Annual report pursuant to Section 13 and 15(d)

EQUITY (Tables)

v3.22.4
EQUITY (Tables)
12 Months Ended
Dec. 31, 2022
EQUITY  
Summary of common shares reserved for future issuance

December 31, 

2022

    

2021

Warrants

1,873,622

 

1,560,588

Series 1 Convertible Preferred Shares

1,166,667

Convertible debt

 

1,166,667

Options issued and outstanding under stock option plan

1,043,025

 

738,037

Deferred Share Units

1,061

 

1,061

Common Shares available for grant under stock option plan

396,080

 

281,798

Total Common Shares reserved for future issuance

4,480,455

 

3,748,151

Summary of fair value of the warrant liability

    

December 31, 

2022

Balance at December 31, 2021

$

1,871,687

October 2022 PIPE warrant liability at issuance

 

1,520,401

Change in fair value of the warrant liability

 

(1,533,644)

Foreign exchange loss

 

930

Balance at December 31, 2022

$

1,859,374

    

December 31, 

2021

Balance at December 31, 2020

$

Accelerated warrant liability at issuance

 

2,739,221

Change in fair value of the accelerated warrant liability

 

(840,555)

Foreign exchange gain

 

(26,979)

Balance at December 31, 2021

$

1,871,687