Annual report pursuant to Section 13 and 15(d)

Stockholders' Equity (Tables)

v3.22.1
Stockholders' Equity (Tables)
 12 Months Ended
Dec. 31, 2021
Stockholders' Equity Note [Abstract]  
Schedule of special voting shares activity
Balance, January 1, 2020     2,990,904  
    Shares issued    
-
  
    Shares exchanged     (1,521,157 )
Balance, December 31, 2020     1,469,747  
Shares issued    
-
  
Shares exchanged     (1,464,472 )
Balance, December 31, 2021     5,275  

 
Schedule of option activity
          Weighted     Weighted        
          Average     Average        
    Number of     Exercise     Remaining     Intrinsic  
    Options     Price     Term (Yrs)     Value  
Outstanding, January 1, 2020                        
    Granted     50,000       2.49      
-
      
-
  
    Exercised    
-
      
-
      
-
      
-
  
    Expired    
-
      
-
      
-
      
-
  
    Forfeited    
-
      
-
      
-
      
-
  
Outstanding, December 31, 2020     50,000       2.49       9.92      
 
  
Granted     2,691,000       4.82      
-
      
-
  
Exercised    
-
      
-
      
-
      
-
  
Expired    
-
      
-
      
-
      
-
  
Forfeited    
-
      
-
      
-
      
-
  
Outstanding, December 31, 2021     2,741,000       4.77       9.41     $ 70,500  
                                 
Exercisable, December 31, 2021     927,632       4.39       9.30     $ 70,500  

 
Schedule of outstanding and exercisable stock options
Stock Options Outstanding     Stock Options Exercisable  
            Weighted        
            Average        
Exercise     Number of     Remaining     Number of  
Price     Shares     Life in Years     Shares  
$ 2.49       50,000       8.9       50,000  
$ 4.43       1,580,000       9.2       667,111  
$ 7.56       436,000       9.6       45,417  
$ 3.95       675,000       9.9      

165,104

  
          2,741,000       9.4      

927,632

  

 
Schedule of estimated using the black scholes valuation method assumptions
Risk free interest rate     0.4 %
Expected term (years)     5.27  
Expected volatility     100 %
Expected dividends     0 %

 

Risk free interest rate   0.75% - 1.36%
Expected term (years)   5.61 - 6.01
Expected volatility   84% - 98.5%
Expected dividends   0%