v3.25.2
Income Tax (Tables)
12 Months Ended
Dec. 31, 2024
Income Tax  
Schedule of composition of income tax expense (income)

Year ended December 31

    

2022

    

2023

    

2024

Current tax expense

$

845

 

73

 

397

Deferred tax expenses (income)

 

(581)

 

(11)

 

Income tax expense (income)

$

264

 

62

 

397

Schedule of loss before taxes on income

Year ended December 31

    

2022

    

2023

    

2024

Domestic

    

$

(217,330)

    

(45,319)

    

(83,768)

Foreign

 

(12,348)

(11,694)

(15,693)

$

(229,678)

(57,013)

(99,461)

Schedule of deferred tax assets and liabilities

December 31,

    

2023

    

2024

Carry forward tax losses

$

66,434

 

93,628

Development expenses

 

10,017

 

6,464

Unrealized loss on securities

 

9,046

 

21,065

Accrued employee costs

 

442

 

436

Other

 

33

 

Deferred tax assets before valuation allowance

 

85,972

 

121,593

Less: valuation allowance

 

(85,972)

 

(121,593)

Total deferred tax assets

 

 

Deferred tax liabilities:

 

  

 

  

Other

 

(75)

 

Deferred tax assets before valuation allowance

$

(75)

 

Schedule of reconciliation of corporation tax rate to Company's effective tax rate

Year ended December 31

 

    

2022

    

2023

    

2024

 

Statutory tax rate in Israel

 

23

%  

23

%  

23

%

Nondeductible items

 

(3)

%  

(9)

%  

(4)

%

Change in valuation allowance

 

(20)

%  

(14)

%  

(19)

%

Income tax expense (income)