Quarterly report pursuant to Section 13 or 15(d)

16. Stock Options (Tables)

v3.22.1
16. Stock Options (Tables)
3 Months Ended
Mar. 31, 2022
Share-Based Payment Arrangement [Abstract]  
Stock option Assumptions
Assumptions  

Three months ended

March 31, 2022

Exercise price   $     2.50  
Risk free interest rate         2.41 %
Expected life of options     10 years  
Expected volatility of underlying stock         204.2 %
Expected dividend rate     0 %
Stock Option Activity
Stock Option Activity   Number of shares   Exercise price per share   Weighted average exercise price
Outstanding January 1, 2021     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                  
Expired                  
Outstanding December 31, 2021     2,766,438     $ 1.84 to 5.10     $ 2.92  
Granted     160,000       2.50       2.50  
Forfeited/cancelled                  
Exercised                  
Outstanding March 31, 2022     2,926,438     $ 1.84 to 5.10     $ 2.90  
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       8.48               162,000          
$2.03     659,000       8.51               402,000          
$2.50     160,000       10.00                        
$2.72     25,000       4.25               25,000          
$2.80     220,625       7.48               138,073          
$2.96     70,313       7.27               70,313          
$3.43     25,000       9.72                        
$4.03     1,020,000       9.26               155,000          
$4.07     25,000       9.30                        
$4.20     25,000       9.09                        
$5.10     48,500       9.46               24,250          
      2,926,438       8.74     $ 2.90       976,636     $ 2.59