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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended 9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
Sep. 30, 2022
Sep. 30, 2021
OPERATING ACTIVITIES        
Net earnings (loss) $ (17,199,681) $ 123,012,973 $ 22,413,578 $ (71,591,031)
Non-cash items:        
Depreciation and amortization 3,046,488 1,368,805 7,768,914 3,901,188
Share-based compensation 2,682,470 5,996,191 9,840,110 66,001,039
Accretion expense on common shares, retractable 0 0 0 2,031,863
Accretion and revaluation expense on balance of purchase price payable related to the acquisition of the dealership rights 0 (58,723) 82,850 228,121
Accretion expense on convertible debt instruments 0 0 0 2,503,097
Gain on derecognition of the balance of purchase price payable related to the acquisition of the dealership rights 0 0 (2,130,583) 0
Change in fair value of share warrant obligations (7,643,140) (138,423,798) (86,033,933) (39,208,584)
Unrealized foreign exchange loss (gain) 1,102,315 201,818 832,209 (232,551)
Net change in non-cash working capital items (18,405,005) (22,842,689) (41,719,676) (45,095,632)
Cash flows used in operating activities (36,416,553) (30,745,423) (88,946,531) (81,462,490)
INVESTING ACTIVITIES        
Acquisition of property, plant and equipment (21,897,519) (4,991,385) (89,930,883) (9,388,107)
Acquisition of intangible assets (18,789,392) (9,480,960) (57,479,103) (26,647,917)
Disposal of property, plant and equipment 24,413 0 24,413 0
Government assistance related to intangible assets 0 169,239 0 1,946,554
Cash flows used in investing activities (40,662,498) (14,303,106) (147,385,573) (34,089,470)
FINANCING ACTIVITIES        
Net change in credit facilities 0 0 0 (16,262,610)
Repayment of loans on research and development tax credits and subsidies receivable 0 0 0 (2,745,712)
Increase in long-term debt 45,234,309 0 48,938,114 15,775,473
Repayment of long-term debt and other debts (47,277) (75,138) (420,385) (41,480,736)
Repayment of convertible debt instruments 0 0 0 (23,903,068)
Payment of lease liabilities (1,420,153) (629,978) (3,757,691) (1,659,950)
Proceeds from issuance of shares through private placement, net of issuance costs 0 0 0 196,255,491
Proceeds from issuance of shares through "at-the-market" equity program 19,186,356 0 19,186,356 0
Proceeds from the issuance of shares through exercise of stock options and warrants 0 670,205 3,798 724,599
Proceeds from issuance of shares through business combination transaction 0 0 0 308,232,870
Cash flows from (used in) financing activities 62,953,235 (34,911) 63,950,192 434,936,357
Effect of exchange rate changes on cash held in foreign currency (2,264,281) (1,374,045) (2,706,703) (1,446,597)
Net (decrease) increase in cash (16,390,097) (46,457,485) (175,088,615) 317,937,800
Cash (bank overdraft), beginning of period 83,003,512 364,304,209 241,702,030 (91,076)
Cash, end of period 66,613,415 317,846,724 66,613,415 317,846,724
Other information on cash flows related to operating activities:        
Interest paid 697,218 242,176 1,551,338 4,243,019
Interest paid under lease liabilities $ 803,084 $ 114,618 $ 2,343,146 $ 304,223