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Long-term investments
6 Months Ended
Jun. 30, 2025
Investments, Debt and Equity Securities [Abstract]  
Long-term investments
8. Long-term investments:
 June 30, 2025December 31, 2024
Cespira Canada LP$24,263 $25,494 
Cespira Sweden AB12,859 11,225 
Other equity-accounted investees— 147 
 $37,122 $36,866 
During the three and six months ended June 30, 2025, the Company recognized its share of Cespira's losses of $3,686 and $7,570 as a loss from investment accounted for by the equity method, respectively (three and six months ended June 30, 2024 - $1,102 and $1,102, respectively).
During the three and six months ended June 30, 2025, the Company contributed additional capital of $4,185 and $8,871 into Cespira, respectively (three and six months ended June 30, 2024 - $9,900 and $9,900, respectively).
8. Long-term investments (continued):
Combined assets, liabilities, revenue and expenses of Cespira, are as follows:
 June 30,December 31,
20252024
Current assets:
Cash and cash equivalents$9,010 $10,305 
Accounts receivable25,068 21,000 
Inventories16,512 7,414 
Prepaid expenses3,376 1,471 
53,966 40,190 
Property, plant and equipment41,409 40,901 
Intangible assets7,215 7,087 
Goodwill595 563 
Deferred tax assets102 — 
Total assets$103,287 $88,741 
Current liabilities:
Accounts payable$22,680 $16,527 
Current portion of provisions1,826 2,128 
Other current liabilities4,800 1,910 
   Deferred income tax liabilities197 — 
29,503 20,565 
Long-term portion of provisions456 532 
Other long-term liabilities290 569 
Total liabilities$30,249 $21,666 
Net assets$73,038 $67,075 
Three Months Ended June 30,Six Months Ended June 30,
 2025202420252024
Revenue$12,020 $4,059 $28,819 $4,059 
Cost of revenue13,946 3,901 30,230 3,901 
Gross profit(1,926)158 (1,411)158 
Operating expenses:
Research and development1,888 1,121 4,890 1,121 
General and administrative2,692 715 5,419 715 
Sales and marketing322 69 618 69 
Foreign exchange gain(845)— (88)— 
Depreciation and amortization860 265 1,590 265 
4,917 2,170 12,429 2,170 
Loss from operations(6,843)(2,012)(13,840)(2,012)
Interest income, net of bank charges25 — 32 — 
Loss before income taxes(6,818)(2,012)(13,808)(2,012)
Income tax (recovery) expense(72)(64)
Net loss$(6,746)$(2,016)$(13,744)$(2,016)