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Consolidated Statements of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
OPERATING ACTIVITIES    
Net earnings (loss) $ (15,583,446) $ 2,102,437
Non-cash items:    
Depreciation and amortization 4,913,657 1,983,254
Share-based compensation 1,413,843 3,794,558
Accretion and revaluation expense on balance of purchase price payable related to the acquisition of the dealership rights 0 56,336
Change in fair value of share warrant obligations (5,744,896) (21,456,170)
Unrealized foreign exchange loss (gain) 616,474 (207,744)
Net change in non-cash working capital items (23,216,385) (20,745,672)
Cash flows used in operating activities (37,600,753) (34,473,001)
INVESTING ACTIVITIES    
Acquisition of property, plant and equipment (27,584,447) (35,794,350)
Addition to intangible assets (21,709,070) (14,782,510)
Proceeds from Mirabel battery building sale-leaseback 20,506,589 0
Cash flows used in investing activities (28,786,928) (50,576,860)
FINANCING ACTIVITIES    
Increase in long-term debt and other debts 26,166,466 0
Repayment of long-term debt and other debts (22,489,772) (303,778)
Payment of lease liabilities (1,361,347) (1,216,817)
Proceeds from issuance of shares through "at-the-market" equity program, net of issuance costs 4,625,234 0
Proceeds from the issuance of units through the December 2022 Offering - Warrants 2,907,226 0
Proceeds from the issuance of units through the December 2022 Offering - Common Shares, net of issuance costs 4,175,836 0
Cash flows from (used in) financing activities 14,023,643 (1,520,595)
Effect of exchange rate changes on cash held in foreign currency 69,535 328,066
Net decrease in cash (52,294,503) (86,242,390)
Cash, beginning of year 88,266,985 241,702,030
Cash, end of period 35,972,482 155,459,640
Other information on cash flows related to operating activities:    
Income taxes paid 0 0
Interest paid 1,741,339 349,986
Interest paid under lease liabilities $ 998,903 $ 772,087