v3.26.1
PROPERTY, PLANTS AND EQUIPMENT
 12 Months Ended
Dec. 31, 2024
Property, Plant and Equipment [Abstract]  
PROPERTY, PLANTS AND EQUIPMENT

NOTE 7 – PROPERTY, PLANTS AND EQUIPMENT

 

The following table represents the components of property, plants and equipment:

 

   2024   2023 
   December 31, 
   2024   2023 
   (in thousands) 
Cost:          
Production facility  $341   $55 
Office furniture and computers   287    242 
Lab equipment   10,010    1,061 
Advance payment   2,526    692 
Subtotal   13,164    2,050 
Less – accumulated depreciation   (12,586)   (575)
Total  $578   $1,475 

 

Depreciation expense for the years ended December 31, 2024 and December 31, 2023 were $1,360 thousand and $839 thousand, respectively.

 

Impairment expense for the years ended December 31, 2024 and December 31, 2023 were $8,752 thousand and $0 thousand, respectively (see note 1).

 

Property, plants and equipment, net by geographical location were as follows:

 

   2024   2023 
   December 31, 
   2024   2023 
   (in thousands) 
         
Belgium  $-   $29 
Greece   147    - 
Netherlands   181    289 
Israel   -    56 
U.S.   250    1,101 
Total  $578   $1,475