Note 15 - Finance Expense (Income), net
| A. | Revaluation of warrants The gain is related to fair value adjustments of warrants. The 2024 and 2025 warrants, which are classified as financial liabilities, included a cashless exercise feature as well as customary provisions applicable upon the occurrence of a fundamental transaction. These warrants generated a gain of USD 1,524 thousand as a result of a decrease in their fair value during the period. |
| B. | Finance expenses and income |
| | |
For the year ended December 31 | |
| | |
2025 | | |
2024 | | |
2023 | |
| | |
USD thousands | |
| Finance expenses | |
| | |
| | |
| |
| Fees and interest expense | |
| 39 | | |
| 41 | | |
| 56 | |
| Loss from exchange rate differences, net | |
| - | | |
| 11 | | |
| 13 | |
| Issuance expenses (see note 9D) | |
| 943 | | |
| 406 | | |
| 2,126 | |
| Other | |
| - | | |
| 25 | | |
| - | |
| | |
| 982 | | |
| 483 | | |
| 2,195 | |
| | |
For the year ended December 31 | |
| | |
2025 | | |
2024 | | |
2023 | |
| | |
USD thousands | |
| Finance income | |
| | |
| | |
| |
| Interest income from deposits | |
| (227 | ) | |
| (260 | ) | |
| (474 | ) |
| Income from exchange rate differences, net | |
| (11 | ) | |
| - | | |
| - | |
| Changes in fair value of finance instruments (see Note 18B2) | |
| (182 | ) | |
| (608 | ) | |
| (517 | ) |
| Other | |
| (4 | ) | |
| - | | |
| (1 | ) |
| | |
| (424 | ) | |
| (868 | ) | |
| (992 | ) |
|