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SUBSEQUENT EVENTS
12 Months Ended
Dec. 31, 2023
Subsequent Events [Abstract]  
Subsequent Events SUBSEQUENT EVENTS
Issued Capital Stock
The Company issued a total of 0.62 million Common Shares under the ATM for net proceeds of $4.79 million, after share issuance costs, through various transactions from December 31, 2023 to February 23, 2024.
Issuance of RSUs and Stock Options
On January 25, 2024, the Company granted $2.78 million of RSUs at a grant price of $7.48 per share, $0.68 million of non-incentive stock options with an exercise price of $7.48 per share, and $0.97 million of non-incentive stock options at a 10%
premium with an exercise price of $8.23 per share to its employees and directors. The stock options carry a five-year life and vest as follows: 50% on January 25, 2025; and 50% on January 25, 2026. The RSUs vest as follows: 50% on January 27, 2025; 25% on January 27, 2026; and 25% on January 27, 2027. Additionally, the Company granted $0.31 million non-incentive stock options with an exercise price of $7.48 per share to certain consultants (“Consultant Options”). The Consultant Options carry a three-year life and vest as follows: 50% on January 25, 2025; and 50% on January 25, 2026.