v3.26.1
Intangible assets
6 Months Ended
Jun. 30, 2026
Intangible assets  
Intangible assets

6

Intangible assets

The major components of intangible assets as of June 30, 2026 and December 31, 2025 consist of:

June 30, 2026

December 31, 2025

$

$

  ​ ​ ​

Weighted

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

  ​ ​ ​

Average

  ​

Remaining

Accumulated

  ​

  ​

  ​ ​ ​

Accumulated

  ​ ​ ​

Useful

Gross

Amortization

Net

Gross

Amortization

Net

Lives

Carrying

and

Carrying

Carrying

and

Carrying

(Years)

Amount

Impairments

  ​ ​ ​

Amount

Amount

Impairments

Amount

Exclusive license agreement

3.1

231

(171)

60

231

(158)

73

Software

978

(978)

978

(978)

Distribution rights

14.3

66

(5)

61

66

(1)

65

1,275

(1,154)

121

1,275

(1,137)

138

The Company has a license agreement (the license) with Sunnybrook Health Sciences Centre (Sunnybrook), pursuant to which Sunnybrook licenses to the Company certain intellectual property and exclusively licensed-in rights that enable the Company to use Sunnybrook’s technology for MRI-guided trans-urethral ultrasound therapy. The Company has the option to acquire rights to improvements to the relevant technology and intellectual property. If the Company fails to comply with any of its obligations or otherwise breaches this agreement, Sunnybrook may have the right to terminate the license.