v3.25.2
Stock-based compensation (Tables)
3 Months Ended
Jun. 30, 2025
Stock-based compensation [Abstract]  
Activities of 2024 Plan and Prior Plans
The following table summarizes information about activities within the 2024 Plan and Prior Plans for the three months ended June 30, 2025:
 
   
Number
of
Options
   
Weighted-average
Exercise Price
   
Remaining
Contractual Term
(years)
   
Aggregate Intrinsic
Value (in
thousands)
 
        $        $ 
Outstanding, March 31, 2025
 934,923   3.52   8.26   24 
Granted
 391,530   2.15         
Outstanding, June 30, 2025
 1,326,453   3.12   8.58   594 
Exercisable, June 30, 2025
 674,890   3.81   7.96   219 
Weighted-Average Assumptions of Options Granted
The weighted-average grant date fair value of awards for options granted during the three months ended June 30, 2025 was $1.78. The fair value of options granted was estimated using the Black-Scholes option pricing model, resulting in the following weighted-average assumptions for the options granted:
        
   
Three months ended
June 30, 2025
    
Three months ended
June 30, 2024
 
   
Weighted-average
    
Weighted-average
 
Exercise price
$2.15   $2.96 
Share price
$2.15   $2.96 
Dividend
      
Risk-free interest
 4.02%   4.43%
Estimated life (years)
 5.74    5.81 
Expected volatility
 109.43%   114.37%
Compensation Expense Recognized Under 2024 Plan
Compensation expense recognized under the 2024 Plan and the Prior Plan is summarized as follows:
 
 Three months ended  
   
June 30, 2025
   
June 30, 2024
 
    $    $ 
Research and development expenses
 69   65 
General and administrative expenses
 233   173 
   302   238