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

Feb-2023

Warrant Liability Activity

Warrants

December 31, 2024

2,529

Warrants exercised

(115)

Warrant liability revaluation loss (gain)

6,666

Effects of foreign exchange rate changes

(69)

September 30, 2025

9,011

Schedule of fair value of warrant

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

Feb-2023

Warrant Liability Assumptions

Warrants

Expected forfeiture rate

—%

Expected life (years)

0.4

Expected volatility rate

71.6%

Risk free rate

2.5%

Expected dividend rate

—%

Exercise price

$ 1.50

Market price

$ 1.79