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Consolidated Statements of Cash Flows (Unaudited) (USD $)
3 Months Ended
Mar. 31, 2014
Mar. 31, 2013
CASH FLOWS FROM OPERATING ACTIVITIES    
Net income $ 5,018,491 $ 4,787,723
Less gain (loss) from discontinued operations (15,561) 18,113
Income from continuing operations 5,034,052 4,769,610
Adjustments to reconcile income from continuing operations to net cash provided by operating activities:    
Depreciation and amortization 1,821,178 1,421,570
Accretion 46,578 42,607
Amortization of debt issuance costs 103,145 104,065
Stock based compensation 308,330 807
(Gain) loss on sale of assets (22,356) 28,268
Loss from unconsolidated affiliate 973 1,080
Investment tax credit (5,265) (5,265)
Deferred income taxes 2,989,830 2,886,713
Changes in assets and liabilities    
Accounts receivable, including related parties (4,220,815) (665,538)
Unbilled gas 603,759 154,058
Restricted cash (949,540)  
Natural gas inventory 4,621,340 4,238,526
Accounts payable, including related parties 4,031,673 908,681
Recoverable/refundable cost of gas purchases (7,729,264) (2,276,426)
Prepayments and other (611,420) 207,860
Other assets 122,081 67,218
Other liabilities (187,612) (864,062)
Net cash provided by operating activities of continuing operations 5,956,667 11,019,772
CASH FLOWS FROM INVESTING ACTIVITIES    
Capital expenditures (5,718,202) (5,066,920)
Proceeds from sale of fixed assets 22,356 8,100
Proceeds from related party notes receivable 2,056 2,968
Restricted cash - capital expenditures fund (59) 325,421
Customer advances for construction 132 20,668
Contributions in aid of construction 211,004 52,410
Net cash used in investing activities of continuing operations (5,482,713) (4,657,353)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from lines of credit 7,000,000 3,750,000
Repayments of lines of credit (7,900,000) (9,690,000)
Repayments of notes payable (127,190) (127,042)
Debt issuance costs   (6,652)
Exercise of stock options   159,500
Restricted cash - debt service fund (533) (883)
Dividends paid (1,410,978) (1,131,717)
Net cash used in financing activities of continuing operations (2,438,701) (7,046,794)
DISCONTINUED OPERATIONS    
Operating cash flows (40,444) 31,402
Investing cash flows   595
Financing cash flows (8,627) 9,000
Net cash provided by (used in) discontinued operations (49,071) 40,997
NET DECREASE IN CASH AND CASH EQUIVALENTS (2,013,818) (643,378)
Cash and cash equivalents, beginning of period 13,147,381 3,435,117
CASH AND CASH EQUIVALENTS, END OF PERIOD 11,133,563 2,791,739
SUPPLEMENTAL DISCLOSURES OF CASH FLOW INFORMATION    
Cash paid for interest 502,812 543,906
Cash refunded for income taxes, net 325 (21,450)
NONCASH INVESTING AND FINANCING ACTIVITIES    
Capital expenditures included in accounts payable 1,095,671 707,846
Capital assets acquired through trade-in 30,068  
Accrued dividends 470,326 377,539
Capitalized interest $ 3,964 $ 1,760