v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows from Operating Activities:    
Net loss $ (3,953,187) $ (644,813)
Adjustments to reconcile net loss to net cash (used in) provided by operating activities:    
Depreciation 1,954,462 1,773,773
Deferred tax benefit (881,066)  
Amortization of right-of-use-assets 248,391  
Share based compensation expense 867,370 28,824
Changes in operating assets and liabilities:    
Accounts receivable (933,023) (1,812,046)
Inventory (217,534) (3,399,458)
Prepaid expenses and other current assets (659,802) 1,717,564
Accounts payable (4,985,213) 5,641,863
Customer deposits 2,443,740 11,080,694
Accrued expenses 727,178 1,298,977
Operating lease liabilities (248,391)  
Other current liabilities 115,510 1,332,584
Net cash (used in) provided by operating activities (5,521,565) 17,017,962
Cash Flows from Investing Activities:    
Purchase of property and equipment (16,200) (13,099)
Website and software development costs (1,837,962) (1,759,175)
Net cash used in investing activities (1,854,162) (1,772,274)
Cash Flows from Financing Activities:    
Principal paid on notes payable   (5,156)
Net cash used in financing activities   (5,156)
Net change in cash (7,375,727) 15,240,532
Cash, beginning of period 23,203,230 22,202,706
Cash, end of period 15,827,503 37,443,238
Supplemental disclosure of cash flows information:    
Operating cash outflow from operating leases $ 249,838  
Cash paid for interest   6,490
Cash paid for income taxes   $ 4,000

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