XML 57 R33.htm IDEA: XBRL DOCUMENT v3.24.1.u1

SHARE BASED PAYMENTS (Tables)

12 Months Ended

Dec. 31, 2023

Disclosure of terms and conditions of share-based payment arrangement [abstract]

SCHEDULE OF SHARE OPTIONS ACTIVITY

The number and weighted average exercise prices of share options are as follows: 

SCHEDULE OF SHARE OPTIONS ACTIVITY 

		December 31, 2023								December 31, 2022
			Number of options				Weighted average exercise price				Number of options				Weighted average exercise price
Outstanding at January 1			776,000			$	1.67				143,500			$	4.50
Granted			281,800				5.45				634,500				0.93
Expired/cancelled			(108,500	)			5.62				(2,000	)			3.75
Exercised			(9,666	)			0.80
Outstanding at December 31			939,634			$	2.36				776,000			$	1.67
Exercisable at December 31			540,268			$	1.84				352,999			$	2.56

SCHEDULE OF EXERCISE PRICES OF OUTSTANDING STOCK OPTIONS

The range of exercise prices of the outstanding stock options for December 31, 2023 is as follows: 

SCHEDULE OF EXERCISE PRICES OF OUTSTANDING STOCK OPTIONS 

Range of exercise prices				Number of outstanding stock options				Weighted average exercise price				Weighted average contractual life ( years)
$	5.00 to $6.04				281,800				5.45				4.4
$	1.80 to $4.90				108,000				2.23				2.4
$	0.80 to $1.80				549,834				0.80				3.0
					939,634			$	2.36				3.3

Kolibri Global Energy Inc.

Notes to Consolidated Financial Statements

For the Years Ended December 31, 2023 and 2022

(Audited, expressed in thousands of United States dollars)

The range of exercise prices of the outstanding stock options for December 31, 2022 is as follows:

Range of exercise prices				Number of outstanding stock options				Weighted average exercise price				Weighted average contractual life ( years)
$	5.00 to $6.00				97,000				5.70				0.3
$	1.80 to $4.90				119,500				2.49				3.1
$	0.80 to $1.80				559,500				0.80				4.0
					776,000			$	1.67				3.4

SCHEDULE OF FAIR VALUE OF STOCK OPTIONS

The fair value of the stock options was estimated using Black Scholes model with the following weighted average inputs: 

SCHEDULE OF FAIR VALUE OF STOCK OPTIONS 

		2023				2022
Fair value at grant date (per option)		$	5.09				0.70
Volatility (%)			105.49				149.68
Forfeiture rate (%)			5	%			5	%
Option life (years)			8.67				5
Risk-free interest rate (%)			3.19				1.56

SCHEDULE OF STOCK BASED COMPENSATION

Stock based compensation was recorded as follows: 

SCHEDULE OF STOCK BASED COMPENSATION 

		2023				2022
		December 31
		2023				2022
Expensed		$	790			$	277
Capitalized		$	140			$	29
Stock based compensation		$	140			$	29

X

- Definition

Additional information about share-based payment arrangements necessary to satisfy the disclosure requirements of IFRS 2. [Refer: Share-based payment arrangements [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 2
-IssueDate 2023-01-01
-Paragraph 52
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2023-en-r&anchor=para_52&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_AdditionalInformationAboutSharebasedPaymentArrangements
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of information about indirect, by reference to the fair value of the equity instruments granted, measurement of the fair value of goods or services received as consideration for the entity's share options.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 2
-IssueDate 2023-01-01
-Paragraph 47
-Subparagraph a
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2023-en-r&anchor=para_47_a&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_DisclosureOfIndirectMeasurementOfFairValueOfGoodsOrServicesReceivedShareOptionsGrantedDuringPeriodExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of the number and weighted average exercise prices of share options. [Refer: Weighted average [member]]

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 2
-IssueDate 2023-01-01
-Paragraph 45
-Subparagraph b
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2023-en-r&anchor=para_45_b&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_DisclosureOfNumberAndWeightedAverageExercisePricesOfShareOptionsExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- Definition

The disclosure of the range of exercise prices for outstanding share options.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Name IFRS
-Number 2
-IssueDate 2023-01-01
-Paragraph 45
-Subparagraph d
-URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2023-en-r&anchor=para_45_d&doctype=Standard
-URIDate 2023-03-23

+ Details

Name:	ifrs-full_DisclosureOfRangeOfExercisePricesOfOutstandingShareOptionsExplanatory
Namespace Prefix:	ifrs-full_
Data Type:	dtr-types:textBlockItemType
Balance Type:	na
Period Type:	duration

X

- References

No definition available.

+ Details

Name:	ifrs-full_DisclosureOfTermsAndConditionsOfSharebasedPaymentArrangementAbstract
Namespace Prefix:	ifrs-full_
Data Type:	xbrli:stringItemType
Balance Type:	na
Period Type:	duration