Quarterly report [Sections 13 or 15(d)]

Note 11 - Warrant Liability (Tables)

v3.25.2
Note 11 - Warrant Liability (Tables)
6 Months Ended
Jun. 30, 2025
Notes Tables  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
   

As of June 30, 2025

   

As of December 31, 2024

 

Expected life of the options to convert

    4.47       4.97  

Risk-free rate

    3.69 %     4.29 %

Historical volatility

    92.05 %     96.71 %

Valuation date stock price

  $ 4.85     $ 25.20  

Strike price

 

$19.30/$19.20

   

$19.30/$19.20

 

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

    (1,327 )

Fair value as of June 30, 2025

  $ 166