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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash flows from operating activities:    
Net income $ 7,291,559 $ 6,857,988
Adjustments to reconcile net income to net cash (used in)/provided by operating activities:    
Depreciation 519,765 82,180
Amortization 550,800 1,224,684
Unrealized currency gain (76,765)
Bad debt expense (207,261) 244,685
Inventory excess and obsolescence expense 12,234 211,822
Stock-based compensation expense 13,400,581 4,718,699
Gain on China transaction (384,493)
Gain on lease cancellations (14,669) (152,112)
Changes in operating assets and liabilities:    
Accounts receivable-net (28,307,104) (9,031,438)
Inventory-net (103,920,057) (598,665)
Prepaid expenses and other current assets (8,202,588) (561,752)
Accounts payable and accrued expenses 66,694,568 824,964
Other assets (185,716) 43,259
Other liabilities 532,395 213,764
Deferred Tax Liability-net (182,156)
Change in right-of-use asset and lease liability-net 30,465 149,925
Net cash (used in)/provided by operating activities (52,063,949) 3,843,510
Cash flows from investing activities:    
Proceeds from note receivable 1,885,724 1,331,011
Purchase of property and equipment (2,395,302) (416,671)
Net cash (used in)/provided by investing activities (509,578) 914,340
Cash flows from financing activities:    
Principal payments on finance lease obligations (72,386) (259,231)
Proceeds from capital raise 67,769,386 21,983,116
Proceeds from exercise of stock options 3,242,073 2,296,343
Net cash provided by financing activities 70,939,073 24,020,228
Effect on exchange rate changes on cash and cash equivalents (236,365) 289,338
Net increase in cash and cash equivalents 18,129,181 29,067,416
Cash and cash equivalents at beginning of the period 43,248,021 23,090,682
Cash and cash equivalents at end of the period 61,377,202 52,158,098
Cash paid during period for:    
Interest 5,364 299,394
Taxes 398,326
Non-cash investing and financing activities:    
Goodwill 395,515
Other liabilities $ (395,515)