Quarterly report pursuant to Section 13 or 15(d)

17. Stock Options (Tables)

v3.23.1
17. Stock Options (Tables)
 3 Months Ended
Mar. 31, 2023
Share-Based Payment Arrangement [Abstract]  
Stock option Assumptions
Assumptions  

Three months ended

March 31, 2023
Exercise price   $     0.89  
Risk free interest rate         3.77 %
Expected life of options     10 years
Expected volatility of underlying stock         200.0 %
Expected dividend rate     0 %
Stock Option Activity
Stock Option Activity Number of shares   Exercise price per share   Weighted average exercise price  
Outstanding January 1, 2022     2,766,438     $ 1.84 to 5.10     $ 2.92  
Granted     270,000       0.454 to 2.50       1.67  
Forfeited/cancelled     (652,375 )      1.84 to 2.80       1.85  
Exercised     —         —         —    
Outstanding December 31, 2022     2,384,063     $ 0.454 to 5.10     $ 3.07  
Granted     417,394           0.89       0.89  
Forfeited/cancelled     (60,000 )          2.50       2.50  
Exercised     —         —         —    
Outstanding March 31, 2023     2,741,457     $ 0.454 to 5.10     $ 2.75  
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  
$0.45     110,000       9.50               —            
$0.89     417,394       9.88               209,823          
$2.03     659,000       7.51               573,333          
$2.50     100,000       9.00               —            
$2.72     25,000       3.25               25,000          
$2.80     216,250       6.48               189,583          
$2.96     70,313       6.27               70,313          
$3.43     25,000       8.72               9,000          
$4.03     1,020,000       8.26               461,667          
$4.07     25,000       8.30               9,000          
$4.20     25,000       8.09               9,000          
$5.10     48,500       8.46               48,500          
      2,741,457       8.17     $ 2.75       1,605,219     $ 2.72