v3.26.1
Financial risk management
3 Months Ended
Mar. 31, 2026
Financial Risk Management  
Financial risk management

 

17.Financial risk management:

 

The Company has exposure to the following risks from its use of financial instruments: credit risk, market risk, liquidity risk, and capital risk. Management, the Board of Directors, and the Audit Committee monitor risk management activities and review the adequacy of such activities. There have been no significant changes to the Company’s risk management strategies since December 31, 2025.

 

Amounts receivable consist of:

 

   March 31,   December 31, 
   2026   2025 
         
Trade receivables  $1,897   $1,950 
Other miscellaneous receivables   144    138 
           
Amount receivables  $2,041   $2,088 

 

Trade receivables by geography consist of:

 

   March 31,   December 31, 
   2026   2025 
         
United States  $127   $37 
Europe   1,770    1,913 
           
Trade receivables  $1,897   $1,950 

 

An aging of the Company’s trade receivables are as follows:

 

   March 31,   December 31, 
   2026   2025 
         
Current  $1,687   $1,910 
31-60 days   -    38 
61-90 days   201    - 
Over 91 days   9    2 
           
Trade receivables  $1,897   $1,950 

 

The balance of the past due amounts relates to recurring customers and are considered collectible.