Convertible Promissory Notes |
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| Convertible Promissory Notes | 16. Convertible Promissory Notes Interest amounting to $38 was accrued for the year ended December 31, 2025 (December 31, 2024: $38). Principal amount outstanding as of December 31, 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 year ended December 31, 2025, there were no conversion of principal balance of convertible promissory notes (2024: $nil), respectively. The Company recorded and fair valued the derivative liability as follows:
Key assumptions used for the valuation of convertible notes The derivative element of the convertible notes was fair valued using the multinomial lattice model. Following assumptions were used to fair value these notes as of December 31, 2025:
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