Warrant
activity for the three months ended March 31, 2026, was as follows:
Summary of warrants activity reclassified equity
| | |
Warrants | | |
Weighted
average exercise price | | |
Amount | |
| | |
# | | |
$ | | |
$ | |
| Balance – December 31, 2025 | |
| 583,090 | | |
| 1.93 | | |
| 1,124 | |
| Exercised | |
| (829 | ) | |
| 0.01 | | |
| (1 | ) |
| Expired | |
| (33,817 | ) | |
| 112.53 | | |
| - | |
| Change in fair value of
warrants | |
| - | | |
| - | | |
| (554 | ) |
| Balance – March
31, 2026 | |
| 548,444 | | |
| 0.01 | | |
| 569 | |
The
fair value of the liability, classified as warrant liability, is subsequently remeasured at each reporting date and at settlement date
using the Black-Scholes option pricing model, with changes in fair value recognized in profit or loss. At March 31, 2026, the following
warrants were outstanding:
Schedule
of warrants outstanding
| Issuance
date | |
Number | | |
Weighted
average remaining contractual life | | |
Weighted
average exercise price | |
| | |
# | | |
years | | |
$ | |
| June 2024 | |
| 548,444 | | |
| 1.18 | | |
| 0.01 | |
| Balance – March
31, 2026 | |
| 548,444 | | |
| 1.18 | | |
| 0.01 | |
|