Quarterly report pursuant to Section 13 or 15(d)

EQUITY (Tables)

v3.23.1
EQUITY (Tables)
3 Months Ended
Mar. 31, 2023
EQUITY  
Summary of common shares reserved for future issuance

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March 31, 

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December 31, 

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2023

    

2022

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Warrants

 

1,873,622

 

1,873,622

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Series 1 Convertible Preferred Shares

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1,166,667

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1,166,667

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Options issued and outstanding under stock option plan

 

1,043,025

 

1,043,025

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Deferred Share Units

 

1,061

 

1,061

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Common Shares available for grant under stock option plan

 

396,080

 

396,080

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Total Common Shares reserved for future issuance

 

4,480,455

 

4,480,455

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Summary of fair value of the warrant liability

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March 31, 

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2023

Balance at December 31, 2022

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$

1,859,374

Change in fair value of the warrant liability

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41,665

Foreign exchange loss

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683

Balance at March 31, 2023

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$

1,901,722

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December 31, 

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2022

Balance at December 31, 2021

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$

1,871,687

October 2022 PIPE warrant liability at issuance

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1,520,401

Change in fair value of the warrant liability

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(1,533,644)

Foreign exchange loss

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930

Balance at December 31, 2022

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$

1,859,374