Common Shares (Tables)

9 Months Ended

Sep. 30, 2025

Common Shares

Summary of stock-based compensation expense

Stock-based compensation expense was: 

	Three Months Ended September 30,				Nine Months Ended September 30,
	2025		2024		2025		2024
RSUs	$	115	$	105	$	342	$	282
DSUs		—		—		251		293
	$	115	$	105	$	593	$	575

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	(959,921)		0.39
Unvested - September 30, 2025	2,633,002	$	0.33

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 - September 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 - September 30, 2025	—

Summary of weighted average common shares

Weighted Average Common Shares

	Three Months Ended September 30,		Nine Months Ended September 30,
	2025	2024	2025	2024
Basic Common Shares	125,363,337	122,341,829	124,728,028	121,829,163
Effect of dilutive stock-based awards	—	—	—	3,245,228
Diluted Common Shares	125,363,337	122,341,829	124,728,028	125,074,391