Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.24.2.u1
SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 2024
SHARE-BASED COMPENSATION  
Summary of the activity of share options

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

​

​

    

Weighted

    

​

​

​

 

​

 

Weighted

 

Average

 

​

​

​

 

​

 

Average

 

Remaining

 

​

​

​

​

Number of

 

Exercise

 

Contractual

​

Aggregate

​

​

Share

 

Price Per

 

Term

​

Intrinsic

​

​

Options

​

Share

 

(years)

​

Value

Outstanding as of December 31, 2023

 

898,262

​

$

7.58

 

6.5

​

$

—

Expired

 

(79,769)

​

 

9.16

 

​

​

 

​

Outstanding as of June 30, 2024

 

818,493

​

 

7.49

 

6.5

​

​

—

Vested and exercisable as of June 30, 2024

 

728,466

​

$

7.34

 

6.5

​

$

—

​

​

​

​

​

​

​

​

​

​

​

​

​

    

​

    

​

​

    

Weighted

    

​

​

​

 

​

 

Weighted

 

Average

 

​

​

​

 

​

 

Average

 

Remaining

 

​

​

​

​

Number of

 

Exercise

 

Contractual

​

Aggregate

​

​

Share

 

Price Per

 

Term

​

Intrinsic

​

​

Options

​

Share

 

(years)

​

Value

Outstanding as of December 31, 2023

 

69,000

​

$

1.87

 

​

​

$

—

Granted

 

200,000

​

 

1.17

 

  

​

 

44,000

Outstanding as of June 30, 2024

 

269,000

​

 

1.35

 

9.5

​

​

66,000

Vested and exercisable as of June 30, 2024

 

70,833

​

$

1.17

 

9.5

​

$

23,375

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

​

​

​

​

​

​

​

​

​

​

​

Period Ended

 

​

​

June 30, 

​

December 31,

​

​

    

2024

    

2023

​

Weighted average fair value of C$ Options

​

C$

0.64

​

C$

0.53

​

Expected volatility

 

​

100.8

%  

​

116.3

%

Risk-free interest rate

 

​

4.51

%  

​

4.04

%

Expected dividend yield

 

​

—

%  

​

—

%

Expected term (years)

 

​

6.5

 

​

6.5

​

​

​

​

​

​

​

​

​

Six Months Ended

​

​

​

June 30, 2024

​

Weighted average fair value of US$ Options

​

$

0.91

​

Expected volatility

​

​

98.6

%

Risk-free interest rate

​

​

3.90

%

Expected dividend yield

​

​

—

%

Expected term (years)

​

​

5.8

 

Summary of total share-based compensation

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

​

Three Months Ended

​

Six Months Ended

​

​

​

June 30, 

​

June 30, 

​

​

    

2024

    

2023

    

2024

    

2023

​

Research and development

​

$

3,813

​

$

39,109

​

$

7,625

​

$

78,018

​

General and administrative

​

 

14,186

​

 

95,082

​

 

73,958

​

 

188,683

​

Total share-based compensation

​

$

17,999

​

$

134,191

​

$

81,583

​

$

266,701

​