v3.26.1
Segment Information
 3 Months Ended
Mar. 31, 2026
Segment Reporting [Abstract]  
Segment Information

Note 17 - Segment Information:

 

Operating segments are defined as components of an enterprise for which separate discrete information is available for evaluation by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance.

 

The Company’s CODM is its Chief Executive Officer. The CODM has determined that the Company operates in a single operating and reportable segment and manages segment performance and resource allocation based upon consolidated net loss. The measure of segment assets is reported on the consolidated balance sheets as total consolidated assets. Significant expenses reviewed by the CODM include those that are presented in the consolidated statement of operations and comprehensive loss. The CODM evaluates actual results compared to forecasted results for consolidated net loss, including significant expenses, when making decisions about allocating resources.

 

Substantially all of the Company’s long-lived assets are located in Canada. Refer to Note 12 for additional information about the Company’s revenue by geography.

 

The following table sets forth the Company’s segment information of revenue, significant expenses and net loss:

 

   Three months ended
March 31,		 
   2026   2025 
Revenue  $2,832   $699 
Less:          
Operating expenses excluding salaries and share-based compensation:          
Cost of revenue (exclusive of depreciation and amortization below)   48    5 
Research and development   8,372    3,016 
General and administrative   7,989    980 
Sales and marketing   1,208    24 
Salaries and share-based compensation expense   11,004    8,173 
Depreciation and amortization   1,617    1,277 
Interest (income) expense, net   190    (553)
Other segment items(1)   (6,992)   (18)
Net loss  $(20,604)  $(12,205)

 

(1)Other segment items include other operating income, net, gain on fair value of earn-out liabilities and other (income) expense, net which are reflected in the consolidated statements of operations and comprehensive loss.