.