v3.26.3
Note 8 - Capital Commitments (Tables)
9 Months Ended
Sep. 30, 2026
Notes Tables  
Fair Value, Assets Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Beginning balance

 

$

-

 

 

$

56,243

 

 

$

56,243

 

 

$

56,243

 

Fair value change in derivative asset

 

 

-

 

 

 

-

 

 

 

(56,243

)

 

 

-

 

Ending balance

 

$

-

 

 

$

56,243

 

 

$

-

 

 

$

56,243

 

Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]

​

​

December 31,

​

​

​

2025

​

Expected stock-price volatility

​

​

104.1

%

Risk-free interest rate

​

​

4.0

%

Stock price (in Australian dollars)

​

$

0.5700

​

​

​

December 31,

​

​

​

2025

​

​

​

​

​

​

Expected dividend yield

​

​

0

%

Expected stock-price volatility

​

​

59.2

%

Risk-free interest rate

​

​

3.97

%

Stock price

​

$

1.0240

​

Conversion price

​

$

0.4083

​

Schedule of Options Indexed to Issuer's Equity [Table Text Block]

CDI options outstanding at December 31, 2025

 

 

5,051,539

 

Exercise of CDI options

 

 

(5,051,539

)

CDI options outstanding at September 30, 2026

 

 

-

 

 

 

 

 

​

CDI options outstanding at December 31, 2024

 

 

5,700,000

 

Exercise of CDI options

 

 

(503,935

)

CDI options outstanding at September 30, 2025

 

 

5,196,065

 

Fair Value, Liabilities Measured on Recurring Basis, Unobservable Input Reconciliation [Table Text Block]

 

 

Three Months Ended September 30,

 

 

Nine Months Ended September 30,

 

 

 

2026

 

 

2025

 

 

2026

 

 

2025

 

Beginning balance

 

$

4,286,736

 

 

$

3,000,124

 

 

$

3,157,717

 

 

$

3,135,000

 

Fair value change in CDI options

 

 

(21,666

)

 

 

(142,288

)

 

 

1,107,353

 

 

 

15,979

 

Exercise of CDI options

 

 

(4,265,070

)

 

 

-

 

 

 

(4,265,070

)

 

 

(293,143

)

Ending balance

 

$

-

 

 

$

2,857,836

 

 

$

-

 

 

$

2,857,836