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WARRANT LIABILITY (Tables)
12 Months Ended
Dec. 31, 2020
Schedule of Change in Warrant Liability

 

 

 

December 31,

2020

 

 

December 31,

2019

 

Balance at beginning of the period

 

$

1,579

 

 

$

2,009

 

Fair value adjustment

 

 

650

 

 

 

(520

)

Effect of movement in exchange rates

 

 

66

 

 

 

90

 

Balance at end of the period

 

$

2,295

 

 

$

1,579

 

Schedule of Warrants Outstanding and Exercisable

 

 

 

Underlying

Shares

 

 

Weighted Average Exercise Price

 

Warrants outstanding and exercisable, January 1, 2019

 

 

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

 

Exercised

 

 

(4,195,072

)

 

$0.80

 

Exercised

 

 

(464,122

)

 

C$0.85

 

Warrants outstanding and exercisable, December 31, 2020

 

 

2,980,774

 

 

$0.80

 

 

 

 

 

 

All Warrants

Outstanding and Exercisable

 

Expiry Date

 

Exercise Price

per Share

 

 

December 31,

2020

 

 

December 31,

2019

 

July 30, 2020

 

C$

0.85

 

 

 

-

 

 

 

464,122

 

September 25, 2023

 

$

0.80

 

 

 

2,980,774

 

 

 

7,175,846

 

 

 

 

 

 

 

 

2,980,774

 

 

 

7,639,968

 

Schedule of Fair Value of Warrant Liability

 

 

 

December 31,

2020

 

 

December 31,

2019

 

Weighted average assumptions:

 

 

 

 

 

 

 Risk-free interest rate

 

 

0.20

%

 

 

1.68

%

 Expected dividend yield

 

 

0

%

 

 

0

%

 Expected warrant life (years)

 

 

2.73

 

 

 

3.57

 

 Expected stock price volatility

 

 

73.93

%

 

 

61.61

%

Weighted average fair value

 

$

0.77

 

 

$

0.22