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INVENTORY
12 Months Ended
Dec. 31, 2025
Inventory Disclosure [Abstract]  
INVENTORY

10. INVENTORY

 

 

 

As at December 31,

 

 

 

2025

 

 

2024

 

Raw material

 

 

15,252

 

 

 

14,198

 

Allowance for obsolescence

 

 

(523

)

 

 

(863

)

Work in progress

 

 

1,028

 

 

 

1,774

 

 

 

 

15,757

 

 

 

15,109

 

 

As of December 31, 2025, the Company had $0.5 million (2024 - $0.9 million) provided for inventory that is not expected to be used in future production and the associated expense has been recorded to cost of goods sold. During 2025, the Company wrote off $0.8 million of inventory against the provision (2024 - $1.7 million) and made an additional provision of $0.4 million (2024 - $1.0 million). In addition, the Company recorded direct write offs against inventory of $nil (2024 - $0.1 million). Production overheads capitalized in work in progress were $0.3 million at December 31, 2025 (2024 - $0.4 million).