v3.22.1
Share Based Compensation (Tables)
3 Months Ended
Mar. 31, 2022
Share Based Compensation  
Schedule of outstanding and exercisable options

2022

2021

Weighted

Weighted

Number

average

Number

average

of shares

exercise

of shares

exercise

    

2019 Plan

   

2011 Plan

   

Total

   

price

   

2019 Plan

   

2011 Plan

   

Total

   

price

Outstanding at beginning of year - 2011 Plan

 

1,995,971

1,995,971

$

2.07

 

2,080,087

2,080,087

$

2.15

Outstanding at beginning of year - 2019 Plan

3,759,834

3,759,834

9.51

1,706,190

1,706,190

13.55

Granted - 2019 Plan

1,385,700

1,385,700

5.47

1,863,950

1,863,950

6.31

Exercised - 2011 Plan

(9,500)

(9,500)

1.12

(16,753)

(16,753)

0.88

Exercised - 2019 Plan

(10,267)

(10,267)

3.76

(1,250)

(1,250)

3.74

Forfeited - 2011 Plan

 

9.42

 

Forfeited - 2019 Plan

8.64

Cancelled - 2011 Plan

(19,387)

(19,387)

9.42

Cancelled - 2019 Plan

(5,162)

(5,162)

21.48

 

Outstanding at end of period

 

5,130,105

1,967,084

7,097,189

$

6.64

 

3,568,890

2,063,334

5,632,224

$

6.99

Outstanding at end of period - Weighted average exercise price

$

8.42

$

2.00

$

9.77

$

2.16

Exercisable at end of period

1,721,521

1,825,299

3,546,820

$

5.83

591,885

1,613,229

2,205,114

$

4.86

Exercisable at end of period - Weighted average exercise price

 

$

9.94

$

1.95

 

$

12.55

$

2.05

Schedule of non-vested share options activity

2022

2021

Number

Weighted

Number

Weighted

of options

average

of options

average

    

2019 Plan

2011 Plan

    

Total

    

fair value

    

    

2019 Plan

2011 Plan

    

Total

    

fair value

Non-vested share options at beginning of year - 2011 Plan

 

200,639

200,639

 

$

1.86

 

 

543,192

543,192

 

$

1.81

Non-vested share options at beginning of year - 2019 Plan

2,665,518

2,665,518

 

$

6.39

1,438,026

1,438,026

 

$

10.28

Granted - 2019 Plan

 

1,385,700

1,385,700

4.13

 

1,863,950

1,863,950

4.79

Vested, outstanding 2011 Plan

(58,854)

(58,854)

 

1.74

 

(93,087)

(93,087)

 

1.61

Vested, outstanding 2019 Plan

(642,634)

(642,634)

5.41

(324,971)

(324,971)

11.38

Forfeited - 2011 Plan

 

 

 

 

 

-

Forfeited - 2019 Plan

-

Non-vested share options at end of period

 

3,408,584

141,785

3,550,369

 

$

5.51

 

 

2,977,005

450,105

3,427,110

 

$

6.08

Non-vested share options at end of period - Weighted average fair value

$

5.66

$

1.91

$

6.72

$

1.85

Schedule of weighted average assumptions for the options granted

2022

    

2021

 

Exercise price

$

5.66

 

$

6.31

Share price

$

5.66

 

$

6.31

Volatility

 

91

%  

94

%

Risk-free interest rate

 

2.26

%  

1.06

%

Expected life

 

6.08 years

 

6.10 years

Dividend

 

0

%  

0

%

Schedule of share-based compensation expense

    

2022

    

2021

Administration

$

912

 

$

573

Research and development

848

 

580

Commercial activities

354

 

215

Total

$

2,114

 

$

1,368