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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 12,251,921 $ 9,835,812
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 12,637,334 12,241,886
PPP Loan Forgiveness (2,912,433)
Unrealized Gains on Investments (47,640)
Undistributed Earnings of Other Equity Investment (446,130) (392,690)
Noncash Patronage Refund (149,586) (143,692)
Stock Issued in Lieu of Cash Payment 310,088 287,819
Distributions from Equity Investments 150,000 100,000
Stock-based Compensation 187,951 69,452
Changes in Assets and Liabilities:    
Receivables (539,262) 476,079
Income Taxes Receivable (790,035) (615,587)
Inventories for Resale (212,597) (138,801)
Prepaid Expenses (887,843) (156,873)
Other Assets (124,823) (121,107)
Accounts Payable 41,424 (89,247)
Accrued Income Taxes   (729,600)
Other Accrued Taxes 1,322 25,829
Other Accrued Liabilities (392,021) (324,258)
Deferred Income Tax 1,967,008 1,268,000
Deferred Compensation (309,850) (300,772)
Net Cash Provided by Operating Activities 20,782,468 21,244,610
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to Property, Plant, and Equipment, Net (19,011,909) (12,002,735)
Materials and Supplies for Construction (2,178,823)
Purchase of Intangible (877,814)
Other, Net (63,000) (68,128)
Net Cash Used in Investing Activities (21,253,732) (12,948,677)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal Payments of Long-Term Debt (4,610,400) (4,621,815)
Loan Proceeds 2,889,000
Changes in Revolving Credit Facility 1,077,589
Grants Received for Construction of Plant 724,465 650,208
Repurchase of Common Stock (167,467) (238,612)
Dividends Paid (2,864,434) (1,350,054)
Net Cash Used in Financing Activities (5,840,247) (2,671,273)
NET CHANGE IN CASH (6,311,511) 5,624,660
CASH at Beginning of Period 8,617,660 2,993,000
CASH at End of Period 2,306,149 8,617,660
Supplemental cash flow information:    
Cash paid for interest 2,197,080 2,031,829
Net cash paid for income taxes $ 2,555,000 $ 4,138,500