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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2020
Cash flows from operating activities      
Net income $ 9,360,113 $ 35,139,894  
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 2,984,785 702,384  
Net unrealized (gain) loss on investments 1,187,629 (816,150)  
Realized loss on investments 38,378    
Accreted interest 46,957 83,282  
Deferred taxes 3,893,874 (8,514,068)  
Provision for doubtful accounts   146,395  
Share-based compensation 3,433,972 2,503,152  
Gain on forgiveness of PPP loan   (1,377,652)  
(Increase) decrease in operating assets:      
Accounts receivable 16,957,532 (9,055,116)  
Inventories 2,070,742 (8,462,118)  
Other current assets (65,312) (83,512)  
Prepaid estimated taxes (13,027,101)    
Other assets   38,892  
Increase (decrease) in operating liabilities:      
Accounts payable (12,271,594) 8,154,409  
Accrued liabilities (3,067,833) 1,490,008  
Income taxes payable (4,959,878) (1,820,078)  
Net cash provided by operating activities 6,582,264 18,129,722  
Cash flows from investing activities      
Purchase of property, plant, and equipment (13,880,546) (46,511,859)  
Purchase of equity securities (16,196,164) (4,685,960)  
Proceeds from the sales of equity securities 1,924,769    
Net cash used by investing activities (28,151,941) (51,197,819)  
Cash flows from financing activities      
Repayments of long-term debt (213,661) (206,310)  
Proceeds from Technology Investment Agreement (TIA) 10,138,234 39,848,368  
Proceeds from the exercise of stock options 13,800 48,600  
Payment of preferred stock redemption price payable   (101,250)  
Payment of preferred stock repurchase payable (1,101,110) (1,101,110) $ (482,670)
Payment of preferred stock dividends (194,768) (3,784,394)  
Repurchase of common stock (2,818,177) (2,839,326)  
Net cash provided by financing activities 5,824,318 31,864,578  
Net decrease in cash and cash equivalents (15,745,359) (1,203,519)  
Cash and cash equivalents at:      
Beginning of period 29,162,913 17,566,682  
End of period 13,417,554 16,363,163 $ 17,566,682
Supplemental schedule of cash flow information:      
Interest paid 78,789 89,386  
Income taxes paid 12,323,857 21,068,540  
Supplemental schedule of noncash investing and financing activities:      
Preferred dividends declared, not paid 1,417,937 1,399,744  
Conversion of preferred stock to common stock   26,500  
Amounts receivable under Technology Investment Agreement (TIA) 1,836,826 $ (3,014,325)  
Preferred stock repurchase payable $ 1,084,795