v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Cash Flows from Operating Activities    
Net income (loss) $ (11,096,304) $ (271,482)
Adjustments to reconcile net income (loss) from operations:    
Depreciation and amortization 1,116,585 263,932
Deferred income tax benefit (258,166)  
Amortization of deferred financing costs 103,632
Loss on extinguishment of debt 790,723
PIK interest (46,574)
Interest on convertible notes 53,725
Impairment of investment 1,710,358
Stock-based compensation expense 1,860,767 1,096,441
Beneficial conversion of Bridge notes 636,075
Inventory write-offs (60,799) 26,792
Bad debt expense 65,000 28,248
PPP loan forgiveness (1,032,316)
Changes in operating assets and liabilities (net of acquired amounts):    
Accounts receivable 2,222,194 (3,229,513)
Inventories 264,559 (94,101)
Prepayments and other assets 6,885,588 (5,237,138)
Accounts payable and accrued expenses (97,142) 2,672,135
Operating leases (139,251)
Customer deposits (11,415,622) 4,517,732
Net Cash Provided By (Used In) Operating Activities (8,988,807) 324,885
Cash Flows from Investing Activities    
Business combinations, net of cash acquired (2,709,148) (5,551,642)
Purchases of property and equipment (252,902) (189,815)
Net Cash Used In Investing Activities (2,962,050) (5,741,457)
Cash Flows from Financing Activities    
Repurchase of common stock (3,956,447) (6,901,811)
Proceeds from issuance of Common Stock, net of offering costs 58,405,686
Repayment of debt (5,755,845)
Proceeds from stock issuance 28,796
Payment of finance lease ROU liability (108,500)
Net Cash Provided By (Used In) Financing Activities (4,036,151) 45,748,030
Net Increase (Decrease) in Cash (15,987,008) 40,331,458
Cash at Beginning of Period 34,592,190 184,469
Cash at End of Period 18,605,182 40,515,927
Supplemental Cash Flow Information:    
Interest paid 22,271 222,765
Operating lease right of use asset 421,049
Supplemental disclosure of non-cash investing and financing activities:    
Stock issued related to acquisitions 2,500,000 2,000,000
Operating lease right of use assets and liabilities extension 542,903 632,725
PPP Loan Forgiveness $ 1,032,316

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