v3.25.2
Note 6 - Financial Instruments and Risk Management (Tables)
6 Months Ended
Jun. 30, 2025
Statement Line Items [Line Items]  
Disclosure of fair value measurement of liabilities [text block]
   

June 30, 2025

 
   

Level 1

   

Level 2

   

Level 3

 
   

(USD in thousands)

 

Financial liabilities measured at fair value

                       

2025 Investor Warrants

  $     $     $ 1,131  

Total financial liabilities measured at fair value through profit or loss by level

  $     $     $ 1,131  

Financial liabilities measured at amortized cost

                       

EIB Loan

  $     $     $ 8,866  

Loan from lessor

                826  

Total financial liabilities measured at amortized cost by level

  $     $     $ 9,693  
   

December 31, 2024

 
   

Level 1

   

Level 2

   

Level 3

 
   

(USD in thousands)

 

Financial liabilities measured at amortized cost

                       

EIB Loan

  $     $     $ 8,143  

Loan from lessor

                815  

Total financial liabilities measured at amortized cost by level

  $     $     $ 8,958  
Disclosure of financial liabilities [text block]
   

Derivative Liability

 
   

(USD in thousands)

 

Carrying amount at January 1, 2025

  $  

Initial recognition of derivative liability

    3,929  

Remeasurement of derivative liability

    (1,916 )

Exercise of warrants

    (93 )

Reclassification of derivative liability

    (789 )

Carrying amount at June 30, 2025

  $ 1,131  
   

Warrant Liability

 
   

(USD in thousands)

 

Carrying amount at January 1, 2024

  $ 190  

Remeasurement of warrant liability

    (138 )

Foreign currency translation

    (4 )

Carrying amount at June 30, 2024

  $ 48