Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Share capital (Tables)

v3.20.1
Share capital (Tables)
12 Months Ended
Dec. 31, 2019
Share capital  
Schedule of changes in options

 

 

 

 

 

 

 

 

 

 

 

 

    

December 31, 2019

    

December 31, 2018

 

 

 

 

Weighted

 

 

 

Weighted

 

 

Number of 

 

 average exercise

 

Number of 

 

 average 

 

    

options

    

 price

    

options

    

exercise price

Options outstanding, beginning

 

4,756,174

 

$

2.73

 

28,598,750

 

$

0.40

Options granted

 

8,755,000

 

 

3.00

 

1,307,424

 

 

9.29

Options exercised

 

(137,304)

 

 

0.54

 

(6,198)

 

 

2.00

Options expired and forfeited

 

(190,555)

 

 

7.28

 

(143,802)

 

 

3.03

Options cancelled

 

(275,000)

 

 

11.75

 

(25,000,000)

 

 

0.37

Options outstanding, ending

 

12,908,315

 

$

2.07

 

4,756,174

 

$

2.73

 

Schedule of details of options outstanding

 

 

 

 

 

 

 

 

 

 

    

 

    

 

    

Number of 

 

 

 

Weighted average  

 

Number of options 

 

options 

Exercise price

    

contractual life

    

outstanding

    

exercisable

$

0.30

 

2.45 years

 

2,045,455

 

2,045,455

$

0.30

 

2.62 years

 

229,545

 

229,545

$

0.80

 

2.94 years

 

621,013

 

621,013

$

0.80

 

3.18 years

 

12,500

 

11,979

$

2.00

 

3.47 years

 

12,500

 

11,197

$

2.00

 

4.13 years

 

344,576

 

323,527

$

2.00

 

4.61 years

 

50,000

 

30,212

$

9.60 USD

 

5.02 years

 

189,892

 

109,828

$

6.18 USD

 

5.61 years

 

175,000

 

126,565

$

1.53 USD

 

3.89 years

 

120,000

 

120,000

$

5.00 USD

 

3.92 years

 

352,834

 

352,834

$

3.40 USD

 

6.22 years

 

1,228,182

 

1,198,182

$

2.62 USD

 

2.48 years

 

700,000

 

 —

$

2.45 USD

 

6.60 years

 

1,250,000

 

520,834

$

2.53 USD

 

6.61 years

 

181,818

 

54,920

$

1.80 USD

 

6.80 years

 

120,000

 

20,000

$

1.91 USD

 

6.94 years

 

5,275,000

 

157,945

 

 

 

 

 

12,908,315

 

5,934,036

 

Schedule of stock options Black-Scholes option pricing model

 

 

 

 

 

 

 

    

Year ended December 31, 2019

    

Year ended December 31, 2018

 

Expected life of options

 

3-5 years

 

5 years

 

Annualized volatility

 

62.29

%  

60

%

Risk-free interest rate

 

1.25% - 1.58

%

1.91% - 2.9

%

Dividend rate

 

 0

%  

 0

%

 

Schedule of changes in warrants

 

 

 

 

 

 

 

 

 

 

 

 

    

December 31, 2019

    

December 31, 2018

 

 

 

 

Weighted 

 

 

 

Weighted 

 

 

Number of 

 

average 

 

Number of 

 

average 

 

    

warrants

    

exercise price

    

warrants

    

exercise price

Warrants outstanding, beginning

 

22,369,718

 

$

5.03

 

11,856,857

 

$

4.70

Warrants issued

 

 —

 

 

 —

 

10,807,093

 

 

5.36

Warrants exercised

 

(1,116,322)

 

 

3.26

 

(294,232)

 

 

5.08

Warrants expired

 

(650,000)

 

 

19.93

 

 

 

 

 

Warrants outstanding, ending

 

20,603,396

 

$

4.64

 

22,369,718

 

$

5.03

 

Schedule of details in warrants outstanding

 

 

 

 

 

 

    

Weighted average 

    

Number of warrants

Exercise Price

 

contractual life

 

 outstanding

Non-Transferable Warrants

 

  

 

  

$0.80 CAD - $16.00 CAD

 

1.81 years

 

11,010,059

$2.00 USD - $24.00 USD

 

4.15 years

 

5,091,969

Transferable Warrants

 

 

 

 

$4.25 USD

 

3.61 years

 

4,501,368