Common Shares (Tables)

6 Months Ended

Jun. 30, 2025

Common Shares

Summary of stock-based compensation expense

Stock-based compensation expense was: 

	Three Months Ended June 30,				Six Months Ended June 30,
	2025		2024		2025		2024
RSUs	$	119	$	94	$	227	$	177
DSUs		—		85		251		293
	$	119	$	179	$	478	$	470

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 - June 30, 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 - June 30, 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 - June 30, 2025	—

Summary of weighted average common shares

Weighted Average Common Shares

	Three Months Ended June 30,		Six Months Ended June 30,
	2025	2024	2025	2024
Basic Common Shares	124,931,351	121,922,034	124,405,109	121,570,013
Effect of dilutive stock-based awards	—	3,499,814	—	3,050,968
Diluted Common Shares	124,931,351	125,421,848	124,405,109	124,620,981