Quarterly report pursuant to Section 13 or 15(d)

EQUITY (Tables)

v3.22.2
EQUITY (Tables)
6 Months Ended
Jun. 30, 2022
EQUITY  
Summary of common shares reserved for future issuance

June 30, 

December 31, 

    

2022

    

2021

Warrants

 

1,560,588

 

1,560,588

Series 1 Convertible Preferred Shares

 

1,166,667

 

Convertible debt

1,166,667

Options issued and outstanding under stock option plan

 

834,691

 

738,037

Deferred share units

 

1,061

 

1,061

Common Shares available for grant under stock option plan

 

185,144

 

281,798

Total Common Shares reserved for future issuance

 

3,748,151

 

3,748,151

Summary of fair value of the warrants

June 30, 

    

2022

Balance at December 31, 2021

$

1,871,687

Change in fair value of the warrant liability

 

(267,742)

Foreign exchange loss

 

1,075

Balance at June 30, 2022

$

1,605,020

December 31, 

    

2021

Balance at December 31, 2020

$

Warrant liability at issuance

 

2,739,221

Change in fair value of the warrant liability

 

(840,555)

Foreign exchange gain

 

(26,979)

Balance at December 31, 2021

$

1,871,687