v3.20.4
Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Cash Flows from Operating Activities:    
Net income (loss) $ 2,113,829 $ (655,840)
Adjustments to reconcile net income (loss) to net cash provided by operating activities:    
Depreciation 6,859,237 5,847,413
Deferred income tax (836,500) (143,044)
Gain sale of fixed assets (3,228) (500)
Changes in operating assets and liabilities:    
Accounts receivable (1,067,867) (56,549)
Inventory (1,456,889) (631,233)
Prepaid expenses and other current assets (2,777,595) (115,471)
Accounts payable 10,418,256 79,901
Customer deposits 7,585,734 (756,598)
Accrued expenses 458,002 451,924
Other current liabilities 695,613 248,994
Net cash provided by operating activities 21,988,592 4,268,997
Cash Flows on Investing Activities:    
Proceeds from sale of fixed assets 36,000 500
Purchase of property and equipment (58,544) (85,345)
Purchase of intangible assets (15,269) (5,570)
Website and software development costs (7,283,044) (7,108,461)
Net cash used in investing activities (7,320,857) (7,198,876)
Cash Flows from Financing Activities:    
Principal paid on notes payable (20,892) (20,386)
Payments of preferred stock dividends (442,697) (500,000)
Cash payments for cancellation of Legacy warrants (5,620,275)
Net cash used in financing activities (6,083,864) (520,386)
Net change in Cash 8,583,871 (3,450,265)
Cash, beginning of year 13,618,835 17,069,100
Cash, end of year 22,202,706 13,618,835
Supplemental disclosure of cash flows information:    
Cash paid for interest 7,684 6,130
Cash paid for income taxes $ 3,200

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