XML 35 R25.htm IDEA: XBRL DOCUMENT
v3.25.3

Discontinued operations (Tables) | 9 Months Ended
--- | ---
Sep. 30, 2025
Discontinued Operations and Disposal Groups [Abstract] |
Schedule of Discontinued Operations | Major assets and liabilities of the discontinued operations were as follows:
|  | July 29, 2025 |  | December 31, 2024
Cash |  | $ | 21,112 |  |  | $ | 22,892 |
Accounts receivable |  | 58,874 |  |  | 54,316 |
Inventories |  | 55,991 |  |  | 46,858 |
Prepaid expenses |  | 14,610 |  |  | 4,332 |
|  | 150,587 |  |  | 128,398 |
Long-term investments |  | 3,454 |  |  | 2,866 |
Property, plant, and equipment |  | 43,798 |  |  | 38,836 |
Operating lease right-of-use asset |  | 20,964 |  |  | 18,196 |
Intangible assets |  | 5,054 |  |  | 5,184 |
Deferred income tax assets |  | 9,990 |  |  | 9,695 |
Goodwill |  | 2,957 |  |  | 2,876 |
Other long-term assets |  | 1,990 |  |  | 1,842 |
|  | 88,207 |  |  | 79,495 |
Total assets classified as held for sale |  | $ | 238,794 |  |  | $ | 207,893 |
Accounts payable and accrued liabilities |  | $ | 84,405 |  |  | $ | 68,688 |
Current portion of operating lease liabilities |  | 2,414 |  |  | 2,336 |
Current portion of long-term debt |  | 11,067 |  |  | 10,755 |
Current portion of warranty liabilities |  | 3,329 |  |  | 2,709 |
|  | 101,215 |  |  | 84,488 |
Long-term operating lease liabilities |  | 18,691 |  |  | 15,885 |
Long-term debt |  | 13,513 |  |  | 16,135 |
Warranty liabilities |  | 1,874 |  |  | 1,456 |
Deferred income tax liabilities |  | 1,971 |  |  | 4,029 |
Other long-term liabilities |  | 3,032 |  |  | 2,955 |
|  | 39,081 |  |  | 40,460 |
Total liabilities classified as held for sale |  | $ | 140,296 |  |  | $ | 124,948 |
5. Discontinued operations (continued): Three months ended September 30, 2025 only included activity prior to the disposal of the operations. Revenue and expenses of the discontinued operation were as follows:
|  | Three Months Ended September 30, |  | Nine Months Ended September 30,
|  | 2025 |  | 2024 |  | 2025 |  | 2024
Revenue |  | $ | 20,000 |  |  | $ | 61,374 |  |  | $ | 160,004 |  |  | $ | 193,798 |
Cost of revenue |  | 15,701 |  |  | 47,571 |  |  | 126,861 |  |  | 152,966 |
Gross profit |  | 4,299 |  |  | 13,803 |  |  | 33,143 |  |  | 40,832 |
Operating expenses: |  |  |  |  |  |  |  |
Research and development |  | 1,025 |  |  | 2,638 |  |  | 6,763 |  |  | 9,081 |
General and administrative |  | 832 |  |  | 4,290 |  |  | 8,313 |  |  | 13,331 |
Sales and marketing |  | 837 |  |  | 2,404 |  |  | 6,006 |  |  | 7,048 |
Foreign exchange (gain) loss |  | (443) |  |  | 640 |  |  | 2,166 |  |  | 723 |
Depreciation and amortization |  | 230 |  |  | 647 |  |  | 1,509 |  |  | 1,954 |
|  | 2,481 |  |  | 10,619 |  |  | 24,757 |  |  | 32,137 |
Income from discontinued operations |  | 1,818 |  |  | 3,184 |  |  | 8,386 |  |  | 8,695 |
Income from investment accounted for by the equity method |  | 119 |  |  | 221 |  |  | 591 |  |  | 666 |
Loss on disposal of operations |  | (5,085) |  |  | — |  |  | (35,268) |  |  | — |
Impairment of long-lived assets |  | — |  |  | — |  |  | (664) |  |  | — |
Interest on long-term debt |  | (55) |  |  | (663) |  |  | (930) |  |  | (1,266) |
Interest and other income, net of bank charges |  | 76 |  |  | 354 |  |  | 429 |  |  | 525 |
Income (loss) from discontinued operations before income tax |  | (3,127) |  |  | 3,096 |  |  | (27,456) |  |  | 8,620 |
Income tax expense |  | 189 |  |  | 996 |  |  | 2,307 |  |  | 2,476 |
Net income (loss) from discontinued operations |  | $ | (3,316) |  |  | $ | 2,100 |  |  | $ | (29,763) |  |  | $ | 6,144 |

X
- References No definition available. + Details
Name: | us-gaap_DiscontinuedOperationsAndDisposalGroupsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information related to a disposal group. Includes, but is not limited to, a discontinued operation, disposal classified as held-for-sale or disposed of by means other than sale or disposal of an individually significant component. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 3 -SubTopic 10 -Topic 360 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3 Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Subparagraph (b)(2) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Subparagraph (b)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 4: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 45 -Paragraph 11 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483475/205-20-45-11 Reference 5: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3A Reference 6: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4A Reference 7: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 4B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-4B Reference 8: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5A -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5A Reference 9: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5B -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5B Reference 10: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5C -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5C Reference 11: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5D -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-5D Reference 12: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 205 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 7 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-7 Reference 13: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 360 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 3A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482099/360-10-50-3A Reference 14: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Paragraph 1 -SubTopic 20 -Topic 205 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-1 Reference 15: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 205 -SubTopic 20 -Section 50 -Paragraph 3 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483499/205-20-50-3 + Details
Name: | us-gaap_ScheduleOfDisposalGroupsIncludingDiscontinuedOperationsIncomeStatementBalanceSheetAndAdditionalDisclosuresTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration