| Leases |
Leases The Company’s right-of-use assets by class of assets are as follows: | | | | | | | | | | | | | | | | | Premises | | | | Total | | $ | | | | $ | | Costs | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance – December 31, 2025 | 7,177 | | | | 7,177 | | Additions | 2,428 | | | | 2,428 | | Additions through acquisitions | 223 | | | | 223 | | Modifications to and disposals of lease contracts | (2,164) | | | | (2,164) | | Effects of foreign exchange | (297) | | | | (297) | Balance – March 31, 2026 | 7,367 | | | | 7,367 | | | | | | | | Accumulated amortization | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | Balance – December 31, 2025 | 4,790 | | | | 4,790 | | Amortization | 425 | | | | 425 | | Modifications to and disposals of lease contracts | (2,164) | | | | (2,164) | | Effects of foreign exchange | (218) | | | | (218) | Balance – March 31, 2026 | 2,833 | | | | 2,833 | | | | | | | | Carrying value | | | | | | Net balance – December 31, 2025 | 2,387 | | | | 2,387 | Net balance – March 31, 2026 | 4,534 | | | | 4,534 |
The Company’s lease obligations are as follows: | | | | | | | | | | | 2026 | | | | | $ | | | | Balance – January 1 | | 2,560 | | | | | Additions | | 2,428 | | | | | Additions through acquisitions | | 203 | | | | | | | | | | Interest accretion | | 65 | | | | | Lease repayments | | (427) | | | | | Effects of foreign exchange | | (119) | | | | Balance – March 31 | | 4,710 | | | | | | | | | | Current | | 1,412 | | | | | Non-current | | 3,298 | | | | | | 4,710 | | | |
Expenses incurred for the three months ended March 31, 2026 and 2025 relating to short-term leases and leases of low-value assets were $11 and $12, respectively.
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