v3.26.3
NET LOSS PER SHARE (Tables)
9 Months Ended
Sep. 30, 2026
NET LOSS PER SHARE  
Schedule of basic net loss per share

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For the three months ended

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For the nine months ended

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September 30, 2026

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September 30, 2025

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September 30, 2026

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September 30, 2025

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in thousand U.S. dollars except per share and share amounts

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Net loss

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$

(30,070)

 

$

(7,462)

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$

(43,140)

 

$

(19,128)

 

Effect of warrants modification, see Note 6

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—

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(2,429)

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—

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(2,429)

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Total net loss attributable to common shareholders

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$

(30,070)

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$

(9,891)

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$

(43,140)

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$

(21,557)

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Basic and diluted net loss per common share

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(1.02)

 

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(0.44)

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(1.69)

 

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(1.01)

 

Weighted average of common shares outstanding

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29,466,698

 

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22,719,057

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25,474,553

 

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21,351,228

 

Schedule of weighted average of common shares outstanding

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For the three months ended

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For the nine months ended

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September 30, 2026

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September 30, 2026

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Weighted average of common shares

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32,445,721

 

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28,226,422

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Average unvested RSAs

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(2,979,023)

 

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(2,751,869)

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Weighted average of common shares outstanding

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29,466,698

 

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25,474,553

 

Schedule of potentially dilutive securities were excluded from the calculation of diluted net loss per common stock because their effect would have been anti-dilutive

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September 30, 

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2026

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2025

Common shares issuable in relation to:

 

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Warrants

 

137,790

 

159,870

Options

 

348,281

 

348,281

Unvested RSAs *

 

3,057,634

 

2,434,123

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*Includes 193,557 of RSAs granted outside of the Incentive Plan; see explanation in Note 5.