Share-based compensation (Tables)
|
6 Months Ended |
Jun. 30, 2026 |
|---|
| Share based compensation [abstract] |
|
| Schedule of number of share options outstanding |
The changes in the number of share options outstanding
during the periods ended June 30, 2026, and 2025 are as follows:
| | |
Number of options | | |
Weighted average exercise price | |
| | |
# | | |
C$ | |
| Outstanding as at December 31, 2025 | |
| 160,956 | | |
| 6.97 | |
| Granted | |
| 35,000 | | |
| 6.50 | |
| Cancelled | |
| (57,000 | ) | |
| 11.69 | |
| Expired | |
| (456 | ) | |
| 155.47 | |
| Outstanding as at June 30, 2026 | |
| 138,500 | | |
| 18.25 | |
| Exercisable as at June 30, 2026 | |
| 138,500 | | |
| 18.25 | |
| | |
Number of options | | |
Weighted average exercise price | |
| | |
# | | |
C$ | |
| Outstanding as at December 31, 2024 | |
| 42,456 | | |
| 6.97 | |
| Granted | |
| 57,692 | | |
| 9.90 | |
| Exercised | |
| (37,192 | ) | |
| 5.53 | |
| Outstanding as at June 30, 2025 | |
| 62,956 | | |
| 10.10 | |
| Exercisable as at June 30, 2025 | |
| 58,789 | | |
| 10.42 | |
|
| Schedule of fair values of options granted using the Black-Scholes option pricing model |
The fair value of share options granted during
the six months ended June 30, 2026, and 2025, were estimated at the date of grant using the Black-Scholes option pricing model with the
following inputs:
| | |
2026 | | |
2025 | |
| Grant date share price | |
| C$6.62 | | |
| C$6.64-C$9.92 | |
| Exercise price | |
| C$6.50 | | |
| C$6.60-C$9.90 | |
| Expected dividend yield | |
| — | | |
| — | |
| Risk free interest rate | |
| 3.18 | % | |
| 2.60%-2.61 | % |
| Expected life | |
| 5 years | | |
| 2 years | |
| Expected volatility | |
| 122 | % | |
| 132%-136 | % |
|
| Schedule of company’s share options outstanding |
The following table is a summary of the Company’s
share options outstanding as at June 30, 2026:
| | | | Options outstanding | | | Options exercisable | | | Exercise price | | | Number outstanding | | | Weighted average remaining contractual life [years] | | | Exercise price | | | Number exercisable | | | C$ | | | # | | | # | | | C$ | | | # | | | | 5.60 | | | | 12,500 | | | | 0.19 | | | | 5.60 | | | | 12,500 | | | | 24.50 | | | | 91,000 | | | | 4.24 | | | | 24.50 | | | | 91,000 | | | | 6.50 | | | | 35,000 | | | | 4.74 | | | | 6.50 | | | | 35,000 | | | | 18.25 | | | | 138,500 | | | | 4.00 | | | | 18.25 | | | | 138,500 | |
|
| Schedule of fair values of PSUs granted using the Black-Scholes option pricing model |
The change in the number of RSUs during the periods
ended June 30, 2026, and 2025, is as follows:
| | |
Number of RSUs | |
| | |
# | |
| Outstanding as at December 31, 2025 | |
| 97,600 | |
| Converted to common shares | |
| (96,000 | ) |
| Outstanding as at June 30, 2026 | |
| 1,600 | |
| | |
Number of RSUs | |
| | |
# | |
| Outstanding as at December 31, 2024 | |
| 32,690 | |
| Granted | |
| 60,000 | |
| Converted to common shares | |
| (92,690 | ) |
| Outstanding as at June 30, 2025 | |
| — | |
|
| Schedule of share-based compensation |
The Company recognized share-based compensation
for the three and six months ended June 30, 2026, and 2025 as follows:
| | |
For the three months ended
June 30, | | |
For the six months ended
June 30, | |
| | |
2026 | | |
2025 | | |
2026 | | |
2025 | |
| | |
$ | | |
$ | | |
$ | | |
$ | |
| Share options (i) | |
| 1,035 | | |
| 416,978 | | |
| 140,802 | | |
| 674,287 | |
| RSUs (ii) | |
| 12,414 | | |
| 432,606 | | |
| 764,704 | | |
| 466,569 | |
| | |
| 13,449 | | |
| 849,584 | | |
| 905,506 | | |
| 1,140,856 | |
| (i) | Includes $1,035 and $416,978 share-based compensation from Unbuzzd
for the six months ended June 30, 2026, and 2025, respectively. |
| (ii) | Includes $3,454 and $Nil share-based compensation from Unbuzzd
for the three months ended June 30, 2026, and 2025, respectively. |
|