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v3.23.4

First time adoption of IFRS - Income Statement (Details) - USD ($) | 6 Months Ended | 12 Months Ended
--- | --- | ---
Jun. 30, 2023 | Jun. 30, 2022 | Dec. 31, 2022
Reconciliation of net (loss) income |  |  |
Administrative expenses | $ (16,610,000) | $ (3,027,000) | $ (9,971,000)
Loss from operations | (19,507,000) | (3,027,000) | (9,971,000)
Finance income | 5,460,000 | 365,000 | 3,753,000
Finance costs | (10,127,000) | (9,838,000) | (20,234,000)
Net change in fair value of financial instruments |  | 733,000 | 1,484,000
Net finance costs | (14,225,000) | (8,740,000) | (14,997,000)
Net loss for the period | $ (32,263,000) | (11,767,000) | (24,968,000)
US GAAP |  |  |
Reconciliation of net (loss) income |  |  |
Operating and formation costs |  | (3,024,000) | (2,117,000)
Acquisition costs |  |  | (7,625,000)
Stock compensation expense |  |  | (224,000)
Loss from operations |  | (3,024,000) | (9,966,000)
Finance income |  | 365,000 | 3,753,000
Change in fair value of warrants |  | 726,000 | 1,477,000
Change in fair value of conversion option |  | 7,000 | 7,000
Amortization of discount on convertible promissory note |  | (8,000) | (8,000)
Bank fee |  | (3,000) | (5,000)
Net finance costs |  | 1,087,000 | 5,224,000
Net loss for the period |  | (1,937,000) | (4,742,000)
Effect of transition to IFRS |  |  |
Reconciliation of net (loss) income |  |  |
Administrative expenses |  | (3,027,000) | (9,971,000)
Operating and formation costs |  | 3,024,000 | 2,117,000
Acquisition costs |  |  | 7,625,000
Stock compensation expense |  |  | 224,000
Loss from operations |  | (3,000) | (5,000)
Finance costs |  | (9,838,000) | (20,234,000)
Net change in fair value of financial instruments |  | 733,000 | 1,484,000
Change in fair value of warrants |  | (726,000) | (1,477,000)
Change in fair value of conversion option |  | (7,000) | (7,000)
Amortization of discount on convertible promissory note |  | 8,000 | 8,000
Bank fee |  | 3,000 | 5,000
Net finance costs |  | (9,827,000) | (20,221,000)
Net loss for the period |  | $ (9,830,000) | $ (20,226,000)

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