SHARE-BASED PAYMENTS

3 Months Ended

Mar. 31, 2019

Disclosure of Compensation Related Costs, Share-based Payments [Abstract]

SHARE-BASED PAYMENTS

NOTE 10 – SHARE-BASED PAYMENTS

On January 20, 2019, the Company issued 1,000,000 shares of the common stock to an arm’s length third party as compensation for services rendered. The fair value of these shares, in amount of $177,000, was determined by using the market price of the common stock as at the date of issuance.

2016 stock option plan

The components of share-based payments expense are detailed in the table below.

	Date of grant	Contractual life	Number	Exercise price (C$)	March 31, 2018 ($)	March 31, 2017 ($)	Share price (C$)	Risk-free rate	Volatility	Dividend yield	Expected life (years)
Deferred stock unit grant	December 1, 2016	December 1, 2021	917,500	1.50	53,562	66,569	1.50	1%	108%	Nil	5
Deferred stock unit grant	December 1, 2016	December 1, 2021	272,500	N/A	19,855	25,379	1.50	1%	108%	Nil	5
					$73,417	91,948

As at March 31, 2018, the Company has the following stock options and deferred stock units:

Award	Fair Value		Units	Number of units vested	Weighted Average Exercise Price (C$)
		Contractual
		Life (years)
Options	493,080	3.67	562,500	562,500	0.50
Fully vested options	210,961	3.67	187,500	187,500	-
Deferred stock units	304,405	3.67	272,500	76,634	-
Deferred stock units	798,517	3.67	917,500	259,767	0.50
Total	1,806,963		1,940,000	1,086,401

Subsequent to the Company’s discontinuation of the two businesses operations (note 3) for the three months ended March 31, 2018, Empowerment and services of certain Directors, Officers, Employees and Consultants were terminated. Those stock options and deferred option units granted and issued in prior years were expired subsequent to the termination of employment and services.