v3.25.2
Condensed Consolidated Statements of Changes in Redeemable Convertible Preferred Shares and Shareholders’ Equity (Capital Deficiency) (Unaudited) - USD ($)
$ in Thousands
Ordinary shares
Additional paid-in capital
Accumulated other comprehensive Income (loss)
Accumulated deficit
Redeemable Convertible Preferred Shares
Convertible Preferred Shares A
Redeemable Convertible Preferred Shares
Convertible Preferred Shares B
Redeemable Convertible Preferred Shares
Convertible Preferred Shares C
Redeemable Convertible Preferred Shares
Convertible Preferred Shares D
Total
Balance at Dec. 31, 2023 $ 320 $ 35,134 $ (515) $ (171,830) $ 15,686 $ 2,292 $ 8,967 $ 43,592 $ (136,891)
Balance (in Shares) at Dec. 31, 2023 5,276,184       2,192,611 333,366 590,059 1,587,881  
Exercise of options and warrants $ 12 443             455
Exercise of options and warrants (in Shares) 196,851                
Conversion of preferred shares to Ordinary Shares prior IPO $ 1 295           $ (296) 296
Conversion of preferred shares to Ordinary Shares prior IPO (in Shares) 10,599             (10,599)  
Issuance of Ordinary Shares following initial public offering, net of offering costs 66,335             66,335
Issuance of Ordinary Shares following initial public offering, net of offering costs (in Shares) 4,411,765                
Classification of warrants to equity   28,225             28,225
Conversion of CLAs to Ordinary Shares $ 246 69,324             69,570
Conversion of CLAs to Ordinary Shares (in Shares) 4,092,330                
Conversion of preferred shares to Ordinary Shares following the IPO $ 286 69,955     $ (15,686) $ (2,292) $ (8,967) $ (43,296) 70,241
Conversion of preferred shares to Ordinary Shares following the IPO (in Shares) 4,693,318       (2,192,611) (333,366) (590,059) (1,577,282)  
Other comprehensive loss     (1,857)           (1,857)
Share-based compensation   3,324             3,324
Net loss       (36,334)         (36,334)
Balance at Jun. 30, 2024 $ 865 273,035 (2,372) (208,164) 63,364
Balance (in Shares) at Jun. 30, 2024 18,681,047        
Balance at Mar. 31, 2024 $ 320 37,294 (6,488) (185,077) $ 15,686 $ 2,292 $ 8,967 $ 43,592 (153,951)
Balance (in Shares) at Mar. 31, 2024 5,277,268       2,192,611 333,366 590,059 1,587,881  
Exercise of options and warrants $ 12 443             455
Exercise of options and warrants (in Shares) 195,767                
Conversion of preferred shares to Ordinary Shares prior IPO $ 1 295           $ (296) 296
Conversion of preferred shares to Ordinary Shares prior IPO (in Shares) 10,599             (10,599)  
Issuance of Ordinary Shares following initial public offering, net of offering costs 66,335             66,335
Issuance of Ordinary Shares following initial public offering, net of offering costs (in Shares) 4,411,765                
Classification of warrants to equity   28,225             28,225
Conversion of CLAs to Ordinary Shares $ 246 69,324             69,570
Conversion of CLAs to Ordinary Shares (in Shares) 4,092,330                
Conversion of preferred shares to Ordinary Shares following the IPO $ 286 69,955     $ (15,686) $ (2,292) $ (8,967) $ (43,296) 70,241
Conversion of preferred shares to Ordinary Shares following the IPO (in Shares) 4,693,318       (2,192,611) (333,366) (590,059) (1,577,282)  
Other comprehensive loss     4,116           4,116
Share-based compensation   1,164             1,164
Net loss       (23,087)         (23,087)
Balance at Jun. 30, 2024 $ 865 273,035 (2,372) (208,164) 63,364
Balance (in Shares) at Jun. 30, 2024 18,681,047        
Balance at Dec. 31, 2024 $ 865 275,390 (2,913) (225,012)         48,330
Balance (in Shares) at Dec. 31, 2024 18,720,287                
Exercise of options and warrants [1]              
Exercise of options and warrants (in Shares) 22,850                
Other comprehensive loss     (10,493)           (10,493)
Share-based compensation   1,537             1,537
Net loss       (21,514)         (21,514)
Balance at Jun. 30, 2025 $ 865 276,927 (13,406) (246,526)         17,860
Balance (in Shares) at Jun. 30, 2025 18,743,137                
Balance at Mar. 31, 2025 $ 865 276,288 (2,459) (235,790)         38,904
Balance (in Shares) at Mar. 31, 2025 18,733,937                
Exercise of options and warrants [1]              
Exercise of options and warrants (in Shares) 9,200                
Other comprehensive loss     (10,947)           (10,947)
Share-based compensation   639             639
Net loss       (10,736)         (10,736)
Balance at Jun. 30, 2025 $ 865 $ 276,927 $ (13,406) $ (246,526)         $ 17,860
Balance (in Shares) at Jun. 30, 2025 18,743,137                
[1] Less than $1 thousands