v3.26.1
Warrant liabilities (Tables)
12 Months Ended
Dec. 31, 2025
Warrant Liabilities  
Schedule of changes in the balance of the warrant liabilities

Changes in the balance of the warrant liabilities for the year ended December 31, 2025 and 2024 are summarized as follows:

 

   December 31, 2025   December 31, 2024 
Balance, beginning of year  $5,154   $958 
CDI options issued   2,500    2,164 
CDI options exercised   (31,251)   - 
CDI options reclassified to equity   (3,802)   - 
Fair value revaluation on exercise of CDI options   8,336    - 
Fair value revaluation on amendment of exercise price   (36,828)   - 
Fair value revaluation on CDI options at end of year   57,829    2,032 
Balance, end of year  $1,938   $5,154 
Schedule of fair value of the warrants outstanding was weighted average assumptions

The fair value of the warrants outstanding was estimated using the Black-Scholes Option Pricing Model with the following weighted average assumptions:

 

   December 31, 2025   December 31, 2024 
Stock price  $12.07   $0.91 
Exercise price  $1.72   $0.72 
Expected life   2.07 yrs    1.99 yrs 
Risk-free interest rate   2.58%   2.93%
Expected volatility   89.07%   53.23%
Expected dividends   nil    nil