v3.21.2
CONSOLIDATED STATEMENT OF CASH FLOW - USD ($)
 6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash Flows from Operating Activities:    
Net loss $ (1,363,606) $ (1,888,965)
Reconciliation of net loss to net cash used in operating activities:    
Depreciation and amortization 739,236 504,405
Stock-based compensation 835,638 582,301
Bad debt expense 34,976  
Forgiveness of note payable (382,346)  
Loss on disposal of fixed asset   (42,395)
Changes in operating assets and liabilities (excluding the effects of business acquisitions):    
Accounts receivable (1,256,806) 43,651
Prepaid expenses and other current assets (393,836) (182,502)
Accounts payable and accrued expenses 381,867 (367,363)
Right of use assets and lease liabilities, net 9,709  
Net cash used in operating activities (1,395,168) (1,266,078)
Cash Flows from Investing Activities:    
Purchases of property and equipment (522,108) (509,264)
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   (1,651,114)
Acquisition of ANC Zodega, net of cash acquired (1,212,377)  
Net cash used in investing activities (3,143,235) (3,689,658)
Cash Flows from Financing Activities:    
Proceeds from notes payable 558,617 658,741
Repayment of notes payable (155,524) (15,113)
Payment of deferred consideration- ANC Smith Acquisition (947,997)  
Payment of deferred consideration- ANC Green Solutions I Acquisition (200,000)  
Repurchase of warrant issued for cash (75,000)  
Distribution to noncontrolling interest   (378)
Proceeds from the issuance of shares in private placement, net of issuance costs 11,728,848 2,233,273
Net cash provided by financing activities 10,908,944 2,876,523
Net increase (decrease) in cash 6,370,541 (2,079,213)
Cash and cash equivalents, beginning of period 14,302,699 11,407,971
Cash and cash equivalents, end of period 20,673,240 9,328,758
Supplemental disclosure of cash and non-cash transactions:    
Cash paid for interest 8,532 4,553
Non-cash investing and financing activities    
Capital expenditures in accounts payable 77,180 13,348
Issuance of Class A shares for vested RSUs 38  
Shares issued in acquisition of Zodega 564,185  
Recognition of deferred consideration payable in acquisition of ANC Potter's   146,844
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   1,275,443
Recognition of redeemable noncontrolling interest in acquisition of ANC Smith's   $ 2,000,197
Recognition of deferred consideration payable in acquisition of ANC Zodega 341,667  
Recognition of non-redeemable noncontrolling interest in acquisition of ANC Zodega $ 1,950,766