CAPITAL STOCK (Tables)
|
12 Months Ended |
Dec. 31, 2022 |
|---|
| Share-based Compensation Arrangement by Share-based Payment Award [Line Items] |
|
| Schedule of stock options outstanding [Table Text Block] |
At December 31, 2022, the following stock options were outstanding:
Number of
Options |
Exercise
Price |
Expiry Date |
| |
|
|
| 382,000 |
CDN$0.15 |
December 31, 2032 |
| 54,000 |
CDN$0.60 |
June 1, 2040 |
| 250,000 |
CDN$0.20 |
October 8, 2035 |
| 360,000 |
CDN$1.23 |
October 23, 2040 |
| 400,000 |
CDN$0.40 |
May 5, 2036 |
| 690,000 |
CDN$0.30 |
July 1, 2037 |
| 450,000 |
CDN$0.81 |
December 14, 2042 |
|
| Schedule Of Share-based payment arrangement, option, activity [Table Text Block] |
| |
|
December 31, 2022 |
|
|
December 31, 2021 |
|
|
December 31, 2020 |
|
| |
|
Number of
Options |
|
|
Weighted
Average
Exercise
Price |
|
|
Number of
Options |
|
|
Weighted
Average
Exercise
Price |
|
|
Number of
Options |
|
|
Weighted
Average
Exercise
Price |
|
| Outstanding, beginning of year |
|
2,381,000 |
|
$ |
0.36 |
|
|
2,636,000 |
|
$ |
0.35 |
|
|
2,615,000 |
|
$ |
0.23 |
|
| Granted |
|
450,000 |
|
|
0.81 |
|
|
- |
|
|
- |
|
|
534,000 |
|
|
0.80 |
|
| Exercised |
|
- |
|
|
- |
|
|
(255,000 |
) |
|
0.38 |
|
|
(346,500 |
) |
|
0.21 |
|
| Cancelled/Expired |
|
(245,000 |
) |
|
0.69 |
|
|
- |
|
|
- |
|
|
(166,500 |
) |
|
0.31 |
|
| Outstanding, end of year |
|
2,586,000 |
|
$ |
0.37 |
|
|
2,381,000 |
|
$ |
0.36 |
|
|
2,636,000 |
|
$ |
0.35 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
| Exercisable, end of year |
|
2,586,000 |
|
$ |
0.37 |
|
|
2,381,000 |
|
$ |
0.36 |
|
|
2,636,000 |
|
$ |
0.35 |
|
|
| Schedule of share-based compensation, stock options black-scholes valuation assumptions [Table Text Block] |
The following assumptions were used for the Black-Scholes valuation of stock options amended during the years ended December 31, 2022, 2021, and 2020:
| |
|
2022 |
|
|
2021 |
|
|
2020 |
|
| |
|
|
|
|
|
|
|
|
|
| Risk-free interest rate |
|
1.75% |
|
|
1.75% |
|
|
1.75% |
|
| Expected life |
|
5.0 years |
|
|
3.0 years |
|
|
1.8 to 2.6 years |
|
| Annualized volatility |
|
68% |
|
|
70% |
|
|
73% |
|
| Dividend rate |
|
- |
|
|
- |
|
|
- |
|
|
| Schedule of stockholders' equity note, warrants or rights [Table Text Block] |
At December 31, 2022, 2021 and 2020, there were no warrants outstanding.
| |
|
2021 |
|
|
2021 |
|
|
2020 |
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Balance, beginning of period |
|
- |
|
|
- |
|
|
1,250,000 |
|
|
CAD$0.50 |
|
| Issued |
|
- |
|
|
- |
|
|
- |
|
|
|
|
| Exercised |
|
- |
|
|
- |
|
|
(885,000 |
) |
|
CAD$0.50 |
|
| Expired |
|
- |
|
|
- |
|
|
(365,000 |
) |
|
CAD$0.50 |
|
| Balance, end of period |
|
- |
|
|
- |
|
|
- |
|
|
- |
|
|