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Common Shares (Tables)
9 Months Ended
Sep. 30, 2024
Common Shares  
Summary of outstanding warrants

Warrant activity is summarized in the following table.

Weighted

Weighted

Average

Average

Warrants

Exercise Price

Remaining Life

    

Outstanding

    

Per Share

    

(Years)

  

As of December 31, 2022

7,408,101

$

1.25

1.5

As of December 31, 2023

7,408,101

$

1.25

0.5

Expired

(7,408,101)

$

1.25

As of September 30, 2024

Summary of stock-based compensation expense

Stock-based compensation expense was: 

Three Months Ended September 30, 

Nine Months Ended September 30, 

    

2024

    

2023

    

2024

    

2023

    

RSUs

$

105

$

101

$

282

$

284

DSUs

293

244

$

105

$

101

$

575

$

528

Summary of restricted stock unit activity

The following table summarizes RSU activity:

Weighted Average

Number

Grant-Date Fair

    

of RSUs

    

Value Per RSU

Unvested - December 31, 2022

1,472,008

    

$

0.60

  

Granted

1,163,000

0.37

Cancelled/forfeited

(335,786)

0.58

Vested, net of shares withheld

(412,548)

0.60

Unvested - December 31, 2023

1,886,674

    

$

0.46

  

Granted

1,736,000

0.25

Cancelled/forfeited

(409,450)

0.50

Vested, net of shares withheld

(445,551)

0.59

Unvested - September 30, 2024

2,767,673

$

0.30

Summary of deferred stock units

The following table summarizes DSU activity:

Weighted Average

Number of

Grant-Date Fair

    

DSUs

    

Value per DSU

 

Outstanding - December 31, 2022

1,254,000

$

0.72

Granted

420,000

0.58

Shares issued to participants

(485,000)

0.69

Outstanding - December 31, 2023

1,189,000

$

0.68

Granted

767,000

0.38

Shares issued to participants

(295,000)

0.68

Outstanding - September 30, 2024

1,661,000

$

0.54

Summary of option activity

The following table summarizes option activity for vested awards:

Weighted Average

Weighted Average

Remaining

Aggregate

Number of

Exercise Price

Contractual Term

Intrinsic

    

Options

    

Per Option

    

(Years)

    

Value

 

Outstanding - December 31, 2022

1,367,000

    

$

0.71

0.64

$

Expired

(967,000)

0.71

Outstanding - December 31, 2023

400,000

    

$

0.70

0.47

$

Expired

(350,000)

0.73

Outstanding - September 30, 2024

50,000

$

0.51

0.50

$

13

Exercisable - September 30, 2024

50,000

$

0.51

0.50

$

13

Summary of weighted average common shares

Weighted Average Common Shares

Three Months Ended September 30, 

Nine Months Ended September 30, 

2024

    

2023

    

2024

    

2023

Basic Common Shares

122,341,829

121,088,494

121,829,163

120,263,330

Effect of dilutive stock-based awards

3,245,228

Diluted Common Shares

122,341,829

121,088,494

125,074,391

120,263,330