Events After The Reporting Date (Tables)
|
12 Months Ended |
Dec. 31, 2018 |
|---|
| Statement [LineItems] |
|
| Summary of Options are Granted to Directors, Officers, Employees and Consultants |
Options are granted to Directors, Officers,
Employees and Consultants at various times. Options are to be
settled by physical delivery of shares.
|
|
|
|
|
|
|
|
|
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Grant date/Person entitled
|
|
Number
of Options |
|
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Vesting Conditions
|
|
Contractual life
of Options
|
|
January 17, 2017, option grants to
Employees
|
|
|
277,519 |
|
|
Vest as to 1⁄4 of the total number of Options
granted, every year from Option Date
|
|
7 years |
|
|
|
|
|
February 7, 2017 option grants to
Employees
|
|
|
16,667 |
|
|
Vest as to 1/4 of the total number of Options
granted, every year from Option Date
|
|
7 years |
|
|
|
|
|
April 17, 2017, option grants to Employees
|
|
|
50,000 |
|
|
Vest as to 1/4 of the total number of Options
granted, every year from Option Date
|
|
7 years |
|
|
|
|
|
September 7, 2017, options granted to
Consultants
|
|
|
6,667 |
|
|
Half vest in 3 months and the remaining half in 6
months
|
|
3 years |
|
|
|
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September 7, 2017, options granted to
Directors
|
|
|
12,269 |
|
|
immediately
|
|
7 years |
|
|
|
|
|
September 15,2017, options granted to
Consultants
|
|
|
3,040 |
|
|
immediately
|
|
3 years |
|
|
|
|
|
October 6, 2017, options granted to
Consultants
|
|
|
1,105 |
|
|
immediately
|
|
3 years |
|
|
|
|
|
November 8, 2017 option grants to
Employees
|
|
|
18,950 |
|
|
Vest as to 1/4 of the total number of Options
granted, every year from Option Date
|
|
7 years |
|
|
|
|
|
December 4, 2017, options granted to
Consultants
|
|
|
1,948 |
|
|
immediately
|
|
3 years |
|
|
|
|
|
December 4, 2017, options granted to
Consultants
|
|
|
6,667 |
|
|
Half vest immediately and the remaining half in 12
months
|
|
3 years |
|
|
|
|
|
January 19, 2018 option grants to
Employees
|
|
|
273,948 |
|
|
Options will vest the earlier of commercialization
or 3 years from grant date
|
|
7 years |
|
|
|
|
|
July 6, 2018, options granted to Directors
|
|
|
17,071 |
|
|
immediately
|
|
7 years |
|
|
|
|
|
August 29, 2018, options granted to
Directors
|
|
|
31,498 |
|
|
immediately
|
|
7 years |
|
|
|
|
|
December 18, 2018, options granted to
Consultants
|
|
|
50,349 |
|
|
immediately
|
|
3 years |
|
| Events After Reporting Period [member] |
|
| Statement [LineItems] |
|
| Summary of Options are Granted to Directors, Officers, Employees and Consultants |
Options and the terms of each issue for the period
from January 1, 2019 to date are outlined below.
|
|
|
|
|
|
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|
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|
Grant date/ Recipient
|
|
Number
of Options |
|
|
Vesting Conditions
|
|
Contractual Life
of Options
|
|
February 14, 2019, options granted to a
Consultant
|
|
|
40,000 |
|
|
Options may vest over a 15-month vesting schedule
|
|
Cancelled |
|
|
|
|
|
May 29, 2019, options granted to a
Director
|
|
|
253,000 |
|
|
Options vest over a specified vesting period not
exceeding 4 years
|
|
7 years |
|
|
|
|
|
June 28, 2019, options granted to an
Employee
|
|
|
10,000 |
|
|
Options vest as to 1/3 of the total number of
Options granted, every year from Grant Date
|
|
7 years |
|
|
|
|
|
July 18, 2019, options granted to a
Director
|
|
|
25,719 |
|
|
Options vest immediately
|
|
7 years |
|
|
|
|
|
July 19, 2019, options granted to an
Employee
|
|
|
467,255 |
|
|
Options vest as to 1/4 of the total number of
Options granted, every year from Grant Date
|
|
7 years |
|
|
|
|
|
July 19, 2019, options granted to a
Consultant
|
|
|
2,165 |
|
|
Options vest as to 1/3 of the total number of
Options granted, every year from Grant Date
|
|
7 years |
|
|
|
|
|
July 19, 2019, options granted to a
Director
|
|
|
41,273 |
|
|
Options vest immediately
|
|
7 years |
|
|
|
|
|
September 9, 2019, options granted to a
Consultant
|
|
|
40,000 |
|
|
Options vest over a 15-month vesting schedule subject to
achieving certain milestones.
|
|
2.5 years |
|
| Summary of shares sold under share purchase agreement |
In the first quarter of 2020, Titan sold Common
Shares to Aspire pursuant to the Aspire Agreement as outlined in
the following table:
|
|
|
|
|
|
|
|
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Grant Date
|
|
Common
shares issued |
|
|
Value |
|
|
January 3, 2020
|
|
|
500,000 |
|
|
$ |
219,600 |
|
|
January 6, 2020
|
|
|
500,000 |
|
|
|
229,300 |
|
|
January 8, 2020
|
|
|
400,000 |
|
|
|
195,160 |
|
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January 10, 2020
|
|
|
500,000 |
|
|
|
247,550 |
|
|
January 17, 2020
|
|
|
600,000 |
|
|
|
303,000 |
|
|
January 23, 2020
|
|
|
600,000 |
|
|
|
295,320 |
|
|
February 6, 2020
|
|
|
600,000 |
|
|
|
282,000 |
|
|
February 13, 2020
|
|
|
708,048 |
|
|
|
300,000 |
|
|
|
|
|
|
|
|
|
|
|
|
|
4,408,048 |
|
|
$ |
2,071,930 |
|
|
|
|
|
|
|
|
|
|
. Subsequent to August 29, 2019 and subject to
the First Aspire Agreement, the Company issued Common Shares to
Aspire as outlined in the following table:
|
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|
|
|
|
|
|
|
Grant Date
|
|
Common
shares issued |
|
|
Value |
|
|
August 30, 2019
|
|
|
2,417,162 |
|
|
$ |
3,000,000 |
|
|
November 8, 2019
|
|
|
100,000 |
|
|
|
42,560 |
|
|
November 8, 2019
|
|
|
100,000 |
|
|
|
42,560 |
|
|
November 12, 2019
|
|
|
100,000 |
|
|
|
42,970 |
|
|
November 12, 2019
|
|
|
100,000 |
|
|
|
42,000 |
|
|
November 13, 2019
|
|
|
100,000 |
|
|
|
42,970 |
|
|
November 14, 2019
|
|
|
300,000 |
|
|
|
128,910 |
|
|
November 15, 2019
|
|
|
2,500,000 |
|
|
|
1,074,250 |
|
|
November 19, 2019
|
|
|
2,067,282 |
|
|
|
888,311 |
|
|
|
|
|
|
|
|
|
|
|
|
|
7,784,444 |
|
|
$ |
5,304,531 |
|
|
|
|
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