v3.26.1
Note 12 - Royalty
12 Months Ended
Dec. 31, 2025
Statement Line Items [Line Items]  
Disclosure of royalty information [text bloxk]

12.

Royalty

 

On October 22, 2025, the Company entered into amended and restated royalty agreements resulting in an extinguishment of previous royalty liability. The fair value of the amended Royalty was estimated at October 22, 2025 using a discounted cash flow model. The key inputs included the market interest rate of 11.125% and cash flows estimates of future operating and gross revenues. The loss on extinguishment amounting to $1,023 was included in other non-operating income (expense) in the consolidated statement of loss and other comprehensive loss.

 

  

December 31,

2025

  

December 31,

2024

 

Balance at January 1,

 $1,283  $858 

Foreign exchange

  (37)  95 

Accretion

  58   330 

Extinguishment of royalty

  (1,304)  - 

Foreign exchange

  (37)  - 

Recognition of new royalty due to amendment

  2,327   - 

Accretion

  48   - 

Balance at December 31

 $2,338  $1,283