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UNAUDITED CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
Dec. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net income (loss) $ 10,603,379 $ (3,918,790)  
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Depreciation of property and equipment 1,431,308 1,482,610  
Amortization of intangible assets 1,694,983 1,365,636  
Amortization of finance lease right-of-use assets 1,056,490 801,083  
(Gain) loss on disposal of assets (52,835) 54,839  
Deferred income tax (55,776) (1,015,555)  
Loss on equity method investments 83,167 115,286  
Bad debt expense 1,357,621 (1,902,587)  
Stock-based compensation 3,988,339 8,450,016  
Loss on remeasurement of operating and finance leases 4,697 0  
Gain on liquidation of business 0 70,284  
Change in fair value of contingent liability (6,446) 0  
Changes in operating assets and liabilities:      
Accounts receivable (22,401,596) (24,668,050)  
Prepaid expenses and other current assets 6,728,337 (174,059)  
Other assets (62,016) 274,683  
Accounts payable 5,800,891 (2,581,796)  
Accrued liabilities (20,810,287) (1,471,551)  
Net cash used in operating activities (10,639,744) (23,117,951)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Acquisition of property and equipment (951,702) (1,976,075)  
Acquisition of intangibles (773,039) (1,405,444)  
Acquisition of businesses 0 1,574,604  
Proceeds from disposal of property and equipment 25,000 117,420  
Net cash used in investing activities (1,699,741) (1,689,495)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from revolving credit line 45,000,000 0  
Repayments of revolving credit line (40,000,000) 0  
Repayments of notes payable (9,624) (129,370)  
Due to seller (3,862) (11,494,549)  
Proceeds from exercise of stock options 0 416,890  
Payments for taxes related to shares withheld for employee taxes (20,946) 0  
Common stock repurchased (4,877,559) 0  
Payments on obligations under finance lease (969,588) (744,030)  
Net cash used in financing activities (881,579) (11,951,059)  
Effect of exchange rate changes on cash and cash equivalents (103,059) 168,149  
Net decrease in cash and restricted cash (13,324,123) (36,590,356)  
Cash and restricted cash at beginning of period 72,217,986 164,109,074 $ 164,109,074
Cash and restricted cash at end of period 58,893,863 127,518,718 72,217,986
Supplemental disclosure of cash and non-cash transactions:      
Cash paid for interest 448,057 32,827  
Cash paid for interest on finance lease liabilities 181,883 126,584  
Cash paid for income taxes 557,598 40,050  
Right-of-use assets obtained in exchange for lease liabilities 2,791,964 926,468  
Remeasurement of finance lease right-of-use asset due to lease modification 300,000 0  
Fixed assets acquired in exchange for notes payable 0 150,079  
Supplemental non-cash investing activity:      
Acquisition of business funded by acquisition payable 0 19,473,805  
Reconciliation of cash and restricted cash      
Cash 41,244,446 120,056,897 59,286,147
Restricted cash 17,649,417 7,461,821  
Total cash and restricted cash shown in statement of cash flows $ 58,893,863 $ 127,518,718 $ 72,217,986