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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operating activities    
Net income for the year including non-controlling interests $ 3,583,534 $ 2,297,185
Adjustments to reconcile net income to net cash:    
Stock based compensation 156,012 246,444
Depreciation and amortization 851,672 620,264
Lease right of use financing 53,768 79,143
Lease right of use amortization 331,773 297,532
Gain on investments (877,358) (323,824)
Bad debt expense 1,016 231,696
Deferred income tax expense (recovery) 409,553 (602,421)
Gain on sale of equipment (9,490)
Changes in non-cash working capital items:    
Increase in accounts receivable (1,420,614) (319,843)
(Increase) decrease in inventories 1,284,607 (478,343)
Increase in prepaid expenses (83,809) (18,332)
Increase (decrease) in accounts payable and accrued liabilities 553,478 (312,701)
Increase in taxes payable 770,243 567,097
Increase deferred revenue 101,056 86,053
Cash provided by operating activities 5,705,441 2,369,950
Investing activities    
Long term deposits 22,090 147
Purchase of investments (3,152,025) (1,001,000)
Proceeds of equity investment distributions 972,295 165,542
Acquisition of ENP Realty LLC 13,419
Net purchase of property, equipment and leaseholds (1,071,108) (1,831,319)
Cash used in investing activities (3,215,329) (2,666,630)
Financing activities    
Repayment of short term line of credit (273,909) (408,149)
Repayment of long term debt (4,395,915) (1,071,350)
Proceeds of long term debt 3,413,160 1,100,000
Lease financing costs (385,541) (376,675)
Repayment of convertible note (500,000)
Dividends paid (2,398,133)
Partnership distribution to non-controlling interest (594,882) (296,875)
Proceeds of issuance of common stock 39,750 363,260
Cash used in financing activities (2,697,337) (3,087,922)
Effect of exchange rate changes on cash 45,331 161,336
Outflow of cash (161,894) (3,223,266)
Cash resources, beginning 4,634,670 7,857,936
Cash resources, ending 4,472,776 4,634,670
Cash resources are comprised of:    
Cash and cash equivalents 3,472,776 3,634,670
Term deposit 1,000,000
Restricted cash 1,000,000
Cash resources, ending 4,472,776 4,634,670
Supplemental disclosure of cash flow information:    
Income taxes paid 464,026 207,501
Interest paid 260,657 429,789
Convertible note converted into common shares 500,000
Inventory additions in accounts payable and accrued liabilities $ 397,140