Common Shares (Tables)

12 Months Ended

Dec. 31, 2024

Common Shares

Summary of outstanding warrants

Warrant activity is summarized in the following table.

		Weighted		Weighted
		Average		Average
	Warrants	Exercise Price		Remaining Life
	Outstanding	Per Share		(Years)
As of December 31, 2022	7,408,101	$	1.25	1.5
As of December 31, 2023	7,408,101	$	1.25	0.5
Expired	(7,408,101)	$	1.25
As of December 31, 2024	—

Summary of stock-based compensation expense

Stock-based compensation expense for the years ended December 31, 2024 and 2023 was:

	Year Ended December 31,
	2024		2023
RSUs	$	391	$	392
DSUs		293		244
	$	684	$	636

Summary of restricted stock unit activity

The following table summarizes RSU activity:

		Weighted Average
	Number	Grant-Date Fair
	of RSUs	Value Per RSU
Unvested - December 31, 2022	1,472,008	$	0.60
Granted	1,163,000		0.37
Cancelled/forfeited	(335,786)		0.58
Vested, net of shares withheld	(412,548)		0.60
Unvested - December 31, 2023	1,886,674	$	0.46
Granted	1,736,000		0.25
Cancelled/forfeited	(409,450)		0.50
Vested, net of shares withheld	(445,551)		0.59
Unvested - December 31, 2024	2,767,673	$	0.30

Summary of deferred stock units

The following table summarizes DSU activity:

			Weighted Average
	Number of		Grant-Date Fair
	DSUs		Value per DSU
Outstanding - December 31, 2022	1,254,000	$	0.72
Granted	420,000		0.58
Shares issued to participants	(485,000)		0.69
Outstanding - December 31, 2023	1,189,000	$	0.68
Granted	767,000		0.38
Shares issued to participants	(295,000)		0.68
Outstanding - December 31, 2024	1,661,000	$	0.54

Summary of option activity

The following table summarizes option activity:

				Weighted Average
		Weighted Average		Remaining	Aggregate
	Number of	Exercise Price		Contractual Term	Intrinsic
	Options	Per Option		(Years)	Value
Outstanding - December 31, 2022	1,367,000	$	0.71	0.64	$	—
Expired	(967,000)		0.71
Outstanding - December 31, 2023	400,000	$	0.70	0.47	$	—
Expired	(350,000)		0.73
Outstanding - December 31, 2024	50,000	$	0.51	0.25	$	2
Exercisable - December 31, 2024	50,000	$	0.51	0.25	$	2

Summary of weighted average common shares

Weighted Average Common Shares

	At December 31,
	2024	2023
Basic Common Shares	122,198,006	120,471,317
Effect of dilutive stock-based awards	3,413,294	—
Diluted Common Shares	125,611,300	120,471,317