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v3.23.1

Share Capital and Reserves (Tables) | 3 Months Ended
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Mar. 31, 2023
Share Capital and Reserves Tables [Abstract] |
Schedule of outstanding stock options |
|  | Number Outstanding |  |  | Weighted Average Exercise Price |
|  |  |  |  | ($) |
Balance –December 31, 2021 |  |  | 129,451 |  |  |  | 63.60 |
Granted |  |  | 104,520 |  |  |  | 6.19 |
Exercised |  |  | - |  |  |  | - |
Forfeited |  |  | (6,183 | ) |  |  | 92.81 |
Balance –December 31, 2022 |  |  | 227,788 |  |  |  | 37.13 |
Granted |  |  | 400,000 |  |  |  | 0.90 |
Exercised |  |  | - |  |  |  | - |
Forfeited |  |  | (60,375 | ) |  |  | 48.95 |
Balance – March 31, 2023 |  |  | 567,413 |  |  |  | 10.33 |
Schedule of fair value of stock options |
|  | March 31, 2023 |  |  | December 31, 2022
Risk-free interest rate |  |  | 3.93% |  |  | 2.14% – 4.03%
Expected life of options |  |  | 5.0 years |  |  | 5.0 years
Expected dividend yield |  |  | Nil |  |  | Nil
Volatility |  |  | 132.65% |  |  | 96.90% – 112.40%
Schedule of incentive stock options outstanding |
Expiry Date |  | Options Outstanding |  |  | Exercise Price |  |  | Weighted Average Remaining Life |
|  |  |  |  | ($) |  |  | (years) |
June 6, 2023 |  |  | 937 |  |  |  | 85.50 |  |  |  | 0.17 |
September 4, 2023 |  |  | 688 |  |  |  | 44.55 |  |  |  | 0.42 |
April 2, 2024 |  |  | 6,961 |  |  |  | 37.80 |  |  |  | 1.00 |
June 27, 2024 |  |  | 417 |  |  |  | 38.40 |  |  |  | 1.25 |
September 27, 2024 |  |  | 17,086 |  |  |  | 67.95 |  |  |  | 1.50 |
October 22, 2024 |  |  | 834 |  |  |  | 60.45 |  |  |  | 1.58 |
July 24, 2025 |  |  | 11,794 |  |  |  | 44.70 |  |  |  | 2.33 |
July 31, 2025 |  |  | 9,610 |  |  |  | 44.70 |  |  |  | 2.33 |
August 10, 2025 |  |  | 833 |  |  |  | 44.70 |  |  |  | 2,42 |
June 1, 2026 |  |  | 3,788 |  |  |  | 105.60 |  |  |  | 3.17 |
June 29, 2026 |  |  | 1,500 |  |  |  | 84.75 |  |  |  | 3.25 |
August 19, 2026 |  |  | 29,682 |  |  |  | 63.00 |  |  |  | 3.42 |
March 18, 2027 |  |  | 800 |  |  |  | 19.80 |  |  |  | 4.00 |
May 10, 2027 |  |  | 700 |  |  |  | 11.85 |  |  |  | 4.17 |
August 17, 2027 |  |  | 79,543 |  |  |  | 6.00 |  |  |  | 4.42 |
September 20, 2027 |  |  | 2,240 |  |  |  | 3.45 |  |  |  | 4.50 |
February 13, 2028 |  |  | 400,000 |  |  |  | 0.90 |  |  |  | 5.00 |
|  |  | 567,413 |  |  |  | 10.33 |  |  |  | 4.53 |
Schedule of outstanding stock options |
|  | Number Outstanding |  |  | Weighted Average Exercise Price |
|  |  |  |  | ($) |
Balance – December 31, 2021 |  |  | 299,077 |  |  |  | 102.45 |
Exercised |  |  | - |  |  |  | - |
Expired |  |  | (186,586 | ) |  |  | 96.30 |
Issued |  |  | 5,166,044 |  |  |  | 3.42 |
Balance – December 31, 2022 |  |  | 5,278,535 |  |  |  | 5.74 |
Exercised |  |  | (4,042,000 | ) |  |  | 1.10 |
Expired |  |  | - |  |  |  | - |
Issued |  |  | 175,000 |  |  |  | 0.90 |
Balance – March 31, 2023(1) |  |  | 1,411,535 |  |  |  | 18.44 |
(1) | Unit A warrant balance is 1,687,341 as of March 31, 2023; however, table above reflects 15:1 post-consolidated common shares to be issued and exercise price upon the exercise of the warrants.
Schedule of assumptions in calculating the fair value of the warrants |
|  | March 31, 2023 |
Risk-free interest rate |  |  | 3.60% - 3.81% |
Expected life of warrants |  |  | 2.83 – 4.92 years |
Expected dividend yield |  |  | Nil |
Volatility |  |  | 132.65% |
Weighted average fair value per warrant |  | $ | 0.29 |
Schedule of share purchase warrants outstanding |
Expiry Date |  | Warrants Outstanding |  |  | Exercise Price |  |  | Weighted Average Remaining Life |
|  |  |  |  | ($) |  |  | (years) |
January 20, 2026(1) |  |  | 112,491 |  |  |  | 112.50 |  |  |  | 2.83 |
February 28, 2027 |  |  | 331,044 |  |  |  | 28.80 |  |  |  | 3.92 |
December 6, 2027 |  |  | 220,500 |  |  |  | 1.25 |  |  |  | 4.67 |
December 9, 2027 |  |  | 158,000 |  |  |  | 1.10 |  |  |  | 4.67 |
January 18, 2028 |  |  | 414,500 |  |  |  | 7.80 |  |  |  | 4.83 |
February 2, 2028 |  |  | 175,000 |  |  |  | 0.90 |  |  |  | 4.92 |
|  |  | 1,411,535 |  |  |  | 18.44 |  |  |  | 4.42 |
(1) | Unit A warrant balance is 1,687,341 as of March 31, 2023; however, the table above reflects 15:1 post-consolidated common shares to be issued and exercise price upon the exercise of the warrants.

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