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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net (loss) $ (479,800) $ (1,408,000)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation 483,100 285,900
Amortization of right of use assets 163,200 128,600
Forgiveness on PPP loan (10,000)
Loss on sale of equipment 35,900 15,500
Stock compensation 230,900 1,100
Net change in assets and liabilities:    
Accounts receivable 16,300 (206,900)
Contract assets (1,481,500)
Prepaid expenses 810,400 (440,200)
Real estate (63,469,900) (2,124,400)
Deferred revenue (881,800) 1,301,900
Deferred income tax 10,100
Payments on right of use liability (155,600) (145,400)
Accounts payable and accrued expenses 3,208,000 (319,300)
NET CASH (USED IN) OPERATING ACTIVITIES (61,530,800) (2,901,100)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (175,100) (321,800)
Proceeds on the sale of equipment 69,500 145,400
NET CASH (USED IN) INVESTING ACTIVITIES (105,600) (176,400)
CASH FLOWS FROM FINANCING ACTIVITIES    
Construction loans, net 17,431,200 7,904,400
Financing fees construction loans (1,185,700) (138,200)
Construction loans related parties, net 5,760,200 (5,200,800)
Financing fees related party construction loans (1,983,900)
Payments on financing leases (141,200) (179,500)
Payments on PPP loan (7,100) 582,800
Due to related party 39,300
Repayments on note payable D&O insurance (741,200)
Net proceeds from issuance of common stock 25,101,000
Net proceeds from issuance of preferred stock 28,661,000
Repayment on equipment loans (951,900) (27,700)
Proceeds from exercise of stock options 18,000
Deferred offering costs 65,100
NET CASH PROVIDED BY FINANCING ACTIVITIES 72,025,500 2,980,300
NET INCREASE (DECREASE) IN CASH 10,389,100 (97,200)
CASH AT BEGINNING OF YEAR 2,396,500 430,000
CASH AT END OF PERIOD 12,785,600 332,800
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 1,915,700 90,300
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Financing of assets additions 775,300 258,100
New right of use obligations 166,800
Cancellation of finance leases 99,100
Amortization of debt discount capitalized $ 1,347,800 $ 500,400