Quarterly report pursuant to Section 13 or 15(d)

EQUITY (Tables)

v3.23.2
EQUITY (Tables)
6 Months Ended
Jun. 30, 2023
EQUITY  
Summary of common shares reserved for future issuance

June 30, 

December 31, 

    

2023

    

2022

Warrants

 

1,773,549

 

1,873,622

Series 1 Convertible Preferred Shares

1,166,667

1,166,667

Options issued and outstanding under stock option plan

 

1,041,492

 

1,043,025

Deferred Share Units

 

1,061

 

1,061

Common Shares available for grant under stock option plan

 

397,613

 

396,080

Total Common Shares reserved for future issuance

 

4,380,382

 

4,480,455

Summary of fair value of the warrant liability

    

June 30, 

2023

Balance at December 31, 2022

$

1,859,374

Change in fair value of the warrant liability

 

(564,549)

Foreign exchange loss

 

(7,425)

Balance at June 30, 2023

$

1,287,400

A summary of warrant liability activity for the year ended December 31, 2022 is as follows:

December 31, 

2022

Balance at December 31, 2021

$

1,871,687

October 2022 PIPE warrant liability at issuance

 

1,520,401

Change in fair value of the warrant liability

 

(1,533,644)

Foreign exchange loss

 

930

Balance at December 31, 2022

$

1,859,374