Annual report pursuant to Section 13 and 15(d)

Shareholders' Equity and Capital Stock (Tables)

v3.10.0.1
Shareholders' Equity and Capital Stock (Tables)
$ in Thousands
12 Months Ended
Dec. 31, 2018
USD ($)
Shareholders' Equity and Capital Stock [Abstract]  
Schedule of Share-based Compensation, Stock Options, Activity

 

 

 

 

 

 

 

 

 

 

 

Weighted-

 

 

 

 

 

average

 

 

 

Options

 

exercise price

 

 

 

#

 

$

 

 

 

 

 

 

Balance, December 31, 2015

 

 

9,974,407

 

0.88

 

 

 

 

 

 

Granted

 

 

3,062,542

 

0.57

Exercised

 

 

(16,620)

 

0.58

Forfeited

 

 

(788,883)

 

0.70

Expired

 

 

(2,482,512)

 

1.56

 

 

 

 

 

 

Balance, December 31, 2016

 

 

9,748,934

 

0.63

 

 

 

 

 

 

Granted

 

 

2,666,644

 

0.69

Exercised

 

 

(871,717)

 

0.62

Forfeited

 

 

(536,178)

 

0.64

Expired

 

 

(1,548,282)

 

0.71

 

 

 

 

 

 

Balance, December 31, 2017

 

 

9,459,401

 

0.70

 

 

 

 

 

 

Granted

 

 

2,182,955

 

0.70

Exercised

 

 

(496,838)

 

0.58

Forfeited

 

 

(275,085)

 

0.72

Expired

 

 

(1,138,821)

 

0.83

 

 

 

 

 

 

Outstanding, December 31, 2018

 

 

9,731,612

 

0.64

 

Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Options outstanding

 

Options exercisable

 

 

 

 

 

 

Weighted-

 

 

 

 

 

Weighted-

 

 

 

 

 

 

 

 

average

 

 

 

 

 

average

 

 

 

 

 

 

 

 

remaining

 

Aggregate

 

 

 

remaining

 

Aggregate

 

 

Exercise

 

Number

 

contractual

 

intrinsic

 

Number

 

contractual

 

intrinsic

 

 

price

 

of options

 

life (years)

 

value

 

of options

 

life (years)

 

value

 

Expiry

$

 

 

 

 

 

$

 

 

 

 

 

$

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.23

 

100,000

 

0.2

 

 -

 

100,000

 

0.2

 

 -

 

31-Mar-19

0.75

 

724,274

 

0.9

 

 -

 

724,274

 

0.9

 

 -

 

12-Dec-19

0.84

 

200,000

 

1.4

 

 -

 

200,000

 

1.4

 

 -

 

29-May-20

0.63

 

568,602

 

1.6

 

10

 

568,602

 

1.6

 

10

 

17-Aug-20

0.59

 

984,878

 

1.9

 

51

 

984,878

 

1.9

 

51

 

11-Dec-20

0.54

 

2,411,930

 

3.0

 

228

 

2,411,930

 

3.0

 

228

 

16-Dec-21

0.75

 

300,000

 

3.2

 

 -

 

300,000

 

3.2

 

 -

 

02-Mar-22

0.54

 

200,000

 

3.7

 

19

 

66,000

 

3.7

 

 6

 

07-Sep-22

0.66

 

2,064,916

 

4.0

 

 -

 

761,822

 

4.0

 

 -

 

15-Dec-22

0.56

 

200,000

 

4.2

 

15

 

 -

 

 -

 

 -

 

30-Mar-23

0.68

 

1,057,654

 

4.6

 

 -

 

 -

 

-

 

 -

 

20-Aug-23

0.67

 

919,358

 

5.0

 

 -

 

-

 

-

 

 -

 

14-Dec-23

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.64

 

9,731,612

 

3.2

 

323

 

6,117,506

 

2.5

 

295

 

 

 

Schedule of Share-based Compensation, Restricted Stock Units Award Activity

 

 

 

 

 

 

 

 

 

Number

 

Weighted

 

 

 

of

 

average grant

 

 

 

RSUs

 

date fair value

 

 

 

 

 

 

Unvested, December 31, 2015

 

 

860,095

 

0.82

 

 

 

 

 

 

Granted

 

 

715,638

 

0.57

Vested

 

 

(281,342)

 

0.81

Forfeited

 

 

(20,401)

 

0.65

 

 

 

 

 

 

Unvested, December 31, 2016

 

 

1,273,990

 

0.60

 

 

 

 

 

 

Granted

 

 

541,658

 

0.69

Vested

 

 

(575,818)

 

0.69

Forfeited

 

 

(63,878)

 

0.58

 

 

 

 

 

 

Unvested, December 31, 2017

 

 

1,175,952

 

0.65

 

 

 

 

 

 

Granted

 

 

470,756

 

0.71

Vested

 

 

(621,092)

 

0.63

Forfeited

 

 

(40,120)

 

0.57

 

 

 

 

 

 

Unvested, December 31, 2018

 

 

985,496

 

0.67

 

Schedule Of Share-Based Compensation, Shares Authorized Under Restricted Stock Units, By Grant Date

 

 

 

 

 

 

 

 

 

Number of

 

Remaining

 

Aggregate

 

 

unvested

 

life

 

intrinsic

Grant date

 

RSUs

 

(years)

 

value

 

 

 

 

 

 

$

December 15, 2017

 

516,226

 

0.96

 

336

August 20, 2018

 

239,423

 

1.64

 

156

December 14, 2018

 

229,847

 

1.96

 

149

 

 

 

 

 

 

 

 

 

985,496

 

1.36

 

641

 

Schedule Of Share-Based Compensation, Warrants, Activity

 

 

 

 

 

 

 

 

Number

Number of

 

 

 

 

of

shares to be issued

 

Per share

 

 

warrants

upon exercise

 

exercise price

 

 

 

 

 

$

Outstanding, December 31, 2015

 

8,224,112

8,224,112

 

1.71

 

 

 

 

 

 

Expired

 

(2,379,545)

(2,379,545)

 

1.34

 

 

 

 

 

 

Outstanding, December 31, 2016

 

5,844,567

5,844,567

 

1.02

 

 

 

 

 

 

Outstanding, December 31, 2017

 

5,844,567

5,844,567

 

0.97

 

 

 

 

 

 

Granted

 

13,062,878

6,531,439

 

1.00

Expired

 

(5,844,567)

(5,844,567)

 

0.97

 

 

 

 

 

 

Outstanding, December 31, 2018

 

13,062,878

6,531,439

 

1.00

 

Schedule Of Share-based Compensation Shares Authorized Under Warrants Plans by exercise price range

 

 

 

 

 

 

 

 

 

 

 

 

 

Remaining

 

Aggregate

 

 

Exercise

 

Number

 

contractual

 

Intrinsic

 

 

price

 

of warrants

 

life (years)

 

Value

 

Expiry

$

 

 

 

 

 

$

 

 

1.00

 

13,062,878

 

2.7

 

 -

 

25-Sep-21

 

 

 

 

 

 

 

 

 

1.00

 

13,062,878

 

2.7

 

 -

 

 

 

Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions

 

 

 

 

 

2018

2017

2016

 

 

 

 

Expected option life (years)

3.74 - 3.79

3.73 - 3.74

3.72

Expected warrant life (years)

3.00

 -

 -

Expected volatility

54 - 57%

56 - 57%

57%

Risk-free interest rate

1.9% - 2.2%

1.0% - 1.6%

1.0%

Expected dividend rate

0%

0%

0%

Forfeiture rate (options)

5.8% - 6.0%

5.3% - 6.0%

5.6%

Forfeiture rate (warrants)

0%

 -

 -

Forfeiture rate (RSUs)

5.5 - 5.9%

6.1%

6.2%

 

Long term debt $ 14,996