Annual report [Section 13 and 15(d), not S-K Item 405]

Note 6 - Property and Equipment

v3.26.1
Note 6 - Property and Equipment
 12 Months Ended
Dec. 31, 2025
Property, Plant and Equipment [Abstract]  
Property and equipment
6.
Property and equipment

Property and equipment consist of the following:

 

December 31, 2025

 

Cost

 

 

Accumulated
depreciation

 

 

Net book value

 

Computer hardware

 

$

5

 

 

$

5

 

 

$

—

 

Computer software

 

 

218

 

 

 

218

 

 

 

—

 

Office furniture

 

 

118

 

 

 

118

 

 

 

—

 

Leasehold improvements

 

 

171

 

 

 

167

 

 

 

4

 

Total

 

$

512

 

 

$

508

 

 

$

4

 

 

 

 

 

 

 

 

 

 

 

December 31, 2024

 

Cost

 

 

Accumulated
depreciation

 

 

Net book value

 

Computer hardware

 

$

33

 

 

$

29

 

 

$

4

 

Computer software

 

 

222

 

 

 

222

 

 

 

—

 

Office furniture

 

 

118

 

 

 

117

 

 

 

1

 

Leasehold improvements

 

 

171

 

 

 

150

 

 

 

21

 

Total

 

$

544

 

 

$

518

 

 

$

26

 

 

Depreciation expense for the years ended December 31, 2025 and 2024 was $22,000 and $32,000, respectively.