v3.26.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net loss $ (10,385,549) $ (4,748,518)
Adjustments to reconcile net loss to net cash flows provided by operating activities:    
Stock-based compensation 2,698,330 2,404,506
Provision for credit losses 359,339 210,232
Depreciation and amortization expense 19,607,750 19,006,030
Loss (gain) on sale of equipment 41,047 (226,314)
Interest income (5,552) (20,554)
Amortization of debt issuance costs 30,470 37,885
Deferred income tax benefit (2,883,586) (2,606,072)
Operating lease expense 1,503,964 1,261,610
Change in operating assets and liabilities:    
Accounts receivable (11,934,583) (8,081,338)
Net investment in leases 72,857 136,315
Maintenance supplies (367,494) (38,799)
Income tax receivable 140,551 1,001,176
Prepaid expenses and other assets 4,638,761 2,859,066
Deposits 122,989 (145,530)
Accounts payable 2,883,442 896,139
Accrued liabilities (4,536,613) 2,405,414
Income tax payable 42,470
Operating lease liabilities (1,256,609) (1,175,333)
Net cash flows provided by operating activities 729,514 13,218,385
Cash flows from investing activities:    
Proceeds from sale of equipment 176,664 918,217
Purchases of property and equipment (2,618,558) (2,960,892)
Business combinations, net of cash acquired (9,064,475)
Net cash flows used in investing activities (2,441,894) (11,107,150)
Cash flows from financing activities:    
Proceeds from line of credit 7,500,000 3,000,000
Proceeds from long-term debt 9,000,000
Repayments of line of credit (800,000) (5,000,000)
Repayments of long-term debt (10,415,985) (10,820,444)
Repayments of finance lease obligations (8,758) (43,253)
Payment of financing fees (200,000)
Repurchase of common stock (517,884)
Net cash flows used in financing activities (4,442,627) (3,863,697)
Net change in cash (6,155,007) (1,752,462)
Cash and cash equivalents, beginning of period 14,285,745 15,398,714
Cash and cash equivalents, end of period 8,130,738 13,646,252
Supplemental disclosure of cash flow information:    
Cash paid for interest 2,783,873 3,331,751
Cash paid for taxes 337,810 493,617
Noncash investing and financing activity:    
Equipment financed through long-term debt 5,178,593
Earn-out liability 100,000
Issuance of shares for business combinations $ 3,814,864