Consolidated statements of loss and comprehensive loss - USD ($) |
12 Months Ended | ||
|---|---|---|---|
Oct. 31, 2021 |
Oct. 31, 2020 |
Oct. 31, 2019 |
|
| Revenue | |||
| Product sales | $ 6,930,475 | $ 554,914 | $ 0 |
| Recycling services | 444,401 | 237,340 | 48,160 |
| Revenue | 7,374,876 | 792,254 | 48,160 |
| Expenses | |||
| Employee salaries and benefits, net | 12,709,823 | 2,819,195 | 607,820 |
| Professional fees | 7,688,520 | 2,962,261 | 546,647 |
| Share-based compensation | 3,982,943 | 332,634 | 97,258 |
| Raw materials and supplies | 3,410,014 | 591,881 | 0 |
| Office, administrative and travel | 3,148,871 | 476,733 | 493,304 |
| Depreciation | 2,899,345 | 1,095,250 | 183,862 |
| Research and development, net | 2,662,572 | 776,668 | 2,111,658 |
| Freight and shipping | 1,033,149 | 137,010 | 5,785 |
| Plant facilities | 1,030,947 | 390,687 | 0 |
| Marketing | 973,695 | 365,820 | 65,840 |
| Change in Finished Goods Inventory | (307,817) | (14,022) | 0 |
| Expenses by nature | 39,232,062 | 9,934,117 | 4,112,174 |
| Loss from operations | (31,857,186) | (9,141,863) | (4,064,014) |
| Other (income) expense | |||
| Listing fee | 152,719,009 | 0 | 0 |
| Fair value loss on financial instruments | 38,254,469 | 84,454 | 0 |
| Interest expense | 3,052,882 | 529,700 | 60,329 |
| Foreign exchange (gain) loss | 758,223 | (445,652) | 0 |
| Interest income | (82,481) | (34,403) | (23,561) |
| Other (income) expense | 194,702,102 | 134,099 | 36,768 |
| Net loss | (226,559,288) | (9,275,962) | (4,100,782) |
| Other comprehensive income (loss) | |||
| Foreign currency translation | 0 | (218,726) | (37,182) |
| Comprehensive loss | $ (226,559,288) | $ (9,494,688) | $ (4,137,964) |
| Loss per common share - basic (in dollars per share) | $ (2.06) | $ (0.11) | $ (0.06) |
| Loss per common share - diluted (in dollars per share) | $ (2.06) | $ (0.11) | $ (0.06) |