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

Share capital (Tables)

v3.21.1
Share capital (Tables)
12 Months Ended
Dec. 31, 2020
Share capital  
Schedule of changes in options

 

 

 

 

 

 

 

 

 

 

 

 

    

December 31, 2020

    

December 31, 2019

 

 

 

 

Weighted

 

 

 

Weighted

 

 

Number of 

 

 average exercise

 

Number of 

 

 average 

 

    

options

    

 price

    

options

    

exercise price

Options outstanding, beginning

 

12,908,315

 

$

2.03

 

4,756,174

 

$

2.12

Options granted

 

1,790,000

 

 

3.47

 

8,755,000

 

 

2.26

Options exercised

 

(632,822)

 

 

1.83

 

(137,304)

 

 

0.41

Options forfeited

 

(952,129)

 

 

2.85

 

(190,555)

 

 

5.96

Options expired/cancelled

 

(105,000)

 

 

6.34

 

(275,000)

 

 

9.27

Options outstanding, ending

 

13,008,364

 

$

2.14

 

12,908,315

 

$

2.03

 

Schedule of details of options outstanding

 

 

 

 

 

 

 

 

    

 

    

 

    

Number of 

 

 

Weighted average  

 

Number of options 

 

options 

Exercise Price

    

contractual life

    

outstanding

    

exercisable

$0.30 CAD

 

1.45

 

2,152,273

 

2,152,273

$0.80 CAD

 

1.95

 

387,211

 

387,211

$2.00 CAD

 

3.14

 

122,604

 

114,104

$1.80

 

5.80

 

120,000

 

120,000

$1.91

 

5.93

 

5,050,000

 

2,953,285

$2.45

 

5.59

 

1,250,000

 

1,250,000

$2.53

 

3.30

 

131,818

 

131,818

$2.62

 

1.48

 

700,000

 

328,125

$3.40

 

5.22

 

1,045,000

 

1,045,000

$3.41

 

6.56

 

1,400,727

 

535,314

$3.77

 

7.37

 

295,000

 

66,355

$5.00

 

2.92

 

193,629

 

193,629

$6.18

 

4.61

 

25,000

 

15,107

$9.60

 

3.87

 

135,102

 

104,379

 

 

 

 

13,008,364

 

9,396,600

 

Schedule of stock options Black-Scholes option pricing model

 

 

 

 

 

 

 

    

Year ended December 31, 2020

    

Year ended December 31, 2019

 

Expected life of options

 

3-5 years

 

3-5 years

 

Annualized volatility

 

62.29

%  

62.29

%

Risk-free interest rate

 

0.29% - 0.42

%

1.25% - 1.58

%

Dividend rate

 

0

%  

0

%

 

Schedule of changes in warrants

 

 

 

 

 

 

 

 

 

 

 

 

    

December 31, 2020

    

December 31, 2019

 

 

 

 

Weighted 

 

 

 

Weighted 

 

 

Number of 

 

average 

 

Number of 

 

average 

 

    

warrants

    

exercise price

    

warrants

    

exercise price

Warrants outstanding, beginning

 

20,603,396

 

$

3.57

 

22,369,718

 

$

3.81

Warrants exercised

 

(5,387,200)

 

 

2.49

 

(1,116,322)

 

 

2.85

Warrants expired

 

(145,313)

 

 

1.49

 

(650,000)

 

 

15.35

Warrants outstanding, ending

 

15,070,883

 

$

4.01

 

20,603,396

 

$

3.57

 

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

 

0.90 years

 

9,231,196

$2.00 USD - $24.00 USD

 

2.67 years

 

1,338,319

Transferable Warrants

 

 

 

 

$4.25 USD

 

2.60 years

 

4,501,368

Warrants outstanding, ending

 

1.56 years

 

15,070,883