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WARRANT LIABILITY (Tables)
6 Months Ended
Jun. 30, 2021
Schedule of Change in Warrant Liability

 

 

June 30,

2021

 

 

December 31,

2020

 

Balance at beginning of the period

 

$2,295

 

 

$1,579

 

Fair value adjustment

 

 

(1,044)

 

 

650

 

Effect of movement in exchange rates

 

 

56

 

 

 

66

 

Balance at end of the period

 

$1,307

 

 

$2,295

 

Schedule of Warrants Outstanding and Exercisable

 

 

Underlying

Shares

 

 

Weighted Average Exercise Price

 

Warrants outstanding and exercisable, January 1, 2020

 

 

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

 

Exercised

 

 

(1,030,362)

 

$0.80

 

Warrants outstanding and exercisable, June 30, 2021

 

 

1,950,412

 

 

$0.80

 

 

 

 

 

 

All Warrants

Outstanding and Exercisable

 

Expiry Date

 

Exercise Price

per Share

 

 

June 30,

2021

 

 

December 31,

2020

 

September 25, 2023

 

$0.80

 

 

 

1,950,412

 

 

 

2,980,774

 

 

 

 

 

 

 

 

1,950,412

 

 

 

2,980,774

 

Schedule of Fair Value of Warrant Liability

 

 

June 30,

2021

 

 

December 31,

2020

 

Weighted average assumptions:

 

 

 

 

 

 

 Risk-free interest rate

 

 

0.44%

 

 

0.20%

 Expected dividend yield

 

 

0%

 

 

0%

 Expected warrant life (years)

 

 

2.24

 

 

 

2.73

 

 Expected stock price volatility

 

 

85.01%

 

 

73.93%

Weighted average fair value

 

$0.67

 

 

$0.77