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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Condensed Consolidated Statements of Cash Flows (Unaudited)    
Net cash provided by/(used in) operating activities $ 561,300 $ (1,104,600)
Investing activity-    
Proceeds from sale of aircraft and Part-out Assets held for sale, net of re-sale fees 11,796,100 3,167,500
Net cash provided by investing activity 11,796,100 3,167,500
Financing activities:    
Repayment of notes payable - MUFG Credit Facility and Drake Indebtedness (14,210,700) (1,165,000)
Repayment of notes payable - Nord Loans (703,100) (1,334,700)
Issuance of notes payable - PPP Loan 170,000 276,400
Debt issuance costs (5,200) (1,707,000)
Net cash used in financing activities (14,749,000) (3,930,300)
Net decrease in cash, cash equivalents and restricted cash (2,391,600) (1,867,400)
Cash, cash equivalents and restricted cash, beginning of period 5,100,900 3,427,100
Cash, cash equivalents and restricted cash, end of period 2,709,300 1,559,700
Cash and cash equivalents 2,709,300 1,559,700
Restricted cashes 0 28,400
Total cash, cash equivalents and restricted cash shown in the statement of cash flows $ 2,709,300 $ 1,531,300