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WARRANT LIABILITY (Tables)
12 Months Ended
Dec. 31, 2019
Warrant Liability  
Schedule of Change in Warrant Liability

   

December 31,

2019

   

December 31,

2018

 
Balance, beginning   $ 2,009     $ 1,161  
US dollar warrants issued during the year     -       2,296  
Fair value adjustment     (520 )     (1,304 )
Effect of movement in exchange rates     90       (144 )
Balance, ending   $ 1,579     $ 2,009  
Less: current portion     -       -  
Non-current portion   $ 1,579     $ 2,009  

 

Continuity of all warrants is as follows:

 

   

Underlying

Shares

    Weighted Average Exercise Price  
Warrants outstanding and exercisable, January 1, 2018     3,602,215     $ 1.99  
Issued     7,175,846     $ 0.80  
Warrants outstanding and exercisable, December 31, 2018     10,778,061     $ 1.20  
Issued     464,122     C$0.85  
Expired     (3,602,215 )   $ 1.99  
Warrants outstanding and exercisable, December 31, 2019     7,639,968     $ 0.79  

Schedule of Warrants Outstanding and Exercisable

         

All Warrants

Outstanding and Exercisable

 
Expiry Date  

Exercise Price

per Share

   

December 31,

2019

   

December 31,

2018

 
March 14, 2019   $ 1.00       -       40,000  
November 28, 2019   $ 2.00       -       3,562,215  
July 30, 2020   C$0.85       464,122       -  
September 25, 2023   $ 0.80       7,175,846       7,175,846  
              7,639,968       10,778,061  

Schedule of Fair Value of Warrant Liability

   

December 31,

2019

   

December 31,

2018

 
Weighted average assumptions:            
Risk-free interest rate     1.68 %     1.88 %
Expected dividend yield     0 %     0 %
Expected warrant life (years)     3.57       3.46  
Expected stock price volatility     61.61 %     61.47 %
Weighted average fair value   $ 0.22     $ 0.19