Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

EQUITY (Tables)

v3.24.1
EQUITY (Tables)
12 Months Ended
Dec. 31, 2023
Disclosure of classes of share capital [abstract]  
Disclosure of composition of share capital [Table Text Block]
 
December 31, 2023
 
December 31, 2022
 
 
Authorized
 
Issued and outstanding
 
Authorized
 
Issued and outstanding
 
 
Number of shares
 
                 
Common Shares without par value
Unlimited
   
13,394,136
 
Unlimited
   
7,569,526
 
Disclosure of changes in issued and outstanding share capital [Table Text Block]
   
Number of shares
 
       
Balance as of January 1, 2022
   
6,811,620
 
         
Common shares issued as a result of options exercises
   
21,736
 
Common shares issued in settlement of purchase consideration of business combination
   
126,006
 
Issuance of treasury Common shares
   
10,165
 
Issuance of Common shares
   
599,999
 
         
Balance as of December 31, 2022
   
7,569,526
 
         
Issuance of Common Shares pursuant to debt settlement
   
492,492
 
Issuance of Common Shares pursuant to vested RSUs
   
54,999
 
Issuance of Common shares
   
5,277,119
 
         
Balance as of December 31, 2023
   
13,394,136
 
Disclosure of detailed information about options, valuation assumptions [Table Text Block]
   
Year ended
December 31,
 
   
2023
   
2022
 
             
Exercise price (in CAD)
 
$1.1
   
$2.3-$27.3
 
Dividend yield (%)
 
-
   
-
 
Expected life of share options (years)
 
5
   
4-5
 
Volatility (%)
 
104.4-109.35
   
77.04-107.03
 
Annual risk-free rate (%)
 
3.55-3.65
   
1.43-3.85
 
Share price (in CAD)
 
$1.1
   
$2.3-$27.3
 
Disclosure of number and weighted average exercise prices of share options [Table Text Block]
   
Year ended December 31, 2023
 
   
Number of options
   
Weighted average exercise price
 
         
in CAD
 
             
Options outstanding at the beginning of the year
   
519,170
     
37.6
 
                 
Options granted during the year
   
3,000
     
1.1
 
Options exercised during the year
   
-
     
-
 
Options forfeited during the year
   
(196,718
)
 
(51.78
)
                 
Options outstanding at the end of year
   
325,452
     
28.72
 
                 
Options exercisable at the end of year
   
299,442
     
28.39
 
   
Year ended December 31, 2022
 
   
Number of options
   
Weighted average exercise price
 
         
in CAD
 
             
Options outstanding at the beginning of the year
   
544,325
     
39.1
 
                 
Options granted during the year
   
32,503
     
10.85
 
Options exercised during the year
   
(22,705
)
   
16
 
Options forfeited during the year
   
(34,953
)
   
49.9
 
                 
Options outstanding at the end of year
   
519,170
     
37.6
 
                 
Options exercisable at the end of year
   
360,769
     
36.95
 
Disclosure of restricted share units [Table Text Block]
   
Number of RSU
 
       
Outstanding at the beginning of the year
   
55,000
 
         
Granted during the year
   
-
 
         
Outstanding at the end of the year
   
55,000
 
         
Exercisable at the end of year
   
-
 
Disclosure Of Detailed Information About Warrants Valuation Assumptions Explanatory [Table Text Block]
   
Issue date
 
   
May 2023
   
February 2023
   
May 2021
 
                   
Expected volatility
   
48.43
%
   
48.43
%
   
48.43
%
Share price (Canadian Dollar)
   
0.48
     
0.48
     
0.48
 
Expected life (in years)
   
2.342
     
2.096
     
2.342
 
Risk-free interest rate
   
4.12
%
   
4.12
%
   
4.12
%
Expected dividend yield
   
0
%
   
0
%
   
0
%
Fair value:
                       
                         
Per Warrant (Canadian Dollar)
 
$
0.009
   
$
0.006
   
$
0
 
Total Warrants (Canadian Dollar in thousands)
 
$
5
   
$
33
   
$
0