v3.25.2
FAIR VALUE MEASUREMENTS (Tables)
 6 Months Ended
Jun. 30, 2025
Fair Value Disclosures [Abstract]  
Summary of assets and liabilities at fair value on a recurring basis
   

June 30, 2025

  
 
  
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Marketable securities
  
$
-
    
$
9,270
    
$
-
    
$
9,270
  
 
                                
Total financial assets
  
$
-
    
$
9,270
    
$
-
    
$
9,270
  
                                 
Liabilities:
                                
Warrants (1)
  
$
-
    
$
-
    
$
56
    
$
56
  
                                 
Total financial liabilities
  
$
-
    
$
-
    
$
56
    
$
56
  
 
   

December 31, 2024

  
 
  
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Marketable securities
  
$
-
    
$
11,955
    
$
-
    
$
11,955
  
 
                                
Total financial assets
  
$
-
    
$
11,955
    
$
-
    
$
11,955
  
                                 
Liabilities:
                                
Warrants (1)
  
$
-
    
$
-
    
$
86
    
$
86
  
                                 
Total financial liabilities
  
$
-
    
$
-
    
$
86
    
$
86
  
 
  (1)
As part of the Transactions (see Note 1c), the Company assumed a derivative warrants liability related to previously issued private placement warrants in connection with Collective Growth’s initial public offering. The Company utilizes a Black-Scholes option pricing model to estimate the fair value of the private placement warrants which is considered a Level 3 fair value measurement. The warrants are measured at each reporting period, with changes in fair value recognized in financing income, net.
Summary of the change in the fair value of the derivative private warrants liability
   
Six Months Ended June 30,
  
   
2025
    
2024
  
Balance as of January 1
  
$
86
    
$
240
  
Change in fair value of warrants liability
    
(30
)
    
(149
)
Balance as of June 30
  
$
56
    
$
91