XML 18 R8.htm IDEA: XBRL DOCUMENT v3.23.2
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (29,030,420) $ (13,975,707)
Adjustments to reconcile net loss to net cash provided by (used in) operating activities:    
Depreciation and amortization 16,752,279 29,826,849
Amortization of operating lease right-of-use asset 678,310 809,130
Foreign exchange gain 751,833 137,758
Sale of intellectual property (1,465,829)
Stock based compensation 1,691,619 1,326,844
Non-cash interest expense 866,691 138,293
Unrealized (gain) loss on derivative asset 6,125,525 (17,714,357)
Non-controlling interest 1,239,793
Gain on sale of marketable securities (1,437,230)
Share of loss from equity method investments 36,122
Loss on sale of property and equipment 158,023
Loss on write off of property and equipment 73,243
Profit on sale of site (3,353,130)
Changes in assets and liabilities:    
Trade and other receivables 1,808,709 1,394,878
Operating lease liabilities (807,136)
Other current assets 2,004,290 (7,869,996)
Trade and other payables (511,208) 39,299,304
Net cash (used in) provided by operating activities (4,192,480) 33,146,960
CASH FLOWS FROM INVESTING ACTIVITIES    
Payment for the purchase of property and equipment (4,851,771) (21,100,867)
Proceeds from sale of site 8,107,508
Proceeds from sales of property and equipment 584,301
Proceeds from sale of marketable securities 6,927,003
Payment of property and equipment deposits (32,054,326)
Net cash provided by (used in) investing activities 10,767,041 (53,155,193)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from common share issuances 6,192,845 51,524
Payments of stock issuance costs (380,950)
Proceeds from borrowings 1,986,870 26,581,467
Repayment of finance lease liabilities (19,088) (937,008)
Repayment of borrowings (9,672,854) (6,182,245)
Net cash (used in) provided by financing activities (1,893,177) 19,513,738
Effect of exchange rate changes on cash and cash equivalents (20,395) (2,478,952)
Net increase in cash and cash equivalents 4,660,989 (2,973,447)
Cash and cash equivalents at beginning of period 946,265 5,467,273
Cash and cash equivalents at end of period 5,607,254 2,493,826
Non-cash transactions    
Recognition of right of use operating asset and lease liability 911,356
Accrued interest on convertible notes settled in common stock $ 276,959