v3.25.2
Property and Equipment, Net
 12 Months Ended
Dec. 31, 2024
Property and Equipment, Net [Abstract]  
PROPERTY AND EQUIPMENT, NET

NOTE 4 - PROPERTY AND EQUIPMENT, NET

 

Composition:

 

   December 31, 
   2024   2023 
Cost:        
Office furniture and equipment  $827 $  827 
Laboratory equipment   1,938    1,938 
Computers and auxiliary equipment   571    571 
    3,336    3,336 
Accumulated depreciation   3,336    1,749 
Impairment of fixed assets    
-
    1,426 
Property and equipment, net  $
-
   $161 

 

(1) Depreciation expenses amounted to $161, $212 and $404 for the years ended December 31, 2024, 2023, and 2022 respectively.

On June 6, 2023, the Company announced that following a review of its business, resources and capabilities, it is exploring strategic alternatives (see Note 1A(4)).

 

As a result, due to changes in circumstances that indicate that the carrying amount of an asset (or asset group) mainly laboratory equipment for CRC screening development activities may not be recoverable, the Company reviewed such assets for impairment in accordance with ASC 360-10 “Accounting for the Impairment or Disposal of Long-Lived Assets” and determined that the fixed assets are considered to be impaired by the amount by which the carrying amount of the assets exceeds the fair value of the assets. Therefore, the Company recorded an impairment loss of 1,426 for the year ended December 31, 2023.