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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (Loss) $ 3,228,600 $ (1,848,300)
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Depreciation 783,500 419,200
Amortization of right of use assets 252,200 194,700
Forgiveness on PPP loan (10,000)
Loss on sale of equipment 35,900 27,900
Stock compensation 416,100 11,000
Net change in assets and liabilities:    
Accounts receivable (26,600) (42,500)
Contract assets (4,762,400)
Prepaid expenses 820,300 (255,900)
Real estate (82,755,400) (8,286,200)
Deferred revenue (874,600) 1,297,400
Deferred income tax (561,500)
Payments on right of use liability (241,600) (209,000)
Contract Liability 390,900
Accounts payable and accrued expenses 3,175,800 (605,500)
NET CASH (USED IN) OPERATING ACTIVITIES (79,567,300) (9,858,700)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (378,100) (401,100)
Proceeds on the sale of equipment 69,500 330,400
NET CASH (USED IN) INVESTING ACTIVITIES (308,600) (70,700)
CASH FLOWS FROM FINANCING ACTIVITIES    
Construction loans, net 29,468,300 8,829,900
Financing fees construction loans (1,476,900) (573,100)
Construction loans related parties, net 6,302,800 (6,515,700)
Financing fees related party construction loans (1,983,900) (396,900)
Payments on financing leases (289,000) (380,000)
Proceeds from PPP loan 582,800
Payments on PPP loan (9,300)
Due to related party (8,100)
Repayments on note payable D&O insurance (867,600)
Net proceeds from issuance of common stock 25,101,000 10,789,100
Net proceeds from issuance of preferred stock 28,661,000
Repayment on equipment loans (1,430,500) (476,700)
Proceeds from exercise of stock options 18,000
Dividends (560,900)
Deferred offering cost (68,300)
NET CASH PROVIDED BY FINANCING ACTIVITIES 82,864,700 11,851,300
NET INCREASE IN CASH AND RESTRICTED CASH 2,988,800 1,921,900
CASH AND RESTRICTED CASH AT BEGINNING OF YEAR 2,396,500 430,000
CASH AND RESTRICTED CASH AT END OF PERIOD 5,385,300 2,351,900
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 2,165,300 1,266,300
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
Financing of assets additions 1,566,800 2,002,900
Dividends declared but not paid 210,600
New right of use obligations 166,800
Cancellation of finance leases 99,100
Amortization of debt discount capitalized 2,338,000 1,323,300
Stock issued for conversion of related party interest and principle $ 497,000