Annual report pursuant to Section 13 and 15(d)

Note 12 - Share-based Compensation (Tables)

v3.19.1
Note 12 - Share-based Compensation (Tables)
12 Months Ended
Dec. 31, 2018
Notes Tables  
Schedule of Employee Service Share-based Compensation, Allocation of Recognized Period Costs [Table Text Block]
   
December 31,
2018
   
December 31,
2017
 
Research and development
  $
170
    $
60
 
General and administrative
   
450
     
349
 
Total share-based compensation
  $
620
    $
409
 
Share-based Compensation, Stock Options, Activity [Table Text Block]
   
Shares
Underlying
Options
   
Weighted
Average Exercise
Price Per Share
(CAD$)
   
Aggregate
Intrinsic Value
(CAD$)
 
Balances at December 31, 2016
   
427,850
    $
7.68
    $
187
 
Granted
   
127,635
     
6.11
     
 
 
Exercised
   
(3,000
)    
3.00
     
 
 
Expired/cancelled
   
(72,450
)    
13.29
     
 
 
Forfeited
   
     
     
 
 
Balances at December 31, 2017
   
480,035
    $
6.45
    $
674
 
Granted
   
196,800
     
11.08
     
 
 
Exercised
   
(16,954
)    
3.29
     
 
 
Expired/cancelled
   
     
     
 
 
Forfeited
   
(20,522
)    
8.99
     
 
 
Balances at December 31, 2018
   
639,359
    $
7.87
    $
 
Schedule of Nonvested Share Activity [Table Text Block]
   
Shares Under
Option
   
Weighted Average Grant Date Fair Value Per Share
(CAD$)
 
Unvested at December 31, 2017
   
216,793
    $
3.69
 
Granted
   
196,800
     
9.30
 
Vested
   
(150,739
)    
4.48
 
Forfeitures
   
(20,522
)    
7.27
 
Unvested at December 31, 2018
  $
242,332
    $
7.45
 
Schedule of Share-based Compensation, Shares Authorized under Stock Option Plans, by Exercise Price Range [Table Text Block]
       
Outstanding, Vested and Expected to Vest
   
Options Vested and Exercisable
 
Per Share Exercise
Price
 
Shares
   
Weighted
Average
Remaining
Contractual
Life (Years)
   
Weighted
Average
Exercise Price
(CAD$)
   
Options
Exercisable
   
Weighted
Average
Remaining
Contractual
Life (Years)
 
$2.00
-
$2.60
   
50,000
     
6.8
    $
2.00
     
50,000
     
6.8
 
$2.80
-
$3.20
   
125,400
     
6.9
     
3.00
     
125,400
     
6.9
 
$3.40
-
$5.20
   
130,405
     
8.0
     
5.12
     
91,239
     
8.0
 
$5.40
-
$10.20
   
98,063
     
8.5
     
6.39
     
50,563
     
8.5
 
$10.40
-
$34.00
   
235,491
     
8.2
     
13.86
     
79,825
     
5.9
 
 
 
 
   
639,359
     
7.8
    $
7.87
     
397,027
     
7.1
 
Schedule of Share-based Payment Award, Stock Options, Valuation Assumptions [Table Text Block]
   
2018
   
2017
 
Common share fair value  
$8.84
-
$9.33
   
$5.20
-
$8.40
 
Risk-free interest rate
 
 2.1
2.2%
   
 
1.1%
 
 
Expected dividend yield
 
 
0%
 
   
 
0%
 
 
Expected option life
 
 4.8
5.0
   
 
4.5
 
 
Expected stock price volatility
 
 123.5
135.7%
   
 84.7
156.8%