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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities    
Net loss: $ (45,902,481) $ (13,373,003)
Adjustments to reconcile net loss to net cash used in operating activities:    
Deferred income taxes 65,592 0
Share-based compensation expense 2,302,607 1,760,806
Amortization of debt issuance costs 11,840 5,354
Changes in operating assets and liabilities    
Prepaid expenses and other current assets (3,180,219) (1,849,170)
Accounts payable (2,022,472) 3,596,634
Accrued liabilities 3,790,310 1,479,041
Income taxes payable 163,096 87,882
Amount due to related party within accrued liabilities 72,969 (10,400)
Net cash used in operating activities (44,698,758) (8,302,856)
Cash flows from investing activities    
Purchase of property, plant and equipment (8,802,182) (9,797,400)
Net cash used in investing activities (8,802,182) (9,797,400)
Cash flows from financing activities    
Issuance of shares of Common Stock in connection with exercise of warrants 20,000,000  
Issuance of shares of Common Stock in connection with stock option exercises 450,000  
Issuance of shares of Common Stock in connection with the Business Combination (see Note 3), net of direct and incremental costs paid 264,882,682  
Repayment of mortgage payable (3,562,500) 0
Costs and fees on issuance of Common Stock   (324,555)
Borrowings on mortgage payable, net of debt discount   3,545,306
Issuance of Common Stock and warrants to purchase Common Stock of POINT Biopharma Inc.   25,426,254
Net cash provided by financing activities 281,770,182 28,647,005
Net increase in cash and cash equivalents 228,269,242 10,546,749
Cash and cash equivalents, beginning of period 10,546,749 0
Cash and cash equivalents, end of period 238,815,991 10,546,749
Supplemental disclosure of cash flow information:    
Cash paid for income taxes (68,785) 0
Cash paid for interest on mortgage payable (92,338) (25,462)
Non-cash investment activities:    
Purchase of property, plant and equipment recorded in accounts payable and accrued liabilities $ 812,504 $ 0