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Stock-Based Compensation (Tables)
9 Months Ended
Sep. 30, 2022
Stock-Based Compensation  
Schedule of weighted average valuation assumptions for stock options

    

September 30, 

September 30, 

 

    

2022

    

2021

 

Risk-Free Interest Rate

2.04

%

1.25

%

Weighted Average Exercise Price

$

1.77

$

2.32

Expected Life of Options (years)

2.50

7.00

Expected Annualized Volatility

55.00

%

100.00

%

Expected Forfeiture Rate

N/A

 

N/A

Expected Dividend Yield

N/A

 

N/A

Schedule of stock option activity

    

    

Weighted Average  

    

Weighted Avg. 

Number of Shares

Exercise Price

Remaining Life

Balance, December 31, 2020

 

26,924,858

$

0.47

 

7.00

Forfeitures

 

(106,934)

 

1.23

 

Exercised

(4,289,392)

 

0.28

 

Granted

 

697,806

 

2.32

 

Balance, December 31, 2021

 

23,226,338

$

0.56

 

6.02

Forfeitures

 

(313,547)

 

0.56

 

Exercised

 

(15,002)

 

0.48

 

Granted

 

3,224,119

 

1.77

 

Options Outstanding at September 30, 2022

 

26,121,908

$

0.71

 

5.78

Options Exercisable at September 30, 2022

 

19,620,397

$

0.46

 

4.80

Schedule of weighted average valuation assumptions for warrants

    

September 30, 

September 30, 

SVS Warrants Denominated in C$

    

2022

    

2021

Risk-Free Interest Rate

N/A

0.83

%

Expected Life of Options (years)

N/A

5.00

 

Expected Annualized Volatility

N/A

100.00

%

Expected Forfeiture Rate

N/A

 

N/A

Expected Dividend Yield

N/A

 

N/A

Summary of warrants outstanding

    

Number of 

    

Weighted Average 

    

Weighted Average 

SVS Warrants

Warrants

Exercise Price

Remaining Life

Warrants outstanding at December 31, 2020

 

15,763,111

$

2.39

 

0.42

Exercised

 

(7,110,481)

 

1.02

 

0.19

Expired

 

(763,111)

 

4.25

 

Forfeited

 

(7,889,519)

3.44

 

0.19

Warrants outstanding at December 31, 2021 and September 30, 2022

$

Warrants exercisable at December 31, 2021 and September 30, 2022

 

$

 

    

Number of 

    

Weighted Average 

    

Weighted Average 

SVS Warrants Denominated in C$

Warrants

Exercise Price

Remaining Life

Warrants outstanding at December 31, 2020

 

$

 

Granted

 

3,037,649

 

3.50

 

Warrants outstanding at December 31, 2021

 

3,037,649

$

3.50

 

4.23

Granted

Warrants outstanding at September 30, 2022

3,037,649

$

3.50

3.74

Warrants exercisable at September 30, 2022

 

3,037,649

$

3.50

 

3.74

    

Number of 

    

Weighted Average 

    

Weighted Average 

MVS Warrants

Warrants

Exercise Price

Remaining Life

Warrants outstanding at December 31, 2020

 

13,583

$

194.66

 

1.64

Issued

 

 

 

Warrants outstanding at December 31, 2021

 

13,583

$

194.66

 

0.64

Expired

(13,583)

194.66

Warrants outstanding at September 30, 2022

 

$

 

Warrants exercisable at September 30, 2022

 

$

 

Summary of RSU activity

    

    

Grant Date

Number of Shares

Fair Value

Balance, December 31, 2021

 

$

Granted

 

1,094,200

 

1.77

Balance, September 30, 2022

 

1,094,200

$

1.77