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

Note 12 - Warrant Liability (Tables)

v3.25.1
Note 12 - Warrant Liability (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
   

As of December 19, 2024

   

As of December 31, 2024

 

Expected life of the options to convert

    5       4.97  

Risk-free rate

    4.34 %     4.29 %

Historical volatility

    99.13 %     96.71 %

Valuation date stock price

    1.75       2.52  

Strike price

 

$1.93/$1.92

   

$1.93/$1.92

 

Probability of completing a change in control

    30 %     20 %

Volatility if change in control occurs

    100 %     100 %

Dividend yield

    0 %     0 %
Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]
   

Warrant liability

 

Fair value as of January 1, 2024

  $  

Initial measurement on December 19, 2024

    986  

Change in fair value of warrant liabilities

    507  

Fair value as of December 31, 2024

  $ 1,493