XML 26 R16.htm IDEA: XBRL DOCUMENT v3.22.2
Additional Paid-In Capital
6 Months Ended
Jun. 30, 2022
Additional Paid in Capital [Abstract]  
Additional Paid-In Capital [Text Block]

10.  Additional Paid-In Capital

Stock options

On January 20, 2022, 25,000 options to purchase common stock were granted to an employee under the 2016 Stock Option Plan. The options have an exercise price of $0.34. The options granted vest over a period of 2 years at a rate of 25% every six months and expire 10 years after the grant date. The stock options were accounted for at their fair value, as determined by the Black-Scholes valuation model, of approximately $6 thousand.

On January 11, 2021, 150,000 options to purchase common stock were granted to an employee under the 2016 Stock Option Plan. The options have an exercise price of $0.27. The options granted vest over a period of 2 years at a rate of 25% every six months and expire 10 years after the grant date. The stock options were accounted for at their fair value, as determined by the Black-Scholes valuation model, of approximately $25 thousand.

No stock options were exercised during the six-month periods ended June 30, 2022 and 2021.

Compensation expenses for stock-based compensation of $63 thousand and $56 thousand were recorded during the six-month periods ended June 30, 2022 and 2021, respectively. An amount of $57 thousand (2021 - $56 thousand) expensed in the six-month period ended June 30, 2022 relates to stock options granted to employees and an amount of $6 (2021 - $Nil thousand) relates to stock options granted to consultants. As at June 30, 2022, the Company has $83thousand (2021 - $146 thousand) of unrecognized stock-based compensation.

Warrants

No warrants were exercised during the six-month periods ended June 30, 2022 and 2021.

Deferred Share Units ("DSUs")

On January 1, 2022, 543,480 DSUs have been granted under the DSU Plan, accordingly, an amount of $197 thousand has been recognized in general and administrative expenses.

On May 19, 2021, 390,625 DSUs have been granted under the DSU Plan, accordingly, an amount of $207 thousand has been recognized in general and administrative expenses.

Performance and Restricted Share Units ("PRSUs")

No PRSUs were granted during the six-month periods ended June 30, 2022 and 2021.