Contributed surplus (Tables)
|
12 Months Ended |
Dec. 31, 2019 |
|---|
| Disclosure of terms and conditions of share-based payment arrangement [abstract] |
|
| Schedule of Contributed Surplus |
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|
Amount |
|
|
|
$ |
|
|
Contributed surplus |
|
|
|
|
|
|
|
Balance – December 31, 2017 |
6,375 |
|
|
|
|
|
|
Share-based compensation – stock options vested |
1,182 |
|
|
Stock options exercised |
(1,053 |
) |
|
|
|
|
|
Balance – December 31, 2018 |
6,504 |
|
|
|
|
|
|
Share-based compensation |
|
|
|
Stock options vested
|
1,138 |
|
|
DSUs vested
|
290 |
|
|
Reclassification of DSUs
|
955 |
|
|
Stock options exercised
|
(258 |
) |
|
Warrants expired |
62 |
|
|
|
|
|
|
Balance – December 31, 2019 |
8,691 |
|
|
| Schedule of Weighted Average Assumptions |
|
|
|
|
|
|
|
|
2019 |
|
2018 |
|
|
Risk-free interest rate |
1.81% |
|
2.02% |
|
|
Expected volatility |
64% |
|
77% |
|
|
Expected life (years) |
4.2 |
|
4.2 |
|
|
Forfeiture rate |
5% |
|
5% |
|
| Schedule of Option Activity |
Option activity for the years ended December 31, 2019 and 2018 was as follows:
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2019 |
|
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2018 |
|
|
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|
Weighted |
|
|
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|
Weighted |
|
|
|
|
|
|
average |
|
|
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|
average |
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|
Number |
|
|
exercise price |
|
|
Number |
|
|
exercise price |
|
|
|
# |
|
|
$ |
|
|
# |
|
|
$ |
|
|
Outstanding - Beginning of year |
1,474,477 |
|
|
4.12 |
|
|
1,498,052 |
|
|
2.26 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Granted |
343,100 |
|
|
6.39 |
|
|
619,505 |
|
|
6.65 |
|
|
Exercised |
(139,877 |
) 1
|
|
2.32 |
|
|
(626,875 |
)1
|
|
2.18 |
|
|
Forfeited |
(91,789 |
) |
|
6.81 |
|
|
(5,569 |
) |
|
1.80 |
|
|
Expired |
(12,500 |
) |
|
2.37 |
|
|
(10,636 |
) |
|
4.92 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Outstanding - End of year |
1,573,411 |
|
|
4.63 |
|
|
1,474,477 |
|
|
4.12 |
|
|
|
|
1 Of the 139,877 (2018 - 626,875) options exercised, 98,408 (2018 - 443,748) elected the cashless exercise, under which 63,727 shares (2018 - 297,626) were issued. These options would have otherwise been exercisable for proceeds of $229 (2018 - $975) on the exercise date. |
|
| Schedule of Options Outstanding |
At December 31, 2019, the following options were outstanding:
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Options outstanding |
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|
Options exercisable |
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|
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|
Weighted |
|
|
|
|
|
|
|
Weighted |
|
|
|
|
|
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|
Weighted |
|
average |
|
|
|
|
|
Weighted |
|
average |
|
|
Exercise |
|
|
|
|
average |
|
remaining |
|
|
|
|
|
average |
|
remaining |
|
|
price |
|
|
|
|
exercise |
|
contractual life |
|
|
|
|
|
exercise |
|
contractual life |
|
|
range |
|
Number |
|
|
price |
|
(years) |
|
|
Number |
|
|
price |
|
(years) |
|
|
$ |
|
# |
|
|
$ |
|
|
|
|
# |
|
|
$ |
|
|
|
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|
|
|
|
|
|
|
|
|
|
|
|
|
|
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|
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|
1.98 – 2.29 |
|
240,626 |
|
|
2.07 |
|
1.36 |
|
|
240,626 |
|
|
2.07 |
|
1.36 |
|
|
2.30 – 2.61 |
|
389,625 |
|
|
2.39 |
|
1.64 |
|
|
389,625 |
|
|
2.39 |
|
1.64 |
|
|
2.62 – 5.18 |
|
178,125 |
|
|
3.45 |
|
2.87 |
|
|
78,125 |
|
|
2.82 |
|
0.32 |
|
|
5.19 – 6.72 |
|
343,230 |
|
|
6.40 |
|
3.22 |
|
|
131,772 |
|
|
6.40 |
|
3.22 |
|
|
6.73 – 7.39 |
|
421,805 |
|
|
7.24 |
|
3.60 |
|
|
71,584 |
|
|
7.09 |
|
3.17 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1,573,411 |
|
|
4.63 |
|
2.61 |
|
|
911,732 |
|
|
3.29 |
|
1.80 |
|