Quarterly report [Sections 13 or 15(d)]

Warrant Liability (Tables)

v3.25.3
Warrant Liability (Tables)
9 Months Ended
Sep. 30, 2025
Warrant Liability  
Schedule of warrant liabilities

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Feb-2023

Warrant Liability Activity

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Warrants

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December 31, 2024

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2,529

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Warrants exercised

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(115)

Warrant liability revaluation loss (gain)

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6,666

Effects of foreign exchange rate changes

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(69)

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September 30, 2025

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9,011

Schedule of fair value of warrant

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The fair value of the warrant liabilities on September 30, 2025, was determined using the Black-Scholes model with the following assumptions:

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Feb-2023

Warrant Liability Assumptions

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Warrants

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Expected forfeiture rate

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—%

Expected life (years)

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0.4

Expected volatility rate

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71.6%

Risk free rate

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2.5%

Expected dividend rate

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—%

Exercise price

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$ 1.50

Market price

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$ 1.79

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