| PROPERTY AND EQUIPMENT |
6. PROPERTY AND EQUIPMENT | | | | | | | | | | | | | | | | | | | COMPUTER AND OFFICE EQUIPMENT | | LEASEHOLD IMPROVEMENTS | | TOTAL | | Net book amount as of January 1, 2025 | 1,319 | | | 514 | | | 1,833 | | | Additions | 781 | | | 82 | | | 863 | | | Depreciation charge (Note 20) | (510) | | | (96) | | | (606) | | | Translation differences | 103 | | | 23 | | | 126 | | | As of December 31, 2025 | 1,693 | | | 523 | | | 2,216 | | | Cost | 3,182 | | | 835 | | | 4,017 | | | Accumulated depreciation | (1,489) | | | (312) | | | (1,801) | | | Net book amount as of December 31, 2025 | 1,693 | | | 523 | | | 2,216 | | | Net book amount as of January 1, 2024 | 802 | | | 106 | | | 908 | | | Additions | 833 | | | 493 | | | 1,326 | | | Depreciation charge (Note 20) | (305) | | | (71) | | | (376) | | | | | | | | | Translation differences | (11) | | | (14) | | | (25) | | | As of December 31, 2024 | 1,319 | | | 514 | | | 1,833 | | | Cost | 2,211 | | | 708 | | | 2,919 | | | Accumulated depreciation | (892) | | | (194) | | | (1,086) | | | Net book amount as of December 31, 2024 | 1,319 | | | 514 | | | 1,833 | |
For the years ended December 31, 2025, 2024 and 2023, cash paid for the acquisition of property and equipment was $863, $1,326 and $451, respectively. For the years ended December 31, 2025, 2024 and 2023, the Company expensed low value office equipment with a net book value of $137, $166 and $143, respectively. The following is the reconciliation of depreciation expense: | | | | | | | | | | | | | | | | | | | Year ended December 31, | | 2025 | | 2024 | | 2023 | | | | | | | | Depreciation expensed to general and administrative expenses (Note 20) | 606 | | | 376 | | | 246 | | | | | | | |
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