XML 39 R22.htm IDEA: XBRL DOCUMENT v3.26.1
Right-of-use assets
 12 Months Ended
Dec. 31, 2025
Right-of-use Assets  
Right-of-use assets

 

13. Right-of-use assets:

 

Effective April 1, 2019, we recognized lease assets and liabilities of $125,474, in relation to the Vancouver office. We estimated a discount rate of 4.12%.

 

We elected the package of practical expedients permitted under the transition guidance within Topic 842, which allowed us to carry forward prior conclusions about lease identification, classification and initial direct costs for leases entered into prior to adoption of Topic 842.

 

Additionally, we elected to not separate lease and non-lease components for all of our leases. For leases with a term of 12 months or less, our current offices, we elected the short-term lease exemption, which allowed us to not recognize right-of-use assets or lease liabilities for qualifying leases existing at transition and new leases we may enter into in the future, as there is significant uncertainty on whether the leases will be renewed.

 

The right-of-use assets as at December 31, 2025, is summarized as follows:

  

   2025   2024   2023 
             
Opening balance for the year  $-   $6,781   $36,529 
Amortization and expiration of operating lease right-of use assets   -    (6,781)   (29,748)
Closing balance for the year  $-   $-   $6,781 

 

 

Kidoz Inc. and subsidiaries

(Expressed in United States Dollars)

 

Notes to Consolidated Financial Statements

 

Years ended December 31, 2025, 2024 and 2023

 

 

13. Right-of-use assets: (Continued)

 

The lease liability as at December 31, 2025, is summarized as follows:

  

   2025   2024   2023 
             
Opening balance for the year  $-   $7,605   $39,556 
Payments on operating lease liabilities   -    (7,605)   (31,951)
Closing balance for the year   -    -    7,605 
Less: current portion   -    -    (7,605)
Operating lease liabilities – non-current portion as at end of year  $-   $-   $-