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Intangible assets

6 Months Ended

Jun. 30, 2025

Intangible assets

Intangible assets

6	Intangible assets

The major components of intangible assets as of June 30, 2025 and December 31, 2024 consist of:


				June 30, 2025						December 31, 2024
				$						$
		Weighted
		Average
		Remaining				Accumulated						Accumulated
		Useful		Gross		Amortization		Net		Gross		Amortization		Net
		Lives		Carrying		and		Carrying		Carrying		and		Carrying
		(Years)		Amount		Impairments		Amount		Amount		Impairments		Amount
Exclusive license agreement		4.2		231		(148)		83		231		(142)		89
Software		0.6		978		(886)		92		978		(806)		172
				1,209		(1,034)		175		1,209		(948)		261

The Company has a license agreement (the license) with Sunnybrook Health Sciences Centre (Sunnybrook), pursuant to which Sunnybrook licenses to the Company certain intellectual property and exclusively licensed-in rights that enable the Company to use Sunnybrook’s technology for MRI-guided trans-urethral ultrasound therapy. The Company has the option to acquire rights to improvements to the relevant technology and intellectual property. If the Company fails to comply with any of its obligations or otherwise breaches this agreement, Sunnybrook may have the right to terminate the license.