Quarterly report pursuant to Section 13 or 15(d)

SHARE CAPITAL (Tables)

v3.21.1
SHARE CAPITAL (Tables)
3 Months Ended
Mar. 31, 2021
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of stock options activity

Options Outstanding

    

    

Weighted

    

Weighted

    

Average

Average

Number of

Exercise

Remaining

Aggregate

Shares Subject

Price Per

Contractual

Intrinsic Value

to Options

Share

Life (in years)

(in thousands)

Balance at December 31, 2020

 

3,743,000

$

1.05

4.00

Options granted

 

1,590,000

$

1.06

Options exercised

 

$

Options canceled / expired

 

(350,000)

$

1.20

Balance at March 31, 2021

 

4,983,000

$

1.03

 

4.10

 

$

2,922

Vested and exercisable at March 31, 2021

 

2,638,467

$

0.94

 

3.85

 

$

773

Schedule of stock options outstanding and exercisable

Options Outstanding

Options Exercisable

    

Weighted

    

    

    

Average

Weighted

Weighted

Remaining

Average

Average

Number of

Contractual

Exercise Price

Number

Exercise Price

Outstanding

Life (in years)

Per Share

Exercisable

Per Share

1,000,000

 

4.41

$

0.05

 

1,000,000

$

0.05

60,000

 

1.57

$

2.80

 

60,000

$

2.80

75,000

 

6.80

$

1.80

 

75,000

$

1.80

425,000

 

2.50

$

1.80

 

311,667

$

1.80

734,000

 

2.80

$

1.56

 

538,267

$

1.56

434,000

 

3.52

$

1.28

 

202,533

$

1.28

200,000

4.41

$

0.90

40,000

$

0.90

465,000

 

4.70

$

0.97

 

93,000

$

0.97

1,590,000

4.84

$

1.06

318,000

$

1.06

4,983,000

 

4.10

$

1.03

 

2,638,467

$

0.94

Schedule of assumptions were used to determine fair value of the awards

Expected life (in years)

 

5.0

 

Risk-free interest rate

 

0.4

%  

Dividend yield

 

%  

Expected volatility

 

91

%  

Schedule of changes in stock option liability

Changes in the Company’s stock option liability for the three months ended March 31, 2021 was as follows (stated in thousands):

Balance at December 31, 2020

$

16

Loss on revaluation

 

(3)

Balance at March 31, 2021

$

19

Consultant [Member]  
Share-based Compensation Arrangement by Share-based Payment Award [Line Items]  
Schedule of assumptions were used to determine fair value of the awards

Expected life (in years)

 

5.0

 

Risk-free interest rate

 

0.4

%  

Dividend yield

 

%  

Expected volatility

 

91

%