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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2020
Mar. 31, 2019
Cash flows from operating activities    
Net income (loss) $ 2,390,251 $ (5,068,995)
Adjustments to reconcile net loss to cash provided by (used in) operating activities    
Stock based compensation expense 163,269 143,063
Depreciation and amortization 1,634,547 1,737,013
Gain on sale of assets 0 (2,293)
Bad debt and reduction in allowance for bad debt 23,925 (303,796)
(Decrease) increase in fair value of derivative warrant liability (1,698,747) 1,705,094
(Gain) Loss on commodity derivative contracts (4,427,782) 759,767
Net cash settlements on commodity derivatives 4,507,370 (657,577)
Amortization of debt discount and deferred costs 47,826 143,477
Changes in operating assets and liabilities    
Accounts receivable 2,260,654 (4,375,379)
Inventory 2,112,459 1,820,641
Prepaid expenses 1,061,222 1,173,298
Accounts payable (1,603,145) 1,359,493
Accrued expenses (3,269,590) (408,686)
Other assets (87,251) (2,000)
Net cash provided by (used in) operating activities 3,115,008 (1,976,880)
Cash flows from investing activities    
Internally developed software (49,229) 0
Purchase of fixed assets (442,180) (774,897)
Proceeds from sale of fixed assets 0 10,000
Net cash used in investing activities (491,409) (764,897)
Cash flows from financing activities    
Payments on finance leases (53,119) (23,382)
Contributions received from redeemable noncontrolling interest 21,000,000 0
Line of credit (payments) proceeds, net (3,276,230) 2,525,874
Proceeds from note payable 0 187,501
Payments on note payable (8,098,879) (1,021,239)
Net cash provided by financing activities 9,571,772 1,668,754
Net change in cash, cash equivalents and restricted cash 12,195,371 (1,073,023)
Cash, cash equivalents, and restricted cash at beginning of the period 4,199,825 2,849,831
Cash, cash equivalents, and restricted cash at end of period 16,395,196 1,776,808
SUPPLEMENTAL INFORMATION    
Cash paid for interest 352,806 602,732
Cash paid for taxes 0 0
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Accretion of discount on Series B and B1 Preferred Stock 932,003 560,675
Dividends-in-kind accrued on Series B and B1 Preferred Stock 344,499 406,795
Initial adjustment of carrying amount redeemable noncontrolling interest 9,091,068 0
Accretion of redeemable noncontrolling interest to redemption value 10,966,349 0
Series B1 Preferred Stock    
NON-CASH INVESTING AND FINANCING TRANSACTIONS    
Conversion of Series B1 Preferred Stock into common stock 3,368,474 $ 150,010
Dividends-in-kind accrued on Series B and B1 Preferred Stock $ 163,908