Shareholders Equity and Capital Stock (Tables)
|
9 Months Ended |
Sep. 30, 2021 |
|---|
| Shareholders Equity and Capital Stock |
|
| Schedule of Share-based Compensation, Stock Options, Activity |
|
|
Outstanding |
|
|
Weighted-average |
|
Stock Option Activity |
|
Options |
|
|
exercise price |
|
|
|
# |
|
|
$ |
|
|
|
|
|
|
|
|
December 31, 2020 |
|
|
11,910,424 |
|
|
$ |
0.61 |
|
|
|
|
|
|
|
|
|
|
Granted |
|
|
1,322,164 |
|
|
|
1.14 |
|
Exercised |
|
|
(1,901,366 |
) |
|
|
0.63 |
|
Forfeited |
|
|
(219,055 |
) |
|
|
0.56 |
|
|
|
|
|
|
|
|
|
|
September 30, 2021 |
|
|
11,112,167 |
|
|
$ |
0.67 |
|
|
| 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 |
$ |
|
|
# |
|
|
|
|
|
$ |
|
|
# |
|
|
|
|
|
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.58 |
|
|
|
924,470 |
|
|
|
0.2 |
|
|
|
1,057,891 |
|
|
|
924,470 |
|
|
|
0.2 |
|
|
|
1,057,891 |
|
|
2021-12-16 |
|
0.58 |
|
|
|
200,000 |
|
|
|
0.9 |
|
|
|
228,864 |
|
|
|
200,000 |
|
|
|
0.9 |
|
|
|
228,864 |
|
|
2022-09-07 |
|
0.71 |
|
|
|
1,541,751 |
|
|
|
1.2 |
|
|
|
1,557,569 |
|
|
|
1,541,751 |
|
|
|
1.2 |
|
|
|
1,557,569 |
|
|
2022-12-15 |
|
0.61 |
|
|
|
200,000 |
|
|
|
1.5 |
|
|
|
222,556 |
|
|
|
200,000 |
|
|
|
1.5 |
|
|
|
222,556 |
|
|
2023-03-30 |
|
0.73 |
|
|
|
830,366 |
|
|
|
1.9 |
|
|
|
819,241 |
|
|
|
830,366 |
|
|
|
1.9 |
|
|
|
819,241 |
|
|
2023-08-20 |
|
0.72 |
|
|
|
726,674 |
|
|
|
2.2 |
|
|
|
728,399 |
|
|
|
477,562 |
|
|
|
2.2 |
|
|
|
478,696 |
|
|
2023-12-14 |
|
0.62 |
|
|
|
2,542,252 |
|
|
|
3.1 |
|
|
|
2,788,866 |
|
|
|
838,304 |
|
|
|
3.1 |
|
|
|
919,625 |
|
|
2024-11-05 |
|
0.50 |
|
|
|
2,824,490 |
|
|
|
4.1 |
|
|
|
3,454,865 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
2025-11-13 |
|
1.14 |
|
|
|
1,322,164 |
|
|
|
4.9 |
|
|
|
772,694 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
2026-08-27 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.67 |
|
|
|
11,112,167 |
|
|
|
2.9 |
|
|
|
11,630,945 |
|
|
|
5,012,453 |
|
|
|
1.5 |
|
|
|
5,284,442 |
|
|
|
|
| Schedule of Stock Option Fair Value Assumptions |
Stock Option Fair Value Assumptions |
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
2018 |
|
|
2017 |
|
|
2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expected forfeiture rate |
|
|
6.1 |
% |
|
|
6.1 |
% |
|
|
6.2 |
% |
|
|
5.8% - 6.0 |
% |
|
|
5.3% - 6.0 |
% |
|
|
5.6 |
% |
Expected life (years) |
|
|
3.9 |
|
|
|
3.9 |
|
|
|
3.7 |
|
|
|
3.7 - 3.8 |
|
|
|
3.7 |
|
|
|
3.7 |
|
Expected volatility |
|
|
69.5 |
% |
|
|
63.2 |
% |
|
|
58.6 |
% |
|
|
53.8% - 55.0 |
% |
|
|
56.0% - 57.5 |
% |
|
|
56.8 |
% |
Risk free rate |
|
|
0.7 |
% |
|
|
0.4 |
% |
|
|
1.6 |
% |
|
|
1.9% - 2.1 |
% |
|
|
1.0% - 1.6 |
% |
|
|
1.0 |
% |
Expected dividend rate |
|
|
0.0 |
% |
|
|
0.0 |
% |
|
|
0.0 |
% |
|
|
0.0 |
% |
|
|
0.0 |
% |
|
|
0.0 |
% |
Black-Scholes value (CAD$) |
|
$ |
0.74 |
|
|
$ |
0.30 |
|
|
$ |
0.35 |
|
|
$ |
0.33 - $0.39 |
|
|
$ |
0.32 - $0.44 |
|
|
$ |
0.31 |
|
|
| Schedule of Restricted Share Unit Activity |
|
|
|
|
|
Weighted average |
|
|
|
Outstanding |
|
|
grant date |
|
Restricted Share Unit Activity |
|
RSUs |
|
|
fair value |
|
|
|
# |
|
|
$ |
|
|
|
|
|
|
|
|
December 31, 2020 |
|
|
1,404,962 |
|
|
$ |
0.54 |
|
|
|
|
|
|
|
|
|
|
Granted |
|
|
305,530 |
|
|
$ |
1.14 |
|
Forfeited |
|
|
(59,843 |
) |
|
$ |
0.56 |
|
|
|
|
|
|
|
|
|
|
September 30, 2021 |
|
|
1,650,649 |
|
|
$ |
0.66 |
|
|
| Schedule of Share-based Compensation, Restricted Stock Units Award Activity |
RSUs outstanding |
|
|
|
|
Weighted- |
|
|
|
|
|
|
|
|
|
|
average |
|
|
|
|
|
|
|
|
|
|
remaining |
|
|
Aggregate |
|
|
|
|
Number |
|
|
contractual |
|
|
intrinsic |
|
|
Redemption |
|
of RSUs |
|
|
life (years) |
|
|
value |
|
|
Date |
|
# |
|
|
|
|
|
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
638,989 |
|
|
|
0.1 |
|
|
|
1,099,061 |
|
|
2021-11-06 |
|
|
706,130 |
|
|
|
1.1 |
|
|
|
1,214,544 |
|
|
2022-11-13 |
|
|
305,530 |
|
|
|
1.9 |
|
|
|
525,512 |
|
|
2023-08-27 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,650,649 |
|
|
|
0.9 |
|
|
|
2,839,117 |
|
|
|
|
|
| Schedule Of Share-Based Compensation, Shares Authorized Under Restricted Stock Units, By Grant Date |
Restricted Share Unit Fair Value Assumptions |
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
|
|
|
|
|
|
|
|
|
Expected forfeiture rate |
|
|
4.4 |
% |
|
|
4.2 |
% |
|
|
4.8 |
% |
Grant date fair value (CAD$) |
|
$ |
1.44 |
|
|
$ |
0.63 |
|
|
$ |
0.79 |
|
|
| Schedule Of Share-Based Compensation, Warrants, Activity |
|
|
|
|
|
Number of |
|
|
|
|
|
|
Outstanding |
|
|
shares to be issued |
|
|
Per share |
|
Warrant Activity |
|
warrants |
|
|
upon exercise |
|
|
exercise price |
|
|
|
# |
|
|
# |
|
|
$ |
|
|
|
|
|
|
|
|
|
|
|
December 31, 2020 |
|
|
22,062,878 |
|
|
|
11,031,439 |
|
|
|
0.90 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issued |
|
|
16,930,530 |
|
|
|
8,465,265 |
|
|
|
1.35 |
|
Exercised |
|
|
(13,500,920 |
) |
|
|
(6,750,460 |
) |
|
|
0.98 |
|
Expired |
|
|
(573,958 |
) |
|
|
(286,979 |
) |
|
|
1.00 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
September 30, 2021 |
|
|
24,918,530 |
|
|
|
12,459,265 |
|
|
|
1.16 |
|
|
| Schedule Of Share-based Compensation Shares Authorized Under Warrants Plans by exercise price range |
|
|
|
|
|
|
Weighted- |
|
|
|
|
|
|
|
|
|
|
|
|
|
average |
|
|
|
|
|
|
|
|
|
|
|
|
|
remaining |
|
|
Aggregate |
|
|
|
|
Exercise |
|
|
Number |
|
|
contractual |
|
|
Intrinsic |
|
|
|
|
price |
|
|
of warrants |
|
|
life (years) |
|
|
Value |
|
|
Expiry |
|
$ |
|
|
# |
|
|
|
|
|
$ |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.75 |
|
|
|
8,038,000 |
|
|
|
0.8 |
|
|
|
3,898,430 |
|
|
2022-08-04 |
|
|
1.35 |
|
|
|
16,880,530 |
|
|
|
2.3 |
|
|
|
3,122,898 |
|
|
2024-02-04 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.16 |
|
|
|
24,918,530 |
|
|
|
1.9 |
|
|
|
7,021,328 |
|
|
|
|
|
| Schedule of Warrant Fair Value Assumptions |
Warrant Fair Value Assumptions |
|
2021 |
|
|
2020 |
|
|
|
|
|
|
|
|
Expected forfeiture rate |
|
|
0.0 |
% |
|
|
0.0 |
% |
Expected life (years) |
|
|
3.0 |
|
|
|
2.0 |
|
Expected volatility |
|
|
69.3 |
% |
|
|
71.2 |
% |
Risk free rate |
|
|
0.2 |
% |
|
|
0.2 |
% |
Expected dividend rate |
|
|
0.0 |
% |
|
|
0.0 |
% |
Black-Scholes value (CAD$) |
|
$ |
0.39 |
|
|
$ |
0.26 |
|
|