Share Capital and Reserves (Tables)
|
6 Months Ended |
Jun. 30, 2022 |
|---|
| Share Capital and Reserves Tables [Abstract] |
|
| Schedule of outstanding stock options |
| |
|
Number Outstanding |
|
|
Weighted Average Exercise Price |
|
| |
|
|
|
|
($) |
|
| Balance – December 31, 2020 |
|
|
1,353,831 |
|
|
|
3.70 |
|
| Granted |
|
|
960,224 |
|
|
|
4.87 |
|
| Exercised |
|
|
(118,039 |
) |
|
|
3.32 |
|
| Forfeited |
|
|
(254,247 |
) |
|
|
3.39 |
|
| Balance –December 31, 2021 |
|
|
1,941,769 |
|
|
|
4.24 |
|
| Granted |
|
|
34,500 |
|
|
|
1.14 |
|
| Exercised |
|
|
- |
|
|
|
- |
|
| Forfeited |
|
|
(18,813 |
) |
|
|
5.37 |
|
| Balance – June 30, 2022 |
|
|
1,957,456 |
|
|
|
4.17 |
|
|
| Schedule of fair value of stock options |
| |
|
|
June 30,
2022 |
|
|
|
December 31,
2021 |
|
| Risk-free interest rate |
|
|
2.14% – 2.91% |
|
|
|
0.04% -0.47% |
|
| Expected life of options |
|
|
5.0 years |
|
|
|
5.0 years |
|
| Expected dividend yield |
|
|
Nil |
|
|
|
Nil |
|
| Volatility |
|
|
96.90% – 98.70% |
|
|
|
102% - 128% |
|
|
| Schedule of incentive stock options outstanding |
| Expiry Date |
|
Options Outstanding
|
|
|
Options Exercisable
|
|
|
Exercise Price
|
|
|
Weighted Average
Remaining Life |
|
| |
|
|
|
|
|
|
|
($) |
|
|
(years) |
|
| September 14, 2022 |
|
|
74,156 |
|
|
|
74,156 |
|
|
|
4.46 |
|
|
|
0.70 |
|
| June 6, 2023 |
|
|
14,063 |
|
|
|
14,063 |
|
|
|
5.70 |
|
|
|
1.43 |
|
| September 4, 2023 |
|
|
12,813 |
|
|
|
12,212 |
|
|
|
2.97 |
|
|
|
1.68 |
|
| April 2, 2024 |
|
|
106,875 |
|
|
|
106,875 |
|
|
|
2.52 |
|
|
|
2.26 |
|
| June 27, 2024 |
|
|
6,250 |
|
|
|
6,250 |
|
|
|
2.56 |
|
|
|
2.49 |
|
| September 27, 2024 |
|
|
300,000 |
|
|
|
206,250 |
|
|
|
4.53 |
|
|
|
2.74 |
|
| October 22, 2024 |
|
|
12,500 |
|
|
|
12,500 |
|
|
|
4.03 |
|
|
|
2.81 |
|
| July 24, 2025 |
|
|
242,095 |
|
|
|
242,095 |
|
|
|
2.98 |
|
|
|
3.57 |
|
| July 31, 2025 |
|
|
166,116 |
|
|
|
162,655 |
|
|
|
2.98 |
|
|
|
3.57 |
|
| August 10, 2025 |
|
|
12,500 |
|
|
|
11,458 |
|
|
|
2.98 |
|
|
|
3.61 |
|
| November 19, 2025 |
|
|
15,364 |
|
|
|
5,762 |
|
|
|
4.59 |
|
|
|
2.89 |
|
| June 1, 2026 |
|
|
56,816 |
|
|
|
56,816 |
|
|
|
7.04 |
|
|
|
4.47 |
|
| June 29, 2026 |
|
|
329,500 |
|
|
|
82,375 |
|
|
|
5.65 |
|
|
|
4.47 |
|
| August 19, 2026 |
|
|
573,908 |
|
|
|
233,150 |
|
|
|
4.20 |
|
|
|
3.7 |
|
| March 18, 2027 |
|
|
22,500 |
|
|
|
- |
|
|
|
1.32 |
|
|
|
5.00 |
|
| May 10, 2027 |
|
|
12,000 |
|
|
|
- |
|
|
|
0.79 |
|
|
|
5.00 |
|
| |
|
|
1,957,456 |
|
|
|
1,226,617 |
|
|
|
4.17 |
|
|
|
3.43 |
|
|
| Schedule of outstanding share purchase warrants |
| |
|
Number Outstanding |
|
|
Weighted Average Exercise Price |
|
| |
|
|
|
|
($) |
|
| Balance – December 31, 2020 |
|
|
2,692,622 |
|
|
|
3.61 |
|
| Exercised |
|
|
(1,088,713 |
) |
|
|
4.21 |
|
| Expired |
|
|
(492,461 |
) |
|
|
4.21 |
|
| Issued |
|
|
3,374,682 |
|
|
|
7.50 |
|
| Balance – December 31, 2021 |
|
|
4,486,130 |
|
|
|
6.83 |
|
| Exercised |
|
|
- |
|
|
|
- |
|
| Expired |
|
|
(2,015,008 |
) |
|
|
7.03 |
|
| Issued |
|
|
4,965,625 |
|
|
|
1.92 |
|
| Balance – June 30, 2022 |
|
|
7,436,747 |
|
|
|
2.21 |
|
|
| Schedule of assumptions in calculating the fair value of the warrants |
| |
|
June 30,
2022 |
| Risk-free interest rate |
|
0.25% |
| Expected life of warrants |
|
0.7 – 1.76 years |
| Expected dividend yield |
|
Nil |
| Volatility |
|
75% |
| Weighted average fair value per warrant |
|
$3.38 |
|
| Schedule of share purchase warrants outstanding |
| Expiry Date |
|
Warrants Outstanding
|
|
|
Exercise Price
|
|
|
Weighted Average Remaining Life |
|
| |
|
|
|
|
($) |
|
|
(years) |
|
| July 17, 2022 |
|
|
172,531 |
|
|
|
4.71 |
|
|
|
0.30 |
|
| November 17, 2022 |
|
|
611,250 |
|
|
|
4.89 |
|
|
|
0.53 |
|
| January 20, 2026 |
|
|
1,687,341 |
|
|
|
7.50 |
|
|
|
3.81 |
|
| February 28, 2027 |
|
|
4,965,625 |
|
|
|
1.92 |
|
|
|
4.91 |
|
| |
|
|
7,436,747 |
|
|
|
2.21 |
|
|
|
0.91 |
|
|