Note 13 - Leases (Tables)

12 Months Ended

Dec. 31, 2025

Presentation of Leases for Lessee

Summary of Lease Liabilities

The table below presents the amounts of lease liabilities (in thousands):


		As of December 31,
		2024				2025
Non-current lease liabilities		$	5,631			$	4,544
Current lease liabilities			3,955				3,866
Total lease liabilities		$	9,586			$	8,410

Summary of Carrying Amounts of Right-of-Use Assets

Set out below are the carrying amounts of right-of-use assets (in thousands):


		As of December 31,
		2024				2025
Office premises		$	5,600			$	5,498
Equipment			3,894				2,015
Total right-of-use assets		$	9,494			$	7,513

Lease Amounts Included in Statement of Operations

The Statement of Operations has the following amounts relating to leases (in thousands):


		Year Ended December 31,
		2023				2024				2025
Depreciation expense of right-of-use assets presented as property		$	(1,664	)		$	(1,838	)		$	(2,029	)
Depreciation expense of right-of-use assets presented as equipment			(1,971	)			(2,514	)			(2,641	)
Expense relating to short-term leases (included in other operating expenses)			(1,254	)			(1,251	)			(1,084	)
Interest expense (included in finance expense)			(356	)			(518	)			(461	)
Foreign exchange gain (loss)			(196	)			601				(894	)
Total lease-related expenses		$	(5,441	)		$	(5,520	)		$	(7,109	)