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Segment reporting
6 Months Ended
Jun. 30, 2025
Segment reporting  
Segment reporting

13

Segment reporting

The Company’s operations are categorized into one industry segment, which is medical technology focused on magnetic resonance guided ablation procedures for the treatments to ablate the prostate gland, uterine fibroids, osteoid osteoma and nerves for palliative pain relief for patients with metastatic bone disease. The CODM regularly reviews the operating results of the Company on a consolidated basis as part of making decisions for allocating resources and evaluating performance. Further, the CODM is regularly provided with the consolidated expenses as noted on the consolidated statements of operations and comprehensive loss.

The following tables represent total revenue by geographic area, based on the location of the location of the reporting entity for the three and six months ended June 30, 2025 and 2024, respectively:

 

For the three months ended June 30, 2025

Canada

USA

Germany

Total

    

$

    

$

    

$

    

$

Revenue

Recurring - non-capital

94

1,327

140

1,561

Capital equipment

650

650

94

1,977

140

2,211

For the three months ended June 30, 2024

Canada

USA

Germany

Total

    

$

    

$

    

$

    

$

Revenue

 

 

 

Recurring - non-capital

99

1,101

260

1,460

Capital equipment

 

773

 

 

773

 

872

 

1,101

260

 

2,233

For the six months ended June 30, 2025

Canada

USA

Germany

Total

    

$

    

$

    

$

    

$

Revenue

 

 

 

Recurring - non-capital

376

2,620

366

3,362

Capital equipment

 

570

 

900

 

1,470

 

946

 

3,520

366

 

4,832

For the six months ended June 30, 2024

Canada

USA

Germany

Total

    

$

    

$

    

$

    

$

Revenue

 

 

 

Recurring - non-capital

203

2,259

437

2,899

Capital equipment

 

773

 

 

773

 

976

 

2,259

437

 

3,672

The following tables represent other geographic information for the six months ended June 30, 2025 and the year ended December 31, 2024:

For the period ended June 30, 2025

Canada

USA

Germany

China

Finland

Total

    

$

    

$

    

$

    

$

    

$

    

$

Total assets

 

38,180

 

6,802

 

1,502

 

60

 

3,124

 

49,668

Intangible assets

 

175

 

 

 

 

 

175

Property and equipment

 

69

 

209

 

 

 

 

278

Right-of-use assets

 

303

 

 

 

 

 

303

Amortization of intangible assets

 

86

 

 

 

 

 

86

Depreciation of property and equipment

 

23

 

195

 

 

 

 

218

For the year ended December 31, 2024

Canada

USA

Germany

China

Finland

Total

    

$

    

$

    

$

    

$

    

$

    

$

Total assets

 

58,743

 

6,351

 

1,661

 

92

 

3,387

 

70,234

Intangible assets

 

261

 

 

 

 

 

261

Property and equipment

 

93

 

332

 

 

 

 

425

Right-of-use assets

 

396

 

 

 

 

 

396

Amortization of intangible assets

 

229

 

 

 

 

 

229

Depreciation of property and equipment

 

66

 

641

 

 

 

 

707