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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES          
Net loss     $ (29,173,646) $ (20,759,515)  
Adjustments to reconcile net loss to net cash used in operating activities:          
Inventory valuation adjustments     3,657,788 464,000  
Depreciation $ 167,940 $ 98,098 487,164 515,907  
Depreciation capitalized into inventory     1,959,536 1,678,558  
Non-cash operating lease expense     852,687 764,266  
Amortization of intangible assets 172,267 206,442 516,800 619,327 $ 817,215
Stock-based payments     2,636,594 4,289,820  
Interest Expense     3,430,733 1,764,711  
Impairment of long-lived assets 2,108,703   7,476,618    
Deferred income tax     (4,185,000) (180,000)  
Accretion     3,407,030 310,704  
Loss on Sale of Property and Equipment     3,347    
Gain on disposal of OMS       (437,107)  
Gain on disposal of royalty asset     (168,359)    
Change in operating assets and liabilities:          
Accounts Receivable     (1,408,580) 18,384  
Prepaid expenses     (1,601,742) (1,573,909)  
Inventory     (2,205,236) (7,765,288)  
Accounts payable and accrued liabilities     2,360,044 (2,555,634)  
Change in assets and liabilities held for sale       124,843  
Net cash used in operating activities     (11,954,222) (22,720,933)  
CASH FLOWS FROM INVESTING ACTIVITIES:          
PP&E Additions     (4,938,587) (14,637,331)  
Proceeds from sale of property, plant, and equipment     387,512    
Proceeds from sale of royalty asset     236,635    
Acquisition of MJ Distributing       (1,592,500)  
Proceeds from sale of OMS net of cash       1,150,000  
Deposits     (482,539) 67,841  
Net cash provided by (used in) investing activities     (4,796,979) (15,011,990)  
CASH FLOWS FROM FINANCING ACTIVITIES          
Proceeds from long-term debt, net of issuance costs     24,868,143 23,162,526  
Convertible debt payment       (900,000)  
Proceeds from option exercises     7,201 1,152,596  
Lease principal payments     (1,437,346) (1,008,584)  
Net cash provided by financing activities     23,437,998 22,406,538  
Net change in cash and restricted cash     6,686,797 (15,326,385)  
Cash and restricted cash, beginning of period     15,155,279 27,105,680 27,105,680
Cash and restricted cash, end of period $ 21,842,076 $ 11,779,295 $ 21,842,076 $ 11,779,295 $ 15,155,279