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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Operations    
Net income $ 4,161,384 $ 1,740,323
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation, amortization, and other 421,131 359,435
Bad debt expense 6,249 0
Changes in operating assets and liabilities:    
Trade receivables (3,365,999) 140,228
Inventories (2,579,991) 145,381
Prepaid expenses (169,373) (1,269,517)
Other assets (146,042) (95,695)
Accounts payable and accrued expenses 1,574,520 (831,398)
Operating leases 20,493 (16,782)
Customer deposits and other liabilities 341,260 369,511
Net cash provided by operations 263,632 541,486
Investing    
Investment in note receivable (654,958) (1,500,000)
Purchase of property and equipment (484,594) (29,046)
Acquisition of CExchange assets and liabilities, net of cash acquired 13,136 0
Net cash used in investing (1,126,416) (1,529,046)
Financing    
Payments on notes payable, related party (144,787) (138,683)
Payments on notes payable (79,353) 0
Proceeds from Paycheck Protection Program Note 0 1,668,200
Net cash provided by (used in) financing (224,140) 1,529,517
Net change in cash and cash equivalents (1,086,924) 541,957
Cash and cash equivalents, beginning of period 9,218,036 4,510,660
Cash and cash equivalents, end of period 8,131,112 5,052,617
Supplemental Disclosures    
Interest 359,253 291,845
Income taxes 56,900 0
Non cash activites:    
Acquisition of CExchange assets and liabilities $ 1,555,892 $ 0