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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES OF CONTINUING OPERATIONS:    
Net income from continuing operations $ 30,397 $ 270,349
Adjustments to reconcile net income from continuing operations to net cash provided (used) by operating activities of continuing operations:    
Depreciation and amortization 220,633 154,458
Accretion of asset retirement obligation 36,541 750
Loss on disposal of property, plant, and equipment 17,494 0
Write down of inventory to net realizable value 10,501 0
Share-based compensation 300,847 0
Allowance for doubtful accounts on accounts receivable (14,258) 43,560
Other non-cash items (16,106) (13,621)
Changes in operating assets and liabilities:    
Accounts receivable (754,246) (567,077)
Inventories, net 546,299 (265,804)
Prepaid expenses and other current assets (198,860) (240,225)
Other assets (2,119) 0
Accounts payable 213,953 (253,580)
Accrued liabilities 47,660 (52,935)
Accrued liabilities - directors 36,439 145,413
Royalties payable (39,512) (389,716)
Net cash provided (used) by operating activities of continuing operations 435,663 (1,168,428)
CASH FLOWS FROM INVESTING ACTIVITIES OF CONTINUING OPERATIONS:    
Proceeds from redemption of certificates of deposit 50,682 0
Purchases of properties, plant, and equipment (150,721) (1,195,534)
Net cash used by investing activities of continuing operations (100,039) (1,195,534)
CASH FLOWS FROM FINANCING ACTIVITIES OF CONTINUING OPERATIONS:    
Payments on dividends payable 0 (787,730)
Principal payments on long-term debt (39,071) (46,370)
Net cash used by financing activities of continuing operations (39,071) (834,100)
Net cash flows provided (used) by continuing operations 296,553 (3,198,062)
CASH FLOWS FROM DISCONTINUED OPERATIONS:    
Net cash provided (used) by operating activities 195,303 (2,023,067)
Net cash used by investing activities 0 (152,322)
Net cash flows provided (used) by discontinued operations 195,303 (2,175,389)
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 491,856 (5,373,451)
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD 11,954,635 19,117,666
CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 12,446,491 13,744,215
NON-CASH FINANCING AND INVESTING ACTIVITIES:    
Common stock buyback and retirement 0 202,980
Conversion of Preferred Series D to Common Stock 0 16,927
Equipment purchased with note payable $ 402,722 $ 0