Annual report [Section 13 and 15(d), not S-K Item 405]

Note 16 - Income Taxes (Tables)

v3.25.1
Note 16 - Income Taxes (Tables)
12 Months Ended
Dec. 31, 2024
Notes Tables  
Schedule of Deferred Tax Assets and Liabilities [Table Text Block]
   

December 31,

 
   

2024

   

2023

 

Deferred tax assets (liabilities):

               

Non-capital losses carried forward

  $ 32,240     $ 26,044  

Research and development expenditures

    817       817  

Patents and other

    400       358  

Share-based compensation

    284       212  

Share issue costs

    275       495  

Accruals

    256       214  

Property and equipment

    (89 )     (102 )

Total deferred tax asset, net

    34,183       28,038  

Valuation allowance

    (34,183 )     (28,038 )

Net deferred tax asset

  $     $  
Schedule of Effective Income Tax Rate Reconciliation [Table Text Block]
   

December 31,

 
   

2024

   

2023

 

Statutory income tax rate

    27.0 %     27.0 %

Income tax recovery based on statutory rate

  $ (6,592 )   $ (5,225 )

Share-based compensation

    491       409  

Prior-year true-ups

    2       (71 )

Share issuance costs

    (14 )     (388 )

Other

    (2 )     17  

Change in valuation allowance

    6,145       5,301  

Income tax expense

  $ 30     $ 43  
Summary of Operating Loss Carryforwards [Table Text Block]
   

Amount

(In thousands)

   

Expiration Years

Non-capital income tax losses, net

  $ 116,064    

Beginning 2026

Research and development expense carry forwards

    3,027    

Indefinitely

Tax credits

    473    

Beginning 2025