Shareholders' Equity and Capital Stock (Tables)
|
3 Months Ended |
Mar. 31, 2025 |
|---|
| Shareholders' Equity and Capital Stock |
|
| Schedule Of activity with respect to stock options |
|
|
|
|
|
|
|
Outstanding |
|
Weighted-average |
|
|
Options |
|
Exercise Price |
Stock Option Activity |
|
# |
|
$ |
|
|
|
|
|
December 31, 2024 |
|
8,594,492 |
|
1.00 |
|
|
|
|
|
Exercised |
|
(464,807) |
|
0.44 |
|
|
|
|
|
March 31, 2025 |
|
8,129,685 |
|
1.04 |
|
| Schedule of outstanding stock options |
As of March 31, 2025, outstanding stock options are as follows (expressed in U.S. dollars):
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
Options Outstanding |
|
Options Exercisable |
|
|
Weighted- |
|
|
|
Weighted- |
|
|
|
|
|
Weighted- |
|
|
|
|
average |
|
|
|
average |
|
Aggregate |
|
|
|
average |
|
Aggregate |
|
|
exercise |
|
Number |
|
remaining |
|
intrinsic |
|
Number |
|
remaining |
|
intrinsic |
|
|
Price |
|
of options |
|
contractual |
|
value |
|
of options |
|
contractual |
|
value |
|
|
$ |
|
# |
|
life (years) |
|
$ |
|
# |
|
life (years) |
|
$ |
|
Expiry |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
0.44 |
|
2,051,482 |
|
0.6 |
|
476,122 |
|
2,051,482 |
|
0.6 |
|
476,122 |
|
2025-11-13 |
1.00 |
|
1,244,100 |
|
1.4 |
|
— |
|
1,244,100 |
|
1.4 |
|
— |
|
2026-08-27 |
1.55 |
|
175,000 |
|
2.0 |
|
— |
|
175,000 |
|
2.0 |
|
— |
|
2027-03-14 |
1.08 |
|
1,188,962 |
|
2.8 |
|
— |
|
809,963 |
|
2.8 |
|
— |
|
2028-01-04 |
1.43 |
|
1,053,639 |
|
3.7 |
|
— |
|
351,213 |
|
3.7 |
|
— |
|
2028-12-07 |
1.71 |
|
500,000 |
|
4.1 |
|
— |
|
— |
|
— |
|
— |
|
2029-05-08 |
1.23 |
|
1,916,502 |
|
4.7 |
|
— |
|
— |
|
— |
|
— |
|
2029-12-12 |
|
|
|
|
|
|
|
|
|
|
|
|
|
|
|
1.04 |
|
8,129,685 |
|
2.7 |
|
476,122 |
|
4,631,758 |
|
1.5 |
|
476,122 |
|
|
|
| Summary of activity with respect to liability-classified stock options outstanding |
|
|
|
Liability-classified Stock Option Activity |
|
Total |
|
|
|
December 31, 2024 |
|
1,758 |
|
|
|
Stock compensation expense as adjusted |
|
199 |
Options exercised |
|
(327) |
Foreign exchange adjustments |
|
21 |
Increase (decrease) in liability due to fair value recalculations |
|
(1,167) |
|
|
|
March 31, 2025 |
|
484 |
|
| Schedule of fair value assumptions |
|
|
|
Black-Scholes assumptions as at |
|
As at March 31, 2025 |
|
|
|
Expected forfeiture rate |
|
—% |
Expected life (years) |
|
0.1 - 4.7 |
Expected volatility rate |
|
46.9% - 65.0% |
Risk free rate |
|
2.4% - 2.9% |
Expected dividend rate |
|
—% |
Exercise price (CAD$) |
|
$0.63 - $2.46 |
Market price (CAD$) |
|
$0.97 |
|
| Schedule of activity with respect to RSUs outstanding |
|
|
|
|
|
|
|
|
|
Weighted-average |
|
|
Outstanding |
|
grant date |
|
|
RSUs |
|
fair value |
Restricted Share Unit Activity |
|
# |
|
$ |
|
|
|
|
|
December 31, 2024 |
|
1,069,645 |
|
1.29 |
|
|
|
|
|
Redeemed |
|
(307,067) |
|
1.15 |
|
|
|
|
|
March 31, 2025 |
|
762,578 |
|
1.35 |
|
| Schedule Of Schedule Of Restricted Share Unit Outstanding |
As of March 31, 2025, outstanding RSUs were as follows (expressed in U.S. dollars):
|
|
|
|
|
|
|
RSUs Outstanding |
|
|
Weighted- |
|
|
|
|
|
|
Average |
|
Aggregate |
|
|
Number |
|
Remaining |
|
Fair |
|
|
of RSUs |
|
contractual |
|
Value |
|
Vesting |
# |
|
life (years) |
|
$ |
|
Date |
|
|
|
|
|
|
|
283,437 |
|
0.7 |
|
189,903 |
|
2025-12-07 |
479,141 |
|
1.7 |
|
321,024 |
|
2026-12-12 |
762,578 |
|
1.3 |
|
510,927 |
|
|
|
| Schedule Of warrant activity |
|
|
|
|
|
|
|
|
|
|
|
Number of |
|
Weighted- |
|
|
|
|
shares to |
|
Average |
|
|
Outstanding |
|
be issued |
|
exercise price |
|
|
Warrants |
|
upon exercise |
|
per common share |
Warrant Activity |
|
# |
|
# |
|
$ |
|
|
|
|
|
|
|
December 31, 2024 |
|
39,041,000 |
|
19,520,500 |
|
1.50 |
|
|
|
|
|
|
|
Exercised |
|
— |
|
— |
|
— |
|
|
|
|
|
|
|
March 31, 2025 |
|
39,041,000 |
|
19,520,500 |
|
1.50 |
|
| Schedule Of outstanding warrants |
As of March 31, 2025, outstanding warrants were as follows (expressed in U.S. dollars):
|
|
|
|
|
|
|
|
|
|
|
|
|
Weighted- |
|
|
|
|
|
|
|
|
average |
|
Aggregate |
|
|
Exercise |
|
Number |
|
remaining |
|
intrinsic |
|
|
price |
|
of warrants |
|
contractual |
|
value |
|
|
$ |
|
# |
|
life (years) |
|
$ |
|
Expiry |
|
|
|
|
|
|
|
|
|
1.50 |
|
39,041,000 |
|
0.9 |
|
— |
|
2026-02-21 |
1.50 |
|
39,041,000 |
|
0.9 |
|
— |
|
|
|