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Unaudited Condensed Consolidated Statements of Cash Flows - USD ($)
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income $ 2,055,068 $ 23,594,786
Adjustments to reconcile net income to net cash (used in) provided by operating activities:    
Depreciation of property and equipment 4,697,717 2,592,244
Amortization of intangible assets 4,295,958 2,269,423
Amortization of finance lease right-of-use assets 2,822,982 2,391,989
Loss (gain) on disposal of assets 163,452 (42,667)
Deferred tax asset 1,049,236 0
Loss (gain) on equity method investments 301,362 (99,840)
Bad debt expense (311,441) 2,702,979
Stock-based compensation 15,161,847 4,616,056
Gain on remeasurement of finance leases (4,834) (1,388,273)
Loss on liquidation of business 70,284 0
Gain on remeasurement of warrant liabilities 0 (1,137,070)
Change in fair value of contingent consideration (159,974) 0
Changes in operating assets and liabilities:    
Accounts receivable (103,483,997) 2,894,650
Prepaid expenses and other current assets (336,093) (282,668)
Other assets 696,984 882,432
Accounts payable (12,640,920) (3,983,383)
Accrued liabilities 27,319,258 2,596,887
Net cash (used in) provided by operating activities (58,303,111) 37,607,545
CASH FLOWS FROM INVESTING ACTIVITIES:    
Acquisition of property and equipment (4,360,807) (1,994,161)
Acquisition of intangibles (2,478,808) (1,956,434)
Acquisition of businesses (20,203,464) (33,843,373)
Equity method investments (150,510) 0
Proceeds from disposal of property and equipment 274,210 0
Net cash (used in) investing activities (26,919,379) (37,793,968)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from revolving credit line 0 1,000,000
Repayments of notes payable (529,583) (585,711)
Due to seller (8,417,936) (1,007,800)
Noncontrolling interest contributions 0 2,063,000
Proceeds from exercise of stock options 1,549,298 1,880,568
Payments for taxes related to shares withheld for employee taxes (2,166,982) 0
Common stock repurchased 0 (497,759)
Equity costs 0 (19,570)
Payments on obligations under finance lease (2,293,330) (2,146,857)
Net cash (used in) provided by financing activities (11,858,533) 685,871
Effect of exchange rate changes on cash and cash equivalents 227,887 (252,854)
Net (decrease) increase in cash and restricted cash (96,853,136) 246,594
Cash and restricted cash at beginning of period 164,109,074 179,105,730
Cash and restricted cash at end of period 67,255,938 179,352,324
Supplemental disclosure of cash and non-cash transactions:    
Cash paid for interest 179,430 102,203
Cash paid for interest on finance lease liabilities 394,443 434,580
Cash paid for income taxes 4,223,810 917,445
Right-of-use assets obtained in exchange for lease liabilities 2,407,938 4,094,731
Fixed assets acquired in exchange for notes payable 1,369,060 819,231
Receivable exchanged for trade credits 1,500,000 0
Reconciliation of cash and restricted cash    
Cash 52,922,517 169,598,749
Restricted cash 14,333,421 9,753,575
Total cash and restricted cash shown in statement of cash flows 67,255,938 179,352,324
FMC NA    
Supplemental disclosure of cash and non-cash transactions:    
Acquisition of remaining FMC NA through due to seller and issuance of stock 7,000,000 0
CRMS    
Supplemental disclosure of cash and non-cash transactions:    
Acquisition of remaining FMC NA through due to seller and issuance of stock $ 1,000,000 $ 0