XML 61 R46.htm IDEA: XBRL DOCUMENT v3.23.1
Note 16 - The Financing and Warrant Liabilities (Tables)
12 Months Ended
Dec. 31, 2022
Notes Tables  
Allocation of Proceeds from Issuance of Equity [Table Text Block]
  

Initial Measurement

 
  

(USD000)

 
     

Investor Warrants

  10,476 

Common Stock (par value and additional paid in capital)

  8,235 

Total proceeds from the Financing

  18,711 
Schedule of Warrant Liabilities [Table Text Block]
  

As of

December 31, 2022

  

As of

December 31, 2021

  

Change in

Fair Value (Gain)/Loss

 
  

(US$000)

  

(US$000)

  

(US$000)

 
             

Warrants issued in the 2021 Financing:

 

--Investor warrants

  86   964   (878)

--Placement agent warrants

  9   132   (123)

Warrants issued in the 2020 Financing:

 

--Investor warrants

  76   795   (719)

--Placement agent warrants

  14   148   (134)

Warrant liabilities

  185   2,039   (1,854)
  

As of

December 31,

2021

  

As of

July 2,

2021

  

As of

February 18,

2021

  

As of

December 31,

2020

  

Change in

Fair Value

(Gain)/Loss

 
  

(US$’000)

  

(US$’000)

  

(US$’000)

  

(US$’000)

  

(US$’000)

 

Warrants issued in the 2021 Financing:

                    

--Investor warrants

  964   *   10,476   *   (9,512

)

--Placement agent warrants

  132   *   1,445   *   (1,313

)

Warrants issued in the 2020 Financing:

                    

--Investor warrants

  795   *   *   1,279   (484

)

--Placement agent warrants

  148   *   *   224   (76

)

Warrants issued in the 2018 Financing:

                    

--Placement agent warrants

  -   58   *   2   56 

Warrant liabilities

  2,039           1,505   (11,329

)

Schedule of Warrant Activity [Table Text Block]
  

Warrant Outstanding

  

Warrant Exercisable

 
  

Number of underlying shares

  

Weighted
Average
Remaining
Contractual
Life (Years)

  

Weighted
Average
Exercise
Price

  

Number of underlying shares

  

Weighted
Average
Remaining
Contractual
Life (Years)

  

Weighted
Average
Exercise
Price

 
                         

Balance, January 1, 2021

  431,975   2.78  $9.99   25,800   0.05  $7.4635 

Issued/Vested

  594,168   2.63  $18.50   1,000,343   2.36  $15.11 

Exercised

  (25,800)     $7.4635   (25,800)     $7.4635 

Balance, December 31, 2021

  1,000,343   2.36  $15.11   1,000,343   2.36  $15.11 

Issued/Vested

  -           -         

Exercised

  -           -         

Balance, December 31, 2022

  1,000,343   1.36  $15.11   1,000,343   1.36  $15.11 
Warrant [Member]  
Notes Tables  
Fair Value Measurement Inputs and Valuation Techniques [Table Text Block]
  

2021 Investors Warrants

  

2021 Placement Agent Warrants

 
  

December 31,

2022

  

December 31,

2021

  

February 18,

2021*

  

December 31,

2022

  

December 31,

2021

  

February 18,

2021*

 
                         

Stock price #

 $0.46  $1.00  $4.48  $0.46  $1.00  $4.48 

Years to maturity

  1.63   2.63   3.50   1.63   2.63   3.50 

Risk-free interest rate

  4.625%  0.87%  0.26%  4.625%  0.87%  0.26%

Dividend yield

  -   -   -   -   -   - 

Expected volatility

  99.74%  115%  168%  99.74%  115%  168%

Exercise Price #

 $3.59  $3.59  $3.59  $4.4875  $4.4875  $4.4875 
                         

Fair value of the warrant

 $0.0329  $0.37  $4.02  $0.0256  $0.36  $3.96 
                         

Warrant Liabilities (US$’000)

 $86  $964  $10,476  $9  $132  $1,445 
  

2020 Investors Warrants

  

2020 Placement Agent Warrants

 
  

December 31,

2022

  

December 31,

2021

  

December 31,

2020

  

December 31,

2022

  

December 31,

2021

  

December 31,

2020

 
                         

Stock price #

 $0.46  $1.00  $1.35  $0.46  $1.00  $1.35 

Years to maturity

  0.95   1.95   2.95   0.95   1.95   2.95 

Risk-free interest rate

  4.716%  0.72%  0.17%  4.716%  0.72%  0.17%

Dividend yield

  -   -   -   -   -   - 

Expected volatility

  115.61%  128%  102%  115.61%  128%  102%

Exercise Price #

 $2.03  $2.03  $2.03  $2.03  $2.03  $2.03 
                         

Fair value of the warrant

 $0.0439  $0.46  $0.74  $0.0456  $0.49  $0.74 
                         

Warrant Liabilities (US$’000)

 $76  $795  $1,279  $14  $148  $224 
  

2018 Placement Agent Warrants

 
  

July 2, 2021*

  

December 31, 2020

 
         

Stock price #

 $1.94  $1.35 

Years to maturity

  0.04   0.05 

Risk-free interest rate

  0.05%  0.08%

Dividend yield

  -   - 

Expected volatility

  75%  59%

Exercise Price #

 $1.4927  $1.4927 
         

Fair value of the warrant

 $0.45  $0.02 
         

Warrant liabilities (US$’000)

 $58  $2