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INTEREST AND TAXES PAID
9 Months Ended
Sep. 30, 2022
Other Income and Expenses [Abstract]  
INTEREST AND TAXES PAID

5) INTEREST AND TAXES PAID

 

Income taxes – The Company paid zero and $245,000 in income taxes for the three months ended September 30, 2022 and 2021, respectively. The Company paid $502,000 and $285,000 in income taxes for the nine months ended September 30, 2022 and 2021, respectively.

 

Interest – The Company paid $88,102 and $93,234 for the three months ended September 30, 2022 and 2021, respectively, in interest on long-term debt. The Company paid $263,326 and $284,017 for the nine months ended September 30, 2021 and 2020, respectively, in interest on long-term debt.