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CONSOLIDATED STATEMENTS OF MEZZANINE AND SHAREHOLDERS' EQUITY - USD ($)
Total
APC
Affiliated Entity
Common Stock Outstanding
Additional Paid-in Capital
Retained Earnings (Accumulated Deficit)
Noncontrolling Interest
Mezzanine Equity – Noncontrolling Interest in APC
Noncontrolling Interest
Balance at beginning at Dec. 31, 2016 $ 87,587,720   $ 25,068 $ 87,954,346 $ (773,311) $ 381,617 $ 162,855,554
Balance at beginning (in shares) at Dec. 31, 2016     25,067,953        
Increase (Decrease) in Stockholders' Equity              
Net income 27,352,116       25,801,842 1,550,274 18,472,212
Shares repurchased (1,652,286)   $ (133) (1,652,153)     (1,523,550)
Shares repurchased (in shares)     (132,752)        
Shares issued for cash and exercise of options 2,059,533   $ 233 2,059,300     266,000
Shares issued for cash and exercise of options (in shares)     232,254        
Share-based compensation 1,933,588     1,933,588     809,528
Distribution of derivative assets - warrants (5,294,000)       (5,294,000)    
Noncontrolling interest capital change 859,430         859,430  
Dividends (19,697,923)       (18,000,000) (1,697,923) (8,750,000)
Reclassification of liability for unissued shares to equity 1,237,650   $ 508 1,237,142      
Reclassification of liability for unissued shares to equity (in shares)     508,135        
Effect of share exchange in Merger 64,421,383   $ 6,109 61,273,274   3,142,000  
Effect of share exchange in Merger (in shares)     6,109,205        
Shares issued upon conversion of Alliance Note 5,376,215   $ 520 5,375,695      
Shares issued upon conversion of Alliance Note (in shares)     520,081        
Balance at ending at Dec. 31, 2017 164,183,426   $ 32,305 158,181,192 1,734,531 4,235,398 172,129,744
Balance at ending (in shares) at Dec. 31, 2017     32,304,876        
Balance at beginning at Dec. 31, 2016 87,587,720   $ 25,068 87,954,346 (773,311) 381,617 162,855,554
Balance at beginning (in shares) at Dec. 31, 2016     25,067,953        
Balance at ending at Dec. 31, 2018 181,544,152   $ 34,578 162,723,051 17,788,203 998,320 225,117,029
Balance at ending (in shares) at Dec. 31, 2018     34,578,040        
Balance at beginning at Dec. 31, 2017 164,183,426   $ 32,305 158,181,192 1,734,531 4,235,398 172,129,744
Balance at beginning (in shares) at Dec. 31, 2017     32,304,876        
Increase (Decrease) in Stockholders' Equity              
Net income $ 12,377,614       10,835,002 1,542,612 47,889,877
Shares issued for cash and exercise of options (in shares) 488,464            
Purchase price adjustment from Merger $ 868,000     868,000      
Repurchase of treasury shares 432,113   $ (168) (3,783,921) 4,216,202   (1,263,554)
Repurchase of treasury shares (in shares)     (168,493)        
Shares issued for exercise of options and warrants 3,996,680   $ 884 3,995,796     200,000
Shares issued for exercise of options and warrants (in shares)     884,259        
Share-based compensation 631,561   $ 37 631,524     809,528
Share-based compensation (in shares)     37,593        
Distribution of derivative assets - warrants 0            
Noncontrolling interest capital change 27,500         27,500  
Dividends (1,975,010)         (1,975,010) (2,000,000)
Acquisition of additional shares in consolidated entity (200)     2,831,980   (2,832,180)  
Release of 50% holdback shares     $ 1,520 (1,520)      
Release of 50% holdback shares (in shares)     1,519,805        
Balance at ending at Dec. 31, 2018 181,544,152   $ 34,578 162,723,051 17,788,203 998,320 225,117,029
Balance at ending (in shares) at Dec. 31, 2018     34,578,040        
Increase (Decrease) in Stockholders' Equity              
Net income $ 15,865,570       14,116,545 1,749,025 1,807,747
Shares issued for cash and exercise of options (in shares) 241,214            
Repurchase of treasury shares $ (7,286,385)   $ (601) (7,285,784)     (283,300)
Repurchase of treasury shares (in shares)     (601,581)        
Shares issued for exercise of options and warrants 3,233,242   $ 418 3,232,824      
Shares issued for exercise of options and warrants (in shares)     418,619        
Share-based compensation 939,715   $ 2 939,713     607,146
Share-based compensation (in shares)     1,599        
Distribution of derivative assets - warrants 0            
Noncontrolling interest capital change 27,500         27,500  
Stock subscription             754,998
Shares issued in connection with business acquisition             414,250
Cost of equity issuance of preferred shares             (878,309)
Dividends $ (1,988,646) $ (8,900,000)       (1,988,646) (60,000,000)
Effect of share exchange in Merger (in shares) 535,392            
Reclassification of options liability to equity             1,185,025
Release of 50% holdback shares     $ 1,511 (1,511)      
Release of 50% holdback shares (in shares)     1,511,380        
Balance at ending at Dec. 31, 2019 $ 192,335,148   $ 35,908 $ 159,608,293 $ 31,904,748 $ 786,199 $ 168,724,586
Balance at ending (in shares) at Dec. 31, 2019     35,908,057