Post-effective amendment to a registration statement that is not immediately effective upon filing

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)

v3.23.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES (Tables)
 12 Months Ended
Dec. 31, 2022
Accounting Policies [Abstract]  
Schedule of Property, Plant and Equipment, Declining-Balance Method, Annual Depreciation Rates Property and equipment are recorded at cost and are depreciated over their estimated useful lives using the declining-balance method at the following annual rates:
Computer hardware and software 30  %
Networking equipment 20  %
Furniture and fixtures 20  %
Schedule of Finite-Lived Intangible Assets, Useful Lives
Identifiable intangible assets comprise assets that have a definite life amortized on a straight-line basis over their estimated useful lives as follows:
Customer relationships
10-13 years
Technology
5-9 years
Carrier contracts 10 years
Trademarks
9-10 years
Internally developed computer software
3-5 years
Schedule of Changes to Financial Statements for Adoption of Accounting Pronouncements
The cumulative after-tax effect of the changes made to our consolidated balance sheet for the adoption of ASC 842 were as follows:
(In thousands, USD) At December 31, 2021 Adjustments due to ASC 842 At January 1
2022
Operating lease right-of-use assets $ —  $ 9,278  $ 9,278 
Current portion of operating lease liabilities —  2,121  2,121 
Non-current portion of operating lease liabilities —  7,483  7,483 
Current portion of capital lease liabilities included in Accrued liabilities 191  (191) — 
Current portion of finance lease liabilities included in Accrued liabilities —  191  191 
Non-current portion of capital lease liabilities included in Other long-term liabilities 264  (264) — 
Non-current portion of finance lease liabilities included in Other long-term liabilities —  264  264 
Accrued liabilities 22,353  (326) 22,027 
The cumulative after-tax effect of the changes made to our consolidated balance sheet for the adoption of ASU 2020-06 were as follows:
(In thousands, USD) At December 31, 2021 Adjustments due to ASU 2020-06 At January 1,
2022
Long-term debt and other borrowings, net $ 399,115  $ 15,163  $ 414,278 
Additional paid-in capital 413,315  (11,613) 401,702 
Deferred tax liabilities 37,925  (3,849) 34,076 
Accumulated deficit (142,337) 299  (142,038)