v3.26.1
Property and Equipment, Net and Right-of-Use Assets, Net
 12 Months Ended
Dec. 31, 2025
Property and Equipment, Net and Right-of-Use Assets, Net [Abstract]  
Property and equipment, net and right-of-use assets, net

Note 10. Property and equipment, net and right-of-use assets, net

 

The balances of the fixed and right-of-use assets are presented as follows:

 

   December 31, 2025 
   Machinery
and
Equipment		   Furniture   Computers
and
Peripherals		   Facilities   Work in
Progress		   Leasehold
Improvements		   Right-
of-Use
Asset		   Total 
Cost:                                
At January 1   108    898    5,251    386    47    320    4,437    11,447 
Additions   47    240    690    22    
-
    59    1,343    2,401 
Disposals   
-
    (109)   (567)   (13)   (47)   (7)   (682)   (1,425)
At December 31   155    1,029    5,374    395    
-
    372    5,098    12,423 
Accumulated depreciation:                                        
At January 1   (30)   (321)   (1,827)   (91)   
-
    (262)   (2,646)   (5,177)
Depreciation expense   (53)   (88)   (1,099)   (40)   
-
    (64)   (857)   (2,201)
Disposals   
-
    71    330    3    
-
    4    400    808 
At December 31   (83)   (338)   (2,596)   (128)   
-
    (322)   (3,103)   (6,570)
Net amount   72    691    2,778    267    
-
    50    1,995    5,853 
Depreciation period (in years)   3    10    5    10                     

 

   December 31, 2024 
   Machinery
and
Equipment		   Furniture   Computers
and
Peripherals		   Facilities   Work in
Progress		   Leasehold
Improvements		   Right-
of-Use
Asset		   Total 
Cost:                                
At January 1   108    809    3,826    229    47    320    3,190    8,529 
Additions   
-
    100    1,572    157    
-
    
-
    1,247    3,076 
Disposals   
-
    (11)   (147)   
-
    
-
    
-
    
-
    (158)
At December 31   108    898    5,251    386    47    320    4,437    11,447 
Accumulated depreciation:                                        
At January 1   (19)   (241)   (895)   (57)   
-
    (137)   (1,755)   (3,104)
Depreciation expense   (11)   (87)   (1,027)   (34)   
-
    (125)   (891)   (2,175)
Disposals   
-
    7    95    
-
    
-
    
-
    
-
    102 
At December 31   (30)   (321)   (1,827)   (91)   
-
    (262)   (2,646)   (5,177)
Net amount   78    577    3,424    295    47    58    1,791    6,270 
Depreciation period (in years)   3    10    5    10                     

Right-of-use asset and lease liabilities

 

The Group leases commercial office space under rental agreements with terms that range between two and five years. Rental payments are generally fixed over the non-cancellable term of the lease and indexed to local inflation. The discount rate applied to lease agreements ranges from 10.5%—20% per annum for assets held, which represents the estimated incremental borrowing rate for the Company at the date of lease inception.

 

The Company applied judgment to determine the lease term of some contracts, considering the provisions of Brazilian Law No. 8,245 (tenant law), which grants the lessee the right to contract renewals when certain conditions are met, as well as past practices regarding the success of the Company in the renewal of their contracts. The assessment of whether the Company is reasonably certain to exercise these options has an impact on the lease term, which significantly affects the value of lease liabilities and right-of-use assets recognized.

 

The following tables show the changes in the right-of-use asset and lease liabilities:

 

Right-of-use asset:    
Balance as of January 31, 2024   1,435 
Additions   1,247 
Amortization   (891)
Disposals   
-
 
Balance as of December 31, 2024   1,791 
Additions   1,343 
Amortization   (857)
Disposals   (282)
Balance as of December 31, 2025   1,995 
Lease liabilities:     
Balance as of January 31, 2024   1,519 
Interest accrued   227 
Additions   1,242 
Consideration paid   (1,101)
Remeasurement   4 
Balance as of December 31, 2024   1,891 
Interest accrued   303 
Additions   1,322 
Consideration paid   (1,052)
Disposals   (297)
Cancellations   (32)
Remeasurement   22 
Balance as of December 31, 2025   2,157 

The following provides information regarding the timing of future contractual lease payments at December 31, 2025, and 2024:

 

   2025   2024 
Amounts payable under leases:        
Up to 1 year   1,236    959 
From 2 to 3 years   1,338    1,234 
Less: Interest to be appropriated   (417)   (302)
Present value of lease liabilities   2,157    1,891