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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES      
Net income (loss) $ (4,445,260) $ (10,524,493) $ 450,476
Adjustments to Reconcile Net Income (Loss) to Cash Provided by (Used in) Operating Activities      
Share based compensation 74,604 534,572 325,887
Depreciation and amortization   589,267 308,875
Amortization of debt issuance costs   2,936,408 285,543
Amortization of right-of-use asset 17,927 52,455 21,557
Loss on issuance of warrants   1,936,937 0
Loss on extinguishment of debt 0 108,887 188,227
Loss (gain) on sale of assets 0 25,075 (550,000)
Changes in operating assets and liabilities      
Accounts receivable   1,988,215 (617,718)
Prepaid expenses and other assets   (179,438) 54,847
Inventory   (248,762) (384,173)
Accounts payable and accrued expenses   (1,784,476) 2,466,748
Operating lease liability   (51,393) (20,715)
Net cash provided by (used in) operating activities   (4,616,746) 2,529,554
CASH FLOWS FROM INVESTING ACTIVITIES      
Proceeds from sale of assets   0 200,000
Purchase of exploration and evaluation assets   (689,992) (22,444)
Purchase of property, plant and equipment   (1,209,220) (1,484,820)
Net cash used in investing activities   (1,899,212) (1,307,264)
CASH FLOWS FROM FINANCING ACTIVITIES      
Proceeds on lines of credit   33,556,317 20,501,839
Payments on lines of credit   (34,889,877) (17,828,498)
Proceeds from note payable   16,767,738 2,935,860
Payments on note payable   (12,216,266) (41,854)
Debt discount on note payable   (1,565,278) (2,816,744)
Proceeds on issuance of preferred stock   308,000 0
Preferred stock offering costs 0 (40,874) 0
Proceeds on issuance of common stock   4,790,597 28,741
Common stock offering costs (1,399,765) (1,720,619) 0
Net cash generated by financing activities   5,023,763 2,779,344
Effect of exchange rate on cash   (8,134) 16,170
Increase (decrease) in cash and restricted cash   (1,500,327) 4,017,804
Cash and restricted cash, beginning of the period   4,680,836 1,354,566
Cash and restricted cash, end of the period $ 3,180,509 $ 3,180,509 $ 5,372,370