Convertible Promissory Notes |
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| Convertible Promissory Notes | 10. Convertible Promissory Notes Interest amounting to $10 was accrued for the six months ended June 30, 2026 (June 30, 2025: $9). Principal amount outstanding as of June 30, 2026 and December 31, 2025 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 six months ended June 30, 2026, there were no conversion of principal balance of convertible promissory notes (June 30, 2025: $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 June 30, 2026:
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- References No definition available.
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- Definition The entire disclosure for information about short-term and long-term debt arrangements, which includes amounts of borrowings under each line of credit, note payable, commercial paper issue, bonds indenture, debenture issue, own-share lending arrangements and any other contractual agreement to repay funds, and about the underlying arrangements, rationale for a classification as long-term, including repayment terms, interest rates, collateral provided, restrictions on use of assets and activities, whether or not in compliance with debt covenants, and other matters important to users of the financial statements, such as the effects of refinancing and noncompliance with debt covenants. Reference 1: http://www.xbrl.org/2003/role/disclosureRef
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