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5. INTEREST AND TAXES PAID
6 Months Ended
Jun. 30, 2020
Other Income and Expenses [Abstract]  
NOTE 5. INTEREST AND TAXES PAID

Income taxes – The Company paid no tax and $379,250 in income taxes for the three months ended June 30, 2020 and 2019, respectively. The Company paid no tax and $379,250 in income taxes for the six months ended June 30, 2020 and 2019, respectively.

 

Interest – The Company paid $101,288 and $109,009 for the three months ended June 30, 2020 and 2019, respectively, in interest on long-term debt. The Company paid $204,455 and $217,719 for the six months ended June 30, 2020 and 2019, respectively, in interest on long-term debt.