v3.26.1
Note 8 - Convertible Notes, Embedded Derivatives and Pre-Funded Warrants (Tables)
 6 Months Ended
Jun. 30, 2026
Notes Tables  
Convertible Debt [Table Text Block]

Convertible debenture terms

  

January Debenture

    

February Debenture

    

March Debenture

    

April Debenture

  

Issue date

  

Jan. 26, 2026

    

Feb. 19, 2026

    

Mar. 10, 2026

    

Apr. 28, 2026

  

Principal amount

   $600,000     $750,000     $3,000,000     $700,000  

Maturity

  

Jan. 26, 2027

    

Feb. 19, 2027

    

Mar. 10, 2027

    

Apr. 28, 2027

  

Interest rate

  

12%; 18% upon event of default

    

12%; 18% upon event of default

    

12%; 18% upon event of default

    

12%; 18% upon event of default

  

Fixed conversion price (ceiling)

   $18.75     $18.75     $18.75     $18.75  

Variable conversion price

  

85% of lowest daily VWAP over 7 trading days, subject to floor

    

Same

    

Same

    

Same

  

Floor price

   $1.42     $1.45     $1.39     $1.28  
Schedule of Debt [Table Text Block]

Convertible debt, warrant and related financial statement presentation reconciliation (USD in thousands)

  

Amount, KUSD

  

Gross convertible notes payable

     5,050  

Unamortized debt discount

     (1,237 )

Convertible notes payable, net of discount

     3,813  

Embedded conversion derivative liability

     1,236  
Convertible notes payable, net, as presented on the condensed consolidated balance sheet     5,049  

Accrued interest payable

     189  

Pre-funded warrant - additional paid-in capital, at the corrected allocation

     1,964  

Six months ended June 30, 2026:

        
Gain on change in fair value of embedded conversion derivatives     462  

Coupon interest expense

     (189 )

Amortization of debt discount

     (424 )

Total interest expense

     (614 )