v3.25.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Cash flows from operating activities    
Net loss for the year $ (42,570) $ (27,816)
Adjustments to reconcile net loss to net cash provided by operating activities:    
Depreciation of property and equipment (note 5) 373 707
Amortization of intangible assets (note 6) 187 229
Non-cash lease expense adjustment (37) (38)
Share-based compensation (note 11) 5,490 2,581
Interest and accretion expense (note 8) 63 600
Change in amortized cost of trade and other receivables   (307)
Changes in operating assets and liabilities:    
Trade and other receivables (note 3) (172) 186
Inventory (note 4) (2,822) 656
Prepaid expenses and deposits 464 31
Accounts payable, accrued expenses and other liabilities (note 7) 378 815
Deferred revenue 371 (948)
Income taxes payable (note 13) 42  
Deferred tax liabilities (note 13)   (58)
Deferred tax assets (note 13) 26 (91)
Net cash used in operating activities (38,207) (23,453)
Cash flows from investing activities    
Purchase of property and equipment (note 5) (176)  
Purchase of intangible assets (note 6) (66)  
Net cash used in investing activities (242)  
Cash flows from financing activities    
Issuance of commons shares (note 10) 42,436 62,106
Payments of financing costs (note 10) (1,016) (4,895)
Repayments of long-term debt (note 8) (290)  
Proceeds from the exercise of stock options (note 11) 8 45
Net cash provided by financing activities 41,138 54,696
Net increase in cash and cash equivalents 2,689 31,243
Effect of exchange rate changes on cash 2,122 (2,544)
Cash, beginning of year 54,912 26,213
Cash, end of year $ 59,723 $ 54,912

Source

10-K XBRL Zip