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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
Net Income (Loss) $ (16,922,200) $ 8,856,800
Adjustments to reconcile net income (loss) to net cash from operating activities:    
Depreciation 1,407,400 1,084,200
Amortization of right of use assets 542,800 387,900
Loss on sale of equipment 3,433,800 35,900
Provision for loss on contract 159,100 0
Impairment loss on real estate 3,602,600 0
Impairment loss on note receivable 1,200,000 0
Stock compensation 515,500 499,900
Forgiveness on PPP loan 0 (10,000)
Amortization of revolver issuance costs 457,400 0
Net change in assets and liabilities:    
Accounts receivable (593,500) (1,035,300)
Contract assets 2,167,200 (2,167,200)
Notes receivable (3,725,300) (2,000,000)
Prepaid expenses and other assets (1,499,900) 290,300
Real estate (84,637,700) (98,527,500)
Deferred tax asset (4,010,300) (649,000)
Accounts payable and accrued expenses 3,428,100 7,962,800
Contract liabilities 338,300 0
Deferred revenue 7,200 (851,500)
Payments on right of use liability, net of incentives 255,800 (301,100)
NET CASH USED IN OPERATING ACTIVITIES (93,873,700) (86,423,800)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment (2,646,400) (745,600)
Proceeds on the sale of equipment 5,113,300 69,500
NET CASH PROVIDED BY (USED IN) INVESTING ACTIVITIES 2,466,900 (676,100)
CASH FLOWS FROM FINANCING ACTIVITIES    
Construction loans 89,559,300 53,366,600
Payments on construction loans (17,115,900) (24,069,200)
Financing fees construction loans (2,470,200) (5,574,900)
Related party construction loans 8,669,900 19,789,600
Payments on related party construction loans (14,071,800) (11,793,800)
Financing fees related party construction loans (105,400) (1,982,900)
Revolving line of credit loan, net of payments 25,000,000 0
Financing fees revolving line of credit loan (1,097,700) 0
Payments on note payable D&O insurance (1,115,500) (1,247,700)
Payments on equipment loans (3,894,200) (1,893,700)
Payments on financing leases (104,100) (356,900)
Payments on PPP loan 0 (9,300)
Net proceeds from issuance of common stock 0 25,101,000
Net proceeds from issuance of preferred stock 0 66,572,300
Preferred dividends (7,796,100) (2,054,000)
Repurchase of common stock (437,700) (5,000,000)
Proceeds from exercise of stock options 8,600 18,000
Proceeds from exercise of warrants 413,700 0
Deferred offering costs 0 65,100
NET CASH PROVIDED BY FINANCING ACTIVITIES 75,442,900 110,930,200
NET INCREASE (DECREASE) IN CASH AND RESTRICTED CASH (15,963,900) 23,830,300
CASH AND RESTRICTED CASH AT BEGINNING OF YEAR 26,226,800 2,396,500
CASH AND RESTRICTED CASH AT END OF YEAR 10,262,900 26,226,800
SUPPLEMENTAL CASH FLOW INFORMATION    
Interest paid 8,635,600 4,190,200
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES    
New right of use obligations 0 2,943,800
Termination of right of use leases 346,900 0
Amortization of debt discount capitalized 2,307,000 3,238,300
Promissory notes issued for earnest money 450,000 0
Financing of D&O insurance 590,100 1,410,400
Conversion of finance lease to equipment loan 394,800 0
Cancellation of finance leases 0 99,100
Financing of fixed assets additions 110,000 1,566,800
Dividends declared but not paid 634,600 670,900
Conversion of preferred to common stock $ 3,595,400 $ 64,800