Share-Based Payments (Tables)

12 Months Ended

Dec. 31, 2021

Disclosure Of Terms And Conditions Of Sharebased Payment Arrangement [Abstract]

Summary of Awards Outstanding

The number of awards outstanding as at December 31, 2021, is as follows:

	NUMBER OF AWARDS			WEIGHTED AVERAGE EXERCISE PRICE PER SHARE IN USD
Awards outstanding as at January 1, 2021		745,000			3.52
Granted		4,186,770			8.18
Forfeited		(20,000	)		(3.52	)
Awards outstanding as at December 31, 2021		4,911,770			7.49

The number of awards outstanding as at December 31, 2020, is as follows:

	NUMBER OF AWARDS		WEIGHTED AVERAGE EXERCISE PRICE PER SHARE IN USD
Awards outstanding as at January 1, 2020		—		—
Granted		745,000		3.52
Awards outstanding as at December 31, 2020		745,000		3.52

Summary of Weighted Average Assumptions used in Black-Scholes Option Pricing Model to Determine Fair Value of Other Options and Warrants Granted

Weighted average assumptions used in the Black-Scholes option pricing model to determine the fair value of other options and warrants granted during the year ended December 31 are as follows:

	YEAR ENDED DECEMBER 31,
	2021			2020
Exercise price, USD		8.18			3.52
Share price, USD		8.18			4.22
Risk free interest rate		1.20	%		0.41	%
Expected volatility		55	%		55	%
Expected option term	6.56 years			5.16 years
Dividend yield		0	%		0	%

Schedule of Share-based Payment Expense

Share-based Payment Expense

	YEAR ENDED DECEMBER 31,
	2021		2020
Equity classified share options and warrants expense		1,286		232
Liability classified warrants' expense		709		139
Share-based payment expense		1,995		371

Summary of Share-based Payment Reserve

Share-based Payment Reserve

	YEAR ENDED DECEMBER 31,
	2021			2020
Balance at January 1		220			—
Forfeiture and reclass to Other Reserves		(8	)		—
Modification of warrant accounting		151			—
Expense for year		2,003			371
Liability classified warrants		—			(151	)
Share-based payment reserve at December 31		2,366			220