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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2018
Dec. 31, 2017
Cash flows from operating activities    
Net income $ 11,989,274 $ 5,732,573
Adjustments to reconcile net income to net cash provided by operating activities:    
Income from discontinued operations (1,115,825) (1,041,234)
Depreciation and amortization 7,034,234 7,290,068
Deferred income tax benefit (365,019) (888,977)
Unrealized (gain) loss on put/call option 256,000 (960,000)
Compensation expense relating to stock and stock option grants 850,138 803,577
Net loss on disposal of fixed assets 36,562 117,969
Foreign currency transaction adjustment 2,593 6,685
Profit sharing and equity in earnings of OC-BVI (2,452,355) (174,377)
Impairment loss on long-lived assets 20,211 1,656,362
Impairment of goodwill 0 1,400,000
Distribution of earnings from OC-BVI 2,651,250 1,477,125
Change in:    
Accounts receivable and costs and estimated earnings in excess of billings (10,155,032) 1,007,753
Inventory (1,131,409) (209,975)
Prepaid expenses and other assets (158,238) (3,115,279)
Accounts payable, accrued expenses and other current liabilities, and billings in excess of costs and estimated earnings 528,013 191,500
Net cash provided by operating activities - continuing operations 7,990,397 13,293,770
Net cash provided by operating activities - discontinued operations 1,055,949 1,827,649
Net cash provided by operating activities 9,046,346 15,121,419
Cash flows from investing activities    
Additions to property, plant and equipment and construction in progress (16,202,520) (4,549,857)
Proceeds from sale of equipment 51,590 22,427
Collections on loans receivable 1,400,448 1,633,588
Payment for land and right of way held for development (2,655,349) 0
Net cash used in investing activities - continuing operations (17,405,831) (2,893,842)
Net cash used in investing activities - discontinued operations 0 (26,860)
Net cash used in investing activities (17,405,831) (2,920,702)
Cash flows from financing activities    
Dividends paid to common shareholders (5,092,796) (4,464,712)
Dividends paid to preferred shareholders (2,846) (11,213)
Issuance (repurchase) of redeemable preferred stock (4,362) 8,058
Payments on note payable to related party (1,470,000) (490,000)
Issuance of note payable to related party 784,000 686,000
Net cash used in financing activities (5,786,004) (4,271,867)
Net increase (decrease) in cash and cash equivalents (14,145,489) 7,928,850
Cash and cash equivalents at beginning of period 45,482,966 37,554,116
Cash and cash equivalents at end of period $ 31,337,477 $ 45,482,966