Common Shares (Tables)

3 Months Ended

Mar. 31, 2025

Common Shares

Summary of stock-based compensation expense

Stock-based compensation expense was: 

	Three Months Ended March 31,
	2025		2024
RSUs	$	108	$	83
DSUs		251		208
	$	359	$	291

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, 2023	1,886,674	$	0.46
Granted	1,736,000		0.25
Forfeited	(225,836)		0.43
Vested	(629,165)		0.59
Unvested - December 31, 2024	2,767,673	$	0.30
Granted	1,010,000		0.47
Forfeited	(184,750)		0.30
Vested	(904,254)		0.38
Unvested - March 31, 2025	2,688,669	$	0.34

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, 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
Granted	364,000		0.69
Outstanding - March 31, 2025	2,025,000	$	0.57

Summary of option activity

The following table summarizes option activity for vested awards:

				Weighted Average
		Weighted Average		Remaining	Aggregate
	Number of	Exercise Price		Contractual Term	Intrinsic
	Options	Per Option		(Years)	Value
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
Expired	(50,000)		0.51
Outstanding - March 31, 2025	—

Summary of weighted average common shares

Weighted Average Common Shares

	Three Months Ended March 31,
	2025	2024
Basic Common Shares	123,873,020	121,217,992
Effect of dilutive stock-based awards	—	—
Diluted Common Shares	123,873,020	121,217,992