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Consolidated statements of loss and comprehensive loss - USD ($)
3 Months Ended 6 Months Ended
Apr. 30, 2022
Apr. 30, 2021
Apr. 30, 2022
Apr. 30, 2021
Revenue        
Product sales $ 8,291,122 $ 176,102 $ 11,913,569 $ 1,088,968
Recycling services 362,101 81,282 577,624 185,656
Revenue 8,653,223 257,384 12,491,193 1,274,624
Expenses        
Employee salaries and benefits 11,328,894 2,547,281 19,107,554 4,245,480
Professional fees 3,559,716 567,918 6,433,755 3,002,052
Share-based compensation 4,477,355 263,214 9,676,164 1,009,385
Raw materials and supplies 1,816,599 480,255 3,230,441 894,357
Office, administrative and travel 3,148,739 317,644 5,993,279 621,885
Depreciation 1,986,776 605,621 3,820,851 1,132,999
Research and development 528,080 824,836 869,866 1,352,031
Freight and shipping 587,484 141,447 797,845 432,497
Plant facilities 983,968 234,202 1,421,038 448,336
Marketing 747,630 163,135 1,196,575 304,790
Change in finished goods inventory 812,421 (567,261) 987 (644,893)
Expenses by nature 29,977,662 5,578,292 52,548,355 12,798,919
Loss from operations (21,324,439) (5,320,908) (40,057,162) (11,524,295)
Other (income) expense        
Fair value (gain) loss on financial instruments (2,861,556) 1,924,346 (53,733,121) 1,924,346
Interest expense 2,451,285 244,645 6,192,527 495,334
Foreign exchange (gain) loss 140,296 358,748 128,843 750,712
Interest income (409,089) (505) (546,676) (1,222)
Other (income) expense (679,064) 2,527,234 (47,958,427) 3,169,170
Net profit (loss) before taxes (20,645,375) (7,848,142) 7,901,265 (14,693,465)
Income tax 5,000 0 5,000 0
Net profit (loss) (20,650,375) (7,848,142) 7,896,265 (14,693,465)
Shareholders of Li-Cycle Holdings Corp. (20,626,701) (7,848,142) 7,919,939 (14,693,465)
Non-controlling interest $ (23,674) $ 0 $ (23,674) $ 0
Loss per common share - basic (in dollars per share) $ (0.12) $ (0.08) $ 0.05 $ (0.16)
Loss per common share - diluted (in dollars per share) $ (0.12) $ (0.08) $ 0.05 $ (0.16)