Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.22.2.2
SHARE-BASED COMPENSATION (Tables)
9 Months Ended
Sep. 30, 2022
SHARE-BASED COMPENSATION  
Summary of the activity of share options

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Weighted

    

Weighted

    

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Average

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Average

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Number of

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Exercise

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Remaining

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Aggregate

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Share

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Price Per

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Contractual

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Intrinsic

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Options

    

Share

    

Term (years)

    

Value

Outstanding as of December 31, 2021

 

738,037

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$

8.15

 

5.1

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$

2,231,253

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Granted

 

360,000

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7.54

 

—

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—

Forfeited

 

(55,012)

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15.98

 

—

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—

Outstanding as of September 30, 2022

 

1,043,025

​

 

7.53

 

6.4

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2,377,874

Vested and exercisable as of September 30, 2022

 

648,698

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$

7.32

 

4.4

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$

2,073,899

Summary of fair value of share options granted estimated using Black Scholes with the assumptions

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Nine Months Ended

 

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September 30, 

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2022

    

2021

 

Weighted average fair value of Common Shares

 

C$

5.84

 

C$

6.24

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Expected volatility

 

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95.34

%  

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94.43

%

Risk-free interest rate

 

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2.71

%  

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0.81

%

Expected dividend yield

 

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0

%  

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0

%

Expected term (years)

 

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6.0

 

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4.1

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Summary of total share-based compensation

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Three Months Ended

 

Nine Months Ended

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September 30, 

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September 30, 

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2022

    

2021

    

2022

    

2021

Research and development

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$

39,627

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$

31,286

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$

151,062

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$

157,147

General and administrative

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68,957

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158,343

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197,799

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240,333

Total share-based compensation expense

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$

108,584

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$

189,629

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$

348,861

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$

397,480