Share-Based Compensation (Tables)

9 Months Ended

Sep. 30, 2023

Share-Based Payment Arrangement [Abstract]

Summary of Stock Option Activity

The following table summarizes the Company’s stock option activity and related information:

	Number of Options	Weighted Average Price CAD$		Weighted Average Years
Balance, December 31, 2022	75,626,960	$	0.86	3.46
Granted	60,724,666	$	0.20	3.42
Forfeited/Expired	(51,481,360)	$	0.83	—
Balance, September 30, 2023	84,870,266	$	0.38	4.52

Summary of Stock Options Values using Black-Scholes Model with Key Assumptions

In determining the amount of share-based compensation during the periods ended September 30, 2023 and 2022, the Company used the Black-Scholes option pricing model to establish the fair value of options granted with the following key assumptions:

	Nine Months Ended September 30,
	2023		2022
Risk-Free Interest Rate	4.02	%	3.62	%
Expected Life	3.42 years		3.50 years
Expected Annualized Volatility	86.62	%	89.83	%
Forfeiture rate	—	%	—	%
Expected Dividend Yield	—	%	—	%