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

Income taxes – The Company paid $578,000 and $163,000 in income taxes for the three months ended September 30, 2020 and 2019, respectively. The Company paid $578,000 and $542,250 in income taxes for the nine months ended September 30, 2020 and 2019, respectively.

 

Interest – The Company paid $90,165 and $106,996 for the three months ended September 30, 2020 and 2019, respectively, in interest on long-term debt. The Company paid $294,620 and $324,715 for the nine months ended September 30, 2020 and 2019, respectively, in interest on long-term debt.