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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
OPERATING ACTIVITIES      
Net loss $ (43,325,320) $ (97,351,667) $ (3,071,332)
Non-cash items:      
Depreciation 1,717,977 764,068 313,342
Depreciation expense 2,606,013 1,444,204 653,210
Amortization 935,560 487,876 249,658
Amortization – contract asset 284,625 0 0
Share-based compensation 71,081,047 65,248,941 1,421,973
Accretion expense on common shares, retractable 2,031,863 4,791,806 2,746,799
Accretion and revaluation expense on balance of purchase price payable related to the acquisition of the dealership rights 125,290 582,018 494,581
Accretion expense other 0 0 44,391
Accretion expense on convertible debt instruments 2,503,097 1,034,927 0
Change in fair value of share warrant obligations (85,795,903) 16,847,470 0
Unrealized foreign exchange loss (gain) 17,973 7,893 (145,872)
Net change in non-cash working capital items (83,150,851) (20,915,636) (10,110,689)
Cash flows used in operating activities (130,968,629) (27,058,100) (7,403,939)
INVESTING ACTIVITIES      
Acquisition of property, plant and equipment (19,825,006) (2,897,237) (1,759,828)
Acquisition of intangible assets (44,956,423) (16,539,159) (12,349,283)
Government assistance related to intangible assets 2,182,923 2,842,172 1,403,325
Contact asset, other costs 0 (199,790) 0
Cash flows used in investing activities (62,598,506) (16,794,014) (12,705,786)
FINANCING ACTIVITIES      
Net change in credit facilities (19,188,863) 7,272,073 6,283,827
Loans on research and development tax credits receivable and subsidies receivable 2,934,384 9,699,300 3,489,336
Repayment of loans on research and development tax credits and subsidies receivable (2,829,254) (3,242,248) (2,385,259)
Increase in long-term debt 15,775,473 15,021,339 7,572,316
Repayment of long-term debt (41,611,760) (1,659,855) (1,517,192)
Repayment of convertible debt instruments (23,903,068) 0 0
Payment of lease liabilities (2,093,371) (1,327,707) (619,267)
Proceeds from issuance of convertible debt instruments, net of issuance costs 0 18,698,168 0
Proceeds from issuance of shares through private placement, net of issuance costs 196,255,491 0 0
Share issue 0 0 7,429,973
Share redemption 0 0 (150,020)
Proceeds from the issuance of shares through exercise of stock options 1,124,940 0 0
Proceeds from issuance of shares through business combination transaction 308,232,870 0 0
Cash flows from financing activities 434,696,842 44,461,070 20,103,714
Effect of exchange rate changes on cash held in foreign currency 663,399 (531,924) 59,927
Net increase in cash 241,793,106 77,032 53,916
Cash and cash equivalents at beginning of period (91,076) (168,108) (222,024)
Cash and cash equivalents at end of period 241,702,030 (91,076) (168,108)
Other information on cash flows related to operating activities:      
Income taxes paid 0 0 4,000
Interest paid 5,722,466 3,249,129 1,143,828
Interest paid under lease liabilities $ 443,740 $ 277,375 $ 52,296