| Schedule of Restricted Share Awards and Warrants Activity |
A summary of the activity related to the restricted share awards, is presented below: | | | | | | | | | | | | | | Total RSA's | | Weighted-average
grant date
fair value | | | | $ | | Unvested at, December 31, 2023 | 909,877 | | 10.85 | | | Granted | 213,600 | | 2.95 | | | Forfeited | — | | — | | | Vested | (247,098) | | 9.70 | | | Unvested at June 30, 2024 | 876,379 | | 9.32 | | | Unvested at December 31, 2024 | 640,329 | | 7.08 | | | Granted | 238,905 | | 2.42 | | | Forfeited | (90,923) | | 3.44 | | | Vested | (234,371) | | 6.40 | | | Unvested at June 30, 2025 | 553,940 | | 5.96 | |
A summary of warrants activity during the six months ended June 30, 2025 and 2024 is presented below: | | | | | | | | | | | | | | | | | | | | | | | | | Weighted-average
exercise
price | | Number of
warrants | | Weighted-average
remaining life
(in years) | | Aggregate intrinsic value | | $ | | | | | | $’000 | | Outstanding, December 31, 2023 | 19.69 | | | 1,737,989 | | 2.61 | | — | | | Granted | — | | | — | | N/A | | — | | | Exercised | — | | | — | | N/A | | — | | | Forfeited | 29.10 | | | (135,814) | | N/A | | — | | | Outstanding, June 30, 2024 | 18.90 | | | 1,602,175 | | 2.31 | | — | | | Exercisable, June 30, 2024 | 18.90 | | | 1,602,175 | | 2.31 | | — | | | Outstanding, December 31, 2024 | 18.62 | | | 1,593,020 | | 1.82 | | — | | | Granted | — | | | — | | N/A | | — | | | Exercised | — | | | — | | N/A | | — | | | Forfeited | 60.00 | | | (12,321) | | N/A | | — | | | Outstanding, June 30, 2025 | 18.30 | | | 1,580,699 | | 1.34 | | — | | | Exercisable, June 30, 2025 | 18.30 | | | 1,580,699 | | 1.34 | | — | |
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| Schedule of Option Activity |
A summary of option activity is presented below: | | | | | | | | | | | | | | | | | | | | | | | | | Weighted-average
exercise
price | | Number of
options | | Weighted-average
remaining life
(in years) | | Aggregate intrinsic value | | $ | | | | | | $’000 | | Outstanding, December 31, 2023 | 10.90 | | | 82,750 | | 4.26 | | — | | | Granted | — | | | — | | N/A | | — | | | Exercised | — | | | — | | N/A | | — | | | Forfeited | 15.10 | | | (1,500) | | N/A | | — | | | Outstanding, June 30, 2024 | 10.90 | | | 81,250 | | 3.67 | | — | | | | | | | | | | | Exercisable and vested, June 30, 2024 | 9.80 | | | 28,812 | | 3.55 | | — | | | Outstanding, December 31, 2024 | 10.84 | | | 81,250 | | 4.26 | | — | | | Granted | — | | | — | | N/A | | — | | | Exercised | — | | | — | | N/A | | — | | | Forfeited | 10.94 | | | (20,000) | | N/A | | — | | | Outstanding, June 30, 2025 | 10.80 | | | 61,250 | | 2.57 | | — | | | | | | | | | | | Exercisable and vested, June 30, 2025 | 10.15 | | | 33,927 | | | 2.50 | | — | |
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