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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Net income $ 3,281,251 $ 274,341
Adjustments to reconcile net income to net cash provided by operating activities    
Depreciation and amortization 1,631,609 1,989,761
Unrealized gain on marketable equity securities (1,566,731) (155,139)
Amortization of loan procurement costs 169,868 199,797
Stock-based compensation 194,372 126,035
Changes in operating assets and liabilities:    
Accounts receivable (14,120) 57,557
Prepaid expenses and other assets (191,764) (26,314)
Accounts payable and accrued expenses 138,267 (468,710)
Net cash provided by operating activities 3,642,752 1,997,328
Cash flows from investing activities    
Improvements and equipment additions (253,142) (203,077)
Construction   (1,404,269)
Net cash used in investing activities (253,142) (1,607,346)
Cash flows from financing activities    
Issuance of common stock, net of expenses 6,215,234  
Line of credit (repayment) borrowing (5,144,000) 230,000
Principal payments on note payable (512,067) (491,081)
Line of credit issuance costs (231,926)  
Dividends paid (2,608,595) (2,427,023)
Net cash used in financing activities (2,281,354) (2,688,104)
Net increase (decrease) in cash, cash equivalents, and restricted cash 1,108,256 (2,298,122)
Cash, cash equivalents, and restricted cash, beginning of period 1,955,443 4,253,565
Cash, cash equivalents, and restricted cash, end of period 3,063,699 1,955,443
Supplemental cash flow and noncash information    
Cash paid for interest 881,759 996,904
Supplemental disclosure of noncash activities:    
Dividends payable $ 3,056 $ 358