XML 20 R8.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Consolidated Condensed Statements of Cash Flows (Unaudited) - USD ($)
 3 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Net loss $ (19,969,285) $ (11,380,958)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation and amortization 7,999,076 7,962,523
Amortization of operating lease right-of-use asset 355,688 338,781
Foreign exchange gain (89,450) 386,952
Stock based compensation 3,970,549 1,068,288
Non-cash interest expense 669,183 439,635
Unrealized (gain) loss on derivative asset (1,686,152) 681,225
Loss on deconsolidation 11,925,908
Gain on sale of marketable securities (1,437,230)
Gain on lease termination (35,483)
Loss from equity method investments 36,122
Loss (gain) on sale of property and equipment (51,185) 77,603
Loss on write off of property and equipment 118,933
Changes in assets and liabilities:    
Trade and other receivables (1,137,650) 981,569
Operating lease liabilities (364,965) (340,156)
Other current assets (685,775) 3,829,172
Trade and other payables 975,188 (1,445,868)
Net cash provided by operating activities 1,875,647 1,316,591
CASH FLOWS FROM INVESTING ACTIVITIES    
Payment for the purchase of property and equipment (19,360) (3,148,946)
Proceeds from sales of property and equipment 550,000 1,010,692
Proceeds from sale of marketable securities 6,207,548
Net cash provided by investing activities 530,640 4,069,294
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from common share issuances 471,379
Repayment of finance lease liabilities (9,544) (9,543)
Repayment of borrowings (500,000) (5,397,550)
Net cash used in financing activities (509,544) (4,935,714)
Effect of exchange rate changes on cash and cash equivalents (9,110)
Net increase in cash and cash equivalents 1,896,743 441,061
Cash and cash equivalents at beginning of period 4,476,339 946,265
Cash and cash equivalents at end of period 6,373,082 1,387,326
Supplemental disclosure of cash flow information    
Cash paid for interest 65,397 395,472
Cash paid for income taxes
Non-cash transactions    
Recognition of right of use operating asset and lease liability 82,879
Accrued interest on convertible notes settled in common stock $ 276,959