v3.22.1
CONSOLIDATED STATEMENTS OF CASH FLOW - USD ($)
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities    
Net loss $ (11,473,394) $ (3,120,071)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 1,809,583 1,158,436
Stock-based compensation 1,386,805 980,649
Impairment loss on goodwill and intangible assets 7,017,538  
Cancellation of restricted stock units (255,713)  
Bad debt expense 70,013 24,695
Account earnout adjustments 3,843  
Forgiveness of note payable (378,346) (191,400)
Non-cash lease expense 251,218  
Changes in operating assets and liabilities (excluding the effects of business acquisitions):    
Accounts receivable (1,160,614) (82,168)
Prepaid expenses and other current assets (532,835) (15,654)
Inventory (282,766)  
Interest receivable - related party loan (119,808)  
Accounts payable and accrued expenses 706,396 (67,306)
Unearned revenue 113,691  
Lease liabilities (239,303)  
Net cash used in operating activities (3,083,692) (1,312,819)
Cash Flows from Investing Activities    
Purchases of property and equipment (508,477) (996,795)
Disposal of property and equipment 27,500 37,490
Issuance of loans receivable - related party (1,408,750)  
Proceeds from repayment of loans receivable - related party 198,000  
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 (1,211,881)  
Net cash used in investing activities (2,903,608) (4,139,699)
Cash Flows from Financing Activities    
Proceeds from notes payable 700,000 1,238,796
Repayment of notes payable (318,983) (60,445)
Payment of deferred consideration (1,559,443)  
Proceeds from issuance of related party debt 1,780,000  
Repayment of related party notes payable (1,374,544)  
Repurchase of warrant issued for cash (75,000)  
Distribution to noncontrolling interest   (884)
Proceeds from the issuance of shares in private placement, net of issuance costs 11,488,848 7,169,779
Net cash provided by financing activities 10,640,878 8,347,246
Net increase in cash 4,653,578 2,894,728
Cash, beginning of period 14,302,699 11,407,971
Cash, end of period 18,956,277 14,302,699
Supplemental disclosure of cash and non-cash transactions:    
Cash paid for interest 65,784 7,184
Non-cash investing and financing activities    
Capital expenditures in accounts payable 194,290  
Capital expenditures financed with notes payable 665,606 13,348
Issuance of Class A shares for vested RSUs 64 59
Shares issued in acquisition of Zodega 564,185  
Acquisition holdback amount 28,826  
Recognition of ROU asset and lease liabilities 201,414  
Loan - part of purchase cost 820,000  
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 247,000  
Recognition of non-redeemable noncontrolling interest in acquisition of ANC Zodega $ 1,950,766