Quarterly report pursuant to Section 13 or 15(d)

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

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CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS - USD ($)
 3 Months Ended 9 Months Ended 12 Months Ended
Sep. 30, 2022
Mar. 31, 2022
Sep. 30, 2021
Mar. 31, 2021
Sep. 30, 2022
Sep. 30, 2021
Dec. 31, 2021
Operating Activities              
Net Loss $ (15,314,435) $ (17,158,596) $ (11,680,950) $ (8,221,174) $ (34,873,814) $ (33,980,426)  
Adjustments to reconcile net loss to net cash used in operating activities:              
Share-based compensation         1,545,291 450,320  
Loss on lower of cost or net realizable value adjustment on inventories         318,874    
Depreciation and amortization         2,033,333 692,427  
Accretion of asset retirement obligations         687,135 735,000 $ 978,009
Change in fair value of Class B units 3,295,086   2,849,573   (9,812,689) 5,943,485  
Change in fair value of Warrant Commitment Liability         (4,515,307)    
Gain on loan forgiveness         600,560    
Amortization of debt discount         2,119,765 1,860,141  
Loss on extinguishment of debt         3,972,568    
Changes in operating assets and liabilities, net of effect of business acquisitions:              
Accounts receivable         (379,223) 143,823  
Inventories         (1,638,942) (1,631,051)  
Prepaid expenses and other current assets         (9,869) 2,053,668  
Long-term deposits         16,719 793  
Accounts payable         1,009,406 1,002,457  
Accrued liabilities         576,533 3,415,058  
Asset retirement obligations         (262,494) (2,724,659)  
Environmental liabilities         (357,964) (1,726,950)  
Operating lease obligations         (547,878) (670)  
Net Cash Used in Operating Activities         (39,517,996) (23,766,584)  
Investing Activities:              
Cash received as part of acquisition of Agribody Technologies, Inc.           263,755  
Cash paid for intangible assets         (38,375) (186,982)  
Cash paid for property, plant, and equipment         (130,085,546) (106,240,316)  
Net Cash Used in Investing Activities         (130,123,921) (106,163,543)  
Financing Activities:              
Proceeds received from exercise of stock options         126,250 10,839  
Issuance of common stock for cash           3,100,000  
Proceeds received from the sale of preferred stock including deemed contribution from Senior Lenders and common stock warrants         145,000,000    
Payments of offering costs on preferred stock and warrants         (8,455,621)    
Payments on notes payable and long-term debt         (4,211,539) (2,970,480)  
Payments on Bridge Loan         (20,000,000)    
Borrowings on Bridge Loan         7,950,237    
Borrowings on other notes         2,653,289 1,240,317  
Borrowings on Senior Credit Facility         30,000,000 133,308,370  
Net Cash Provided by Financing Activities         153,062,616 134,689,046  
Net Change in Cash, Cash Equivalents and Restricted Cash         (16,579,301) 4,758,919  
Cash, Cash Equivalents and Restricted Cash at Beginning of Period   $ 23,421,894   $ 38,982,725 23,421,894 38,982,725 $ 38,982,725
Cash, Cash Equivalents and Restricted Cash at End of Period $ 6,842,593   $ 43,741,644   6,842,593 43,741,644  
Supplemental Disclosures of Cash Flow Information              
Cash Paid for Interest         16,329,547 20,329,760  
Supplemental Disclosures of Non-cash Investing and Financing Activities              
Debt discount related to Class B units issued to Senior Lenders         3,043,000 5,943,485  
Debt discount related to warrants issued to Senior Lenders         10,732,104 0  
Accrued debt issuance costs related to amendment to Senior Credit Facility           3,123,000  
Accrued debt issuance costs related to amendment to Mezzanine Credit Facility           668,000  
Issued 1,640,509 shares for conversion of several notes payable and accrued interest           784,925  
Issued 830,526 shares to acquire Agribody Technologies, Inc,           5,000,000  
Operating lease right-of-use assets obtained in exchange for operating lease liabilities         3,956,556    
Lease modification due to change from finance lease to operating lease         1,397,904    
Issued and modified warrants for revenue contract modification (see Note H)         15,618,495    
Settlement of Warrant Commitment Liability         14,699,834    
In-kind interest added to principal balance of Senior Credit Facility         17,890,556 3,912,099  
Amounts included in accounts payable and accrued liabilities for purchases of property, plant, and equipment         125,808,215 25,345,484  
Capitalized interest included in property, plant, and equipment         $ 38,011,745 $ 21,502,760