Quarterly report [Sections 13 or 15(d)]

Note 9 - Warrants (Tables)

v3.26.1
Note 9 - Warrants (Tables)
3 Months Ended
Mar. 31, 2026
Warrants and Rights Note Disclosure [Abstract]  
Summary of Warrant Activity

A summary of warrant activity during the three months ended March 31, 2026 is as follows:

 

 

Common shares
issuable upon
exercise

 

 

Weighted average exercise price

 

 

Weighted average remaining contractual life (years)

 

Outstanding as of December 31, 2025

 

 

1,267,585

 

 

$

22.40

 

 

 

3.3

 

Forfeited/expired

 

 

(128,500

)

 

 

34.50

 

 

 

 

Outstanding as of March 31, 2026

 

 

1,139,085

 

 

$

21.04

 

 

 

3.4

 

Exercisable as of March 31, 2026

 

 

1,139,085

 

 

$

21.04

 

 

 

3.4

 

 

Summary of Number of Outstanding Warrants by Exercise Price and Date of Expiration

The following table shows the number of outstanding warrants by exercise price and date of expiration as of March 31, 2026:

 

Shares Issuable Upon Exercise

 

Exercise Price

 

 

Expiration Date

 

 

 

 

 

 

 

 

18,084

 

 

$

64.13

 

 

January 30, 2028

 

188,174

 

 

$

51.30

 

 

January 30, 2029

 

77,972

 

 

$

51.30

 

 

January 31, 2029

 

6,423

 

 

$

43.13

 

 

June 3, 2029

 

128,500

 

 

$

34.50

 

 

September 5, 2029

 

666,599

 

 

$

6.00

 

 

November 25, 2029

 

53,333

 

 

$

8.25

 

 

November 25, 2029

 

1,139,085