v3.25.1
Taxes on Income (Tables)
12 Months Ended
Dec. 31, 2024
Taxes on Income [Abstract]  
Schedule of Provision for Income Taxes The components of the provision for income taxes are as follows:
    Year ended December 31, 
(in thousands)   2024    2023    2022 
Current tax  $
-
   $
-
   $
-
 
Deferred tax   
-
    
-
    
-
 
Provision for income taxes, net  $
-
   $
-
   $
-
 
Schedule of Reconciliation of Effective Tax Rate A reconciliation between the Company’s effective tax rate and the statutory rate are as follows:
   Year ended December 31, 
   2024   2023   2022 
Statutory tax rate   23%   23%   23%
Permanent differences   1%   1%   
-
%
Exchange rate differences   
-
%   (3)%   (3)%
Change in valuation allowance   (24)%   (21)%   (20)%
Effective tax rate   
-
    
-
    
-
 
Schedule of Deferred Tax Liabilities and Assets

Components of the Company’s deferred tax liabilities and assets are as follows:

 

   Year ended December 31, 
(in thousands)  2024   2023 
Tax assets in respect of:        
Accrued employees’ and directors’ compensation  $324   $205 
Stock based compensation   2,289    1,813 
Research and development expenses   2,847    4,016 
Fixed assets   137    159 
Loss on disposal group of assets held for sale   177    710 
Net loss carryforward   31,520    26,831 
Total deferred tax assets   37,294    33,734 
Less - valuation allowance   (37,294)   (33,734)
Deferred tax assets  $
-
   $
-