XML 17 R6.htm IDEA: XBRL DOCUMENT v3.19.1
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
 3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Net cash provided by operating activities - continuing operations $ 3,693,963 $ 740,686
Net cash used in operating activities - discontinued operations 0 (61,605)
Net cash provided by operating activities 3,693,963 679,081
Cash flows from investing activities    
Additions to property, plant and equipment and construction in progress (1,336,022) (2,869,484)
Proceeds from sale of equipment 46,700 11,190
Proceeds from sale of CW-Belize, net of cash provided 6,706,234 0
Collections on loans receivable 364,515 341,655
Net cash provided by (used in) investing activities 5,781,427 (2,516,639)
Cash flows from financing activities    
Dividends paid to common shareholders (1,275,151) (1,269,696)
Dividends paid to preferred shareholders (2,958) (2,846)
Issuance (repurchase) of redeemable preferred stock (17,795) 0
Payments on note payable to related party 0 (392,000)
Net cash used in financing activities (1,295,904) (1,664,542)
Net increase (decrease) in cash and cash equivalents and restricted cash 8,179,486 (3,502,100)
Cash and cash equivalents and restricted cash at beginning of period 31,337,477 45,482,966
Cash and cash equivalents and restricted cash at end of period 39,516,963 41,980,866
Cash and cash equivalents at end of period 38,016,963 41,980,866
Restricted cash at end of period 1,500,000 0
Cash and cash equivalents and restricted cash at end of period 39,516,963 41,980,866
Interest paid in cash 0 4,427
Non-cash investing and financing activities    
Conversion (on a one-to-one basis) of 0 and 454, respectively, shares of redeemable preferred stock to common stock 0 272
Dividends declared but not paid 1,280,903 1,274,350
Transfers from inventory to property, plant and equipment and construction in progress 131,439 89,721
Transfers from construction in progress to property, plant and equipment 6,769,561 243,689
Transfers from other assets to construction in progress 0 765,662
Right-of-use assets obtained in exchange for new operating lease liabilities 3,464,670 0
Common Stock [Member]    
Non-cash investing and financing activities    
Stock Issued $ 317,990 $ 441,162