| Schedule of Stock Options Activity |
Performance-Based Options | | | For the Years Ended December 31, | | | | 2025 | | 2024 | | | | Number
of share
options | | Weighted
average
exercise
price | | Intrinsic
Value | | Number
of share
options | | Weighted
average
exercise
price | | Intrinsic
Value | | Outstanding at January 1 | | 1,119,995 | | | $ | 1.79 | | $ | 6,736 | | 1,149,995 | | | $ | 1.82 | | $ | 2,472 | | Forfeited | | — | | | $ | — | | | | | — | | | $ | — | | | | | Repurchased | | (1,019,995 | ) | | $ | 1.83 | | | | | — | | | $ | — | | | | | Exercised | | (100,000 | ) | | $ | 1.85 | | | | | (30,000 | ) | | $ | 1.83 | | | | | Outstanding at December 31 | | — | | | $ | — | | $ | — | | 1,119,995 | | | $ | 1.79 | | $ | 6,736 | | Exercisable at December 31 | | — | | | $ | — | | $ | — | | 1,119,995 | | | $ | 1.79 | | $ | 6,736 | | | | For the year ended December 31, 2023 | | | | Number of
share
options | | Weighted
average
exercise
price | | Intrinsic
Value | | Outstanding at January 1 | | 1,773,600 | | | $ | 1.73 | | $ | 307 | | Forfeited | | (623,605 | ) | | $ | 1.78 | | | — | | Exercised | | — | | | $ | — | | | — | | Outstanding at December 31 | | 1,149,995 | | | $ | 1.82 | | $ | 2,472 | | Exercisable at December 31 | | 1,149,995 | | | $ | 1.82 | | $ | 2,472 | | | | For the Years Ended December 31, | | | | 2025 | | 2024 | | | | Number of
share
options | | Weighted
average
exercise
price | | Intrinsic
Value | | Number
of share
options | | Weighted
average
exercise
price | | Intrinsic
Value | | Outstanding at January 1 | | 2,127,503 | | | $ | 4.42 | | $ | 7,191 | | 2,537,949 | | | $ | 4.95 | | $ | 2,782 | | Granted | | 345,038 | | | $ | 7.90 | | | | | 115,000 | | | $ | 4.75 | | | | | Forfeited | | (86,591 | ) | | $ | 7.45 | | | | | (284,820 | ) | | $ | 6.12 | | | | | Exercised | | (145,943 | ) | | $ | 1.96 | | | | | (192,217 | ) | | $ | 2.07 | | | | | Repurchased | | (408,932 | ) | | $ | 4.42 | | | | | (48,409 | ) | | $ | 3.71 | | | | | Outstanding at December 31 | | 1,831,075 | | | $ | 5.94 | | $ | 12,182 | | 2,127,503 | | | $ | 4.42 | | $ | 7,191 | | Exercisable at December 31 | | 1,145,037 | | | $ | 6.03 | | $ | 7,523 | | 1,145,477 | | | $ | 3.50 | | $ | 5,120 | | | | For the year ended December 31, 2023 | | | | Number of
share
options | | Weighted
average
exercise
price | | Intrinsic
Value | | Outstanding at January 1 | | 2,202,857 | | | $ | 5.24 | | $ | 172 | | Granted | | 448,000 | | | $ | 2.09 | | | | | Forfeited | | (96,983 | ) | | $ | 2.28 | | | | | Exercised | | (5,479 | ) | | $ | 1.78 | | | | | Liquidated | | (10,446 | ) | | $ | 1.78 | | | | | Outstanding at December 31 | | 2,537,949 | | | $ | 4.95 | | $ | 2,782 | | Exercisable at December 31 | | 1,129,445 | | | $ | 2.31 | | $ | 2,034 |
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| Schedule of Movement/Recognition of the Liability |
The movement/recognition of the liability in 2025 and 2024 is as follows: | | | 2025 | | 2024 | | (in thousands) | | APIC | | Share option
liability | | APIC | | Share option
liability | | Opening balance | | $ | — | | $ | 17,585 | | | $ | 5,505 | | | $ | — | | | Reclassification of equity classified options to liability | | | — | | | — | | | | (5,693 | ) | | | 5,693 | | | Cash settled option expense | | | — | | | 2,839 | | | | — | | | | 12,369 | | | Share based compensation | | | — | | | — | | | | 304 | | | | — | | | Share options exercised | | | — | | | (1,329 | ) | | | (54 | ) | | | (739 | ) | | Share options cancelled | | | — | | | (5,839 | ) | | | (14 | ) | | | (136 | ) | | Effects of currency translation | | | — | | | 69 | | | | (48 | ) | | | (199 | ) | | Total | | $ | — | | $ | 13,325 | | | $ | — | | | $ | 16,988 | |
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