v3.26.1
Note 4 - Intangible Assets
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Intangible Assets Disclosure [Text Block]

4. Intangible assets

 

Intangible assets, impairment charges and adjustments are summarized as follows:

 

  

December 31,

 
  

2025

  

2024

 

Opening balance

 $  $9,871 

Impairment recognized during the period

     (9,703)

Foreign translation adjustment

     (168)

Ending balance

 $  $ 

 

As of the year ended December 31, 2024, as a result of continued downward pressure on the Company’s common stock and updated clinical development plan, the Company performed an impairment assessment on the individual intangible assets utilizing a discounted cash flow model with a weighted average cost of capital of 26%, and recognized a full impairment charge of $9.7 million during the year ended December 31, 2024. There was no impairment charge in 2025.