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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2020
Sep. 30, 2019
Operations    
Net income $ 4,725,147 $ 1,979,637
Adjustments to reconcile net income to net cash provided by (used in) operations:    
Depreciation, amortization, and other 539,217 227,558
Changes in operating assets and liabilities:    
Trade recivables (1,661,332) (920,929)
Inventories (1,108,062) (256,103)
Prepaid expenses (155,518) (212,866)
Other assets (94,830) (47,884)
Accounts payable and accrued expenses 1,006,345 (627,911)
Accounts payable, related party 0 (3,074,021)
Operating leases (40,179) 120,673
Customer deposits and other liabilities 23,911 79,358
Net cash provided by (used in) operations 3,234,699 (2,732,488)
Investing    
Investment in note receivable (1,500,000) 0
Intangible assets 0 (45,000)
Acquisition of the Echo Entities, net of cash acquired 0 (5,876,517)
Payments for acquisition of property and equipment (430,591) 0
Purchase of property and equipment, financed through proceeds from notes (1,452,000) (102,989)
Net cash used in investing (3,382,591) (6,024,506)
Financing    
Financing for the acquisition of the Echo Entities 0 6,925,979
Financing to pay off accounts payable, related party 0 3,074,021
Line of credit 0 151,000
Proceeds from Paycheck Protection Program Note 1,668,200 0
Proceeds from notes to purchase property 1,452,000 0
Payments on notes payable (5,289) 0
Payments on notes payable, related party (208,421) (292,568)
Net cash provided by financing 2,906,490 9,858,432
Net change in cash and cash equivalents 2,758,598 1,101,438
Cash and cash equivalents, beginning of period 4,510,660 1,453,941
Cash and cash equivalents, end of period 7,269,258 2,555,379
Supplemental disclosures:    
Cash paid during the period for: interest 443,415 240,778
Cash paid during the period for: income taxes $ 30,025 $ 43,578