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Condensed Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Jun. 30, 2023
Jun. 30, 2022
Cash flows from operating activities:        
Net loss $ (10,430,629) $ (14,454,717) $ (13,967,195) $ (18,045,647)
Adjustments to reconcile net loss to net cash provided by operating activities:        
Stock-based compensation     355,607 606,080
Provision for credit losses 295,122 511,253 525,814 588,751
Depreciation and amortization 2,195,985 2,451,102 4,425,310 4,967,002
Impairment losses 10,041,000 8,619,097 10,041,000 10,476,323
Amortization of loan fees     734,253 754,085
Gain on debt purchases     (973,208) (100,335)
Deferred income taxes     (3,144,387) (2,747,810)
Equity in earnings of unconsolidated affiliates 56,876 (186,570) 117,133 (163,226)
Change in operating assets and liabilities:        
Accounts receivable     858,277 7,160,917
Prepaid expenses     (3,591,131) (2,286,447)
Other assets     947,918 (2,176,152)
Accounts payable     726,744 2,641,981
Other liabilities     2,840,148 5,003,953
Other operating activities     127,428 72,071
Net cash provided by operating activities     23,711 6,751,546
Cash flows from investing activities:        
Payment for acquisition       (2,000,000)
Capital expenditures     (2,016,185) (6,486,902)
Proceeds from dispositions       1,185,312
Net cash used in investing activities     (2,016,185) (7,301,590)
Cash flows from financing activities:        
Payments on debt     (1,983,750) (4,802,500)
Reduction of finance lease liabilities       (1,945)
Purchase of treasury stock     (67,767) (105,707)
Net cash used in financing activities     (2,051,517) (4,910,152)
Net decrease in cash and cash equivalents     (4,043,991) (5,460,196)
Cash and cash equivalents at beginning of period     39,534,653 51,378,642
Cash and cash equivalents at end of period $ 35,490,662 $ 45,918,446 35,490,662 45,918,446
Cash paid for interest     12,569,776 12,921,869
Cash paid for income taxes     $ 1,246,263 $ 1,546,500