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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
9 Months Ended 12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Mar. 31, 2022
Cash flows from operating activities      
Net loss $ (19,281,477) $ (23,486,041) $ (25,680,336)
Adjustments to reconcile net income (loss) to net cash used in operating activities:      
Depreciation expense 159,421 103,411 134,004
Loss on settlement of debt 0 124,521 124,521
Stock-based compensation expense 3,464,400 16,353,160 19,592,502
Deferred tax benefit (2,380,905) (381,692) (5,685,435)
Changes in current assets and liabilities:      
Receivable (12,549) (9,567) (94,807)
Prepaid expenses and other current assets (242,224) 26,306 8,208
Accounts payable and accrued liabilities (122,290) 339,881 1,691,280
Accounts payable - related party 0 (3,000) (3,000)
Net cash used in operating activities (18,415,624) (6,933,021) (9,913,063)
CASH FLOWS FROM INVESTING ACTIVITIES      
Purchases of property and equipment (197,199) (573,775) (492,272)
Purchases of mineral properties (1,099,329) (6,179,873) (8,650,700)
Other assets 0 0 (20,000)
Net cash used in investing activities (1,296,528) (6,753,648) (9,162,972)
Financing activities      
Proceeds from sale of common stock on at-the market ("ATM") program 3,100,000 0 0
Payment of ATM issuance costs (338,740) 0 0
Proceeds from exercise of stock options 12,000 0 0
Proceeds from exercise of warrants 7,503 0 0
Withholding of employee tax payments on restricted stock units (558,005) 0 0
Proceeds from sale of DTRC common stock 0 49,515,626 49,515,626
Issuance of share capital, net of issuance costs 0 318,572 318,572
Payments on notes payable - related parties 0 (801,715) (801,715)
Cash provided by financing activities 2,222,758 49,032,483 49,032,483
Net change in cash and cash equivalents (17,489,394) 35,345,814 29,956,448
Cash and cash equivalents, beginning of period 41,401,116 11,444,668 11,444,668
Cash and cash equivalents, end of period 23,911,722 46,790,482 41,401,116
NON-CASH INVESTING AND FINANCING ACTIVITIES:      
Common stock issued for purchase of mineral properties 675,000 0 10,380,464
Deferred ATM offering costs offset against additional paid-in capital 78,088 0 0
Accrual of ATM issuance costs 100,000 0 0
Conversion of note receivable as consideration for mineral properties 0 8,780,464 0
Common stock issued for settlement of notes payable 0 0 703,647
Common stock issued for acquisition of non-controlling interest $ 0 $ 0 $ 48,799,274