| Fair values |
Set
out below is a comparison by class of the carrying amounts and fair value of the Company’s financial instruments that are carried
in the consolidated statement of financial position:
Schedule
of carrying amounts and fair value of the company’s financial instruments
| | |
Carrying | | |
Fair | | |
Carrying | | |
Fair | |
| | |
December
31, 2025 | | |
December
31, 2024 | |
| | |
Carrying | | |
Fair | | |
Carrying | | |
Fair | |
| | |
Amount | | |
Value | | |
Amount | | |
Value | |
| | |
| | |
| | |
| | |
| |
| Financial
assets | |
| | | |
| | | |
| | | |
| | |
| Cash | |
$ | 22,521 | | |
$ | 22,521 | | |
$ | 445 | | |
$ | 445 | |
| Amounts
receivable | |
| 2,088 | | |
| 2,088 | | |
| 3,367 | | |
| 3,367 | |
| Unbilled
revenue | |
| - | | |
| - | | |
| 2,640 | | |
| 2,640 | |
| Investments | |
| 862 | | |
| 862 | | |
| 776 | | |
| 776 | |
| Financial
assets | |
$ | 25,471 | | |
$ | 25,471 | | |
$ | 7,228 | | |
$ | 7,228 | |
| | |
| | | |
| | | |
| | | |
| | |
| Financial
liabilities | |
| | | |
| | | |
| | | |
| | |
| Accounts
payable and accrued liabilities | |
| 2,268 | | |
| 2,268 | | |
| 4,623 | | |
| 4,623 | |
| Project
financing | |
| 175 | | |
| - | | |
| 167 | | |
| - | |
| Bank
loan | |
| - | | |
| - | | |
| 32 | | |
| 33 | |
| Government
loans | |
| - | | |
| - | | |
| 273 | | |
| 186 | |
| Loan
payable | |
| 1,233 | | |
| 1,183 | | |
| 269 | | |
| 275 | |
| Financial
liabilities | |
$ | 3,676 | | |
$ | 3,451 | | |
$ | 5,364 | | |
$ | 5,117 | |
The
fair values of the financial assets and liabilities are determined at the amount at which the instrument could be exchanged in a current
transaction between willing parties, other than in a forced or liquidation sale.
The
following methods and assumptions were used to estimate the fair values:
| ● | Cash,
amounts receivable, accounts payable and accrued liabilities and provisions approximate their
carrying amounts largely due to the short-term maturities of these instruments. |
| | | |
| ● | The
fair value of the project financing, bank loan, government loans, and loan payable were calculated
based on the present value of expected payments, discounted using a risk-adjusted discount
rate. |
|