Convertible Promissory Notes |
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| Convertible Promissory Notes | 12. Convertible Promissory Notes Interest amounting to $10 was accrued for the nine months ended September 30, 2025 (September 30, 2024: $9). Principal amount outstanding as of September 30, 2025 and December 31, 2024 was $480. At both reporting dates, the entire balance was current. All notes maturing prior to the date of this report are outstanding. Derivative liability During the nine months ended September 30, 2025, there were no conversion of principal balance of convertible promissory notes (September 30, 2024: $nil). The Company recorded and fair valued the derivative liability as follows:
Key assumptions used for the valuation of convertible notes Derivative element of the convertible notes was fair valued using a multinomial lattice model. Following assumptions were used to fair value these notes as of September 30, 2025:
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