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Note 5 - Property and Equipment
 3 Months Ended
Mar. 31, 2026
Notes to Financial Statements  
Property, Plant, and Equipment [Text Block]

5. Property and Equipment

 

  Property and equipment consist of the following (Dollar amounts in thousands of U.S. dollars):

 

  

March 31,

  

December 31,

 
  

2026

  

2025

 

Computer equipment

 $26,637  $26,665 

Computer software

  1,767   2,041 

Capitalized internal use software

  62,317   60,233 

Furniture and equipment

  1,662   1,662 

Vehicles and tools

  4,973   5,010 

Fiber network(1)

  272,875   272,713 

Customer equipment and installations

  29,575   28,010 

Land

  1,109   1,109 

Buildings

  9,389   9,389 

Assets under construction

  7,852   8,246 

Leasehold improvements

  428   428 
   418,584   415,506 

Less:

        

Accumulated depreciation

  143,041   133,551 
  $275,543  $281,955 

 

(1) Fiber network is presented net of $0.2 million of government grants ($0.1 million as of December 31, 2025), with an impact of $0.1 million on accumulated depreciation ($0.1 million as of December 31, 2025).

 

Depreciation of property and equipment (Dollar amounts in thousands of U.S. dollars):

 

  

Three Months Ended March 31,

 
  

2026

  

2025

 

Depreciation of property and equipment

  9,871   10,460 

 

Impairment of Property and Equipment

 

During the three months ended March 31, 2026 and March 31, 2025, the Company recognized a total impairment expense of $0.3 million and $0.2 million, respectively, related to specific network assets that were identified through routine inspections as being damaged and no longer in use and are recorded under “Network, other costs” in the Consolidated Statements of Operations and Comprehensive Loss.