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Share based payments (Tables)
12 Months Ended
Dec. 31, 2022
Share based payments  
Summary of changes in incentive share options outstanding

Number of shares

Exercise

issued or issuable

    

  

price

    

on exercise

Balance December 31, 2020

$

5.940

 

844,630

Grant

$

7.290

 

5,556

Exercised

$

2.520

 

(58,889)

Grant

$

6.210

 

31,944

Grant

$

6.300

 

13,889

Expiries

$

2.880

 

(2,778)

Balance December 31, 2021

$

5.940

 

834,352

Grant

$

5.400

 

222,274

Cancelled

$

6.300

 

(13,889)

Expiries

$

11.880

 

(83,333)

Exercised

$

2.520

 

(35,184)

Exercised

$

2.520

 

(20,370)

Grant

$

5.760

 

19,444

Grant

$

4.630

 

19,444

Grant

$

4.900

 

40,000

Grant

$

4.380

 

30,000

Expiries

$

12.420

 

(66,667)

Expiries

$

2.520

 

(9,259)

Expiries

$

2.520

 

(20,370)

Expiries

$

5.400

 

(32,258)

Grant

$

3.210

 

130,000

Expiries

$

4.860

 

(22,223)

Balance December 31, 2022

$

4.947

 

991,960

Summary of Incentive share options outstanding and exercisable

Incentive stock options outstanding and exercisable (vested) at December 31, 2022 are summarized as follows:

Options Outstanding

Options Exercisable

    

    

Weighted

    

Weighted

    

    

Number of

Average

Average

Number of

Weighted

Shares Issuable

Remaining Life

Exercise

Shares Issuable

Average

Exercise Price

on Exercise

(Years)

Price

on Exercise

Exercise Price

$

2.52

 

174,259

 

1.68

$

2.52

 

143,704

$

1.68

2.61

 

27,778

 

2.66

 

2.61

 

27,778

 

2.66

2.88

 

16,667

 

1.75

 

2.88

 

16,667

 

1.75

3.21

 

130,000

 

4.87

 

3.21

 

 

4.87

3.24

 

55,556

 

1.14

 

3.24

 

55,556

 

1.14

4.38

 

30,000

 

4.48

 

4.38

 

 

4.48

4.63

 

19,444

 

4.40

 

4.63

 

 

4.40

4.90

 

40,000

 

4.44

 

4.90

 

 

4.44

5.40

 

190,016

 

4.05

 

5.40

 

 

4.05

5.76

 

19,444

 

4.25

 

5.76

 

 

4.25

6.21

 

31,944

 

3.29

 

6.21

 

10,648

 

3.29

6.48

 

116,667

 

2.74

 

6.48

 

116,667

 

2.74

7.29

 

5,556

 

2.13

 

7.29

 

2,778

 

2.13

8.82

 

109,630

 

0.48

 

8.82

 

109,630

 

0.48

9.32

 

25,000

 

0.08

 

9.32

 

25,000

 

0.08

 

991,960

 

2.86

$

4.95

 

508,426

$

1.62

Summary of warrants issued and outstanding

Canadian denominated warrants

Weighted

average

Number of shares issued

exercise price

or issuable on exercise

Balance - December 31, 2020

$

3.96

1,885,195

Issuance of warrants

$

9.00

875,917

Issuance of warrants

$

5.58

105,110

Exercised warrants

$

4.86

(308,230)

Exercised warrants

$

3.78

(818,971)

Exercised warrants

$

3.78

(442,014)

Warrant expiries

$

1.08

(11,111)

Warrant expiries

$

4.86

(11,111)

Balance - December 31, 2021

$

7.53

 

1,274,785

Exercised warrants

$

3.78

 

(210,545)

Expired warrants

$

3.78

 

(83,213)

Balance - December 31, 2022

$

8.66

 

981,027

United States Dollar denominated warrants

    

Weighted

    

average

Number of shares issued or

exercise price

issuable on exercise

Balance – December 31, 2021

$

0.00

 

Issuance of warrants

US$

3.10

 

2,483,150

Balance - December 31, 2022

 

2,483,150

Total warrants

 

 

  

Balance - December 31, 2021

1,274,785

Balance - December 31, 2022

 

3,464,177

Summary of expiry of warrants

    

    

Number of warrants 

    

Weighted Average 

Grant Date

Expiry Date

outstanding

Exercise Price

January 22, 2021

January 22, 2023

 

875,917

$

9.00

January 22, 2021

January 22, 2023

 

105,110

 

5.58

United States Dollar denominated warrants

November 15, 2022

November 15, 2025

 

2,483,150

US$

3.10

 

3,464,177

$

8.63 US$3.10

RSU  
Share based payments  
Summary of RSU, PSU and DSU plan transactions

Number of Units

    

2022

    

2021

Balance, January 1

 

63,711

 

72,222

Granted

 

50,890

 

16,025

Exercised

 

(29,108)

 

(23,147)

Expired

 

(7,204)

 

(1,389)

Balance, December 31

 

78,289

 

63,711

PSU  
Share based payments  
Summary of RSU, PSU and DSU plan transactions

Number of Units

    

2022

    

2021

Balance, January 1

 

87,500

 

Granted

 

18,057

 

87,500

Exercised

 

(28,474)

 

Expired

 

(13,194)

 

Balance, December 31

 

63,889

 

87,500

DSU  
Share based payments  
Summary of RSU, PSU and DSU plan transactions

Number of Units

    

2022

    

2021

Balance, January 1

 

176,331

 

173,361

Granted

 

71,474

 

15,817

Exercised

 

(12,493)

 

(12,847)

Balance, December 31

 

235,312

 

176,331