Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.19.3
Stock Options (Tables)
6 Months Ended
Sep. 30, 2019
Share-based Payment Arrangement [Abstract]  
Schedule of continuity of stock options
    Number of
options
    Weighted average exercise price
$
    Weighted average remaining contractual life (years)     Aggregate intrinsic value
$
 
                         
Balance, March 31, 2018     537,500       0.01       0.7       478,375  
                                 
Granted     3,065,000       1.59                  
Exercised     (150,000 )     0.01                  
Balance, March 31, 2019     3,452,500       1.41       2.3       5,481,125  
                                 
Granted     50,000       1.86       2.5          
Forfeited     (100,000 )     0.01       2.0          
                                 
Balance, September 30, 2019     3,402,500       1.46       1.9       6,259,875  
Schedule of additional information regarding stock options outstanding
Exercisable     Unvested        
Number of shares    

Weighted

average

remaining

contractual

life (years)

    Range of
Exercise price
$
    Number of shares    

Weighted

Average

Exercise price
$

 
                           
  437,500       0.7       0.01                  
  2,915,000       2.7       1.70       50,000       1.86  
                                     
  3,352,500                       50,000          
Summary of fair values estimated using the black-scholes option pricing model
    Three Months ended
June 30,
 2019
    Three months ended
September 30,
2019
 
             
Risk-free interest rate     2.48 %     1.94 %
Expected life (in years)     2.5       2.5  
Expected volatility     190 %     110 %