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SHARE CAPITAL AND SHAREBASED PAYMENTS (Tables)
9 Months Ended
Sep. 30, 2022
Schedule Of Stock Options

 

 

Underlying

Shares

 

 

Weighted Average Exercise Price (C$)

 

 

 

 

 

 

 

 

Stock options outstanding, January 1, 2021

 

 

3,483,000

 

 

$1.77

 

Exercised

 

 

(264,000)

 

$1.16

 

Expired

 

 

(360,000)

 

$2.95

 

Forfeited

 

 

(20,000)

 

$1.64

 

Stock options outstanding, December 31, 2021

 

 

2,839,000

 

 

$1.68

 

Granted

 

 

2,390,000

 

 

$1.20

 

Exercised

 

 

(48,000)

 

$0.79

 

Expired

 

 

(880,000)

 

$1.98

 

Forfeited

 

 

(45,000)

 

$1.40

 

Stock options outstanding, September 30, 2022

 

 

4,256,000

 

 

$1.36

 

Stock options exercisable, September 30, 2022

 

 

3,067,250

 

 

$1.42

 

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)

 

August 28, 2023

 

$1.30

 

 

 

105,000

 

 

 

0.91

 

 

 

105,000

 

 

 

0.91

 

August 21, 2024

 

$0.79

 

 

 

126,000

 

 

 

1.89

 

 

 

126,000

 

 

 

1.89

 

August 4, 2025

 

$1.64

 

 

 

1,660,000

 

 

 

2.85

 

 

 

1,660,000

 

 

 

2.85

 

March 25, 2027

 

$1.20

 

 

 

2,340,000

 

 

 

4.48

 

 

 

1,170,000

 

 

 

4.48

 

May 4, 2027

 

$0.92

 

 

 

25,000

 

 

 

4.59

 

 

 

6,250

 

 

 

4.59

 

 

 

 

 

 

 

 

4,256,000

 

 

 

3.68

 

 

 

3,067,250

 

 

 

3.37

 

Schedule of fair value of the stock options was calculated using the Black-Scholes model

 

 

September 30,

2022

 

 

December 31,

2021

 

Weighted average assumptions:

 

 

 

 

 

 

 Risk-free interest rate

 

 

2.49%

 

-%

 

 Expected dividend yield

 

 

0.00%

 

-%

 

 Expected option life (years)

 

 

5.00

 

 

 

-

 

 Expected stock price volatility

 

 

59.98%

 

-%

 

 Expected forfeiture rate

 

 

20%

 

-%

 

Weighted average fair value

 

$0.63

 

 

 

-

 

Schedule Of Rsu Outstanding

 

 

Underlying

Shares

 

 

Weighted Average Price (C$)

 

 

 

 

 

 

 

 

RSUs outstanding, January 1, 2021

 

 

2,874,000

 

 

$1.28

 

Exercised

 

 

(1,330,167)

 

$1.22

 

Forfeited

 

 

(104,356)

 

$1.54

 

RSUs outstanding, December 31, 2021

 

 

1,439,477

 

 

$1.32

 

Granted

 

 

1,799,000

 

 

$1.19

 

Exercised

 

 

(982,879)

 

$1.18

 

Forfeited

 

 

(64,932)

 

$1.40

 

RSUs outstanding, September 30, 2022

 

 

2,190,666

 

 

$1.27

 

Schedule of fair value of options granted

Issuance Date

 

Price (C$)

 

 

Number of RSUs Outstanding

 

August 4, 2020

 

$1.64

 

 

 

412,666

 

March 25, 2022

 

$1.19

 

 

 

1,778,000

 

 

 

 

 

 

 

 

2,190,666

 

Schedule Of Basic Earnings Per Share And Diluted Earnings Per Share

 

 

Three months ended

 September 30,

 

 

Nine months ended

 September 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Net income (loss) for the period

 

$(1,129)

 

$(214)

 

$1,800

 

 

$(4,686)

Basic weighted average number of shares outstanding

 

 

117,876,825

 

 

 

101,559,946

 

 

 

113,027,305

 

 

 

99,457,201

 

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

 

 

-

 

 

 

-

 

 

 

3,248,128

 

 

 

-

 

Diluted weighted average number of shares outstanding

 

 

117,876,825

 

 

 

101,559,946

 

 

 

116,275,433

 

 

 

99,457,201

 

Basic loss per share

 

$(0.01)

 

$(0.00)

 

$0.02

 

 

$(0.05)

Diluted loss per share

 

$(0.01)

 

$(0.00)

 

$0.02

 

 

$(0.05)