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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Net cash provided by operating activities - continuing operations $ 16,926,429 $ 5,285,457
Net cash used in operating activities - discontinued operations (1,123,193) (820,785)
Net cash provided by operating activities 15,803,236 4,464,672
Cash flows from investing activities    
Purchase of certificate of deposit (2,518,493) (2,500,000)
Maturity of certificate of deposit 5,018,493  
Additions to property, plant and equipment and construction in progress (2,947,937) (973,270)
Proceeds from asset dispositions 31,181 45,560
Net cash used in investing activities - continuing operations (416,756) (3,427,710)
Cash flows from financing activities    
Dividends paid to common shareholders (3,841,842) (3,859,412)
Dividends paid to preferred shareholders (8,154) (8,387)
Dividends paid to non-controlling interests (1,102,475) (649,880)
Repurchase of redeemable preferred stock   (14,863)
Payments on note payable (51,564) (35,840)
Proceeds received from exercise of stock options 26,739 17,059
Net cash used in financing activities (4,977,296) (4,551,323)
Net increase (decrease) in cash and cash equivalents 10,409,184 (3,514,361)
Cash and cash equivalents at beginning of period 40,358,059 43,794,150
Cash and cash equivalents at beginning of period - discontinued operations 750,048 154,130
Less: cash and cash equivalents at end of period - discontinued operations (432,002) (36,326)
Cash and cash equivalents at end of period 51,085,289 40,397,593
Non-cash transactions:    
Conversion (on a one-to-one basis) of 0 and 1,111, respectively, shares of redeemable preferred stock to common stock 3,951 5,663
Dividends declared but not paid 1,302,754 1,295,377
Transfers from (to) inventory to (from) property, plant and equipment and construction in progress 246,238 148,138
Transfers from construction in progress to property, plant and equipment 413,416 166,335
Right-of-use assets obtained in exchange for new operating lease liabilities   1,852,608
Purchase of equipment through issuance of long-term debt 68,422 58,220
Redeemable preferred stock [Member]    
Non-cash transactions:    
Stock Issued 133,197 102,203
Common stock [Member]    
Non-cash transactions:    
Stock Issued $ 521,016 $ 745,468