Quarterly report [Sections 13 or 15(d)]

Conversion Option Derivative (Tables)

v3.26.3
Conversion Option Derivative (Tables)
9 Months Ended
Sep. 30, 2026
Conversion Option Derivative  
Schedule of valuation of conversion option derivative

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Conversion Option Derivative Fair Value Model Assumptions

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September 30, 2026

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December 31, 2025

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Expected life (years)

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4.3

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5.0

Volatility

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60.0%

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60.0%

Risk free rate

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5.0%

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3.7%

Expected dividend rate

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—%

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—%

Exercise price

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$ 1.73

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$ 1.73

Market price

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$ 1.08

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$ 1.39

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