LEASES (Tables)

12 Months Ended

Dec. 31, 2025

Balance Sheet Information Relating to Operating Leases

The table below discloses the balance sheet information relating to the Group’s operating leases:

(in thousands)	Balance sheet Classification	2025 $		2024 $
ROU assets	Operating lease ROU assets		1,995		1,085
Current liability	Current Operating lease liabilities		566		747
Non-current liability	Non-current Operating lease liabilities		1,678		645

ROU Assets in Exchange for Lease Liabilities

The following table summarizes the ROU assets obtained in exchange for lease liabilities and as a result of lease modifications:


(in thousands)	2025 $		2024 $
ROU assets obtained in exchange for new operating lease liabilities		1,553		25
Non-cash changes related to lease modifications, net of lease incentive		289		270

Maturity of Operating Lease Liabilities

The following table summarizes the maturities of the Company’s operating leases at December 31, 2025. The amounts disclosed in the table are the contractual undiscounted cash flows. It is not expected that the cash flows included in the below maturity analysis could occur significantly earlier, or at significantly different amounts.

Fiscal year (in thousands)	Operating Leases $
2026		781
2027		627
2028		646
2029		567
2030		140
Total expected lease payments		2,761
Less imputed interest		(517	)
Total lease liabilities		2,244