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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2018
Jun. 30, 2017
Net cash provided by (used in) operating activities $ (2,105,154) $ 10,638,537
Cash flows from investing activities    
Additions to property, plant and equipment and construction in progress (8,727,473) (2,551,511)
Proceeds from sale of equipment 11,190 18,027
Collections on loans receivable 688,888 966,651
Payment for land held for development (25,152) 0
Net cash used in investing activities (8,052,547) (1,566,833)
Cash flows from financing activities    
Dividends paid to common shareholders (2,543,807) (2,231,021)
Dividends paid to preferred shareholders (2,846) (5,284)
Issuance of redeemable preferred stock 5,735 6,588
Repayment of note payable to related party (392,000) (490,000)
Issuance of note payable to related party 0 392,000
Net cash used in financing activities (2,932,918) (2,327,717)
Net increase (decrease) in cash and cash equivalents (13,090,619) 6,743,987
Cash and cash equivalents at beginning of period 47,182,966 39,254,116
Cash and cash equivalents at end of period 34,092,347 45,998,103
Interest paid in cash 6,539 7,074
Non-cash investing and financing activities    
Conversion (on a one-to-one basis) of 454 and 368, respectively, shares of redeemable preferred stock to common stock 272 221
Dividends declared but not paid 1,275,030 1,120,122
Transfers from inventory to property, plant and equipment and construction in progress 192,748 147,886
Transfers from construction in progress to property, plant and equipment 354,771 289,915
Transfers from other assets to construction in progress 1,253,299 0
Obligation incurred for investment in land 59,084 0
Common Stock [Member]    
Non-cash investing and financing activities    
Stock Issued 441,161 203,551
Preferred Stock [Member]    
Non-cash investing and financing activities    
Stock Issued $ 96,317 $ 118,485