Annual report pursuant to Section 13 and 15(d)

19. Stock Options (Tables)

v3.22.1
19. Stock Options (Tables)
12 Months Ended
Dec. 31, 2021
Share-based Payment Arrangement [Abstract]  
Stock option Assumptions
 Assumptions  

Year ended

December 31, 2021

Exercise price   $ 2.62 to 5.10  
Risk free interest rate     0.92 to 1.63 %
Expected life of options     10 years  
Expected volatility of underlying stock     206.8 to 229.8 %
Expected dividend rate     0 %
Stock Option Activity
Stock Option Activity    Number of shares   Exercise price per share   Weighted average exercise price
Outstanding January 1, 2020     315,938     $ 2.72 to 2.96     $ 2.84  
Granted     1,307,000       1.84 to 2.03       1.95  
Forfeited/cancelled                  
Exercised                  
Expired                  
Outstanding December 31, 2020     1,622,938     $ 1.84 to 2.96       2.11  
Granted     1,193,500       2.62 to 5.10       3.15  
Forfeited/cancelled     (50,000     2.62       2,62  
Exercised                  
Outstanding December 31, 2021     2,766,438     $ 1.84 to 5.10     $ 2.92  
Stock Options - Stock options outstanding
Stock Options Outstanding
    Options outstanding   Options exercisable

 

Exercise price

    Number of shares       Weighted average remaining years       Weighted average exercise price       Number of shares       Weighted average exercise price  
$1.84     648,000       8.73               162,000          
$2.03     659,000       8.75               359,1673          
$2.72     25,000       4.50               25,000          
$2.80     220,625       7.73               124,284          
$2.96     70,313       7.52               70,313          
$3.43     25,000       9.97                        
$4.03     1,020,000       9.51               103,333          
$4.07     25,000       9.54                        
$4.20     25,000       9.34                        
$5.10     48,500       9.71               12,125          
      2,766,438       8.91     $ 2.92       856,222     $ 2.49