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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Operating Activities      
Net income (loss) $ (2,758,567) $ (1,307,890) $ 3,334,043
Items not involving cash:      
Amortization 1,573,091 898,705 384,827
Write-off of inventory 117,403 114,066 62,402
Gain on sale of property, plant and equipment 8,389 0 0
Share-based expense 133,645 423,538 345,498
Bad debts (recovery) 2,000 0 (20,206)
Gain on revaluation of derivative warrant liability (658,626) 0 0
Unrealized foreign exchange gain (26,409) (100) (1,669)
Cash flows from (used in) operations before changes in working capital (1,609,074) 128,319 4,104,895
Changes in non-cash working capital      
Accounts receivable (273,350) 1,288,904 (580,122)
Prepaid expenses 1,249 (66,112) 13,631
Inventory (182,655) (2,178,694) 213,283
Accounts payable and accrued liabilities 332,076 (754,343) 262,725
Income tax payable (91,566) 20,225 (395,398)
Changes in non-cash working capital (214,246) (1,690,020) (485,881)
Cash Provided by (Used in) Operating Activities (1,823,320) (1,561,701) 3,619,014
Investing Activities      
Proceeds from disposition of property, plant and equipment 27,704 0 0
Acquisition of property, plant and equipment (131,382) (1,713,875) (428,954)
Deposit on intangible assets (127,643) 0 0
Acquisition of intangible assets (169,973) 0 0
Cash Used in Investing Activities (401,294) (1,713,875) (428,954)
Financing Activities      
Issue of common shares, net of share issue costs 4,589,849 0 0
Exercise of options 55,000 0 0
Lease liability payments (104,493) (93,711) (19,737)
Cash Provided by (Used in) Financing Activities 4,540,356 (93,711) (19,737)
Foreign Exchange Effect on Cash 12,673 100 1,669
Inflow (Outflow) of Cash and Cash Equivalents 2,328,415 (3,369,187) 3,171,992
Cash and Cash Equivalents, Beginning of Year 1,049,049 4,418,236 1,246,244
Cash and Cash Equivalents, End of Year $ 3,377,464 $ 1,049,049 $ 4,418,236