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Consolidated statements of loss and comprehensive loss - USD ($)
3 Months Ended 9 Months Ended
Jul. 31, 2022
Jul. 31, 2021
Jul. 31, 2022
Jul. 31, 2021
Revenue        
Product sales $ (2,338,949) $ 1,593,563 $ 9,574,620 $ 2,682,531
Recycling services 372,510 115,560 950,134 301,216
Revenue (1,966,439) 1,709,123 10,524,754 2,983,747
Expenses        
Employee salaries and benefits 9,525,996 3,476,995 28,633,550 7,722,475
Professional fees 4,184,457 1,216,310 10,618,212 4,218,362
Share-based compensation 3,998,966 298,489 13,675,130 1,307,874
Raw materials and supplies 3,571,752 1,109,582 6,802,193 2,003,939
Office, administrative and travel 5,293,879 431,881 11,287,158 1,053,766
Depreciation 2,969,337 697,604 6,790,188 1,830,603
Research and development 514,769 576,551 1,384,635 1,928,582
Freight and shipping 671,358 155,456 1,469,203 587,953
Plant facilities 1,073,881 227,942 2,494,919 676,278
Marketing 661,749 160,479 1,858,324 465,269
Change in finished goods inventory 81,820 (475,862) 82,807 (1,120,755)
Expenses by nature 32,547,964 7,875,427 85,096,319 20,674,346
Loss from operations (34,514,403) (6,166,304) (74,571,565) (17,690,599)
Other (income) expense        
Fair value (gain) loss on financial instruments (8,567,022) 508,850 (62,300,143) 2,433,196
Interest expense 3,533,007 437,163 9,725,534 932,497
Foreign exchange (gain) loss 51,691 (214,496) 180,534 536,216
Interest income (2,010,423) (503) (2,557,099) (1,725)
Other (income) expense (6,992,747) 731,014 (54,951,174) 3,900,184
Net loss before taxes (27,521,656) (6,897,318) (19,620,391) (21,590,783)
Income tax 0 0 5,000 0
Net loss (27,521,656) (6,897,318) (19,625,391) (21,590,783)
Shareholders of Li-Cycle Holdings Corp. (27,479,280) (6,897,318) (19,559,341) (21,590,783)
Non-controlling interest $ (42,376) $ 0 $ (66,050) $ 0
Loss per common share - basic (in dollars per share) $ (0.16) $ (0.07) $ (0.12) $ (0.23)
Loss per common share - diluted (in dollars per share) $ (0.16) $ (0.07) $ (0.12) $ (0.23)