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Share Based Compensation (Tables)
12 Months Ended
Dec. 31, 2024
Share Based Compensation  
Schedule of outstanding and exercisable options

2024

Weighted

Number

average

of shares

exercise

    

2019 Plan

   

Inducement Plan

2011 Plan

   

Total

   

price

Outstanding at beginning of year - 2011 Plan

 

    

1,694,233

    

1,694,233

    

$

2.09

Outstanding at beginning of year - 2019 Plan

6,406,897

6,406,897

5.82

Outstanding at beginning of year - Inducement Plan

625,000

625,000

5.74

Granted - 2019 Plan

1,652,000

1,652,000

1.62

Exercised - 2011 Plan

(50,476)

(50,476)

1.04

Forfeited - Inducement Plan

(98,250)

(98,250)

4.33

Forfeited - 2019 Plan

(386,053)

(386,053)

4.42

Expired - 2019 Plan

(68,238)

(68,238)

7.42

Expired - 2011 Plan

(11,272)

(11,272)

4.01

Expired - Inducement Plan

(30,750)

(30,750)

6.22

Outstanding at end of year

 

7,604,606

496,000

1,632,485

9,733,091

$

4.54

Outstanding at end of year - Weighted average exercise price

$

4.97

$

5.99

$

2.11

Exercisable at end of year

4,850,552

319,291

1,632,485

6,802,328

$

5.14

Exercisable at end of year - Weighted average exercise price

 

$

6.09

$

6.24

$

2.11

2023

Weighted

Number

average

of shares

exercise

2019 Plan

   

Inducement Plan

2011 Plan

   

Total

   

price

Outstanding at beginning of year - 2011 Plan

    

1,802,672

1,802,672

$

2.05

Outstanding at beginning of year - 2019 Plan

 

5,314,312

5,314,312

8.35

Outstanding at beginning of year - Inducement Plan

503,000

503,000

6.41

Granted - 2019 Plan

1,875,400

1,875,400

3.61

Granted - Inducement Plan

122,000

122,000

2.98

Exercised - 2019 Plan

(7,000)

(7,000)

3.74

Exercised - 2011 Plan

(107,103)

(107,103)

1.52

Forfeited - 2019 Plan

(156,198)

(156,198)

6.13

Expired - 2019 Plan

(58,617)

(58,617)

11.52

Expired - 2011 Plan

(1,336)

(1,336)

0.91

Cancelled - 2019 Plan

(561,000)

(561,000)

21.73

Outstanding at end of year

6,406,897

625,000

1,694,233

8,726,130

$

5.09

Outstanding at end of year - Weighted average exercise price

$

5.82

$

5.74

$

2.09

Exercisable at end of year

3,228,422

221,833

1,694,233

5,144,488

$

5.32

Exercisable at end of year - Weighted average exercise price

$

6.93

6.42

$

2.09

Schedule of non-vested share options activity

2024

Number

Weighted

of options

average

2019 Plan

    

Inducement Plan

    

2011 Plan

    

Total

    

fair value

Non-vested share options at beginning of year - 2019 Plan

3,178,475

3,178,475

 

3.64

Non-vested share options at beginning of year - Inducement Plan

403,167

403,167

4.07

Granted - 2019 Plan

 

1,652,000

1,652,000

1.26

Vested, outstanding - 2019 Plan

(1,690,368)

(1,690,368)

3.48

Vested, outstanding - Inducement Plan

(128,208)

(128,208)

4.48

Forfeited - Inducement Plan

(98,250)

(98,250)

3.31

Forfeited - 2019 Plan

(386,053)

(386,053)

3.47

Non-vested share options at end of year

 

2,754,054

176,709

2,930,763

 

$

2.45

Non-vested share options at end of year - Weighted average fair value

$

2.33

$

4.19

$

2023

Number

Weighted

of options

average

    

2019 Plan

    

Inducement Plan

    

2011 Plan

    

Total

    

fair value

Non-vested share options at beginning of year - 2011 Plan

 

2,126

2,126

 

$

6.64

Non-vested share options at beginning of year - 2019 Plan

2,923,763

2,923,763

 

5.30

Non-vested share options at beginning of year - Inducement Plan

503,000

503,000

4.84

Granted - 2019 Plan

 

1,875,400

1,875,400

2.87

Granted - Inducement Plan

122,000

122,000

2.30

Vested, outstanding - 2011 Plan

(2,126)

(2,126)

 

6.64

Vested, outstanding - 2019 Plan

(1,504,329)

(1,504,329)

5.88

Vested, outstanding - Inducement Plan

(221,833)

(221,833)

4.85

Forfeited - 2019 Plan

(116,359)

(116,359)

3.96

Non-vested share options at end of year

 

3,178,475

403,167

3,581,642.00

 

$

3.69

Non-vested share options at end of year - Weighted average fair value

$

3.64

$

4.07

$

Schedule of information of options outstanding and exercisable

Options outstanding

Options exercisable

    

    

Weighted

    

    

    

Weighted

    

average

Weighted

average

Weighted

remaining

average

remaining

average

Number

contractual

exercise

Number

contractual

exercise

Exercise price

of options

life (years)

price

of options

life (years)

price

$0.84-$1.73

 

1,623,845

5.74

1.46

1,089,175

3.83

1.46

$1.74-$3.2

 

1,725,554

7.06

2.16

733,262

4.04

2.61

$3.21-$5.25

 

2,128,500

7.40

3.67

1,393,090

7.02

3.70

$5.26-$6.36

 

3,368,756

6.68

5.90

2,857,032

6.63

5.95

$6.37-$8.5

 

527,000

7.06

6.82

379,083

6.98

6.80

$8.51-$15.5

53,086

5.49

9.08

44,336

5.06

9.19

$15.51-$20.5

65,100

4.84

17.21

65,100

4.84

17.21

$20.51-$22.45

241,250

5.06

21.48

241,250

5.06

21.48

Total

 

9,733,091

 

6.71

$

4.54

 

6,802,328

 

5.92

$

5.14

Schedule of weighted average assumptions for the options granted

Year ended December 31, 

2024

    

2023

 

Exercise price

$

1.62

 

$

3.58

Share price

$

1.62

 

$

3.58

Volatility

 

96

%  

97

%

Risk-free interest rate

 

4.17

%  

3.97

%

Expected life

 

5.66 years

 

6.01 years

Dividend

 

0

%  

0

%

Schedule of PSU activity

    

2024

    

2023

Beginning balance

 

$

$

Granted

 

 

924,000

 

Vested

Forfeited

Ending balance

 

$

924,000

$

Schedule of share-based compensation expense

    

2024

    

2023

Administration

$

3,171

 

$

4,849

Research and development

1,874

 

3,281

Commercial activities

731

 

1,404

Total

$

5,776

 

$

9,534