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Property, plant and equipment | 12 Months Ended
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Dec. 31, 2024
Property, plant and equipment [abstract] |
Property, plant and equipment | Property, plant and equipment:
|  | December 31, 2024 |  | December 31, 2023
Property, plant and equipment owned |  | $ | 9,000 |  |  | $ | 102,206 |
Right-of-use assets |  | 21,424 |  |  | 14,119 |
|  | $ | 30,424 |  |  | $ | 116,325 |
Property, plant and equipment owned
Net carrying amounts |  | December 31, 2024 |  | December 31, 2023
Computer equipment |  | $ | 545 |  |  | $ | 1,405 |
Furniture and fixtures |  | 3,300 |  |  | 1,436 |
Leasehold improvements |  | 3,600 |  |  | 2,245 |
Production and test equipment |  | 95,081 |  |  | 97,120 |
Impairment reserve |  | (93,526) |  |  | — |
|  | $ | 9,000 |  |  | $ | 102,206 |
Cost | December 31, 2023 |  | Additions |  | Disposals |  | Reclass |  | Effect of movements in exchange rates |  | December 31, 2024
Building | $ | — |  |  | $ | 852 |  |  | $ | — |  |  | $ | (852) |  |  | $ | — |  |  | $ | — |
Computer equipment | 7,356 |  |  | 178 |  |  | — |  |  | — |  |  | — |  |  | 7,534 |
Furniture and fixtures | 2,764 |  |  | 10 |  |  | (376) |  |  | 3,101 |  |  | (3) |  |  | 5,496 |
Leasehold improvements | 10,780 |  |  | 1,227 |  |  | — |  |  | 2,335 |  |  | 7 |  |  | 14,349 |
Production and test equipment | 146,097 |  |  | 23,075 |  |  | — |  |  | (5,574) |  |  | (10) |  |  | 163,588 |
| $ | 166,997 |  |  | $ | 25,342 |  |  | $ | (376) |  |  | $ | (990) |  |  | $ | (6) |  |  | $ | 190,967 |
Accumulated depreciation | December 31, 2023 |  | Depreciation |  |  |  |  |  |  |  | Disposals |  | Impairment |  | Reclass |  | Effect of movements in exchange rates |  | December 31, 2024
Building | $ | — |  |  | $ | — |  |  |  |  |  |  |  |  | $ | — |  |  | $ | 852 |  |  | $ | (852) |  |  |  |  | $ | — |
Computer equipment | 5,951 |  |  | 455 |  |  |  |  |  |  |  |  | — |  |  | 585 |  |  | — |  |  | (2) |  |  | 6,989 |
Furniture and fixtures | 1,328 |  |  | 474 |  |  |  |  |  |  |  |  | (200) |  |  | 458 |  |  | 140 |  |  | (4) |  |  | 2,196 |
Leasehold improvements | 8,535 |  |  | 1,171 |  |  |  |  |  |  |  |  | 87 |  |  | 850 |  |  | 109 |  |  | (3) |  |  | 10,749 |
Production and test equipment | 48,977 |  |  | 6,714 |  |  |  |  |  |  |  |  | — |  |  | 13,199 |  |  | (387) |  |  | 4 |  |  | 68,507 |
Impairment reserve | — |  |  | (1,550) |  |  |  |  |  |  |  |  | — |  |  | 95,076 |  |  | — |  |  | — |  |  | $ | 93,526 |
| $ | 64,791 |  |  | $ | 7,264 |  |  |  |  |  |  |  |  | $ | (113) |  |  | $ | 111,020 |  |  | $ | (990) |  |  | $ | (5) |  |  | $ | 181,967 |
During the year ended December 31, 2024, the Corporation recognized impairment charges on property, plant, and equipment of $111,020,000 consisting of a net fair value impairment allowance against consolidated capital assets of $95,076,000 to impair these operating assets to their estimated residual fair value of approximately $9,000,000 (based on a level 3 fair value determination) and a write-down of certain specific assets of $15,944,000 located primarily in Canada, Denmark, and China, primarily as a result of the global corporate restructuring initiated in September 2024. In the event that the Corporation's market capitalization recovers in the future, this impairment may be reversed. During the year ended December 31, 2024, the Corporation disposed of certain small stationary assets in Denmark consisting of property, plant, and equipment of $263,000 and inventory of $2,907,000 for net proceeds of $3,170,000, resulting in a gain/loss of $nil. 9. Property, plant and equipment (cont'd): Property, plant and equipment owned (cont'd) During the year ended December 31, 2023, impairment charges of $967,000 consisted primarily of a write-down of assets in China of $936,000 and charges of $31,000 for production and test equipment that was never placed in service and was determined not required to support the Corporation's future manufacturing or testing capabilities.
Cost | December 31, 2022 |  | Additions |  |  |  | Disposals |  | Reclass |  | Effect of movements in exchange rates |  | December 31, 2023
Building | $ | — |  |  | $ | 936 |  |  |  |  | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 936 |
Computer equipment | 6,741 |  |  | 745 |  |  |  |  | — |  |  | (130) |  |  | — |  |  | 7,356 |
Furniture and fixtures | 2,406 |  |  | 328 |  |  |  |  | — |  |  | — |  |  | 30 |  |  | 2,764 |
Leasehold improvements | 9,650 |  |  | 1,103 |  |  |  |  | — |  |  | — |  |  | 27 |  |  | 10,780 |
Production and test equipment | 109,202 |  |  | 38,102 |  |  |  |  | (111) |  |  | (1,041) |  |  | (55) |  |  | 146,097 |
| $ | 127,999 |  |  | $ | 41,214 |  |  |  |  | $ | (111) |  |  | $ | (1,171) |  |  | $ | 2 |  |  | $ | 167,933 |
Accumulated depreciation | December 31, 2022 |  | Depreciation |  | Disposals |  | Impairment |  | Reclass |  | Effect of movements in exchange rates |  | December 31, 2023
Building | $ | — |  |  | $ | — |  |  | $ | — |  |  | $ | 936 |  |  | $ | — |  |  | $ | — |  |  | $ | 936 |
Computer equipment | 5,534 |  |  | 491 |  |  | — |  |  | — |  |  | (73) |  |  | (1) |  |  | 5,951 |
Furniture and fixtures | 1,083 |  |  | 245 |  |  | — |  |  | — |  |  | (12) |  |  | 12 |  |  | 1,328 |
Leasehold improvements | 8,100 |  |  | 431 |  |  | — |  |  | — |  |  | 4 |  |  | — |  |  | 8,535 |
Production and test equipment | 42,938 |  |  | 7,132 |  |  | (23) |  |  | 31 |  |  | (1,090) |  |  | (11) |  |  | 48,977 |
| $ | 57,655 |  |  | $ | 8,299 |  |  | $ | (23) |  |  | $ | 967 |  |  | $ | (1,171) |  |  | $ | — |  |  | $ | 65,727 |
Right-of-use assets The Corporation leases certain assets under lease agreements, comprising primarily of leases of land and buildings, office equipment and vehicles (note 18).
Net carrying amounts included in property, plant and equipment | December 31, 2024 | December 31, 2023
Property | $ | 21,179 |  | $ | 13,691 |
Equipment | 34 |  | 70 |
Vehicle | 211 |  | 358 |
| $ | 21,424 |  | $ | 14,119 |
Cost | December 31, 2023 |  | Additions |  | De-recognition |  | Reclass |  | Effect of movements in exchange rates |  | December 31, 2024
Property | $ | 34,447 |  |  | $ | 13,460 |  |  | $ | (14,731) |  |  | $ | 102 |  |  | $ | 14 |  |  | $ | 33,292 |
Equipment | 176 |  |  | — |  |  | — |  |  | — |  |  | — |  |  | 176 |
Vehicle | 637 |  |  | 91 |  |  | (353) |  |  | 263 |  |  | (10) |  |  | 628 |
| $ | 35,260 |  |  | $ | 13,551 |  |  | $ | (15,084) |  |  | $ | 365 |  |  | $ | 4 |  |  | $ | 34,096 |
9. Property, plant and equipment (cont'd): Right-of-use assets (cont'd)
Accumulated depreciation | December 31, 2023 |  | Depreciation |  | De-recognition |  | Reclass |  | Effect of movements in exchange rates |  | December 31, 2024
Property | $ | 20,757 |  |  | $ | 3,794 |  |  | $ | (12,434) |  |  | $ | 1 |  |  | $ | (5) |  |  | $ | 12,113 |
Equipment | 106 |  |  | 35 |  |  | — |  |  | — |  |  | 1 |  |  | 142 |
Vehicle | 278 |  |  | 121 |  |  | (353) |  |  | 364 |  |  | 7 |  |  | 417 |
| $ | 21,141 |  |  | $ | 3,950 |  |  | $ | (12,787) |  |  | $ | 365 |  |  | $ | 3 |  |  | $ | 12,672 |
Cost | December 31, 2022 |  | Additions |  | De-recognition |  | Effect of movements in exchange rates |  | December 31, 2023
Property | $ | 28,844 |  |  | $ | 5,676 |  |  | $ | (73) |  |  | $ | — |  |  | $ | 34,447 |
Equipment | 188 |  |  | — |  |  | (11) |  |  | (1) |  |  | 176 |
Vehicle | 637 |  |  | 150 |  |  | (135) |  |  | (15) |  |  | 637 |
| $ | 29,669 |  |  | $ | 5,826 |  |  | $ | (219) |  |  | $ | (16) |  |  | $ | 35,260 |
Accumulated depreciation | December 31, 2022 |  | Depreciation |  | De-recognition |  | Effect of movements in exchange rates |  | December 31, 2023
Property | $ | 17,357 |  |  | $ | 3,382 |  |  | $ | (3) |  |  | $ | 21 |  |  | $ | 20,757 |
Equipment | 72 |  |  | 41 |  |  | (7) |  |  | — |  |  | 106 |
Vehicle | 223 |  |  | 109 |  |  | (58) |  |  | 4 |  |  | 278 |
| $ | 17,652 |  |  | $ | 3,532 |  |  | $ | (68) |  |  | $ | 25 |  |  | $ | 21,141 |

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