Quarterly report pursuant to Section 13 or 15(d)

Stock Options (Tables)

v3.20.2
Stock Options (Tables)
6 Months Ended
Sep. 30, 2020
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, 2019     3,452,500       1.41       2.3       5,481,125  
                                 
Granted     75,000       1.99                  
Forfeited     (150,000 )     0.63                  
Balance, March 31, 2020     3,377,500       1.46       1.49       6,045,000  
                                 
Exercised     (175,000 )     0.01                  
                                 
Balance, September 30, 2020     3,202,500       1.54       1.13        
Schedule of additional information regarding stock options outstanding
Exercisable  
Number of shares     Weighted
average
remaining
contractual life
(years)
    Range of
Exercise price
$
 
  312,500       0.92       0.01  
  2,865,000       1.14       1.70  
  25,000       1.79       2.26  
                     
  3,202,500                  
Summary of fair values estimated using the black-scholes option pricing model
    Three months ended
September 30,
2020
    Three months ended
September 30,
2019
 
Risk-free interest rate     2.13 %     1.94 %
Expected life (in years)     3.0       2.5  
Expected volatility     169 %     110 %