Annual report pursuant to Section 13 and 15(d)

Share Capital (Tables)

v3.22.0.1
Share Capital (Tables)
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
Summary Of Warrants Activity
The following table summarizes certain information in respect of the Company’s warrants:
 
 
  
For the Year Ended

December 31, 2021
 
  
For the Year Ended

December 31, 2020
 
 
  
Units
 
  
Weighted Average
Exercise Price (C$)
 
  
Units
 
  
Weighted Average
Exercise Price (C$)
 
Warrants outstanding, beginning
     49,236      $ 4.06        49,236      $ 4.06  
Granted
     —          —          —          —    
Exercised
     —          —          —          —    
Expired
     (26,596      3.84        —          —    
    
 
 
    
 
 
    
 
 
    
 
 
 
Warrants outstanding, ending
  
 
22,640
 
  
$
3.56
 
  
 
49,236
 
  
$
4.06
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Summary Of Assumptions Used To Record Fair Value of Warrants
As of December 31, 2021 and 2020, warrants classified as derivative liabilities on the consolidated balance sheets were revalued with the following inputs:

 
 
  
December 31, 2021
 
 
December 31, 2020
 
Risk-free interest rate
     0.9     0.2
Expected dividend yield
     0.0     0.0
Expected volatility
     93.7
 
 
297.1
    148.0
 
–251.1
Expected life
     0.9 years       0.9 years  
Schedule Of Warrants Outstanding
Full share equivalent warrants outstanding and exercisable are as follows:

 
 
  
For the Year Ended December 31,
2021
 
  
For the Year Ended December 31,
2020
 
Year of expiration
  
Number
Outstanding
 
  
Weighted Average
Exercise Price (C$)
 
  
Number
Outstanding
 
  
Weighted Average
Exercise Price (C$)
 
2021
     —        $ —          26,596      $ 4.37  
2022
     20,855        3.47        20,855        3.62  
2023
     1,785        4.57        1,785        4.57  
    
 
 
    
 
 
    
 
 
    
 
 
 
Warrants outstanding
  
 
22,640
 
  
$
3.56
 
  
 
49,236
 
  
$
4.06
 
    
 
 
    
 
 
    
 
 
    
 
 
 
Summary Of Potentially Dilutive Securities
The following table summarizes potentially dilutive securities, and the resulting common share equivalents outstanding as of December 31, 2021 and 2020:
 
 
  
December 31, 2021
 
  
December 31, 2020
 
Common share options
     10,504        11,510  
Warrants
     22,640        49,236  
Secured notes
     46,458        46,458  
Debentures
     10,135        10,135  
MPX dilutive instruments
(1)
     408        408  
    
 
 
    
 
 
 
Total
  
 
90,145
 
  
 
117,747
 
    
 
 
    
 
 
 
 
(1)
Prior to the MPX Acquisition, MPX had instruments outstanding that were potentially dilutive and as a result of the MPX Acquisition, the Company assumed certain of these instruments.
Summary Of Option Activity
The following table summarizes certain information in respect of option activity under the Company’s stock option plan:
 
 
  
For The Year Ended December 31, 2021
 
  
For The Year Ended December 31, 2020
 
 
  
Units
 
 
Weighted
Average
Exercise
Price
(C$)
 
  
Weighted
Average
Contractual
Life
 
  
Units
 
 
Weighted
Average
Exercise
Price
(C$)
 
  
Weighted
Average
Contractual
Life
 
Options outstanding, beginning
 
 
  11,510     $ 4.86    
 
  —      
 
  19,578     $ 4.80    
 
  —    
Granted
 
 
  —         —      
 
  —      
 
  135       0.82    
 
  —    
Exercised
 
 
  —         —      
 
  —      
 
  —         —      
 
  —    
Forfeited/Expired
 
 
  (1,006     3.96    
 
  —      
 
  (8,203     4.99    
 
  —    
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
   
 
 
 
Options outstanding, ending
 
 
 
10,504
 
 
$
4.95
 
 
 
 
6.24
 
 
 
 
11,510
 
 
$
4.86
 
 
 
 
7.34