Segment reporting

3 Months Ended

Mar. 31, 2024

Segment Reporting [Abstract]

Segment reporting

Segment reporting

The consolidated financial information presented in these financial statements is reviewed regularly by the Company’s chief operating decision maker (“CODM”) for making strategic decisions, allocations resources and assessing performance. The information review by CODM for decision making purposes aligns with the information provided above in the statements of operations and comprehensive income (loss), financial position, and cash flows. The Company’s CODM is its Chief Executive Officer.

The Company’s revenue primarily comes from eight key customers, as shown in the table below. The Company’s remaining customers do not make up significant percentages of these balances. For additional details on product sales and fair value adjustments recognized in the period, refer to Note 3.

Revenue
	For the three months ended March 31, 2024		For the three months ended March 31, 2023
Customer D	40.1	%	0.5	%
Customer G	29.5	%	0.0	%
Customer H	15.4	%	0.0	%
Customer A	6.4	%	28.7	%
Customer C	0.0	%	24.0	%
Customer F	1.4	%	15.3	%
Customer B	0.0	%	12.4	%
Customer E	0.0	%	11.6	%

During the three months ended March 31, 2024, the Company operated in the United States and Germany, and during the three months ended March 31, 2023, the Company operated in the United States and Canada. Management has concluded that the customers, and the nature and method of distribution of goods and services delivered, if any, to these geographic regions are similar in nature. The risks and returns across the geographic regions are not dissimilar; therefore, the Company operates as a single operating segment.

The following is a summary of the Company’s geographical information:

	Canada		United States		Germany		Other		Total
Revenues
Three months ended March 31, 2024	$	0.1	$	3.6	$	0.5	$	—	$	4.2
Three months ended March 31, 2023	(0.5)		4.1		—		—		3.6
Non-current assets
As at March 31, 2024	$	55.6	$	632.1	$	32.1	$	25.5	$	745.3
As at December 31, 2023	57.0		618.9		34.9		26.2		737.0

Revenue is attributed to each geographical location based on location of sale.