| Property and Equipment and Right of Use Assets |
Note
9. Property and Equipment and Right of Use Assets
Schedule of Property and Equipment
| | |
June 30, | | |
December 31, | |
| | |
2026 | | |
2025 | |
| Computer equipment | |
| | | |
| | |
| At cost | |
$ | 21,171,492 | | |
$ | 16,863,167 | |
| Accumulated depreciation | |
| (3,675,250 | ) | |
| (1,666,017 | ) |
| Total computer equipment | |
| 17,496,242 | | |
| 15,197,150 | |
| Electrical equipment | |
| | | |
| | |
| At cost | |
| 8,712,037 | | |
| - | |
| Accumulated depreciation | |
| (343,641 | ) | |
| - | |
| Total electrical equipment | |
| 8,368,396 | | |
| - | |
| Capitalized software | |
| | | |
| | |
| At cost | |
| 336,543 | | |
| - | |
| Accumulated amortization | |
| (8,080 | ) | |
| - | |
| Total capitalized software | |
| 328,463 | | |
| - | |
| Other equipment | |
| | | |
| | |
| At cost | |
| 145,331 | | |
| 11,829 | |
| Accumulated depreciation | |
| (15,125 | ) | |
| (1,204 | ) |
| Total other equipment | |
| 130,206 | | |
| 10,625 | |
| Total property and equipment, net | |
$ | 26,323,307 | | |
$ | 15,207,775 | |
| | |
| | | |
| | |
| Right of use assets | |
| | | |
| | |
| At cost | |
| 8,873,684 | | |
| 8,236,478 | |
| Accumulated amortization | |
| (1,984,481 | ) | |
| (1,095,601 | ) |
| Total right of use assets, net | |
| 6,889,203 | | |
| 7,140,877 | |
| Total property and equipment, net including right of use assets | |
$ | 33,212,510 | | |
$ | 22,348,652 | |
Depreciation
and amortization expense related to property and equipment amounted to $1,881
thousand and $3,199
thousand for the three and six months ended June 30, 2026,
respectively, and $422
thousand and $804
thousand for the three and six months ended June 30, 2025,
respectively. Foreign currency translation adjustments related to property and equipment were $28
thousand and ($64)
thousand were recognized for the three and six-month ended June 30, 2026, respectively, and $79
thousand and $242
thousand for the three and six months ended June 30, 2025,
respectively.
|
Note
8. Property and Equipment
Property
and Equipment and Right of Use Assets
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.
|