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WARRANTS
3 Months Ended
Mar. 31, 2023
WARRANTS  
Warrants

13. WARRANTS

 

The following summarizes the number of warrants outstanding as of March 31, 2023:

 

 

 

Number of warrants

 

 

Weighted average exercise price

 

 

 

Thousands

 

 

 

Balance, December 31, 2022

 

 

19,210

 

 

$1.24

 

Exercised

 

 

0

 

 

 

0.40

 

Balance, March 31, 2023

 

 

19,210

 

 

$1.24

 

 

Date of expiry

 

Warrants outstanding

 

 

Exercise price

 

 

Grant date fair value

 

 

Remaining life in years

 

 

 

Thousands

 

 

 

 

 

 

 

 

 

November 18, 2026

 

 

4,425

 

 

$3.75

 

 

$6,700

 

 

 

3.64

 

November 18, 2026

 

 

1,325

 

 

 

0.40

 

 

 

422

 

 

 

3.64

 

November 18, 2027

 

 

460

 

 

 

3.30

 

 

 

1,055

 

 

 

4.64

 

December 8, 2027

 

 

12,500

 

 

 

0.40

 

 

 

2,033

 

 

 

4.69

 

December 8, 2027

 

 

500

 

 

 

0.44

 

 

 

149

 

 

 

4.69

 

 

 

 

19,210

 

 

$1.24

 

 

$10,359

 

 

 

4.38