Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Share Capital and Reserves (Tables)

v3.23.1
Share Capital and Reserves (Tables)
 3 Months Ended
Mar. 31, 2023
Share Capital and Reserves Tables [Abstract]  
Schedule of outstanding stock options
    Number
Outstanding		     Weighted Average
Exercise Price		  
          ($)  
Balance –December 31, 2021     129,451       63.60  
Granted     104,520       6.19  
Exercised    
-
      
-
  
Forfeited     (6,183 )     92.81  
Balance –December 31, 2022     227,788       37.13  
Granted     400,000       0.90  
Exercised    
-
      
-
  
Forfeited     (60,375 )     48.95  
Balance – March 31, 2023     567,413       10.33  

 
Schedule of fair value of stock options
    March 31,
2023		     December 31,
2022
Risk-free interest rate     3.93%     2.14% – 4.03%
Expected life of options     5.0 years     5.0 years
Expected dividend yield     Nil     Nil
Volatility     132.65%     96.90% – 112.40%

 
Schedule of incentive stock options outstanding
Expiry Date  

Options

Outstanding

    

Exercise

Price 

     Weighted Average
Remaining Life		  
          ($)     (years)  
June 6, 2023     937       85.50       0.17  
September 4, 2023     688       44.55       0.42  
April 2, 2024     6,961       37.80       1.00  
June 27, 2024     417       38.40       1.25  
September 27, 2024     17,086       67.95       1.50  
October 22, 2024     834       60.45       1.58  
July 24, 2025     11,794       44.70       2.33  
July 31, 2025     9,610       44.70       2.33  
August 10, 2025     833       44.70      
2,42
  
June 1, 2026     3,788       105.60       3.17  
June 29, 2026     1,500       84.75       3.25  
August 19, 2026     29,682       63.00       3.42  
March 18, 2027     800       19.80       4.00  
May 10, 2027     700       11.85       4.17  
August 17, 2027     79,543       6.00       4.42  
September 20, 2027     2,240       3.45       4.50  
February 13, 2028     400,000       0.90       5.00  
      567,413       10.33       4.53  

 
Schedule of outstanding stock options
    Number
Outstanding		     Weighted Average
Exercise Price		  
          ($)  
Balance – December 31, 2021     299,077       102.45  
Exercised    
-
      
-
  
Expired     (186,586 )     96.30  
Issued     5,166,044       3.42  
Balance – December 31, 2022     5,278,535       5.74  
Exercised     (4,042,000 )     1.10  
Expired    
-
      
-
  
Issued     175,000       0.90  
Balance – March 31, 2023(1)     1,411,535       18.44  

 

(1) Unit A warrant balance is 1,687,341 as of March 31, 2023; however, table above reflects 15:1 post-consolidated common shares to be issued and exercise price upon the exercise of the warrants.

 
Schedule of assumptions in calculating the fair value of the warrants
    March 31,
2023		  
Risk-free interest rate     3.60% - 3.81%  
Expected life of warrants     2.83 – 4.92 years  
Expected dividend yield     Nil  
Volatility     132.65%  
Weighted average fair value per warrant   $ 0.29  

Schedule of share purchase warrants outstanding
Expiry Date  

Warrants
Outstanding

    

Exercise
Price

     Weighted Average
Remaining Life		  
          ($)     (years)  
January 20, 2026(1)     112,491       112.50       2.83  
February 28, 2027     331,044       28.80       3.92  
December 6, 2027     220,500       1.25       4.67  
December 9, 2027     158,000       1.10       4.67  
January 18, 2028     414,500       7.80       4.83  
February 2, 2028     175,000       0.90       4.92  
      1,411,535       18.44       4.42  

 

(1) Unit A warrant balance is 1,687,341 as of March 31, 2023; however, the table above reflects 15:1 post-consolidated common shares to be issued and exercise price upon the exercise of the warrants.