Quarterly report pursuant to Section 13 or 15(d)

SHARE-BASED COMPENSATION (Tables)

v3.24.2.u1
SHARE-BASED COMPENSATION (Tables)
6 Months Ended
Jun. 30, 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

 

(79,769)

 

9.16

 

 

Outstanding as of June 30, 2024

 

818,493

 

7.49

 

6.5

Vested and exercisable as of June 30, 2024

 

728,466

$

7.34

 

6.5

$

    

    

    

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 June 30, 2024

 

269,000

 

1.35

 

9.5

66,000

Vested and exercisable as of June 30, 2024

 

70,833

$

1.17

 

9.5

$

23,375

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

Period Ended

 

June 30, 

December 31,

    

2024

    

2023

Weighted average fair value of C$ Options

C$

0.64

C$

0.53

Expected volatility

 

100.8

%  

116.3

%

Risk-free interest rate

 

4.51

%  

4.04

%

Expected dividend yield

 

%  

%

Expected term (years)

 

6.5

 

6.5

Six Months Ended

June 30, 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

Six Months Ended

June 30, 

June 30, 

    

2024

    

2023

    

2024

    

2023

Research and development

$

3,813

$

39,109

$

7,625

$

78,018

General and administrative

 

14,186

 

95,082

 

73,958

 

188,683

Total share-based compensation

$

17,999

$

134,191

$

81,583

$

266,701