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Share-Based Payments (Tables)
6 Months Ended
Jun. 30, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of change in outstanding share DSU

The following table summarizes the change in outstanding RSUs:

 

 

 

Number of
RSUs (#)

 

 

Weighted
Average
grant date fair value

 

Outstanding, December 31, 2021

 

 

300,000

 

 

$

6.43

 

Granted

 

 

6,445,652

 

 

 

1.50

 

Awards forfeited

 

 

(97,468

)

 

 

1.77

 

Outstanding, June 30, 2022

 

 

6,648,184

 

 

$

1.72

 

 

 

 

 

 

 

 

Vested, June 30, 2022

 

 

960,235

 

 

$

2.83

 

 

Summary of change in share outstanding options

The following table summarizes the change in our outstanding stock options:

 

 

 

Number of
Options (#)

 

 

Weighted
Average
exercise
price per
stock
option

 

 

Weighted
Average
exercise
remaining
contractual
term
(years)

 

 

Aggregate intrinsic
value

 

Outstanding, December 31, 2021

 

 

21,404,641

 

 

$

0.36

 

 

$

7.34

 

 

$

56,924,556

 

Granted

 

 

11,193,297

 

 

 

1.74

 

 

 

 

 

 

 

Forfeited

 

 

(56,201

)

 

 

0.27

 

 

 

 

 

 

 

Exercised

 

 

(1,132,277

)

 

 

0.27

 

 

 

 

 

 

 

Outstanding, June 30, 2022

 

 

31,409,460

 

 

$

0.86

 

 

$

9.02

 

 

$

14,395,531

 

X

 

 

 

 

 

 

 

 

 

 

 

 

Exercisable, June 30, 2022

 

 

21,820,803

 

 

$

0.80

 

 

$

8.29

 

 

$

11,540,092

 

Summary of stock options outstanding

Below is a summary of the outstanding options as of June 30, 2022 and December 31, 2021:

 

 

 

 

June 30,

 

 

December 31,

 

 

 

 

2022

 

 

2021

 

Exercise price

 

 

Number outstanding
#

 

 

Number exercisable
#

 

 

Number outstanding
#

 

 

Number exercisable
#

 

$

0.12

 

 

 

518,112

 

 

 

518,113

 

 

 

518,112

 

 

 

518,112

 

 

0.15

 

 

 

369,000

 

 

 

369,000

 

 

 

369,000

 

 

 

369,000

 

 

0.27

 

 

 

17,879,051

 

 

 

14,121,894

 

 

 

19,067,529

 

 

 

10,893,918

 

 

1.00

 

 

 

375,000

 

 

 

375,000

 

 

 

375,000

 

 

 

325,000

 

 

1.17

 

 

 

1,730,138

 

 

 

367,843

 

 

 

 

 

 

 

 

1.21

 

 

 

1,219,120

 

 

 

552,752

 

 

 

 

 

 

 

 

1.51

 

 

 

741,987

 

 

 

741,987

 

 

 

 

 

 

 

 

1.58

 

 

 

5,107,941

 

 

 

1,305,103

 

 

 

 

 

 

 

 

1.97

 

 

 

1,894,111

 

 

 

1,894,111

 

 

 

 

 

 

 

 

2.00

 

 

 

1,075,000

 

 

 

1,075,000

 

 

 

1,075,000

 

 

 

1,125,000

 

 

3.47

 

 

 

200,000

 

 

 

200,000

 

 

 

 

 

 

 

 

7.96

 

 

 

300,000

 

 

 

300,000

 

 

 

 

 

 

 

 

 

 

 

31,409,460

 

 

 

21,820,803

 

 

 

21,404,641

 

 

 

13,231,030

 

 

Summary of fair value grant using weighted-average assumptions

The fair value of options granted was estimated at the grant date using the following weighted-average assumptions:

 

 

 

Six months ended

 

 

June 30,
2022

Grant date fair value

 

0.92

Weighted average expected volatility

 

83%

Weighted average risk-free interest rate

 

2.16%

Weighted average expected life of the options

 

4.67 years

Restricted Stock Units (RSUs) [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of stock-based compensation expenses

Total stock-based compensation expense related to RSUs included in the condensed consolidated interim statements of operations was as follows:

 

 

 

Three months ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Cost of sales

 

$

157,818

 

 

 

-

 

 

$

208,471

 

 

 

-

 

Selling & marketing

 

 

114,707

 

 

 

-

 

 

 

130,200

 

 

 

-

 

General & administrative

 

 

396,997

 

 

 

-

 

 

 

517,162

 

 

 

-

 

Research & development

 

 

1,096,021

 

 

 

-

 

 

 

1,193,232

 

 

 

-

 

 

 

$

1,765,543

 

 

 

-

 

 

$

2,049,065

 

 

 

-

 

Employee Stock Option Plan [Member]  
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]  
Summary of stock-based compensation expenses

Total stock-based compensation expense related to stock options included in the condensed consolidated interim statements of operations and comprehensive loss was as follows:

 

 

 

Three months ended

 

 

Six Months Ended

 

 

 

June 30,

 

 

June 30,

 

 

 

2022

 

 

2021

 

 

2022

 

 

2021

 

Selling & marketing

 

$

60,622

 

 

$

9,690

 

 

$

65,015

 

 

$

20,959

 

General & administrative

 

 

985,932

 

 

 

104,727

 

 

 

4,269,400

 

 

 

348,617

 

Research & development

 

 

815,669

 

 

 

110,507

 

 

 

1,239,727

 

 

 

282,142

 

 

 

$

1,862,223

 

 

$

224,924

 

 

$

5,574,142

 

 

$

651,718