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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net Income $ 7,196,702 $ 12,251,921
Adjustments to Reconcile Net Income to Net Cash Provided by Operating Activities:    
Depreciation and Amortization 14,294,377 12,637,334
PPP Loan Forgiveness (2,912,433)
Unrealized Gains on Investments (217,876)
Undistributed Earnings of Other Equity Investment (515,963) (446,130)
Noncash Patronage Refund (133,467) (149,586)
Stock Issued in Lieu of Cash Payment 398,424 310,088
Distributions from Equity Investments 210,917 150,000
Stock-based Compensation 64,301 187,951
Changes in Assets and Liabilities:    
Receivables 34,677 (539,262)
Income Taxes Receivable 1,121,957 (790,035)
Inventories for Resale 10,238 (212,597)
Prepaid Expenses 89,882 (887,843)
Other Assets (40,627) (124,823)
Accounts Payable 199,257 41,424
Other Accrued Taxes (16,048) 1,322
Other Accrued Liabilities 1,524,133 (392,021)
Deferred Income Tax 2,349,440 1,967,008
Deferred Compensation (46,059) (309,850)
Net Cash Provided by Operating Activities 26,524,265 20,782,468
CASH FLOWS FROM INVESTING ACTIVITIES:    
Additions to Property, Plant, and Equipment, Net (37,977,118) (19,011,909)
Materials and Supplies for Construction (15,651,923) (2,178,823)
Other, Net 4,804 (63,000)
Net Cash Used in Investing Activities (53,624,237) (21,253,732)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Principal Payments of Long-Term Debt (57,330,775) (4,610,400)
Loan Proceeds 56,063,223
Loan Origination Fees (1,165,859)
Changes in Revolving Credit Facility 33,172,860 1,077,589
Grants Received for Construction of Plant 396,360 724,465
Repurchase of Common Stock (3,187,500) (167,467)
Dividends Paid (2,843,930) (2,864,434)
Net Cash Used in Financing Activities 25,104,379 (5,840,247)
NET CHANGE IN CASH (1,995,593) (6,311,511)
CASH at Beginning of Period 2,306,149 8,617,660
CASH at End of Period 310,556 2,306,149
Supplemental cash flow information:    
Cash paid for interest 1,505,687 2,197,080
Net cash paid (received) for income taxes $ (770,934) $ 2,555,000