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Consolidated Statements of Cash Flows (Unaudited) - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:    
Net income $ 3,937,273 $ 8,523,849
Adjustments to reconcile net income to net cash provided by operating activities:    
Depreciation 549,689 127,263
Amortization 713,532 1,484,303
Bad debt expense 1,493,567 257,177
Inventory excess and obsolescence allowance 2,354,837 747,507
Stock-based compensation expense 36,475,161 6,340,000
Deferred tax asset-net (9,019,241)
Un-realized exchange gain 879,846
Gain on China transaction (322,936)
Gain on lease cancellations (27,917) (152,112)
Changes in operating assets and liabilities:    
Accounts receivable-net (25,248,403) (7,468,772)
Inventory-net (175,173,066) (3,858,780)
Prepaid expenses and other current assets 1,071,885 (10,456,787)
Accounts payable and accrued expenses 65,186,015 8,120,106
Deferred tax liability-net (182,156)
Deposits and other current liabilities 373,744 (96,281)
Change in right of use and lease obligation-net 28,910 150,547
Net cash (used)/provided by operating activities (96,586,324) 3,395,084
Cash flows from investing activities:    
Proceeds from note receivable 1,885,724 1,331,011
Purchase of property and equipment (3,150,370) (573,751)
Net cash provided/(used) in investing activities (1,264,646) 757,260
Cash flows from financing activities:    
Payments on bonds payable (9,601,531)
Principal payments on financial lease obligations (94,102) (280,208)
Proceeds from exercise of stock options 3,720,141 4,126,791
Cash paid on taxes on restricted stock awards (656,680)
Net proceeds from collection of section 16b short swing profit 90,800
Net proceeds from sale of common stock 21,892,316
Net cash provided by financing activities 71,395,426 15,571,488
Effect on exchange rate changes on cash and cash equivalents (537,769) 433,507
Net (decrease)/increase in cash and cash equivalents (26,993,313) 20,157,339
Cash and cash equivalents at beginning of the period 43,248,021 23,090,682
Cash at end of the period 16,254,708 43,248,021
Supplemental disclosures:    
Interest 7,431 447,816
Goodwill 395,515
Other liabilities $ 395,515