XML 43 R22.htm IDEA: XBRL DOCUMENT v3.20.1
Share Capital, Warrants and Options (Tables)
 3 Months Ended
Mar. 31, 2020
SHARE CAPITAL, WARRANTS AND OPTIONS  
Schedule of Number and Weighted Average Exercise Prices of Warrants

A summary of common share purchase warrants activity during the three months period ended March 31, 2020, on a post-consolidation basis is as follows:

 

    March 31, 2020     December 31, 2019  
    Number Outstanding    

Weighted Average Exercise Price

($)

     Number Outstanding    

Weighted Average Exercise Price

($)

  
Outstanding, beginning of the period     15,651,397       0.96       25,797,283       1.20  
Issued     -       -       3,984,731       0.25  
Cancelled / expired     -       -       (14,130,617 )     1.20  
                                 
Outstanding, end of the period     15,651,397       0.96       15,651,397       0.96  
Schedule of Number and Weighted Average Remaining Contractual Life of Outstanding Warrants

At March 31, 2020, the Company had outstanding common share purchase warrants exercisable to acquire common shares of the Company as follows:

 

Warrants Outstanding     Expiry Date   Exercise Price
($)		     Weighted Average remaining contractual life (years)  
  11,666,666     April 19, 2020*     1.20       0.04  
  3,984,731     December 18, 2021     0.25       0.44  
  15,651,397                   0.48  
Schedule of Number and Weighted Average Exercise Prices of Share Options

A summary of option activity under the Plan during the three months period ended March 31, 2020 on a post-consolidation basis is as follows:

 

    March 31, 2020     December 31, 2019  
    Number Outstanding     Weighted Average Exercise Price ($)     Number Outstanding     Weighted Average Exercise Price ($)  
Outstanding, beginning of the period     2,130,550       1.51       2,594,550       1.80  
Issued     6,650,000       0.16       -       -  
Cancelled / expired     (90,000 )     2.75       (464,000 )     4.23  
                                 
Outstanding, end of the period     8,690,550       0.46       2,130,550       1.51  
Schedule of Inputs to Option Pricing Model

The fair value of stock options granted and vested during the three months period ended March 31, 2020 was calculated using the following assumptions:

 

    March 31, 2020     March 31, 2019  
Expected dividend yield     0 %     -  
Expected share price volatility     121.55 %     -  
Risk free interest rate     1.21 %     -  
Expected life of options     5 years       -  
Schedule of Number and Weighted Average Remaining Contractual Life of Outstanding Share Options

Details of options outstanding as at March 31, 2020 on a post-consolidation basis are as follows:

 

Options

Outstanding

    

Options

Exercisable

    

Expiry

Date

  

Exercise

Price ($)

     Weighted average remaining contractual life (years)  
  45,000       45,000     Oct 5, 2020     2.00       0.00  
  541,800       541,800     Jan 28, 2021     2.10       0.05  
  763,750       763,750     Feb 21, 2022     1.20       0.17  
  50,000       50,000     Dec 20, 2022     1.20       0.02  
  570,000       570,000     Feb 28, 2023     1.20       0.19  
  50,000       50,000     May 1, 2023     1.20       0.02  
  20,000       20,000     May 4, 2023     1.20       0.01  
  6,650,000       6,650,000     February 24, 2025     0.16       3.75  
  8,690,550       8,690,550                   4.21