v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Operating activities:    
Net (loss) income for the year $ (6,712) $ 2,463
Interest paid (101) (78)
Income tax refunded (paid) 4 (37)
Adjustments for:    
(Gain) loss on fair value of investment (Note 8) (86) 72
Depreciation of property and equipment (Note 5) 715 396
Amortization of intangible assets (Note 6) 348 364
Depreciation of right of use assets (Note 7) 334 333
Share-based compensation expense (Note 15(g)) 273 398
Gain on derecognition of right of use assets (Note 7) (36)
Financing costs (Note 14(b)) 104 89
Current income tax expense 22
Unrealized gain on foreign currency translation (661) (36)
Change in defined benefit plan (Note 12) 54
Changes in working capital:    
Amounts receivable 1,279 (3,055)
Contract asset and prepaid expenses 2,226 (2,832)
Accounts payable and accrued liabilities (2,322) 527
Contract liability 430 (395)
Cash flows used in operating activities (4,129) (1,791)
Investing activities:    
Purchase of property and equipment (543) (2,018)
Additions to intangible assets (416) (234)
Cash flows used in investing activities (959) (2,252)
Financing activities:    
Proceeds from private placement 29,345 2,445
Issuance costs (2,705) (141)
Exercise of warrants 2,507 2,041
Repurchase of share-based awards (1,780)
Payment of lease obligations (334) (345)
Repayment of bank loan (35) (41)
Repayment of loan payable (127) (41)
Repayment of government loans (278) (114)
Cash flows provided by financing activities 26,593 3,804
Effect of foreign exchange on cash 571 7
Increase (decrease) in cash 22,076 (232)
Cash, beginning of year 445 677
Cash, end of year $ 22,521 $ 445