XML 106 R44.htm IDEA: XBRL DOCUMENT v3.25.1
CONVERTIBLE NOTES (Tables)
12 Months Ended
Dec. 31, 2024
CONVERTIBLE NOTES  
Schedule of convertible notes

    

Host (amortized cost)

    

Derivative (FVTPL)

    

Deferred amount

    

Total

$

$

$

$

Issuance [1]

48,703

20,453

(2,773)

66,383

Interest accretion

 

732

 

 

 

732

Fair value adjustment

 

 

(11,199)

 

 

(11,199)

Amortization

 

 

 

140

 

140

Foreign exchange

 

382

 

127

 

(21)

 

488

Balance as of December 31, 2022

49,817

9,381

(2,654)

56,544

Interest accretion

 

5,082

 

 

 

5,082

Fair value adjustment

 

 

(8,049)

 

 

(8,049)

Amortization

 

 

 

1,453

 

1,453

Foreign exchange

 

(1,275)

 

(163)

 

32

 

(1,406)

Balance as of December 31, 2023

 

53,624

 

1,169

 

(1,169)

 

53,624

Interest accretion

 

3,044

 

 

 

3,044

Fair value adjustment

 

 

(1,191)

 

 

(1,191)

Amortization [2]

 

 

 

1,191

 

1,191

Foreign exchange

 

2,710

 

30

 

(30)

 

2,710

Settlement

(43,138)

(43,138)

Balance as of December 31, 2024

 

16,240

 

8

 

(8)

 

16,240

[1]Transaction costs of $821 (US$608) have been allocated to the host instrument and reduced from the net proceeds allocated to this component.

[2]The amortization for the year ended December 31, 2024 includes an additional amount of $1,071 to prevent the net amount of the Derivative and the Deferred amount components from representing a negative amount.

Schedule of sensitivity analysis

    

    

Reasonably

    

Sensitivity [1]

    

    

Reasonably

    

Sensitivity [1]

December 31, 2023

possible change

(Derivative liability)

December 31, 2024

 possible change

(Derivative liability)

Observable inputs

  

  

  

  

  

  

Share price

 

US$2.61

+/- 10%

+0.4M/-0.3M

 

US$1.59

+/- 10%

+0M/0M

Foreign Exchange rate

 

1.32

+/-5%

+/-0.1M

 

1.44

+/-5%

+/-0M

Unobservable inputs

 

  

  

 

  

Expected volatility

 

48.5%

+/- 10%

+0.1/-0.3M

 

47.3%

+/- 10%

+0/0M

Credit spread

 

4.5%

+/-5%

+/-0.03M

 

3.0%

+/-5%

+/-0M

[1]Holding all other variables constant.