LEASES

12 Months Ended

Dec. 31, 2024

Presentation of leases for lessee [abstract]

10.

LEASES

(a)	Lease receivable

On April 5, 2023, NexGen completed a purchase agreement whereby the Company acquired $4,100 of equipment and immediately thereafter leased the equipment to a third party. The lease payments commence the first day of the month following the

six-month

anniversary of the date the equipment was delivered.

The undiscounted value of the remaining lease payments as at December 31, 2024 is as follows:


	Less than 1 year		1 to 3 years		4 to 5 years		Over 5 years		Total
Lease receivable	$	512	$	1,025	$	512	$	1,453	$	3,502



	December 31, 2024		December 31, 2023
Current portion		$ 512		$ 512

Non-current portion		2,990		3,502

Balance, end of period		$ 3,502		$ 4,014

(b)	Right-of-use assets



	December 31, 2024		December 31, 2023
Right-of-use assets, beginning of period	$	1,474	$	1,933
Additions		-		246
Depreciation		(790)		(705)
Balance, end of period	$	684	$	1,474

The

right-of-use

assets are related to corporate office and warehouse leases, and are included in the Other category in Note 6.

(c)	Lease liabilities



	December 31, 2024		December 31, 2023
Lease liabilities, beginning of period	$	1,942	$	2,463
Additions		-		254
Interest expense on lease liabilities		110		153
Payment of lease liabilities		(1,035)		(928)
Balance, end of period	$	1,017	$	1,942

Current portion		926		926
Non-current portion		91		1,016
Balance, end of period	$	1,017	$	1,942

The undiscounted value of the lease liabilities as at December 31, 2024 was $1,476 (December 31, 2023 - $2,952).

(d)	Amounts recognized in consolidated statements of net income (loss)


	For the year ended December 31,

	2024		2023
Expense relating to variable lease payments	$	453	$	417