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Condensed Consolidated Statements of Cash Flows (USD $)
9 Months Ended
Sep. 30, 2014
Sep. 30, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 2,110,129 $ 3,456,469
Loss from discontinued operations (581,652) (402,062)
Income from continuing operations 1,528,477 3,054,407
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 5,074,876 3,959,418
Accretion 139,927 130,530
Amortization of debt issuance costs 304,177 315,898
Provision for doubtful accounts 829,814 37,115
Stock based compensation 312,100 2,423
Gain on sale of marketable securities (183,371) 0
Loss (gain) on sale of assets 10,635 (154,657)
Loss from unconsolidated affiliate 977 5,007
Unrealized holding (gain) loss on contingent consideration (3,000) 215,000
Change in fair value of derivative financial instruments (8,419) 0
Investment tax credit (15,797) (15,797)
Deferred income taxes 1,243,512 2,467,689
Changes in assets and liabilities    
Accounts receivable, including related parties 5,467,686 5,394,354
Unbilled gas 5,011,695 2,501,719
Natural gas inventory (3,048,511) (1,173,128)
Accounts payable, including related parties (3,425,347) (2,398,156)
Recoverable/refundable cost of gas purchases (624,880) (778,963)
Regulatory assets (2,401,250) 245,577
Prepayments and other (560,351) 839,282
Other assets (141,418) (834,170)
Other liabilities (912,571) (191,348)
Net cash provided by operating activities of continuing operations 8,598,961 13,622,200
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (16,276,508) (15,357,615)
Proceeds from sale of fixed assets 33,234 958,448
Proceeds from sale of marketable securities 421,875 0
Proceeds from notes receivable 2,752 5,657
Investment in unconsolidated affiliate 0 (35,000)
Restricted cash - capital expenditures fund 57,441 1,062,763
Customer advances for construction 15,303 31,212
Contributions in aid of construction 1,942,695 296,342
Net cash used in investing activities of continuing operations (13,803,208) (13,038,193)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from lines of credit 16,450,000 14,400,000
Repayments of lines of credit (16,919,000) (20,048,956)
Proceeds from notes payable 102,000 0
Repayments of notes payable (3,429,702) (506,311)
Payments of capital lease obligations (177,570) (167,518)
Debt issuance costs (9,298) (7,492)
Proceeds from issuance of common shares 0 15,943,051
Exercise of stock options 45,761 159,500
Restricted cash - debt service fund 131,840 749,326
Dividends paid (4,242,608) (3,598,449)
Net cash provided by (used in) financing activities of continuing operations (8,048,577) 6,923,151
DISCONTINUED OPERATIONS    
Operating cash flows 1,907,389 1,028,772
Investing cash flows (346,220) (338,827)
Financing cash flows 53,892 (134,552)
Net cash provided by discontinued operations 1,615,061 555,393
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (11,637,763) 8,062,551
Cash and cash equivalents, beginning of period 12,741,197 3,202,643
CASH AND CASH EQUIVALENTS, END OF PERIOD 1,103,434 11,265,194
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 1,842,202 1,930,773
Cash refunded for income taxes, net 6,025 (14,688)
NONCASH INVESTING AND FINANCING ACTIVITIES    
Assets acquired under build-to-suit agreement 4,148,469 0
Restricted cash received from customer as security deposit 949,540 0
Capital expenditures included in accounts payable 848,371 768,079
Accrued dividends 472,163 466,726
Assets acquired through trade-in 85,068 23,500
Assets acquired through debt 25,543 0
Capitalized interest 16,742 6,003
Customer relationships acquired from JDOG Marketing purchase 0 2,800,000
Shares issued to purchase JDOG Marketing 0 2,641,199
Contingent consideration issued to purchase JDOG Marketing 0 2,250,000
Goodwill acquired from JDOG Marketing purchase 0 2,101,744
Capital assets exchanged to settle payables 0 82,584
Note receivable effectively settled in JDOG Marketing acquisition 0 32,145
Plant, property and equipment acquired from JDOG Marketing purchase 0 21,600
Customer advances for construction moved to contribution in aid of construction $ 6,152 $ 16,364