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Share capital (Tables)
9 Months Ended
Sep. 30, 2021
Summary of Stock option award

 

 

 

 

 

 

 

 

Weighted

 

 

 

 

 

 

Range

 

 

average

 

 

 

 

 

 

of

 

 

remaining

 

 

 

 

 

 

exercise

 

 

contractual

 

 

 

Number

 

 

price

 

 

life (in years)

 

Outstanding, December 31, 2020

 

 

6,500,000

 

 

$1.81

 

 

 

4.87

 

Expired / Cancelled

 

 

(200,000 )

 

 

1.81

 

 

 

-

 

Granted

 

 

98,000

 

 

 

1.75

 

 

 

9.62

 

Outstanding, September 30, 2021

 

 

6,398,000

 

 

$1.81

 

 

 

4.08

 

Options exercisable

 

 

6,306,333

 

 

$1.80

 

 

 

4.02

 

Summary of stock option-based compensation expense

 

 

Three months

 

 

Nine months

 

 

 

ended September 30,

 

 

ended September 30,

 

Employee expenses

 

2021

 

 

2020

 

 

2021

 

 

2020

 

Stock options and stock compensation granted in:

 

 

 

 

 

 

 

 

 

 

 

 

2015

 

 

142,316

 

 

 

324,153

 

 

 

556,331

 

 

 

1,128,203

 

2018

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

2019

 

 

-

 

 

 

-

 

 

 

-

 

 

 

-

 

2020

 

 

11,880

 

 

 

52,858

 

 

 

117,596

 

 

 

291,292

 

2021

 

 

20,250

 

 

 

-

 

 

 

1,208,209

 

 

 

-

 

Total stock-based compensation expense recognized

 

$174,446

 

 

$377,011

 

 

$1,882,136

 

 

$1,419,495

 

Stock option -based compensation expense

 

 

Three Months Ended

 

 

Nine Months Ended

 

 

 

September 30,

 

 

September 30,

 

 

 

2021

 

 

2020

 

 

2021

 

 

2020

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Stock-based compensation pertaining to general and administrative

 

$91,408

 

 

$162,077

 

 

$1,486,374

 

 

$564,102

 

Stock-based compensation pertaining to research and development

 

 

83,038

 

 

 

214,934

 

 

 

395,762

 

 

 

855,393

 

Total

 

$174,446

 

 

$377,011

 

 

$1,882,136

 

 

$1,419,495