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

Note 11 - Warrant Liability (Tables)

v3.26.1
Note 11 - Warrant Liability (Tables)
12 Months Ended
Dec. 31, 2025
Notes Tables  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
   

As of December 31, 2025

   

As of December 31, 2024

 

Expected life of the options to convert

    3.97       4.97  

Risk-free rate

    3.58 %     4.29 %

Historical volatility

    123.69 %     96.71 %

Valuation date stock price

  $ 4.80     $ 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

    (1,266 )

Fair value as of December 31, 2025

  $ 227