Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.24.1.1.u2
SHARE-BASED COMPENSATION (Tables)
3 Months Ended
Mar. 31, 2024
SHARE-BASED COMPENSATION  
Summary of the activity of share options

    

    

    

Weighted

    

 

 

Weighted

 

Average

 

 

 

Average

 

Remaining

 

Number of

 

Exercise

 

Contractual

Aggregate

Share

 

Price Per

 

Term

Intrinsic

Options

Share

 

(years)

Value

Outstanding as of December 31, 2023

 

898,262

$

7.58

 

6.5

$

Expired

 

(14,665)

 

18.30

 

 

Outstanding as of March 31, 2024

 

883,597

 

7.40

 

6.4

27,581

Vested and exercisable as of March 31, 2024

 

793,570

$

7.29

 

6.4

$

27,581

    

    

    

Weighted

    

 

 

Weighted

 

Average

 

 

 

Average

 

Remaining

 

Number of

 

Exercise

 

Contractual

Aggregate

Share

 

Price Per

 

Term

Intrinsic

Options

Share

 

(years)

Value

Outstanding as of December 31, 2023

 

69,000

$

1.87

 

$

Granted

 

200,000

 

1.17

 

  

 

44,000

Outstanding as of March 31, 2024

 

269,000

 

1.35

 

9.7

150,760

Vested and exercisable as of March 31, 2024

 

58,333

$

1.17

 

9.7

$

43,166

Summary of fair value of share options granted estimated using Black Scholes with the assumptions

Period Ended

 

March 31, 

December 31,

    

2024

    

2023

Weighted average fair value of C$ Options

C$

0.90

C$

0.53

Expected volatility

 

102.3

%  

116.3

%

Risk-free interest rate

 

4.39

%  

4.04

%

Expected dividend yield

 

%  

%

Expected term (years)

 

6.4

 

6.5

Three Months Ended

March 31, 2024

Weighted average fair value of US$ Options

$

0.91

Expected volatility

98.6

%

Risk-free interest rate

3.90

%

Expected dividend yield

%

Expected term (years)

5.8

 

Summary of total share-based compensation

Three Months Ended

March 31, 

    

2024

    

2023

Research and development

$

3,812

$

38,909

General and administrative

 

59,772

 

93,601

Total share-based compensation

$

63,584

$

132,510