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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net cash used in operating activities $ (17,363,332) $ (23,486,438)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of equity investment (622,917) 0
Purchase of plant and equipment (2,577,292) (82,799)
Purchase of land use right and property (268,993) 0
Acquisition of CAE's equity interests (1,924,557) (2,843,003)
Proceeds from disposal of property, plant and equipment 0 327
Loans provided to third parties (100,000) (1,047,053)
Net cash used in investing activities (5,493,759) (3,972,528)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment of loans to related parties 0 (1,750,367)
Repayment of loans to third parties 0 (421,222)
Purchase of CAE's loan 0 (13,228,101)
Reduction of capital 0 (13,930,000)
Redemption of convertible promissory notes (39,583,321) 0
Payment of expense for the reverse recapitalization 0 (904,843)
Net cash used in financing activities (39,583,321) (30,234,533)
Effect of exchange rate changes on cash 283,806 97,755
Net decrease in cash, cash equivalents and restricted cash (62,156,606) (57,595,744)
Cash, cash equivalents and restricted cash at beginning of period 154,096,801 261,664,962
Cash, cash equivalents and restricted cash at end of period 91,940,195 204,069,218
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Interest paid 0 377,717
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Cashless exercise of warrants $ 2,168,185 $ 0