v3.26.1
Note 9 - Equipment, Net
12 Months Ended
Dec. 31, 2025
Notes to Financial Statements  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 9: EQUIPMENT, NET 

 

Equipment balance is as follows:

 

December 31,

2025

2024

Medical equipment, cost

$

148

$

148

Medical equipment subject to operating leases, cost

123

-

Office Equipment

32

Less – accumulated depreciation

(58

)

(12

)

Less - Impairment

(99

)

-

Equipment, net

$

146

$

136

 

Depreciation expense was $46 and $12 for the years ended  December 31, 2025 and 2024, respectively. 

 

During the reporting period, management evaluated the Company’s capitalized medical equipment costs for indicators of impairment in accordance with ASC 360-10, Impairment or Disposal of Long-Lived Assets. The review was prompted by a change in strategic direction resulting from the acquisition of Evoke Neuroscience and its hardware offering.

 

Accordingly, the Company recognized an impairment loss of $99 during the period ended December 31, 2025. This charge was recorded within “Impairment of assets” on the statement of operations, reducing the carrying value of the equipment asset to $nil.

 

Medical equipment subject to operating leases includes hardware leased to customers as part of the Company’s products and services offerings.