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STATEMENTS OF CASH FLOWS - USD ($)
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities      
Net income (loss) $ (7,011,036) $ 5,078,557 $ 56,064,241
Adjustments to reconcile net income to net cash provided by operating activities:      
Depreciation and amortization 7,527,227 4,602,961 1,257,417
Net unrealized (gain) loss on investments 10,521,166 (2,343,359) (513,529)
Realized gain (loss) on investments (5,574,792) 327,926  
Accreted interest 9,157 60,115 109,019
Bond amortization (970) (159)  
Deferred taxes (1,873,367) 7,347,171 (9,234,628)
Provision for doubtful accounts 626,940 322,991 150,000
Share-based compensation   10,125,813 3,660,387
Net realizable value inventory adjustment 175,355    
Other income - TIA (6,223,891) (3,832,747)  
Gain on forgiveness of PPP loan     (1,377,652)
(Increase) decrease in operating assets:      
Accounts receivable (6,463,542) 29,701,396 (13,877,663)
Inventories 2,927,445 (94,249) (10,355,273)
Other current assets 313,848 (564,496) (17,652)
Income taxes receivable 9,464,758 (10,619,886)  
Other assets 32,460 (178,850) 38,892
Increase (decrease) in operating liabilities:      
Accounts payable (1,625,890) (13,999,647) 4,148,128
Accrued liabilities 807 (4,269,163) 2,147,705
Income taxes payable (58,827) (4,896,246) 594,107
Net cash from operating activities 2,766,848 16,768,128 32,793,499
Cash flows from investing activities      
Purchase of property, plant, and equipment (852,979) (16,830,077) (58,366,563)
Purchase of debt and equity securities (68,481,490) (18,135,191) (4,748,624)
Proceeds from the sales of equity securities 58,572,186 3,762,454 75,000
Net cash used by investing activities (10,762,283) (31,202,814) (63,040,187)
Cash flows from financing activities      
Repayments of long-term debt (281,866) (283,933) (274,791)
Proceeds from Technology Investment Agreement (TIA) 2,563,229 14,235,417 52,366,282
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) (1,101,110)
Payment of preferred stock dividends (232,445) (252,879) (3,824,311)
Redemption of preferred stock (6,168)    
Repurchase of common stock   (7,618,177) (5,270,501)
Net cash from financing activities 941,640 4,993,118 41,842,919
Net increase (decrease) in cash and cash equivalents (7,053,795) (9,441,568) 11,596,231
Cash and cash equivalents at:      
Beginning of period 19,721,345 29,162,913 17,566,682
End of period 12,667,550 19,721,345 29,162,913
Supplemental schedule of cash flow information:      
Interest paid 161,322 110,537 118,163
Income taxes paid (received) (9,747,329) 12,323,857 27,124,342
Supplemental schedule of noncash investing and financing activities:      
Preferred dividends declared, not paid 1,417,437 1,417,937 1,438,371
Conversion of preferred stock to common stock     30,500
Amounts receivable under Technology Investment Agreement (TIA)   2,025,413 5,924,136
Redemption price payable $ 6,000 6,000 6,000
Preferred stock repurchase payable   $ 1,091,953 $ 2,132,948