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Commitments (Tables)

3 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

Schedule of exercisable share purchase warrants outstanding

A summary of the status of the Company’s outstanding share purchase warrants is presented below:

		Number of Shares				Weighted Average Exercise Price ($)
Balance, September 30, 2018			678,379			2.87
Exercised			(8,750	)		1.13
Expired			(319,629	)		1.46
Balance, September 30, 2019			350,000			4.19
Granted			150,000			3.17
Balance, December 31, 2019			500,000			3.88

Schedule of share purchase warrants outstanding

At December 31, 2019, the Company had share purchase warrants outstanding as follows:

Number				Exercise Price				Expiry Date
	350,000			$	4.19			June 30, 2021
	150,000			$	3.17			May 6, 2024
	500,000

Schedule of outstanding stock purchase options

A summary of the status of Company’s outstanding stock purchase options is presented below:

		Number of Shares				Weighted Average Exercise Price ($)				Weighted Average Grant Date Fair Value ($)				Aggregate intrinsic value ($)
Outstanding, September 30, 2018			6,506,917				3.83							2,353,088
Granted			2,265,399				2.79				2.27
Forfeited			(309,383	)			3.25
Outstanding, September 30, 2019			8,462,933				3.58							4,115,032
Granted			265,000				2.36				1.98
Forfeited			(1,667	)			2.64
Outstanding, December 31, 2019			8,726,266				3.54							2,195,111
Exercisable, December 31, 2019			5,883,586				3.85							2,047,275

Schedule of general and administrative expenses and research and development expenses

These amounts have been included in general and administrative expenses and research and development expenses on the Company’s statement of operations as follows:

		2019				2018
General and administrative		$	481,101			$	1,011,399
Research and development			783,323				1,055,588
Total share based compensation		$	1,264,424			$	2,066,987

Schedule of weighted average assumptions for fair value of each option award

The fair value of each option award is estimated on the date of grant using the Black Scholes option pricing model based on the following weighted average assumptions:

		2019				2018
Risk-free interest rate			1.88	%			2.96	%
Expected life of options (years)			5.21				5.45
Annualized volatility			101.60	%			106.15	%
Dividend rate			0.00	%			0.00	%

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Tabular disclosure of allocation of amount expensed and capitalized for award under share-based payment arrangement to statement of income or comprehensive income and statement of financial position. Includes, but is not limited to, corresponding line item in financial statement.

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Tabular disclosure of activity for outstanding award under share-based payment arrangement excluding share and unit options and nonvested award.

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