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

Weighted

    

Weighted

    

Average

Average

Number of

Exercise

Remaining

Aggregate

Share

Price Per

Contractual

Intrinsic

    

Options

    

Share

    

Term (years)

    

Value

Outstanding as of December 31, 2021

 

738,037

$

8.40

 

5.1

$

2,231,293

Granted

 

151,666

 

7.20

 

 

Forfeited

 

(55,013)

 

18.59

 

 

Outstanding as of June 30, 2022

 

834,691

 

7.64

 

5.7

 

471,532

Vested and exercisable as of June 30, 2022

 

629,886

$

7.25

 

4.5

$

597,539

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

    

Six Months Ended

 

June 30, 

2022

2021

 

Weighted average fair value of Common Shares

 

C$

6.35

 

C$

14.40

Expected volatility

 

98.8

%  

90.0

%

Risk-free interest rate

 

2.59

%  

0.71

%

Expected dividend yield

 

0

%  

0

%

Expected term (years)

 

6.0

 

2.8

Summary of total share-based compensation

Three Months Ended

 

Six Months Ended

June 30, 

June 30, 

    

2022

    

2021

    

2022

    

2021

Research and development

$

38,473

$

73,865

$

100,579

$

105,178

General and administrative

 

78,470

 

52,399

 

139,698

 

102,673

Total share-based compensation expense

$

116,943

$

126,264

$

240,277

$

207,851