Quarterly report [Sections 13 or 15(d)]

Note 11 - Warrant Liability (Tables)

v3.25.1
Note 11 - Warrant Liability (Tables)
3 Months Ended
Mar. 31, 2025
Notes Tables  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
   

As of March 31, 2025

   

As of December 31, 2024

 

Expected life of the options to convert

    4.72       4.97  

Risk-free rate

    3.88 %     4.29 %

Historical volatility

    93.28 %     96.71 %

Valuation date stock price

    1.87       2.52  

Strike price

 

$1.93/$1.92

   

$1.93/$1.92

 

Probability of completing a change in control

    5 %     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 December 31, 2024

  $ 1,493  

Change in fair value of warrant liabilities

    (491 )

Fair value as of March 31, 2025

  $ 1,002