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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
Cash flows from operating activities:    
Net loss $ (3,536,566) $ (3,738,945)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Stock-based compensation 174,268 227,250
Provision for credit losses 230,692 77,498
Depreciation and amortization 2,229,325 2,515,900
Impairment loss   1,857,226
Amortization of loan fees 367,126 380,211
Deferred income taxes (2,163,983) (5,849,318)
Equity in earnings of unconsolidated affiliates 60,257 23,344
Change in operating assets and liabilities:    
Accounts receivable 8,965,032 11,188,519
Prepaid expenses (266,749) 213,359
Other assets 1,049,212 570,082
Accounts payable (3,713,040) 361,375
Other liabilities (6,062,782) (7,069,648)
Other operating activities 222,043 (21,479)
Net cash provided by (used in) operating activities (2,445,165) 735,374
Cash flows from investing activities:    
Capital expenditures (1,169,280) (1,375,775)
Net cash used in investing activities (1,169,280) (1,375,775)
Cash flows from financing activities:    
Reduction of finance lease liabilities   (1,945)
Purchase of treasury stock (25,545) (29,599)
Net cash used in financing activities (25,545) (31,544)
Net decrease in cash and cash equivalents (3,639,990) (671,945)
Cash and cash equivalents at beginning of period 39,534,653 51,378,642
Cash and cash equivalents at end of period 35,894,663 50,706,697
Cash paid for interest 12,506,445 12,937,576
Cash paid for income taxes $ 21,491 $ 61,000