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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2022
Mar. 31, 2022
Jun. 30, 2021
Jun. 30, 2022
Jun. 30, 2021
Dec. 31, 2020
Cash flows from operating activities            
Net income       $ 3,974,858 $ 28,618,009  
Adjustments to reconcile net income (loss) to net cash provided by operating activities:            
Depreciation and amortization       1,777,991 429,709  
Net unrealized (gain) loss on investments $ 3,903,523   $ (85,752) 572,414 (1,189,724)  
Realized loss on investments       38,378    
Accreted interest       33,799 58,160  
Deferred taxes       4,219,467 (6,615,764)  
Provision for doubtful accounts         146,395  
Provision for inventory reserve       98,974    
Share-based compensation       2,276,736 1,345,915  
Gain on forgiveness of PPP loan         (1,377,652)  
(Increase) decrease in operating assets:            
Accounts receivable       27,127,674 (5,209,061)  
Inventories       (702,934) (344,617)  
Other current assets       (66,470) 10,731  
Prepaid estimated taxes       (7,361,845)    
Other assets         25,806  
Increase (decrease) in operating liabilities:            
Accounts payable       (11,116,971) 13,993,219  
Accrued liabilities       (2,958,736) 1,465,375  
Income taxes payable       (4,959,878) 156,263  
Net cash provided by operating activities       12,953,457 31,512,764  
Cash flows from investing activities            
Purchase of property, plant, and equipment       (10,540,595) (38,151,235)  
Purchase of equity securities       (16,139,741) (4,631,475)  
Proceeds from the sales of equity securities       1,924,769    
Net cash used by investing activities       (24,755,567) (42,782,710)  
Cash flows from financing activities            
Repayments of long-term debt       (142,847) (136,790)  
Proceeds from Technology Investment Agreement (TIA)       7,270,814 17,676,051  
Proceeds from the exercise of stock options   $ 10,500   10,500 48,600  
Payment of preferred stock redemption price payable         (101,250)  
Payment of preferred stock repurchase payable       (1,101,110) (1,101,110) $ (482,670)
Payment of preferred stock dividends       (136,656) (88,141)  
Repurchase of common stock       (2,818,177) (154,424)  
Net cash provided by financing activities       3,082,524 16,142,936  
Net increase (decrease) in cash and cash equivalents       (8,719,586) 4,872,990  
Cash and cash equivalents at:            
Beginning of period   $ 29,162,913   29,162,913 17,566,682  
End of period 20,443,327   22,439,672 20,443,327 22,439,672 $ 17,566,682
Supplemental schedule of cash flow information:            
Interest paid       51,675 61,620  
Income taxes paid       12,324,153 16,122,340  
Supplemental schedule of noncash investing and financing activities:            
Preferred dividends declared, not paid       1,417,937 5,056,946  
Conversion of preferred stock to common stock         26,500  
Receivable from Technology Investment Agreement (TIA) $ 3,567,913   $ 10,324,812 3,567,913 $ 10,324,812  
Preferred stock repurchase payable       $ 1,071,637