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Consolidated Cash Flow Statements - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Operations    
Net income $ 6,383,943 $ 2,780,713
Adjustments to reconcile net income to net cash from (used in) operations:    
Depreciation, amortization, and other 728,626 520,298
Stock-based compensation to employees, officers and directors 325 0
Changes in operating assets and liabilities:    
Trade receivables 151,124 (1,877,783)
Inventories (497,444) 1,464,843
Prepaid expenses (108,884) (3,375)
Other assets 7,145 (47,374)
Accounts payable and accrued expenses (29,332) (492,952)
Accounts payable, related party 0 (3,074,021)
Operating leases (1,984) 124,713
Customer deposits and other liabilities 263,572 62,110
Net cash from (used in) operations 6,897,091 (542,828)
Investing    
Investment in note receivable (2,100,000) 0
Purchase of property and equipment (5,864,588) (102,989)
Purchase of intangible assets 0 (60,000)
Acquisition of Echo Entities, net of cash acquired 0 (5,876,516)
Net cash used in investing (7,964,588) (6,039,505)
Financing    
Short-term financing, line of credit 0 150,000
Financing for the acquisition of the Echo Entities 0 6,925,979
Financing to pay off accounts payable, related party 0 3,074,021
Payments on short-term financing, line of credit 0 (150,000)
Payments on notes payable, related party (279,210) (360,948)
Payments on notes payable (26,117) 0
Proceeds from PPP loan 1,668,200 0
Proceeds from notes payable for retail and office buildings 4,412,000 0
Net cash from (used in) financing 5,774,873 9,639,052
Net change in cash and cash equivalents 4,707,376 3,056,719
Cash and cash equivalents, beginning of period 4,510,660 1,453,941
Cash and cash equivalents, end of period 9,218,036 4,510,660
Cash paid during the period for:    
Interest 620,499 390,864
Income taxes $ 59,025 $ 43,578