Annual report [Section 13 and 15(d), not S-K Item 405]

Warrant Liability (Tables)

v3.25.4
Warrant Liability (Tables)
12 Months Ended
Dec. 31, 2025
Warrant Liability  
Schedule of warrant liabilities

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Feb-2021

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Feb-2023

Warrant Liability Activity

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Warrants

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Warrants

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December 31, 2023

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1,743

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11,549

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Warrants exercised

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(4,771)

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(20)

Warrant liability revaluation loss (gain)

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3,072

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(8,392)

Effects of foreign exchange rate changes

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(44)

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(608)

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December 31, 2024

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—

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2,529

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Warrants exercised

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—

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(155)

Warrant liability revaluation loss (gain)

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—

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(738)

Effects of foreign exchange rate changes

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—

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(95)

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December 31, 2025

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—

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1,541

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Schedule of fair value of warrant

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Warrant Liability Assumptions

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December 31, 2025

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December 31, 2024

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Expected life (years)

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0.1

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1.1

Expected volatility rate

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58.2%

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46.1%

Risk free rate

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2.6%

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2.9%

Expected dividend rate

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—%

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0.0%

Exercise price

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$ 1.50

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$1.50

Market price

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$ 1.39

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$1.15

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