v3.26.1
Stock-Based Compensation (Tables)
3 Months Ended
Mar. 31, 2026
Stock-Based Compensation  
Schedule of weighted average valuation assumptions for stock options

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March 31,

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March 31,

 

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  ​ ​ ​

2026

  ​ ​ ​

2025

 

Risk-Free Interest Rate

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N/A

​

4.53

%

Weighted Average Exercise Price

​

N/A

$

0.49

​

Weighted Average Stock Price

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N/A

$

0.49

​

Expected Life of Options (years)

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N/A

​

7.00

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Expected Annualized Volatility

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N/A

​

100.00

%

Grant Fair Value

​

N/A

$

0.41

​

Expected Forfeiture Rate

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N/A

 

N/A

​

Expected Dividend Yield

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N/A

 

N/A

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Schedule of stock option activity

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Weighted Average  

  ​ ​ ​

Weighted Avg. 

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​

Number of Options

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Exercise Price

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Remaining Life

Balance, December 31, 2024

 

31,232,633

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$

0.43

 

5.45

Forfeitures

 

(2,955,723)

​

 

0.26

 

—

Exercised

 

(723,165)

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0.17

 

—

Granted

 

7,159,156

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0.62

 

—

Options Outstanding at December 31, 2025

 

34,712,901

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$

0.48

 

5.76

Forfeitures

 

(83,009)

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0.47

 

—

Options Outstanding at March 31, 2026

 

34,629,892

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$

0.48

 

5.52

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Options Exercisable at March 31, 2026

 

26,355,637

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$

0.45

 

4.28

Summary of warrants outstanding

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Number of 

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Weighted Average 

  ​ ​ ​

Weighted Average 

SVS Warrants

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Warrants

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Exercise Price

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Remaining Life

Warrants outstanding at December 31, 2024

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15,919,563

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$

0.22

 

3.56

Expired

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(150,000)

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1.49

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—

Exercised

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(265,626)

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​

0.15

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—

Warrants outstanding at December 31, 2025, and March 31, 2026

 

15,503,937

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$

0.22

 

2.36

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Warrants exercisable at March 31, 2026

 

15,503,937

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$

0.22

 

2.36

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Number of 

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Weighted Average 

  ​ ​ ​

Weighted Average 

SVS Warrants Denominated in C$

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Warrants

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Exercise Price

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Remaining Life

Warrants outstanding at December 31, 2024 and 2025

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3,037,649

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$

3.50

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0.23

Expired

 

(3,037,649)

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—

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—

Warrants outstanding at March 31, 2026

 

—

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$

—

 

—

Summary of RSU activity

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Weighted Avg.

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Number of Shares

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Fair Value

Balance, December 31, 2024

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11,327,530

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$

0.40

Granted

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71,109,925

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​

0.42

Settled

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(22,805,897)

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​

0.49

Forfeitures

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(66,341)

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1.81

Balance, December 31, 2025, and March 31, 2026

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59,565,217

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$

0.38

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Vested at March 31, 2026

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4,401,065

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$

0.43

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