| Property and Equipment |
Note
9. Property and Equipment
Schedule
of Property and Equipment
| | |
March 31, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| Computer equipment | |
| | | |
| | |
| At cost | |
$ | 17,371,820 | | |
$ | 16,863,167 | |
| Accumulated Depreciation | |
| (2,621,093 | ) | |
| (1,666,017 | ) |
| Total Computer Equipment | |
| 14,750,727 | | |
| 15,197,150 | |
| Other equipment | |
| | | |
| | |
| At cost | |
| 56,922 | | |
| 11,829 | |
| Accumulated Depreciation | |
| (5,081 | ) | |
| (1,204 | ) |
| Total Other Equipment | |
| 51,841 | | |
| 10,625 | |
| Total property and equipment, net | |
$ | 14,802,568 | | |
$ | 15,207,775 | |
| | |
| | | |
| | |
| Right of use assets | |
| | | |
| | |
| At cost | |
| 8,453,632 | | |
| 8,236,478 | |
| Accumulated Depreciation | |
| (1,547,169 | ) | |
| (1,095,601 | ) |
| Total right of use, net | |
| 6,906,463 | | |
| 7,140,877 | |
| Total property and equipment, net | |
$ | 21,709,031 | | |
$ | 22,348,652 | |
| Total property and equipment, net including right of use assets | |
$ | 21,709,031 | | |
$ | 22,348,652 | |
Depreciation
expense related to computer equipment amounted to $1,318 thousand for the quarter ended March 31, 2026 and $382 thousand for the quarter
ended March 31, 2025. Foreign currency translation adjustments of $93 thousand and $5 thousand were recognized for the same period.
|
Note
8. Property and Equipment
Schedule
of Property and Equipment
| | |
December 31, | | |
December 31, | |
| | |
2025 | | |
2024 | |
| Computer equipment | |
| | | |
| | |
| At cost | |
$ | 16,863,167 | | |
$ | 4,640,967 | |
| Accumulated Depreciation | |
| (1,666,017 | ) | |
| (407,672 | ) |
| Total Computer Equipment | |
| 15,197,150 | | |
| 4,233,295 | |
| Other equipment | |
| | | |
| | |
| At cost | |
| 11,828 | | |
| 380,900 | |
| Accumulated Depreciation | |
| (1,203 | ) | |
| (38,090 | ) |
| Total Office Equipment | |
| 10,625 | | |
| 342,810 | |
| Total property and equipment, net | |
$ | 15,207,775 | | |
$ | 4,576,105 | |
| | |
| | | |
| | |
| Right of use assets | |
| | | |
| | |
| At cost | |
| 8,236,479 | | |
| 1,011,179 | |
| Accumulated Depreciation | |
| (1,095,602 | ) | |
| (75,843 | ) |
| Total right of use, net | |
| 7,140,877 | | |
| 935,336 | |
| Total property and equipment, net | |
$ | 22,348,652 | | |
$ | 5,511,441 | |
Depreciation
expense related to computer equipment amounted to $2,043
thousand for the year ended December 31, 2025 and $460 thousand for the year ended December 31, 2024. Foreign currency translation adjustments of $198
thousand were recognized for the same period.
|