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SHARE CAPITAL AND SHAREBASED PAYMENTS (Tables)
12 Months Ended
Dec. 31, 2021
Schedule of Stock Options

 

 

Underlying

Shares

 

 

Weighted Average Exercise Price (C$)

 

 

 

 

 

 

 

 

Stock options outstanding, January 1, 2020

 

 

2,638,500

 

 

$1.82

 

Granted

 

 

1,700,000

 

 

$1.64

 

Exercised

 

 

(48,000)

 

$0.79

 

Cancelled / Forfeited

 

 

(807,500)

 

$1.70

 

Stock options outstanding, December 31, 2020

 

 

3,483,000

 

 

$1.77

 

Exercised

 

 

(264,000)

 

$1.16

 

Expired

 

 

(360,000)

 

$2.95

 

Cancelled / Forfeited

 

 

(20,000)

 

$1.64

 

Stock options outstanding, December 31, 2021

 

 

2,839,000

 

 

$1.68

 

Stock options exercisable, December 31, 2021

 

 

2,839,000

 

 

$1.68

 

Schedule of Stock Options Outsanding and Exercisable

 

 

 

 

Outstanding

 

 

Exercisable

 

Expiry Date

 

Price (C$)

 

 

Number of Options

 

 

Weighted Average Remaining Contractual Life (Years)

 

 

Number of Options

 

 

Weighted Average Remaining Contractual Life (Years)

 

September 20, 2022

 

$1.98

 

 

 

880,000

 

 

 

0.72

 

 

 

880,000

 

 

 

0.72

 

August 28, 2023

 

$1.30

 

 

 

105,000

 

 

 

1.66

 

 

 

105,000

 

 

 

1.66

 

August 21, 2024

 

$0.79

 

 

 

174,000

 

 

 

2.64

 

 

 

174,000

 

 

 

2.64

 

August 4, 2025

 

$1.64

 

 

 

1,680,000

 

 

 

3.59

 

 

 

1,680,000

 

 

 

3.59

 

 

 

 

 

 

 

 

2,839,000

 

 

 

2.57

 

 

 

2,839,000

 

 

 

2.57

 

Schedule of RSU Outstanding

 

 

Underlying

Shares

 

 

Weighted Average Price (C$)

 

 

 

 

 

 

 

 

RSUs outstanding, January 1, 2020

 

 

2,372,875

 

 

$0.94

 

Granted

 

 

1,481,000

 

 

$1.64

 

Exercised

 

 

(863,901)

 

$0.99

 

Cancelled / Forfeited

 

 

(115,974)

 

$1.00

 

RSUs outstanding, December 31, 2020

 

 

2,874,000

 

 

$1.28

 

Exercised

 

 

(1,330,167)

 

$1.22

 

Cancelled / Forfeited

 

 

(104,356)

 

$1.54

 

RSUs outstanding, December 31, 2021

 

 

1,439,477

 

 

$1.32

 

Schedule of fair value of options granted

Issuance Date

 

Price (C$)

 

 

Number of RSUs Outstanding

 

August 21, 2019

 

$0.79

 

 

 

539,733

 

August 4, 2020

 

$1.64

 

 

 

899,744

 

 

 

 

 

 

 

 

1,439,477

 

Schedule of Basic Earnings Per Share and Diluted Earnings Per Share

 

 

2021

 

 

2020

 

 

2019

 

Net loss from continuing operations for the period

 

$(2,057)

 

$(7,482)

 

$(2,335)

Net loss for the period

 

$(2,057)

 

$(7,651)

 

$(31,461)

Basic weighted average number of shares outstanding

 

 

100,161,357

 

 

 

83,180,069

 

 

 

69,980,178

 

Effect of dilutive share options, warrants, and RSUs (‘000)

 

 

-

 

 

 

-

 

 

 

-

 

Diluted weighted average number of shares outstanding

 

 

100,161,357

 

 

 

83,180,069

 

 

 

69,980,178

 

Basic loss from continuing operations per share

 

$(0.02)

 

$(0.09)

 

$(0.03)

Diluted loss from continuing operations per share

 

$(0.02)

 

$(0.09)

 

$(0.03)

Basic loss per share

 

$(0.02)

 

$(0.09)

 

$(0.45)

Diluted loss per share

 

$(0.02)

 

$(0.09)

 

$(0.45)