SHARE-BASED COMPENSATION (Tables)

12 Months Ended

Dec. 31, 2018

Sharebased Compensation Tables Abstract

Share based compensation expense

(in thousands)		2018		2017
Share based compensation expense for:
Stock options	$	(1,051)	$	(1,299)
RSUs		(337)		-
PSUs		(447)		-
Share based compensation expense	$	(1,835)	$	(1,299)

Stock options continuity

			Weighted-
			Average
			Exercise
	Number of		Price per
	Common		Share
	Shares		(CAD)
Stock options outstanding – January 1, 2018	11,799,650	$	0.94
Granted	3,427,543		0.61
Expiries	(816,000)		1.30
Forfeitures	(546,000)		0.90
Stock options outstanding – December 31, 2018	13,865,193	$	0.83
Stock options exercisable – December 31, 2018	7,439,950	$	0.93

Stock options outstanding

	Weighted			Weighted-
	Average			Average
	Remaining			Exercise
Range of Exercise	Contractual	Number of		Price per
Prices per Share	Life	Common		Share
(CAD)	(Years)	Shares		(CAD)
Stock options outstanding
$   0.50 to $   0.99	3.28	11,797,193	$	0.74
$   1.00 to $   1.19	1.19	1,202,000		1.09
$   1.20 to $   1.39	0.35	11,000		1.33
$   1.40 to $   1.99	0.18	855,000		1.82
Stock options outstanding -  December 31, 2018	2.91	13,865,193	$	0.83

Fair value of options granted assumptions

		2018	2017
Risk-free interest rate		2.02% - 2.12%	0.11% - 1.44%
Expected stock price volatility		43.17% - 48.39%	47.02% - 47.77%
Expected life		3.4 to 3.5 years	3.4 to 3.5 years
Estimated forfeiture rate		2.86% - 3.01%	2.94% - 4.14%
Expected dividend yield		–	–
Fair value per option granted	CAD$0.22 - CAD$0.23		CAD$0.21 - CAD$0.29

RSUs continuity

			Weighted-
			Average
	Number of		Fair Value
	Common		Per RSU
	Shares		(CAD)
RSUs outstanding – January 1, 2018	-	$	-
Granted	1,299,432		0.65
Forfeitures	(99,000)		0.65
RSUs outstanding – December 31, 2018	1,200,432	$	0.65
RSUs vested – December 31, 2018	-	$	-

PSUs continuity

			Weighted-
			Average
	Number of		Fair Value
	Common		Per PSU
	Shares		(CAD)
PSUs outstanding – January 1, 2018	-	$	-
Granted	2,200,000		0.65
PSUs outstanding – December 31, 2018	2,200,000	$	0.65
PSUs vested – December 31, 2018	-	$	-