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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
9 Months Ended
Jun. 30, 2023
Jun. 30, 2022
Cash flow from operating activities:    
Net loss $ (55,299,838) $ (29,700,808)
Adjustments to reconcile net loss to net cash used in operating activities:    
Amortization of debt discount, issuance costs 10,999,866 1,319,608
Amortization of right of use assets 119,563 0
Change in fair value of warrant liabilities (1,034,400) (0)
Depreciation and amortization expense 5,290,082 4,770,509
Stock-based compensation 1,114,236 4,341,090
Impairment loss 32,653,626 0
Derivative loss 142,187 233,397
Foreign exchange loss 2,806,500 50,377
Changes in operating assets and liabilities:    
Accounts receivable 822,257 (1,597,324)
Prepaid expenses and other 459,915 (1,566,211)
Accounts payable and accrued liabilities (5,090,898) 11,853,570
Current lease liabilities (141,822) 0
Liabilities to users (396,179) 1,345,100
Net cash used in operating activities (7,554,905) (8,950,692)
Cash flow from investing activities:    
Purchase of fixed assets (11,341) (1,141,449)
Cash paid for business combinations 0 (56,229,526)
Net cash used by investing activities (11,341) (57,370,975)
Cash flow from financing activities:    
Proceeds from settlement of derivative instruments 973,965 0
Repayment of senior note (5,000,000) 0
Proceeds from debt issuance, net of issuance costs 0 27,130,837
Proceeds from equity issuance, net of issuance costs 5,921,982 37,014,450
Net cash provided by financing activities 1,895,947 64,145,287
Effect of foreign exchange rates on cash 1,621,876 0
NET CHANGE IN CASH (4,048,423) (2,176,380)
CASH AT BEGINNING OF PERIOD 5,486,210 9,064,859
CASH AT END OF PERIOD 1,437,787 6,888,479
Supplemental disclosure of cash flow information:    
Cash paid for interest 3,064,661 2,493,083
Non-cash transactions    
Preferred share dividends 4,086,819 3,267,319
Stock warrants issued in connection with Senior Notes 0 7,661,382
Reclassification of warrants to liabilities 1,294,638 0
Shares issued for conversion of preferred stock 9,029 0
Shares issued for conversion of debt and accrued interest $ 1,032,661 $ 412,500