v3.25.2
Segment Information
 6 Months Ended
Jun. 30, 2025
Segment Information [Abstract]  
SEGMENT INFORMATION

NOTE 7 – SEGMENT INFORMATION

 

The Company has one operating and reportable segment, drone insulators washing activity.

 

The chief operating decision maker evaluates segment performance primarily based on segment operating loss.

 

The following table presents information about the Company’s reportable segments for the six and three months ended June 30, 2025 and 2024. The Company has not changed the composition of its reportable segments since its last annual report.

 

   Six months ended   Three months ended 
   June 30   June 30 
   2025   2024   2025   2024 
                 
Revenue from drones insulators washing   127    
-
    127    
-
 
Cost of revenues from drones insulators washing   (63)   
-
    (55)   
-
 
Gross profit   64    
-
    72    
-
 
                     
Other revenues   16    
-
    16    
-
 
                     
Research and development expenses   (45)   (117)   (24)   (78)
Depreciation   (9)   (9)   (4)   (4)
Professional services   (357)   (296)   (181)   (155)
Share base compensation   (77)   (27)   (67)   (12)
Other general and administrative expenses   (130)   (74)   (62)   (44)
Operating loss   (538)   (523)   (250)   (293)
                     
Interest expenses   (71)   (46)   (41)   (24)
Interest income   71    82    32    39 
Other expenses   (10)   
-
    (10)   
-
 
Net loss   (548)   (487)   (269)   (278)

 

For the six months ended June 30, 2025 and 2024, the Company’s operations were mostly confined to Israel. As of June 30, 2025 and 2024, all of the fixed assets of the Company were located in Israel.