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

Share capital (Tables)

v3.19.1
Share capital (Tables)
12 Months Ended
Dec. 31, 2018
Share Capital [Abstract]  
Schedule of changes in options
    December 31, 2018     December 31, 2017  
    Number of
options
    Weighted
average exercise
price
    Number of
options
    Weighted
average
exercise price
 
Options outstanding, beginning     28,598,750     $ 0.40       28,087,500     $ 0.38  
Options granted     1,307,424       9.29       560,000       2.00  
Options exercised     (6,198 )     2.00       (6,250 )     0.30  
Options expired and forfeited     (143,802 )     3.03       (42,500 )     2.00  
Options cancelled     (25,000,000 )     0.37                  
Options outstanding, ending     4,756,174     $ 2.73       28,598,750     $ 0.40  
Schedule of details of options outstanding
Exercise price     Weighted average 
contractual life
  Number of options
outstanding
    Number of
options
exercisable
 
$ 0.30     3.45 years     2,045,455       2,045,455  
$ 0.30     3.62 years     308,522       263,529  
$ 0.80     3.94 years     677,273       522,065  
$ 0.80     4.18 years     12,500       8,854  
$ 2.00     4.47 years     12,500       8,594  
$ 2.00     5.13 years     357,500       243,646  
$ 2.00     5.61 years     50,000       17,708  
$ 9.60 USD     6.02 years     337,500       110,000  
$ 9.00 USD     6.30 years     150,000       112,500  
$ 9.16 USD     6.61 years     275,000       -  
$ 1.53 USD     4.89 years     120,000       -  
$ 5.00 USD     4.92 years     409,924       409,924  
        4.30 years     4,756,174       3,742,275  
Schedule of stock options Black-Scholes option pricing model
    Year ended December 31, 2018     Year ended December 31, 2017  
Expected life of options     5 years       5 years  
Annualized volatility     60 %     60 %
Risk-free interest rate     1.91% - 2.9%       1.02% - 1.43%  
Dividend rate     0 %     0 %
Schedule of changes in warrants
    December 31, 2018     December 31, 2017  
    Number of
warrants
    Weighted
average
exercise price
    Number of
warrants
    Weighted
average
exercise price
 
Warrants outstanding, beginning     11,856,857     $ 4.70       9,266,793     $ 3.28  
Warrants issued     10,807,093       5.36       2,592,564       9.82  
Warrants exercised     (294,232 )     5.08       (2,500 )     4.00  
Warrants outstanding, ending     22,369,718     $ 5.03       11,856,857     $ 4.70  
Schedule of details in warrants outstanding
Exercise Price   Weighted average
contractual life
    Number of warrants
outstanding
 
Non-Transferable Warrants                
$0.80 CAD - $16.00 CAD     2.76 years       11,457,559  
$2.00 USD - $24.00 USD     4.65 years       5,764,492  
Transferable Warrants                
$4.25 USD     4.61 years       5,147,668