SHARE CAPITAL (Tables)

12 Months Ended

Dec. 31, 2021

SCHEDULE OF COMMON SHARES ISSUED

	Number of
	Shares		Amount
Balance, January 1, 2019		28,808,230		112,028,194
Funds from the exercise of stock options		28,125		60,028
Fair value of stock options exercised		-		55,950
Balance, December 31, 2019		28,836,355		112,144,172
Funds from the exercise of stock options		330,284		794,808
Fair value of stock options exercised		-		768,356
Funds from the exercise of warrants		74,400		293,642
Fair value of exercised warrants (Notes 10 and 11)		-		127,964
Issued on the conversion of convertible debentures (Note 10)		123,500		369,545
Fair value of warrants issued on conversion of convertible debentures		-		(146,858	)
Exercise of warrants issued in conjunction with debt financing		94,245		221,620
Shares issued to settle accounts payable		3,027		13,011
Balance, December 31, 2020		29,461,811	$	114,586,260

POET TECHNOLOGIES INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(Expressed in US Dollars)

11. SHARE CAPITAL (Continued)

Funds from the exercise of stock options	1,001,519			3,124,392
Fair value of stock options exercised	-			2,699,042
Issued on the conversion of convertible debentures (Note 10)	1,119,750			3,571,342
Fair value of warrants issued upon conversion of convertible debentures	(1,229,305	)		-
Funds from the exercise of warrants	3,144,750			12,994,358
Fair value of warrants exercised	-			5,351,586
Funds from Common shares issued on privale placement	1,764,720			11,815,595
Fair value of warrants issued on private placement	-			(3,766,007	)
Share issue costs	-			(1,143,034	)
Fair value of broker warrants issued as share issue costs	-			(288,197	)
Shares issued to settle accounts payable	1,678			13,814
Balance, December 31, 2021	36,494,228		$	147,729,846