v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended 24 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:      
NET INCOME (LOSS) $ 327,669 $ (4,427,810)  
Adjustments to Reconcile Net Income to Net Cash      
Depreciation and Amortization 20,049,169 18,281,844  
(Gain) Loss on Sale of Investments (144,789) 257,807  
Impairment of Goodwill (0) 4,978,369  
Unrealized (Gains) Losses on Investments 22,646 0  
Undistributed Earnings of Other Equity Investments (333,824) (183,520)  
Noncash Patronage Refund (182,423) (166,519)  
Stock Issued in Lieu of Cash Payment 427,478 409,461  
Distributions from Equity Investments 225,453 127,529  
Stock-based Compensation 283,007 398,264  
Changes in Assets and Liabilities:      
Receivables (263,615) 1,072,249  
Income Taxes Receivable (936,487) (183,450)  
Inventories for Resale 30,674 146,522  
Prepaid Expenses (61,768) 250,921  
Other Assets 17,791 116,074  
Accounts Payable 504,568 51,011  
Checks Written in Excess of Cash Balance (1,796,713) (474,119)  
Accrued Income Taxes 0 (581,098)  
Other Accrued Taxes 7,484 9,921  
Other Accrued Liabilities 889,699 (1,011,813)  
Deferred Income Tax 148,594 (50,555)  
Deferred Compensation (44,073) (45,797)  
Net Cash Provided by Operating Activities 19,170,540 18,975,291  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Additions to Property, Plant, and Equipment, Net (33,228,372) (53,757,778)  
Materials and Supplies for Construction 6,110,723 9,523,799  
Other, Net 90,740 239,797  
Net Cash Used in Investing Activities (27,026,909) (43,994,182)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Principal Payments of Long-Term Debt 0 (100,000,000)  
Loan Proceeds 0 125,000,000  
Loan Origination Fees (35,000) (1,709,522)  
Changes in Revolving Credit Facility 2,613,016 (5,665,450)  
Grants Received for Construction of Plant 3,741,513 8,020,656  
Net Cash Provided by Financing Activities 6,319,529 25,645,684  
NET CHANGE IN CASH (1,536,840) 626,793  
CASH at Beginning of Period 1,886,697 1,259,904 $ 1,259,904
CASH at End of Period 349,857 1,886,697 $ 349,857
Supplemental cash flow information:      
Cash paid for interest 11,146,324 10,078,263  
Net cash paid for income taxes $ 1,037,209 $ 1,123,024