Annual report pursuant to Section 13 and 15(d)

Warrant derivative liability (Tables)

v3.20.1
Warrant derivative liability (Tables)
12 Months Ended
Dec. 31, 2019
Warrant derivative liability [Abstract]  
Change in Fair Value of Derivative Liabilities
The following schedule shows the change in fair value of the derivative liabilities as at December 31, 2019.

Dollars in thousands
 
Warrant liability
 
Assumption of warrants in May Acquisitions
 
$
2,130
 
Change in fair value of  warrant derivative liability
   
90
 
Balance as of December 31, 2019
 
$
2,220
 
Warrant Liability Fair Value Measurement Inputs and Valuation Techniques
   
May 6, 2019
   
December 31, 2019
 
Warrant liability
           
Stock price
 
$
6.00
   
$
2.70
 
Exercise price
 
$
3.90
   
$
1.62
 
Expected remaining term (in years)
   
1.60 – 1.68
     
0.95 – 1.02
 
Volatility
   
64
%
   
69
%
Risk-free interest rate
   
2.39
%
   
1.60
%