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Warrants (Tables) | 12 Months Ended
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Dec. 31, 2025
Warrants |
Schedule of warrants issued with financing |
Schedule of warrants issued with financing |  |  |  |  |  |
Issuance Date/Type |  | Number |  | Exercise Price |  | Expiry Date
Feb 17, 2022 (“Tradeable Warrants”)* |  | 2,051 |  | $4,440.00 |  | February 2027
Mar 14, 2022 (“2022 Pre-Funded Warrants”) |  | 1,846 |  | $2.00 |  | Unlimited
Mar 14, 2022 (“Investor Warrants”) |  | 1,801 |  | $4,440.00 |  | March 2027
Apr 28, 2022 (“April Warrants”) |  | 4,862 |  | $7,520.00 |  | April 2027
May 16, 2023 (“May Pre-Funded Warrants”) |  | 1,751 |  | $2.00 |  | Unlimited
May 16, 2023 (“May Investor Warrants”) |  | 5,952 |  | $1,180.00 |  | November 2028
Feb 15, 2024 (“2024 Pre-Funded Warrants”) |  | 22,500 |  | $2.00 |  | Unlimited
Feb 15, 2024 (“Series A Warrants”) |  | 3,986** |  | $4,200.00** |  | August 2026
Feb 15, 2024 (“Series B Warrants”) |  | 7,973** |  | $4,760.00** |  | February 2029
Apr 03, 2025 (“2025 Pre-Funded Warrants”) |  | 260,000 |  | $0.001 |  | Unlimited
* | These warrants trade under the ticker symbol SBFMW
** | Subject to adjustment
Schedule of warrants outstanding |
Schedule of warrants outstanding |  |  |  |  |  |
Type |  | Number |  | Exercise Price |  | Expiry Date
Tradeable Warrants* |  | 482 |  | $220.00 |  | February 2027
Investor Warrants |  | 400 |  | $4,000.00 |  | March 2027
Series B Warrants |  | 15,227,962** |  | $2.07** |  | February 2029
* | These warrants trade under the ticker symbol SBFMW
** | As adjusted following the financing event of April 3, 2025 and subject to further adjustment of the number of warrants and exercise price upon certain corporate actions such that the aggregate exercise price of the warrants remains unchanged

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- Definition Tabular disclosure of warrants or rights issued. Warrants and rights outstanding are derivative securities that give the holder the right to purchase securities (usually equity) from the issuer at a specific price within a certain time frame. Warrants are often included in a new debt issue to entice investors by a higher return potential. The main difference between warrants and call options is that warrants are issued and guaranteed by the company, whereas options are exchange instruments and are not issued by the company. Also, the lifetime of a warrant is often measured in years, while the lifetime of a typical option is measured in months. Disclose the title of issue of securities called for by warrants and rights outstanding, the aggregate amount of securities called for by warrants and rights outstanding, the date from which the warrants or rights are exercisable, and the price at which the warrant or right is exercisable. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 505 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147481112/505-10-50-3 + Details
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