v3.21.1
Consolidated Statements of Cash Flows - USD ($)
 3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash Flows from Operating Activities:    
Net income (loss) $ (1,037,029) $ (1,071,345)
Reconciliation of net income (loss) to net cash provided by (used in) operating activities:    
Depreciation and amortization 364,914 191,192
Stock-based compensation 406,303 384,965
Bad debt expense 8,098  
Forgiveness of note payable (215,059)  
Changes in operating assets and liabilities (excluding the effects of business acquisitions):    
Accounts receivable (366,910) (20,675)
Prepaid expenses and other current assets (129,968) (99,843)
Accounts payable and accrued expenses 2,633 52,362
Net cash provided by (used in) operating activities (967,018) (563,344)
Cash Flows from Investing Activities:    
Purchase of property and equipment (161,084) (195,920)
Loan receivables - related party, net (1,408,750)  
Acquisition of ANC Potter's, net of cash acquired   (1,529,280)
Acquisition of ANC Smith's, net of cash acquired   (1,650,515)
Acquisition of ANC Zodega, net of cash acquired (1,211,750)  
Net cash used in investing activities (2,781,584) (3,375,715)
Cash Flows from Financing Activities:    
Repayment of notes payable (48,528) (5,966)
Repurchase of warrant issued for cash (75,000)  
Distribution to noncontrolling interest   (316)
Proceeds from the issuance shares in private placement, net of issuance costs 11,586,988 2,035,253
Net cash provided by (used in) financing activities 11,463,460 2,028,971
Net increase (decrease) in cash 7,714,858 (1,910,088)
Cash and cash equivalents, beginning of the period 14,302,699 11,407,971
Cash and cash equivalents, end of the period 22,017,558 9,497,883
Supplemental disclosure of cash flow information    
Cash paid for interest 421 1,453
Issuance of Class A shares for vested RSUs 13  
Shares issued in acquisition of Zodega 564,185  
Recognition of deferred consideration payable in acquisition of ANC Potter's   146,884
Recognition of redeemable noncontrolling interest in acquisition of ANC Potter's   1,145,363
Recognition of deferred consideration payable in acquisition of ANC Smith's   1,308,286
Recognition of redeemable noncontrolling interest in acquisition of ANC Smith's   $ 2,000,197
Recognition of deferred consideration payable in acquisition of Zodega 341,667  
Recognition of non-redeemable noncontrolling interest in acquisition of ANC Zodega $ 1,950,766