Annual report [Section 13 and 15(d), not S-K Item 405]

Warrant Liability (Tables)

v3.25.1
Warrant Liability (Tables)
12 Months Ended
Dec. 31, 2024
Warrant Liability  
Schedule of warrant liabilities

    

Feb.

    

Feb.

    

2021

2023

Warrant Liability Activity

Warrants

Warrants

Total

December 31, 2022

 

2,382

 

 

2,382

Warrants issued

 

 

9,109

 

9,109

Warrants exercised

 

(55)

 

(3)

 

(58)

Mark to market revaluation gain

 

(626)

 

2,212

 

1,586

Effects for foreign exchange rate changes

 

42

 

231

 

273

December 31, 2023

 

1,743

 

11,549

 

13,292

Warrants exercised

 

(4,771)

 

(20)

 

(4,791)

Mark to market revaluation loss (gain)

 

3,072

 

(8,392)

 

(5,320)

Effects for foreign exchange rate changes

 

(44)

 

(608)

 

(652)

December 31, 2024

 

 

2,529

 

2,529

The duration of the outstanding warrants as of December 31, 2024 are presented in the following table:

    

February 2023

    

Warrant Liability Duration

Warrants

Total

Current portion of warrant liability

 

 

Long-term warrant liability

 

2,529

 

2,529

 

2,529

 

2,529

Schedule of fair value of warrant

2024

2023

    

February

February

February

2023

2021

2023

Black-Scholes Assumptions

Warrants

Warrants

Warrants

Expected forfeiture rate

 

%

%  

%

Expected life (years)

 

1.1

0.1

 

2.1

Expected volatility

 

46.1

%

45.8

%  

61.6

%

Risk free rate

 

2.9

%

3.8

%  

3.8

%

Expected dividend rate

 

%

%  

%

Exercise price

$

1.50

$

1.35

$

$1.50

Market price

$

1.15

$

1.54

$

$1.54