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CONSOLIDATED CASH FLOW STATEMENTS - USD ($)
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Operations    
Net income $ 15,689,133 $ 10,048,875
Adjustments to reconcile net income to net cash provided by operations:    
Depreciation, amortization, and other 1,451,834 926,095
Bad debt expense 120,554 83,003
Other income from forgiveness of Federal Loan 0 (1,668,200)
Income tax valuation allowance reduction (1,488,258) 0
Write-off (reserve reduction) of notes receivable and accrued interest receivable (838,647) 887,821
Changes in operating assets and liabilities:    
Trade receivables (903,796) (3,969,701)
Inventories (4,707,349) (3,554,802)
Prepaid expenses (792,778) (60,996)
Other assets 985,509 (1,024,234)
Accounts payable and accrued expenses 1,367,713 752,379
Operating leases 32,712 27,275
Customer deposits and other liabilities (896,742) 357,548
Net cash provided by operations 10,019,885 2,805,063
Investing    
Investment in note receivable 0 (300,000)
Payments from note receivable 260,397 61,353
Purchase of property and equipment (272,748) (3,138,715)
Acquisition of Avail Recovery Solutions' assets, net of cash acquired 0 (1,511,130)
Additional cash payment for Avail Recovery Solutions' assets (216,988) 0
Acquisition of Cexchange assets, net of cash acquired 0 13,136
Net cash used in investing (229,339) (4,875,356)
Financing    
Payments on notes payable, related party 0 (268,793)
Payments on notes payable (1,058,725) (212,802)
Proceeds from line of credit 0 1,700,000
Payments on line of credit (1,700,000) 0
Proceeds from notes payable for retail and office buildings 0 1,772,000
Net cash provided by (used in) financing (2,758,725) 2,990,405
Net change in cash and cash equivalents 7,031,821 920,112
Cash and cash equivalents, beginning of period 10,138,148 9,218,036
Cash and cash equivalents, end of period 17,169,969 10,138,148
Supplemental Disclosures    
Interest 491,828 688,391
Income taxes 133,000 86,000
Non-cash activities:    
Transfer Avail goodwill to intangibles 2,736,000 0
Acquisition of Cexchange assets and liabilities through forgiveness of debt 0 1,555,892
Notes payable, related party refinanced directly by Farmers State Bank $ 0 $ 9,091,049