Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.22.2
SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 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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$

8.40

 

5.1

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$

2,231,293

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Granted

 

151,666

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7.20

 

—

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—

Forfeited

 

(55,013)

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18.59

 

—

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—

Outstanding as of June 30, 2022

 

834,691

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7.64

 

5.7

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471,532

Vested and exercisable as of June 30, 2022

 

629,886

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$

7.25

 

4.5

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$

597,539

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

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Six Months Ended

 

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June 30, 

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2022

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2021

 

Weighted average fair value of Common Shares

 

C$

6.35

 

C$

14.40

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Expected volatility

 

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98.8

%  

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90.0

%

Risk-free interest rate

 

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2.59

%  

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0.71

%

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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2.8

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Summary of total share-based compensation

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Three Months Ended

 

Six Months Ended

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June 30, 

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June 30, 

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2022

    

2021

    

2022

    

2021

Research and development

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$

38,473

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$

73,865

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$

100,579

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$

105,178

General and administrative

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78,470

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52,399

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139,698

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102,673

Total share-based compensation expense

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$

116,943

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$

126,264

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$

240,277

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$

207,851