Shareholders' Equity and Capital Stock (Tables)
|
3 Months Ended |
Mar. 31, 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 |
|
|
|
|
|
|
|
|
|
|
Exercised |
|
|
(1,723,818 |
) |
|
|
0.64 |
|
Forfeited |
|
|
(219,055 |
) |
|
|
0.56 |
|
|
|
|
|
|
|
|
|
|
March 31, 2021 |
|
|
9,967,551 |
|
|
$ |
0.62 |
|
|
| 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 |
|
|
|
1,084,470 |
|
|
|
0.7 |
|
|
|
562,753 |
|
|
|
1,084,470 |
|
|
|
0.7 |
|
|
|
562,753 |
|
|
2021-12-16 |
|
0.58 |
|
|
|
200,000 |
|
|
|
1.4 |
|
|
|
103,784 |
|
|
|
200,000 |
|
|
|
1.4 |
|
|
|
103,784 |
|
|
2022-09-07 |
|
0.72 |
|
|
|
1,541,751 |
|
|
|
1.7 |
|
|
|
591,416 |
|
|
|
1,541,751 |
|
|
|
1.7 |
|
|
|
591,416 |
|
|
2022-12-15 |
|
0.61 |
|
|
|
200,000 |
|
|
|
2.0 |
|
|
|
97,416 |
|
|
|
200,000 |
|
|
|
2.0 |
|
|
|
97,416 |
|
|
2023-03-30 |
|
0.74 |
|
|
|
834,240 |
|
|
|
2.4 |
|
|
|
300,093 |
|
|
|
532,584 |
|
|
|
2.4 |
|
|
|
191,581 |
|
|
2023-08-20 |
|
0.72 |
|
|
|
726,674 |
|
|
|
2.7 |
|
|
|
272,968 |
|
|
|
477,562 |
|
|
|
2.7 |
|
|
|
179,391 |
|
|
2023-12-14 |
|
0.63 |
|
|
|
2,555,926 |
|
|
|
3.6 |
|
|
|
1,204,250 |
|
|
|
851,978 |
|
|
|
3.6 |
|
|
|
401,418 |
|
|
2024-11-05 |
|
0.50 |
|
|
|
2,824,490 |
|
|
|
4.6 |
|
|
|
1,690,514 |
|
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
2025-11-13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.62 |
|
|
|
9,967,551 |
|
|
|
3.0 |
|
|
|
4,823,194 |
|
|
|
4,888,345 |
|
|
|
2.0 |
|
|
|
2,127,759 |
|
|
|
|
| Schedule of Stock Option Fair Value Assumptions |
Stock Option Fair Value Assumptions |
|
2020 |
|
|
2019 |
|
|
2018 |
|
|
2017 |
|
|
2016 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expected forfeiture rate |
|
|
6.1 |
% |
|
|
6.2 |
% |
|
5.8% - 6.0% |
|
|
5.3% - 6.0% |
|
|
|
6.2 |
% |
Expected life (years) |
|
|
3.9 |
|
|
|
3.7 |
|
|
3.7 - 3.8 |
|
|
|
3.7 |
|
|
|
3.7 |
|
Expected volatility |
|
|
63.2 |
% |
|
|
58.6 |
% |
|
54.6% - 55.0% |
|
|
56.0% - 57.0% |
|
|
|
57.0 |
% |
Risk free rate |
|
|
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 |
% |
Black-Scholes value (CAD$) |
|
|
$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 |
|
|
|
|
|
|
|
|
|
|
Forfeited |
|
|
(59,843 |
) |
|
$ |
0.58 |
|
|
|
|
|
|
|
|
|
|
March 31, 2021 |
|
|
1,345,119 |
|
|
$ |
0.56 |
|
|
| 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 |
|
|
|
0.6 |
|
|
|
702,888 |
|
|
2021-11-05 |
|
|
706,130 |
|
|
|
1.6 |
|
|
|
776,743 |
|
|
2022-11-13 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,345,119 |
|
|
|
1.1 |
|
|
|
1,479,631 |
|
|
|
|
|
| Schedule Of Share-Based Compensation, Shares Authorized Under Restricted Stock Units, By Grant Date |
Restricted Share Unit Fair Value Assumptions |
|
2020 |
|
|
2019 |
|
|
|
|
|
|
|
|
Expected forfeiture rate |
|
|
4.2 |
% |
|
|
4.8 |
% |
Grant date fair value (CAD$) |
|
|
$0.63 |
|
|
|
$0.79 |
|
|
| Schedule Of Share-Based Compensation, Warrants, Activity |
|
|
|
|
|
Number of |
|
|
|
|
|
|
Outstanding |
|
|
shares to be
issued
|
|
|
Per share |
|
Warrant Activity |
|
warrants |
|
|
upon exercise |
|
|
exercise price |
|
|
|
# |
|
|
# |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
December 31, 2020 |
|
|
22,062,878 |
|
|
|
11,031,439 |
|
|
|
0.90 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Issued |
|
|
16,930,530 |
|
|
|
8,465,265 |
|
|
|
1.35 |
|
Exercised |
|
|
(962,000 |
) |
|
|
(481,000 |
) |
|
|
0.75 |
|
Expired |
|
|
- |
|
|
|
- |
|
|
|
- |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
March 31, 2021 |
|
|
38,031,408 |
|
|
|
19,015,704 |
|
|
|
1.10 |
|
|
| Schedule Of Share-based Compensation Shares Authorized Under Warrants Plans by exercise price range |
|
|
|
|
|
|
Weighted- |
|
|
|
|
|
|
|
|
|
|
|
|
|
average |
|
|
|
|
|
|
|
|
|
|
|
|
|
remaining |
|
|
Aggregate |
|
|
|
|
Exercise |
|
|
Number |
|
|
contractual |
|
|
Intrinsic |
|
|
|
|
price |
|
|
of warrants |
|
|
life (years) |
|
|
Value |
|
|
Expiry |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.00 |
|
|
|
13,062,878 |
|
|
|
0.5 |
|
|
|
653,144 |
|
|
2021-09-25 |
|
|
0.75 |
|
|
|
8,038,000 |
|
|
|
1.3 |
|
|
|
1,406,650 |
|
|
2022-08-04 |
|
|
1.35 |
|
|
|
16,930,530 |
|
|
|
2.8 |
|
|
|
- |
|
|
2024-02-04 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.10 |
|
|
|
38,031,408 |
|
|
|
1.7 |
|
|
|
2,059,794 |
|
|
|
|
|
| Schedule of Warrant Fair Value Assumptions |
Warrant Fair Value Assumptions |
|
2021 |
|
|
2020 |
|
|
2019 |
|
|
2018 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Expected forfeiture rate |
|
|
0.0 |
% |
|
|
0.0 |
% |
|
|
- |
|
|
|
0.0 |
% |
Expected life (years) |
|
|
3.0 |
|
|
|
2.0 |
|
|
|
- |
|
|
|
3.0 |
|
Expected volatility |
|
|
69.3 |
% |
|
|
71.2 |
% |
|
|
- |
|
|
|
55.2 |
% |
Risk free rate |
|
|
0.2 |
% |
|
|
0.2 |
% |
|
|
- |
|
|
|
2.2 |
% |
Expected dividend rate |
|
|
0.0 |
% |
|
|
0.0 |
% |
|
|
- |
|
|
|
0.0 |
% |
Black-Scholes value (CAD$) |
|
|
$0.39 |
|
|
|
$0.26 |
|
|
|
$0.00 |
|
|
|
$0.34 |
|
|