Quarterly report [Sections 13 or 15(d)]

Note 11 - Capitalization and Equity Structure (Tables)

v3.26.1
Note 11 - Capitalization and Equity Structure (Tables)
3 Months Ended
Mar. 31, 2026
Notes Tables  
Temporary Equity [Table Text Block]

January 2026 Private Placement Issuance date (January 22, 2026)

  $ 3,274  

Accretion of carrying value to redemption value

    376  

Carrying value at March 31, 2026

  $ 3,650  
Schedule of Stockholders' Equity Note, Warrants or Rights [Table Text Block]
                                                     

Source

 

Exercise Price

   

Remaining term (Years)

   

December 31, 2025

   

Issued

   

Expired

   

Exercised

   

March 31, 2026

 

January 2026 Placement Agent Warrant

  $ 8.22       5.3             14                   14  

January 2026 Private Placement Warrants

  $ 8.22       5.3             356                   356  

October 2025 Placement Agent Warrant

  $ 4.81       4.6       15                         15  

March 2025 Inducement Warrant *

  $ 6.36       4.0       700                         700  

September 2024 Series A Warrants

  $ 15.00       3.4       73                         73  

2021 Warrants

  $ 192.19             18             (18 )            
                      806       370       (18 )           1,158  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
   

March 31, 2026

   

January 20, 2026

 

Current share price

  $ 10.65     $ 8.22  

Exercise price

  $ 8.22     $ 8.22  

Risk-free interest rate

    3.94 %     3.90 %

Expected term (years)

    5.31       5.50  

Volatility of stock

    80.0 %     85.0 %
   

March 31, 2026

   

January 20, 2026

 

Current share price

  $ 10.65     $ 8.22  

Exercise price

  $ 8.22     $ 8.22  

Risk-free interest rate

    3.94 %     3.90 %

Expected term (years)

    5.31       5.50  

Volatility of stock

    80.0 %     85.0 %
   

March 31, 2026

   

December 31, 2025

 

Current share price

    N/A     $ 8.64  

Conversion price

    N/A     $ 192.19  

Risk-free interest rate

    N/A       3.73 %

Expected term (years)

          0.11  

Volatility of stock

    N/A       211.0 %