Quarterly report pursuant to Section 13 or 15(d)

Shareholders' Equity and Capital Stock (Tables)

v3.21.2
Shareholders' Equity and Capital Stock (Tables)
6 Months Ended
Jun. 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

 

 

 

 

 

 

 

 

 

 

Exercised

 

 

(1,883,818 )

 

 

0.63

 

Forfeited

 

 

(219,055 )

 

 

0.56

 

 

 

 

 

 

 

 

 

 

June 30, 2021

 

 

9,807,551

 

 

$ 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

$

 

 

#

 

 

 

 

 

$

 

 

#

 

 

 

 

 

 $

 

 

 

 

0.59

 

 

 

924,470

 

 

 

0.5

 

 

 

749,981

 

 

 

924,470

 

 

 

0.5

 

 

 

749,981

 

 

2021-12-16

 

0.59

 

 

 

200,000

 

 

 

1.2

 

 

 

162,251

 

 

 

200,000

 

 

 

1.2

 

 

 

162,251

 

 

2022-09-07

 

0.73

 

 

 

1,541,751

 

 

 

1.5

 

 

 

1,039,371

 

 

 

1,541,751

 

 

 

1.5

 

 

 

1,039,371

 

 

2022-12-15

 

0.62

 

 

 

200,000

 

 

 

1.7

 

 

 

155,799

 

 

 

200,000

 

 

 

1.7

 

 

 

155,799

 

 

2023-03-30

 

0.75

 

 

 

834,240

 

 

 

2.1

 

 

 

542,218

 

 

 

532,584

 

 

 

2.1

 

 

 

346,156

 

 

2023-08-20

 

0.73

 

 

 

726,674

 

 

 

2.5

 

 

 

484,027

 

 

 

477,562

 

 

 

2.5

 

 

 

318,097

 

 

2023-12-14

 

0.64

 

 

 

2,555,926

 

 

 

3.4

 

 

 

1,949,826

 

 

 

851,978

 

 

 

3.4

 

 

 

649,944

 

 

2024-11-05

 

0.51

 

 

 

2,824,490

 

 

 

4.4

 

 

 

2,519,177

 

 

 

-

 

 

 

-

 

 

 

-

 

 

2025-11-13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

0.62

 

 

 

9,807,551

 

 

 

2.8

 

 

 

7,602,650

 

 

 

4,728,345

 

 

 

1.8

 

 

 

3,421,599

 

 

 

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

%

 

 

5.6 %

Expected life (years)

 

 

3.9

 

 

 

3.7

 

 

3.7 - 3.8

 

 

 

3.7

 

 

 

3.7

 

Expected volatility

 

 

63.2 %

 

 

58.6 %

 

53.8% - 55.0

%

 

56.0% - 57.5

%

 

 

56.8 %

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 )

 

$ 0.56

 

 

 

 

 

 

 

 

 

 

June 30, 2021

 

 

1,345,119

 

 

$ 0.57

 

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

 

 

 

0.4

 

 

 

894,585

 

 

2021-11-05

 

 

706,130

 

 

 

1.4

 

 

 

988,582

 

 

2022-11-13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1,345,119

 

 

 

0.9

 

 

 

1,883,167

 

 

 

 
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

 

 

(2,613,274 )

 

 

(1,306,637 )

 

 

0.91

 

 

 

 

 

 

 

 

 

 

 

 

 

 

June 30, 2021

 

 

36,380,134

 

 

 

18,190,067

 

 

 

1.11

 

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

 

 

 

11,411,604

 

 

 

0.2

 

 

 

2,282,321

 

 

2021-09-25

 

 

0.75

 

 

 

8,038,000

 

 

 

1.1

 

 

 

2,612,350

 

 

2022-08-04

 

 

1.35

 

 

 

16,930,530

 

 

 

2.6

 

 

 

423,263

 

 

2024-02-04

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

1.11

 

 

 

36,380,134

 

 

 

1.5

 

 

 

5,317,934

 

 

 

 
Schedule of Warrant Fair Value Assumptions

Warrant Fair Value Assumptions

 

2021

 

 

2020

 

 

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

 

 

$0.32