v3.26.1
Stock-Based Compensation (Tables)
12 Months Ended
Dec. 31, 2025
Stock-Based Compensation  
Schedule of weighted average valuation assumptions for stock options

  ​ ​ ​

December 31,

December 31,

 

  ​ ​ ​

2025

  ​ ​ ​

2024

 

Risk-Free Interest Rate

3.93%

%

3.89

%

Weighted Average Exercise Price

$

0.62

$

0.48

Weighted Average Stock Price

$

0.57

$

0.48

Expected Life of Options (years)

7.00

7.00

Expected Annualized Volatility

100.00

%

100.00

%

Grant Fair Value

$

0.47

$

0.39

Expected Forfeiture Rate

N/A

 

N/A

Expected Dividend Yield

N/A

 

N/A

Schedule of stock option activity

  ​ ​ ​

  ​ ​ ​

Weighted Average  

  ​ ​ ​

Weighted Avg. 

Number of Options

Exercise Price

Remaining Life

Balance, December 31, 2023

 

29,969,324

$

0.50

 

6.18

Forfeitures

 

(2,760,530)

 

1.29

 

Exercised

 

(50,000)

 

0.33

 

Granted

 

4,073,839

 

0.48

 

Options Outstanding at December 31, 2024

 

31,232,633

$

0.43

 

5.45

Forfeitures

 

(2,955,723)

 

0.26

 

Exercised

 

(723,165)

 

0.17

 

Granted

 

7,159,156

 

0.62

 

Options Outstanding at December 31, 2025

 

34,712,901

$

0.48

 

5.76

Options Exercisable at December 31, 2025

 

26,102,643

$

0.45

 

4.48

Summary of warrants outstanding

  ​ ​ ​

Number of 

  ​ ​ ​

Weighted Average 

  ​ ​ ​

Weighted Average 

SVS Warrants

Warrants

Exercise Price

Remaining Life

Warrants outstanding at December 31, 2023

 

16,400,000

$

0.21

 

4.57

Exercised

(480,437)

0.15

Warrants outstanding at December 31, 2024

15,919,563

$

0.22

 

3.56

Expired

(150,000)

1.49

Exercised

(265,626)

0.15

Warrants outstanding at December 31, 2025

 

15,503,937

$

0.22

 

2.56

Warrants exercisable at December 31, 2025

 

15,503,937

$

0.22

 

2.56

  ​ ​ ​

Number of 

  ​ ​ ​

Weighted Average 

  ​ ​ ​

Weighted Average 

SVS Warrants Denominated in C$

Warrants

Exercise Price

Remaining Life

Warrants outstanding at December 31, 2024 and 2025

3,037,649

$

3.50

0.23

Warrants exercisable at December 31, 2024 and 2025

 

3,037,649

$

3.50

 

0.23

Summary of RSU activity

  ​ ​ ​

  ​ ​ ​

Weighted Avg.

Number of Shares

Fair Value

Balance, December 31, 2023

2,543,011

$

0.88

Granted

9,228,462

0.31

Forfeitures

(443,943)

1.34

Balance, December 31, 2024

11,327,530

0.40

Granted

71,109,925

0.42

Settled

(22,805,897)

0.49

Forfeitures

(66,341)

1.81

Balance, December 31, 2025

59,565,217

$

0.38

Vested at December 31, 2025

2,456,088

$

0.47