CAPITALIZED SOFTWARE, NET

12 Months Ended

Dec. 31, 2025

Indefinite-Lived Intangible Assets (Excluding Goodwill) [Abstract]

CAPITALIZED SOFTWARE, NET

12. CAPITALIZED SOFTWARE, NET

	For the Year Ended December 31,
	2025			2024
Cost
As at January 1		28,842			30,252
Additions		1,681			1,636
Recovery of software development expenditures		(372	)		(249	)
Disposals		-			(316	)
Exchange differences		1,594			(2,481	)
As at December 31		31,745			28,842
Accumulated amortization
As at January 1		26,294			27,802
Amortization expense		1,086			680
Exchange differences		1,356			(2,188	)
As at December 31		28,736			26,294
Net book value		3,009			2,548

Estimated amortization expense on capitalized software is $1.3 million in 2026, $1.1 million in 2027, $0.9 million in 2028, $0.5 million in 2029, and $0.2 million in 2030.