v3.26.1
Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities:    
Net income (loss) $ 87,508,220 $ (2,843,996)
Adjustments to reconcile net income (loss) to net cash used in operating activities:    
Stock-based compensation 104,107 175,228
Provision for credit losses 60,660 24,758
Depreciation and amortization 3,282,274 3,241,345
Gain on dispositions (12,461,477) (1,698,228)
Amortization of debt issuance costs 270,969 0
Amortization of premium (2,792,878) (3,767,682)
Noncash gain on debt restructure (99,672,660) 0
Gain on repurchase of long-term debt 0 (525,000)
Deferred income taxes (90,336) (1,296,269)
Equity in earnings of unconsolidated affiliates 85,496 41,358
Change in operating assets and liabilities:    
Accounts receivable 7,707,262 247,142
Prepaid expenses (135,800) (2,116,123)
Other assets (302,650) (1,565,380)
Accounts payable (11,640,710) 4,991,505
Other current liabilities 7,299,097 4,825,927
Other long-term liabilities 5,111,419 0
Other operating activities 420,295 (154,508)
Net cash used in operating activities (15,246,712) (419,923)
Cash flows from investing activities:    
Capital expenditures (1,454,453) (1,373,338)
Proceeds from disposition 19,319,709 2,746,507
Net cash provided by investing activities 17,865,256 1,373,169
Cash flows from financing activities:    
Issuance of debt 15,059,156 0
Payments of debt (18,752,526) 0
Payment of debt issuance costs (2,709,711) 0
Repurchase of long-term debt 0 (975,000)
Issuance of common stock 635,595 0
Purchase of treasury stock (90,250) (27,042)
Net cash used in financing activities (5,857,736) (1,002,042)
Net decrease in cash and cash equivalents (3,239,192) (48,796)
Cash and cash equivalents at beginning of period 9,936,783 13,772,720
Cash and cash equivalents at end of period 6,697,591 13,723,924
Cash paid for interest 2,304,088 6,628,990
Cash paid for income taxes $ 18,060 $ 1,170,800