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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
Cash flows from operating activities:    
Net loss $ (10,684,641) $ (8,946,163)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Stock-based compensation 520,801 266,439
Provision for bad debts (1,472,165) 1,013,038
Depreciation and amortization 2,951,901 2,576,475
Impairment losses 0 6,804,412
Gain on dispositions (191,988) 0
Amortization of loan fees 411,363 483,983
Loss on extinguishment of long-term debt 4,996,731  
Deferred income taxes (2,602,886) (2,417,780)
Equity in earnings of unconsolidated affiliates 30,105 61,527
Change in operating assets and liabilities:    
Accounts receivable 12,180,235 6,870,703
Prepaid expenses (1,399,765) (1,148,083)
Other assets 1,286,882 (854,721)
Accounts payable (5,814,875) 1,481,571
Other liabilities 1,870,041 (3,968,917)
Other operating activities 272,268 (268,761)
Net cash provided by operating activities 2,354,007 1,953,723
Cash flows from investing activities:    
Capital expenditures (1,029,268) (3,443,430)
Proceeds from dispositions 362,500  
Payments for investments   (750,000)
Net cash used in investing activities (666,768) (4,193,430)
Cash flows from financing activities:    
Issuance of debt 310,000,000 7,500,000
Payments on debt (268,500,000) (4,000,000)
Payments of debt issuance costs (7,604,215)  
Reduction of finance lease liabilities (17,543) (16,205)
Dividends paid   (1,397,183)
Purchase of treasury stock (114,308) (15,875)
Net cash provided by financing activities 33,763,934 2,070,737
Net increase (decrease) in cash and cash equivalents 35,451,173 (168,970)
Cash and cash equivalents at beginning of period 20,759,432 18,648,171
Cash and cash equivalents at end of period 56,210,605 18,479,201
Cash paid for interest 1,836,787 3,777,582
Cash paid for income taxes 1,374,403 115,400
Supplement disclosure of non-cash investing and financing activities:    
Acquisition of noncontrolling interest 4,490,130  
Extinguishment of trade sales payable 934,500  
Class A common stock returned to treasury stock $ 670,594  
Dividends declared but unpaid   $ 1,398,321