XML 27 R6.htm IDEA: XBRL DOCUMENT v3.22.2.2
CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2022
Jun. 30, 2021
Cash flows from operating activities:    
Net income $ 1,347,961 $ 80,557,047
Adjustment to reconcile net income to net cash from operating activities:    
Depreciation and amortization 5,529,346 4,001,640
Stock-based compensation expense 54,166 0
Other income - gain on PPP loan forgiveness 0 (4,525,600)
Deferred tax expense 12,013,748 0
Debt accretion expense 722,536 0
Non-cash lease expense 109,114 (144,677)
Changes in operating assets and liabilities:    
Accounts receivable 19,745,666 17,338,754
Accounts receivable - related party 602,068 (150)
Inventories (93,004) (2,513)
Prepaid expenses and other current assets (1,977,182) (1,022,062)
Accounts payable 6,358,427 4,845,359
Accounts payable - related party (630,490) (793,487)
Accrued expenses and other current liabilities 9,645,922 2,536,291
Other current assets (25,219) (36,120)
Net cash from operating activities 53,403,059 102,754,482
Cash flows from investing activities:    
Acquisitions of property and equipment (16,621,726) (21,714,755)
Acquired cash in reverse acquisition with Clinigence 12,716,228 0
Cash related to deconsolidation of Real Estates Entities (2,421,212) 0
Net cash from investing activities (6,326,710) (21,714,755)
Cash flows from financing activities:    
Proceeds from lines of credit 2,592,714 0
Proceeds from notes payable 4,865,974 13,966,345
Repayments of lines of credit (72,055) (813,101)
Repayments of notes payable (4,338,567) (13,712,534)
Repayments of finance leases (305,134) (549,710)
Common stock issued for exercise of warrants 4,119,141 0
Common stock issued for exercise of options 644,974 0
Members' contributions 4,731,117 11,033,400
Members' distributions (47,832,176) (78,446,644)
Net cash from financing activities (35,594,012) (68,522,244)
Net change in cash and cash equivalents 11,482,337 12,517,483
Cash and cash equivalents - beginning of the period 36,118,284 25,514,275
Cash and cash equivalents - end of the period 47,600,621 38,031,758
Supplemental disclosures of cash flow information:    
Cash paid for interest 5,705,603 2,991,090
Cash paid for income taxes 631,400 316,702
Non-cash investing and financing activities:    
Acquisition of financing leases $ 9,937,104 $ 452,457