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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities    
Net income $ 2,965,338 $ 2,390,251
  Adjustments to reconcile net income to cash provided by operating activities    
Stock based compensation expense 150,514 163,269
Depreciation and amortization 1,830,689 1,634,547
Loss (gain) on sale of assets (1,424) 0
Bad debt and reduction in allowance for bad debt 16,715 23,925
(Decrease) increase in fair value of derivative warrant liability 1,780,203 (1,698,747)
(Gain) loss on commodity derivative contracts 721,531 (4,427,782)
Net cash settlements on commodity derivatives (1,306,344) 4,507,370
Amortization of debt discount and deferred costs 0 47,826
Changes in operating assets and liabilities, net of effect of acquisition    
Accounts receivable (1,873,520) 2,260,654
Inventory (2,540,005) 2,112,459
Prepaid expenses 800,702 1,061,222
Accounts payable (166,427) (1,603,145)
Accrued expenses (190,676) (3,269,590)
Other assets 1,800 (87,251)
Net cash provided by operating activities 2,189,096 3,115,008
Cash flows from investing activities    
Internally developed software 0 (49,229)
Purchase of fixed assets (1,018,979) (442,180)
Proceeds from sale of fixed assets 1,600 0
Net cash used in investing activities (1,017,379) (491,409)
Cash flows from financing activities    
Payments on finance leases (122,052) (53,119)
Proceeds from exercise of stock warrants 1,652,022 0
Contributions received from redeemable noncontrolling interest 0 21,000,000
Line of credit (payments) proceeds, net (133,446) (3,276,230)
Payments on note payable (1,036,581) (8,098,879)
Net cash provided by financing activities 359,943 9,571,772
Net change in cash, cash equivalents and restricted cash 1,531,660 12,195,371
Cash, cash equivalents, and restricted cash at beginning of the period 10,995,169 4,199,825
Cash, cash equivalents, and restricted cash at end of period 12,526,829 16,395,196
SUPPLEMENTAL INFORMATION    
Cash paid for interest 236,677 352,806
Cash paid for taxes 0 0
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Exchanges of Series B Preferred Stock into common stock 4,397,236 0
Accretion of discount on Series B and B1 Preferred Stock 223,727 932,003
Dividends-in-kind accrued on Series B and B1 Preferred Stock (258,138) 344,499
Initial adjustment of carrying amount redeemable noncontrolling interests 0 9,091,068
Accretion of redeemable noncontrolling interest to redemption value 373,748 10,966,349
Series B Preferred Stock    
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Conversion of Series B and B1 Preferred Stock into Common Stock 1,978,494 0
Dividends-in-kind accrued on Series B and B1 Preferred Stock 157,778  
Series B1 Preferred Stock    
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Conversion of Series B and B1 Preferred Stock into Common Stock 3,256,024 $ 3,368,474
Dividends-in-kind accrued on Series B and B1 Preferred Stock $ 214,405