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

Share Capital and Reserves (Tables)

v3.21.1
Share Capital and Reserves (Tables)
 12 Months Ended
Dec. 31, 2020
Disclosure of share capital, reserves and other equity interest [text block] [Abstract]  
Schedule of outstanding stock options
    Number
Outstanding		     Weighted Average
Exercise Price		  
          ($)  
Balance – December 31, 2017     531,559       4.96  
Granted     72,284       5.92  
Forfeited     (54,319 )     5.28  
Balance – December 31, 2018     549,524       4.96  
Granted     482,500       5.28  
Exercised     (3,125 )     3.52  
Forfeited     (15,500 )     6.72  
Balance –December 31, 2019     1,013,399       5.12  
Granted     470,083       4.11  
Exercised     (3,750 )     3.49  
Forfeited     (125,907 )     6.04  
Balance – December 31, 2020     1,353,825       4.70  
Schedule of fair value of stock options
     December 31,
2020  		     December 31,
2019		     December 31, 2018  
Risk-free interest rate     0.26% - 0.37%         1.59 %     2.18 %
Expected life of options     2.0 – 5.0 years         5.0 years       5.0 years  
Expected dividend yield     Nil         Nil       Nil  
Volatility     79.44% - 87.79%         95.8 %     111.6 %
Schedule of incentive stock options outstanding
Expiry Date  

Options

Outstanding

    

Options

Exercisable

    

Exercise

Price

     Weighted Average
Remaining Life		  
                ($)     (years)  
July 13, 2021     325,147       316,066       4.32       0.53  
March 17, 2022     13,063       12,451       6.96       1.21  
May 18, 2022     5,750       5,301       7.84       1.38  
July 31, 2022     171,114       103,381       4.00       1.58  
September 14, 2022     74,156       64,216       5.52       1.70  
November 19, 2022     12,500       521       6.00       1.88  
June 6, 2023     14,063       8,789       7.36       2.43  
September 4, 2023     12,813       6,204       4.00       2.68  
April 2, 2024     107,500       52,500       3.36       3.26  
June 27, 2024     6,250       4,688       3.36       3.49  
July 24, 2024     148,344       15,453       4.00       3.57  
September 27, 2024     312,500       98,828       6.00       3.74  
October 22, 2024     12,500       5,078       5.28       3.81  
July 24, 2025     113,125       24,076       4.00       4.57  
August 10, 2025     12,500       2,083       4.00       4.61  
November 19, 2024     12,500       260       6.00       3.89  
      1,353,825       719,895       4.70       2.53  
Schedule of outstanding share purchase warrants
    Number Outstanding     Weighted Average Exercise Price  
          ($)  
Balance – December 31, 2017     1,711,690       4.80  
Exercised     (153,750 )     2.56  
Expired     (517,000 )     6.40  
Issued     427,598       6.24  
Balance – December 31, 2018     1,468,538       4.96  
Exercised     (154,990 )     2.72  
Expired     (347,732 )     3.20  
Issued     2,349,365       5.12  
Balance –  December 31, 2019     3,315,181       5.28  
Exercised     (1,056,143 )     2.40  
Expired     (438,948 )     4.32  
Issued     872,532       6.13  
Balance – December 31, 2020     2,692,622       5.88  
Schedule of assumptions in calculating the fair value of the warrants
    December 31,
2019		     December 31,
2018		  
Risk-free interest rate     1.77 %     1.85 %
Expected life of options     2.0 years       2.0 years  
Expected dividend yield     Nil       Nil  
Volatility     107.14 %     86.44 %
Weighted average fair value per warrant   $ 0.64     $ 2.56  
Schedule of share purchase warrants outstanding
Expiry Date  

Warrants

Outstanding

    

Exercise

Price

     Weighted Average Remaining Life  
          ($)     (years)  
February 13, 2021     75,000       6.40       0.13 *
February 14, 2021     247,133       4.80       0.13 *
February 14, 2021     6,883       2.88       0.13 *
July 26, 2021     952,117       5.60       0.57  
July 26, 2021     9,866       5.60       0.57  
August 9, 2021     247,841       5.60       0.63  
March 17, 2022     356,250       6.40       1.21  
July 17, 2022     172,532       6.40       1.54  
November 17, 2022     625,000       6.40       1.88  
      2,692,622       5.88       0.97  
Schedule of performance warrants outstanding
Expiry Date  

Performance Warrants

Outstanding

    

Performance Warrants

Exercisable

    

Exercise

Price

     Remaining Life  
                ($)     (years)  
June 30, 2021     625,250       625,250       4.00       0.50