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Share-based Compensation (Tables) | 6 Months Ended
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Jun. 30, 2024
Share-Based Payment Arrangement [Abstract] |
Summary of Stock-based Compensation Expense | The following table summarizes the total share-based compensation expense associated with the Company’s stock options and RSUs for the three and six months ended June 30, 2024 and 2023:
| For the three months ended June 30, | For the six months ended June 30,
| 2024 |  | 2023 | 2024 |  | 2023
Stock options | $ | 33 |  |  | $ | 372 |  | $ | 67 |  |  | $ | 1,106 |
RSUs | 2,203 |  |  | 1,959 |  | 4,184 |  |  | 3,760 |
Total share-based compensation | $ | 2,236 |  |  | $ | 2,331 |  | $ | 4,251 |  |  | $ | 4,866 |
Summary of the Changes in Options and Options Outstanding | The following is a summary of the changes in stock options for the six months ended June 30, 2024 and 2023:
| Weighted-average exercise price (C$) (i) |  | Number of options |  | Weighted-average remaining contractual term (years)
Balance as of January 1, 2024 | $ | 14.50 |  |  | 2,103,201 |  |  | 1.84
Cancellation, forfeiture and expiry of options | 19.05 |  |  | (1,381,696) |  |  |
Balance as of June 30, 2024 | $ | 5.78 |  |  | 721,505 |  |  | 4.13
Exercisable as of June 30, 2024 | $ | 6.59 |  |  | 520,820 |  |  | 3.58
| Weighted-average exercise price (C$) (i) |  | Number of options |  | Weighted-average remaining contractual term (years)
Balance as of January 1, 2023 | $ | 10.57 |  |  | 5,350,600 |  |  | 0.73
Issuance of options | 2.96 |  |  | 188,317 |  |  |
Cancellation, forfeiture and expiry of options | 7.75 |  |  | (3,435,716) |  |  |
Balance as of June 30, 2023 | $ | 14.50 |  |  | 2,103,201 |  |  | 2.34
Exercisable as of June 30, 2023 | $ | 18.72 |  |  | 1,426,612 |  |  | 1.00
(i)The weighted-average exercise price reflects the conversion of foreign currency-denominated stock options translated into C$ using the average foreign exchange rate as of the date of issuance. The following table summarizes stock options outstanding:
| As of June 30, 2024 |  | As of December 31, 2023
2020 Omnibus Plan | 702,264 |  |  | 702,264 |
2018 Stock Option Plan | 19,241 |  |  | 1,400,937 |
Total stock options outstanding | 721,505 |  |  | 2,103,201 |
Summary of Changes in RSUs | The following is a summary of the changes in RSUs for the six months ended June 30, 2024 and 2023:
| Weighted-average grant date fair value (C$)(ii) |  | Number of RSUs
Balance as of January 1, 2024 | $ | 3.77 |  |  | 7,381,541 |
Granted(i) | 2.95 |  |  | 2,503,835 |
Vested and issued | 3.53 |  |  | (1,343,425) |
Cancellation and forfeitures | 2.98 |  |  | (91,726) |
Balance as of June 30, 2024 | $ | 3.57 |  |  | 8,450,225 |
| Weighted-average grant date fair value (C$)(ii) |  | Number of RSUs
Balance as of January 1, 2023 | $ | 4.63 |  |  | 5,725,470 |
Granted(i) | 2.66 |  |  | 2,819,174 |
Vested and issued | 5.04 |  |  | (735,523) |
Cancellation and forfeitures | 3.93 |  |  | (254,382) |
Balance as of June 30, 2023 | $ | 3.87 |  |  | 7,554,739 |
(i)RSUs granted in the period vest annually in equal installments over a three-year period from either the grant date or after a three or five year “cliff-period.” All RSUs are subject to such holder’s continued employment through each vesting date. The vesting of such RSUs is not subject to the achievement of any performance criteria. (ii)The weighted-average grant date fair value reflects the conversion of foreign currency-denominated RSUs translated into C$ using the foreign exchange rate as of the date of issuance.
Summary of Changes in DSUs and Warrants | The following is a summary of the changes in DSUs for the six months ended June 30, 2024 and 2023:
| Financial liability |  | Number of DSUs
Balance as of January 1, 2024 | $ | 1,092 |  |  | 521,679 |
DSU liabilities settled | (359) |  |  | (155,383) |
Loss on revaluation | 122 |  |  | — |
Balance as of June 30, 2024 | $ | 855 |  |  | 366,296 |
| Financial liability |  | Number of DSUs
Balance as of January 1, 2023 | $ | 674 |  |  | 265,732 |
Gain on revaluation | (150) |  |  | — |
Balance as of June 30, 2023 | $ | 524 |  |  | 265,732 |

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