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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Net cash provided by operating activities - continuing operations $ 5,569,530 $ 13,874,865
Net cash used in operating activities - discontinued operations (595,980) (661,698)
Net cash provided by operating activities 4,973,550 13,213,167
Cash flows from investing activities    
Purchase of certificate of deposit   (2,518,493)
Maturity of certificate(s) of deposit   2,500,000
Additions to property, plant and equipment and construction in progress (3,110,041) (1,796,196)
Proceeds from asset dispositions 21,410 24,360
Purchase of non-controlling interest in PERC (2,440,027)  
Net cash used in investing activities (5,528,658) (1,790,329)
Cash flows from financing activities    
Dividends paid to common shareholders (2,640,792) (2,595,547)
Dividends paid to preferred shareholders (5,845) (4,868)
Dividends paid to non-controlling interests   (464,200)
Buyback of redeemable preferred stock (1,830)  
Proceeds received from exercise of stock options 7,251 2,696
Principal repayments on long-term debt (54,708) (31,144)
Net cash used in financing activities (2,695,924) (3,093,063)
Net increase (decrease) in cash and cash equivalents (3,251,032) 8,329,775
Cash and cash equivalents at beginning of period 50,711,751 40,358,059
Cash and cash equivalents at beginning of period - discontinued operations 442,252 750,048
Less: cash and cash equivalents at end of period - discontinued operations (211,272) (344,720)
Cash and cash equivalents at end of period 47,691,699 49,093,162
Non-cash transactions:    
Dividends declared but not paid 1,341,651 1,302,520
Transfers from inventory to property, plant and equipment and construction in progress 139,471 185,013
Transfers from construction in progress to property, plant and equipment 188,871 240,401
Right-of-use assets obtained in exchange for new operating lease liabilities 249,145  
Purchase of equipment through issuance of long-term debt   68,422
Transfers from prepaids to property, plant and equipment 91,123  
Transfers from prepaids to inventory 419,420  
Redeemable preferred stock [Member]    
Non-cash transactions:    
Issuance of shares of common stock for services rendered 287,922 133,197
Common stock [Member]    
Non-cash transactions:    
Issuance of shares of common stock for services rendered 621,811 $ 521,016
Issuance of 368,383 and 0, respectively, shares of common stock for the purchase of non-controlling interests in PERC $ 5,359,973