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Stockholders' Equity (Tables)

9 Months Ended

Sep. 30, 2021

Stockholders' Equity

Schedule of Warrants Outstanding to Purchase Common Stock

The following tables detail the Company’s warrant activity for the three and nine months ended September 30, 2021 and 2020, respectively:

​

​	​	​	​	​
​		Common Shares		​
​	​	Issuable Upon Exercise	​	​
​	​	of Outstanding	​	Weighted-Average
Investor Warrants	​	Warrants	​	Exercise Price $USD
Outstanding December 31, 2020		39		6.80
Issued		—		—
Outstanding March 31, 2021		39		6.80
Issued	​	—	​	—
Outstanding June 30, 2021	​	39	​	6.80
Issued	​	—	​	—
Outstanding September 30, 2021	​	39	​	6.80
​	​	​	​	​

​

​	​	​	​	​	​
​		Common Shares	​		​
​	​	Issuable Upon Exercise	​	​	​
​	​	of Outstanding	​	​	Weighted-Average
Investor Warrants	​	Warrants	​	​	Exercise Price $USD
Outstanding December 31, 2019		39	​	$	6.80
Issued		—	​		—
Outstanding March 31, 2020		39	​	$	6.80
Issued	​	—	​	​	—
Outstanding June 30, 2020	​	39	​	$	6.80
Issued	​	—	​	​	—
Outstanding September 30, 2020	​	39	​	$	6.80

Schedule of Share Based Compensation, Stock Options Expense Recognized

The table below outlines recognized contractor and employee expense from equity awards for the three and nine months period ended September 30, 2021 and 2020.

​

​	​	​	​	​	​	​	​	​	​	​	​	​
​		Three Months Ended September 30,					​	Nine Months Ended September 30,
​		2021			2020			2021			2020
Contractor options expense recognized	​	$	—	​	$	21	​	$	9	​	$	63
Employee options expense recognized	​		917	​		1,238	​		2,830	​		2,151
Total option expense recognized	​	$	917	​	$	1,259	​	$	2,839	​	$	2,214

Schedule of Share- Based Compensation Stock Options Activity

The following is a summary of option activity for the three and nine months ended September 30, 2021, and 2020 for stock options denominated in U.S. dollars. Since August of 2020, there have been no Canadian denominated options outstanding.

​

​	​	​	​	​	​
​	​	Number of	​	Weighted-Average
US Denominated Options	​	Options (thousands)		Exercise Price $USD
Outstanding at December 31, 2020		2,952	​	$	4.82
Granted		—	​		—
Exercised		—	​		—
Outstanding at March 31, 2021	​	2,952	​	$	4.82
Granted	​	755	​	​	7.52
Exercised	​	(4)	​	​	5.91
Forfeited	​	(50)	​	​	8.09
Outstanding and exercisable at June 30, 2021	​	3,653	​	$	5.34
Granted	​	—	​	​	—
Exercised	​	—	​	​	—
Outstanding at September 30, 2021		3,653	​	$	5.34

The following is a summary of option activity for each of the quarterly periods in fiscal year 2020 for stock options denominated in Canadian dollars:

​

​	​	​	​	​	​
​		Number of		Weighted-Average
CAD Denominated Options	​	Options (thousands)	​	Exercise Price $USD
Outstanding at December 31, 2019		648	​	$	2.43
Granted		—	​		—
Exercised		—	​		—
Outstanding at March 31, 2020	​	648	​	$	2.43
Granted	​	—	​	​	—
Exercised	​	—	​	​	—
Outstanding and exercisable at June 30, 2020	​	648	​	$	2.43
Granted	​	—	​	​	—
Exercised	​	(648)	​	​	2.43
Outstanding at September 30, 2020		—	​	$	—

​

Fair values of options granted using weighted average assumptions

​

​	​	​
​	​	Valuation Assumptions
Black-Scholes Model Assumptions	​	June 30, 2021
Expected dividend		0.00%
Risk free rate		1.49 - 1.62%
Expected volatility	​	122%
Expected life	​	10 years
​	​	​

Schedule of Restricted Share Units Activity

​

​	​	​
​	​	Number of Restricted
US Denominated RSU's	​	Share Units (thousands)
Outstanding at December 31, 2020		—
Granted		—
Outstanding at March 31, 2021	​	—
Granted	​	55
Outstanding at June 30, 2021	​	55
Granted	​	—
Outstanding at September 30, 2021	​	55

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Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable.

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