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6. INTEREST AND TAXES PAID
9 Months Ended
Sep. 30, 2012
Other Income and Expenses [Abstract]  
NOTE 6. INTEREST AND TAXES PAID

Income taxes – The Company paid $158,000 and $0 in income taxes for the three months ended September 30, 2012 and 2011, respectively.  The company paid $238,000 and $0 in income taxes for the nine months ended September 30, 2012 and 2011, respectively.

 

Interest - The Company paid $86,180 and $51,480 for the three months ended September 30, 2012 and 2011, respectively, in interest on the long-term debt and revolving credit line.  The Company paid $167,969 and $150,026 for the nine months ended September 30, 2012 and 2011, respectively, in interest on the long-term debt and revolving credit line.