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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 $ (31,338,861) $ (24,171,001)
Adjustments to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 2,319,857 54,648
Non-cash lease expense 116,629 552,457
Stock based compensation 499,868 28,144
Impairment of long-lived assets 0 27,696
Inventory write-down 3,225,142  
Interest accrued on convertible notes   125,408
Change in fair value of derivative   11,923,000
Change in estimated asset retirement obligation (51,518)  
Change in pension obligation 92,383 85,860
Foreign exchange gains and losses 63,541  
Changes in operating assets and liabilities:    
Inventory, long-term (212,979) (7,550,101)
Prepaid expenses and other current assets 217,883 (389,049)
Accounts payable and accrued expenses 3,002,125 2,612,634
Net cash used in operating activities (22,065,930) (16,700,304)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property and equipment and other assets (169,404) (1,754,504)
Payment for purchase of convertible notes (1,000,000)  
Net cash used in investing activities (1,169,404) (1,754,504)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from issuance of debt   8,605,850
Repayment of debt (765,070)  
Payment of finance lease obligations (52,924) (569,041)
Proceeds from issue of shares, net of issuance cost 130,354  
Purchase of treasury stock (9,959)  
Payment made for merger related expenses (3,592,307)  
Net cash provided by financing activities 116,377,818 15,641,814
EFFECT OF EXCHANGE RATE CHANGES ON CASH 1,931,251 (1,795,567)
Net increase (decrease) in cash 95,073,735 (4,608,561)
CASH - beginning of year 10,051,151 14,659,712
CASH - end of year 105,124,886 10,051,151
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION    
Income taxes paid 860 810
Cash paid for interest 69,414 82,006
Issue of restricted stock awards 81  
Reclassification of inventory costs 11,156,060  
Merger related costs in account payable 528,778  
Actuarial gain (loss) on pension 165,997 (183,928)
Property and equipment financed through accounts payable 38,705  
Assets acquired on finance lease 44,032  
Notes payable conversion to preferred stock   7,777,500
Series B-1 preferred stock    
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from Preferred Stock, net of issuance costs 15,294,997 $ 7,605,005
Series C Preferred Stock    
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from Preferred Stock, net of issuance costs $ 105,372,727