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Warrants (Tables)
6 Months Ended
Jun. 30, 2023
Warrants and Rights Note Disclosure [Abstract]  
Summary of Warrant Activity

Following is a summary of the warrant activity during the three and six months periods ended June 30, 2023 and 2022:

 

 

Number of
Share
Purchase
Warrants

 

 

Weighted
Average
Exercise Price

 

Outstanding, January 1, 2022

 

 

17,631,350

 

 

$

1.05

 

Issued

 

 

4,838,707

 

 

 

1.24

 

Exercised

 

 

(20,700

)

 

 

0.49

 

Expired

 

 

-

 

 

 

-

 

Outstanding, March 31, 2022

 

 

22,449,357

 

 

 

1.09

 

Issued

 

 

-

 

 

 

-

 

Exercised

 

 

(1,078,470

)

 

 

0.48

 

Expired

 

 

(40,261

)

 

 

0.48

 

Outstanding, June 30, 2022

 

 

21,330,626

 

 

 

1.32

 

 

 

 

 

 

 

 

Outstanding, January 1, 2023

 

 

19,633,911

 

 

$

1.18

 

Issued

 

 

-

 

 

 

-

 

Exercised

 

 

(2,499,453

)

 

 

0.43

 

Expired

 

 

-

 

 

 

-

 

Outstanding, March 31, 2023

 

 

17,134,458

 

 

 

1.29

 

Issued

 

 

-

 

 

 

-

 

Exercised

 

 

(227,630

)

 

 

0.97

 

Expired

 

 

(4,530,808

)

 

 

0.99

 

Outstanding, June 30, 2023

 

 

12,376,020

 

 

 

1.40

 

Schedule of Common Stock Share Purchase Warrants Outstanding and Exercisable

As of June 30, 2022, the following common stock share purchase warrants were outstanding and exercisable:

 

Outstanding

 

 

Exercise Price

 

Remaining life
(years)

 

Expiry Date

 

1,685,375

 

 

USD$0.48

 

0.18

 

September 3, 2022

 

203,840

 

 

USD$0.62

 

0.82

 

April 26, 2023

 

4,882,838

 

 

USD$1.00

 

0.82

 

April 26, 2023

 

2,182,553

 

 

USD$0.39

 

0.84

 

May 4, 2023

 

4,838,707

 

 

USD$1.24

 

1.75

 

March 28, 2024

 

7,537,313

 

 

USD$1.50

 

3.83

 

April 29, 2026

 

21,330,626

 

 

 

 

 

 

 

 

As of June 30, 2023, the following common stock share purchase warrants were outstanding and exercisable:

 

Outstanding

 

 

Exercise Price

 

Remaining life
(years)

 

Expiry Date

 

4,838,707

 

 

USD$1.24

 

0.75

 

March 28, 2024

 

7,537,313

 

 

USD$1.50

 

2.83

 

April 29, 2026

 

12,376,020