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CONDENSED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Cash flows from operating activities    
Net loss $ (15,657,246) $ (6,938,090)
Adjustments to reconcile net loss to net cash from operating activities:    
Depreciation and amortization 5,683,496 5,826,203
Net unrealized (gain) loss on investments (1,402,660) 11,298,207
Realized gain on investments   (5,574,791)
Accreted interest   9,157
Bond amortization (763)  
Deferred taxes 8,392,030 (2,014,939)
Provision for credit losses 414,598 452,547
Net realizable value inventory adjustment (9,466) 172,203
Other income - TIA (4,429,383) (4,479,773)
(Increase) decrease in operating assets:    
Accounts receivable 1,582,349 (3,797,674)
Inventories (3,710,174) (1,954,988)
Other current assets (16,281) 167,166
Income taxes receivable 43,226 9,475,906
Other assets 37,261 25,008
Increase (decrease) in operating liabilities:    
Accounts payable (1,527,704) (3,011,574)
Accrued liabilities 147,356 1,241,700
Income taxes payable 1,062 (23,263)
Net cash from (used) operating activities (10,452,299) 873,005
Cash flows from investing activities    
Purchase of property, plant, and equipment (1,141,885) (699,283)
Purchase of debt and equity securities (757,683) (68,287,428)
Proceeds from the sales of debt and equity securities 4,000,000 58,572,186
Net cash from (used) investing activities 2,100,432 (10,414,525)
Cash flows from financing activities    
Repayments of long-term debt (225,605) (209,789)
Proceeds from Technology Investment Agreement (TIA)   2,563,229
Payment of preferred stock repurchase payable   (1,101,110)
Payment of preferred stock dividends (172,832) (174,333)
Net cash from (used) financing activities (398,437) 1,077,997
Net decrease in cash and cash equivalents (8,750,304) (8,463,523)
Cash and cash equivalents at:    
Beginning of period 12,667,550 19,721,345
End of period 3,917,246 11,257,822
Supplemental schedule of cash flow information:    
Interest paid 94,691 71,867
Income taxes paid
Supplemental schedule of noncash investing and financing activities:    
Preferred dividends declared, not paid $ 57,611 $ 57,611