v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
Cash Flows from Operating Activities:    
Net ( loss) income $ (3,356,223) $ 6,223,099
Adjustments to reconcile net (loss) income to net cash provided by operating activities:    
Depreciation 5,480,995 5,034,672
Deferred income tax (913,561) 1,359,964
Share based compensation expensed 3,303,145
Changes in operating assets and liabilities:    
Accounts receivable (270,750) (1,690,002)
Inventory (1,524,797) (1,271,495)
Prepaid expenses and other current assets 235,245 (141,378)
Accounts payable 1,124,844 13,182,228
Customer deposits 1,767,997 5,315,673
Accrued expenses 865,363 (40,065)
Other current liabilities 310,481 906,605
Net cash provided by operating activities 7,022,739 28,879,301
Cash Flows from Investing Activities:    
Purchase of property and equipment (306,165) (17,700)
Purchase of intangible assets (7,769)
Website and software development costs (5,391,016) (5,146,408)
Net cash used in investing activities (5,697,181) (5,171,877)
Cash Flows from Financing Activities:    
Principal paid on notes payable (15,956) (15,892)
Payments of preferred stock dividends (375,000)
Net cash used in financing activities (15,956) (390,892)
Net change in cash 1,309,602 23,316,532
Cash, beginning of year 22,202,706 13,618,835
Cash, end of year 23,512,308 36,935,367
Supplemental disclosure of cash flows information:    
Cash paid for interest 7,114 7,684
Cash paid for income taxes $ 4,000

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