Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.19.3.a.u2
Stock Options (Tables)
9 Months Ended
Dec. 31, 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     (150,000 )     0.63                  
                                 
Balance, December 31, 2019     3,352,500       1.45       1.7       5,014,500  
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
$
 
                           
  487,500       0.7       0.01                  
  2,865,000       1.9       1.70              
                                 
  3,352,500                              
Summary of fair values estimated using the black-scholes option pricing model
    Three Months ended
June 30,
2019
    Three Months ended September 30,
2019
    Three Months ended December 31,
2019
 
                   
Risk-free interest rate     2.48 %     1.94 %     1.55 %
Expected life (in years)     2.5       2.5       0.8  
Expected volatility     190 %     110 %     108 %