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Condensed Consolidated Statements of Cash Flows - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
Cash flows from operating activities:    
Net Income (Loss) $ (268,051) $ (13,967,195)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Stock-based compensation 415,052 355,607
Provision for credit losses 291,000 525,814
Depreciation and amortization 3,667,496 4,425,310
Impairment loss   10,041,000
Amortization of loan fees 671,278 734,253
Gain on sale of investment (6,026,776)  
Gain on repurchases of long-term debt   (973,208)
Deferred income taxes (1,671,970) (3,144,387)
Equity in earnings of unconsolidated affiliates 284 117,133
Change in operating assets and liabilities:    
Accounts receivable 5,957,880 858,277
Prepaid expenses (1,480,053) (3,591,131)
Other assets (351,853) 947,918
Accounts payable (561,485) 726,744
Other liabilities 1,656,819 2,840,148
Other operating activities 256,205 127,428
Net cash provided by operating activities 2,555,826 23,711
Cash flows from investing activities:    
Capital expenditures (1,984,851) (2,016,185)
Proceeds from sale of investment 6,026,776  
Net cash provided by (used in) investing activities 4,041,925 (2,016,185)
Cash flows from financing activities:    
Payments on debt   (1,983,750)
Purchase of treasury stock (37,485) (67,767)
Net cash used in financing activities (37,485) (2,051,517)
Net increase (decrease) in cash and cash equivalents 6,560,266 (4,043,991)
Cash and cash equivalents at beginning of period 26,733,921 39,534,653
Cash and cash equivalents at end of period 33,294,187 35,490,662
Cash paid for interest 11,514,380 12,569,776
Cash paid for income taxes $ 351,975 $ 1,246,263