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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) $ (806,984) $ 786,252
Adjustments to reconcile net income (loss) to net cash provided (used) by operating activities    
Depreciation and amortization 224,241 220,150
Accretion of asset retirement obligation 3,368 1,732
Common stock payable for directors fees 0 28,125
Write-down of inventory to net realizable value 246,792 0
Changes in operating assets and liabilities:    
Accounts receivable (919,819) (584,539)
Inventories (481,940) 28,440
Prepaid expenses and other current assets (141,852) 0
IVA receivable and other assets (173,275) (41,023)
Accounts payable 206,849 (278,178)
Accrued liabilities (31,727) 2,944
Accrued liabilities - directors and related parties 19,746 0
Royalties payable (419,191) 0
Net cash provided (used) by operating activities (2,273,792) 163,903
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of properties, plants and equipment (614,770) (188,541)
Net cash used by investing activities (614,770) (188,541)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal payments of long-term debt (23,022) (4,057)
Dividends paid (787,730) 0
Net cash used by financing activities (810,752) (4,057)
NET DECREASE IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH (3,699,314) (28,695)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 19,117,666 21,420,329
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 15,418,352 21,391,634
NON-CASH FINANCING AND INVESTING ACTIVITIES:    
Share retirement 202,980 0
Conversion of Preferred Series D to Common Stock $ 16,927 $ 0