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

Feb-2021

Feb-2023

Warrant Liability Activity

Warrants

Warrants

December 31, 2023

1,743

11,549

Warrants exercised

(4,771)

(20)

Warrant liability revaluation loss (gain)

3,072

(8,392)

Effects of foreign exchange rate changes

(44)

(608)

December 31, 2024

2,529

Warrants exercised

(155)

Warrant liability revaluation loss (gain)

(738)

Effects of foreign exchange rate changes

(95)

December 31, 2025

1,541

Schedule of fair value of warrant

Warrant Liability Assumptions

December 31, 2025

December 31, 2024

Expected life (years)

0.1

1.1

Expected volatility rate

58.2%

46.1%

Risk free rate

2.6%

2.9%

Expected dividend rate

—%

0.0%

Exercise price

$ 1.50

$1.50

Market price

$ 1.39

$1.15