Aylmer Follows IFRS

On January 1, 2021, the shareholders of Aylmer approved a plan that grants options to the companys executives to purchase 10,000 of the companys common shares each. The options are granted on January 1, 2021 and may be exercised at any time after December 31, 2023. The exercise price per share is $32. Based on an options pricing model, the total compensation expense will be $165,000. At December 31, 2021, the market price is $18 per share.

2020 Trial Balance Figures

Preferred Shares				$500,000
Common Stock				$1,000,000
Common Stock Subscribed				$0