Annual report pursuant to Section 13 and 15(d)

CONSOLIDATED BALANCE SHEETS (Parenthetical)

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CONSOLIDATED BALANCE SHEETS (Parenthetical) - USD ($)
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Property, plant, and equipment, after accumulated depreciation $ 82,085,847 $ 440,148,967
Leased property, accumulated depreciation 0 299,463
Reserve for financing notes and related accrued interest receivable 50,000 600,000
Cash and cash equivalents 13,294,728 17,830,482
Accounts and other receivables 10,357,380 14,164,525
Due from affiliated companies 12,500 167,743
Deferred costs, accumulated amortization 1,039,918 726,619
Inventory 2,283,592 5,950,051
Prepaid expense and other assets 8,852,383 9,478,146
Operating lease right-of-use asset 6,070,298 4,722,361
Deferred tax asset, net 206,630 0
Debt issuance costs 163,980 665,547
Accounts payable and other accrued liabilities 26,249,602 26,316,216
Income tax payable 21,982 174,849
Due to affiliated companies 118,775 209,750
Operating lease liability 6,480,693 4,696,410
Unearned revenue $ 390,749 $ 5,948,621
Preferred stock, par value (in dollars per share) $ 0.001  
Preferred stock, shares authorized 69,367,000  
Preferred stock, shares outstanding 51,810  
Series A Cumulative Redeemable Preferred Stock    
Preferred stock interest rate 7.375% 7.375%
Preferred stock, liquidation preference $ 139,078,195 $ 139,078,195
Preferred stock, liquidation preference (in dollars per share) $ 2,500 $ 2,500
Preferred stock, par value (in dollars per share) $ 0.001 $ 0.001
Preferred stock, shares authorized 69,367,000 69,367,000
Preferred stock, shares issued 51,810 51,810
Preferred stock, shares outstanding 51,810 51,810
Common stock, par value (in dollars per share) $ 0.001  
Non-Convertible Common Stock    
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares issued 15,353,833 15,253,958
Common stock, shares outstanding 15,353,833 15,253,958
Common stock, shares authorized 100,000,000 100,000,000
Common Class B    
Common stock, par value (in dollars per share) $ 0.001 $ 0.001
Common stock, shares issued 683,761 683,761
Common stock, shares outstanding 683,761 683,761
Common stock, shares authorized 11,896,100 11,896,100
Convertible Debt    
Unamortized discount and debt issuance costs $ 1,068,771 $ 1,726,470
VIE    
Property, plant, and equipment, after accumulated depreciation 82,085,847 340,205,058
Cash and cash equivalents 7,761,457 1,874,319
Accounts and other receivables 10,348,545 10,343,769
Due from affiliated companies 12,500 167,743
Inventory 2,283,592 5,804,776
Prepaid expense and other assets 3,854,310 3,414,372
Operating lease right-of-use asset 5,987,186 4,452,210
Deferred tax asset, net 206,553 0
Accounts payable and other accrued liabilities 16,394,243 16,889,980
Income tax payable 0 85,437
Due to affiliated companies 118,775 209,750
Operating lease liability 6,397,582 4,454,196
Unearned revenue 390,749 203,725
Property, Plant and Equipment, Other Types    
Accumulated depreciation, property and equipment 87,102 52,908,191
Property, plant, and equipment, after accumulated depreciation $ 82,085,847 $ 440,148,967