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Condensed Consolidated Statements of Cash Flows (unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities    
Net income $ 4,711,241 $ 4,706,490
Adjustments to reconcile net income to net cash (used in) provided by operating activities    
Depreciation and amortization 1,341,850 985,401
Change in fair value of warrant liability 65,919 1,627,751
Non-cash lease expense 1,573,757 1,450,595
Stock-based compensation 2,009,412 510,522
Change in inventory and receivable reserves 20,479 (104,589)
Loss from Equity Interests in Unconsolidated Affiliate 0 (57,448)
Income (Loss) from Equity Method Investments 0 (57,448)
Change in operating assets and liabilities    
Accounts receivable (3,866,766) (1,919,225)
Related party receivable (167,284) (339,643)
Related party payables (659,431) 1,335,093
Inventories (9,424,379) (3,549,422)
Prepaid expenses and other assets (964,457) (1,219,851)
Accounts payable and accrued liabilities 2,405,354 7,109,669
Operating lease liabilities (1,546,936) (1,863,504)
Net cash (used in) provided by operating activities (4,501,241) 8,786,735
Cash Flows from Investing Activities    
Purchase of property and equipment (1,492,540) (589,212)
Acquisition, net of cash acquired (14,862,287) 0
Purchase of investment in unconsolidated subsidiaries (1,000,000) 0
Purchase of license agreements (375,000) 0
Net cash used in investing activities (17,729,827) (589,212)
Cash Flows from Financing Activities    
Payments on long-term debt and finance leases (226,874) (125,845)
Proceeds from issuance of ownership interest in consolidated subsidiary 2,601,806 0
Proceeds from exercise of stock options 223,940 0
Net cash provided by financing activities 2,598,872 (125,845)
Effect of exchange rate changes on cash and restricted cash (65,545) 0
Net Increase in Cash (19,697,741) 8,071,678
Cash and restricted cash, beginning of period 56,000,915 15,262,094
Cash and restricted cash, end of period 36,303,174 23,333,772
Supplemental Disclosure of Cash Flows Information    
Cash paid during the year for interest, net of interest received 31,661 301,660
Income tax paid, net of refunds received 0 0
Noncash Investing and Financing Activities    
Equipment acquired through finance lease obligations 12,399 284,551
Equipment acquired through debt obligations 0 817,202
Right-of-use assets obtained in exchange for lease liabilities 0 2,913,002
Forgiveness of obligation by acquiree as consideration for acquisition $ (527,965) $ 0