Property and equipment

12 Months Ended

Dec. 31, 2025

Property and equipment:

Schedule of property and equipment

	Aircraft and engines			Radar and mapping equipment			Furniture and fixtures			Leasehold improvements			Under construction			Total

Balance at December 31, 2023	$	379		$	285		$	2		$	11		$	302		$	979

Additions		237			616			32			66			1,377			2,328
Depreciation		(82	)		(288	)		(6	)		(20	)		-			(396	)
Transfer		829			672			-			-			(1,501	)		-

Balance at December 31, 2024	$	1,363		$	1,285		$	28		$	57		$	178		$	2,911

Additions		-			558			-			11			498			1,067
Depreciation		(162	)		(500	)		(11	)		(42	)		-			(715	)
Transfer		48			42			-			4			(302	)		(208	)

Balance at December 31, 2025	$	1,249		$	1,385		$	17		$	30		$	374		$	3,055

	Aircraft and engines			Radar and mapping equipment			Furniture and fixtures			Leasehold improvements			Under construction		Total

Cost	$	11,684		$	26,166		$	377		$	1,147		$	178	$	39,552

Accumulated depreciation		(10,321	)		(24,881	)		(349	)		(1,090	)		-		(36,641	)

Balance at December 31, 2024	$	1,363		$	1,285		$	28		$	57		$	178	$	2,911
Property and equipment, beginning balance	$	1,363		$	1,285		$	28		$	57		$	178	$	2,911

Cost	$	11,732		$	26,766		$	377		$	1,162		$	374	$	40,411

Accumulated depreciation		(10,483	)		(25,381	)		(360	)		(1,132	)		-		(37,356	)

Balance at December 31, 2025	$	1,249		$	1,385		$	17		$	30		$	374	$	3,055
Property and equipment, ending balance	$	1,249		$	1,385		$	17		$	30		$	374	$	3,055

During the twelve months ended December 31, 2025, the Company purchased $524 (December 31, 2024 - $337) of computer equipment using an equipment financing loan.

Intermap Technologies corporation

Notes to Consolidated Financial Statements

(In thousands of United States dollars, except per share information)

For the years ended December 31, 2025 and 2024

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