v3.26.1
SEGMENT INFORMATION (Tables)
12 Months Ended
Dec. 31, 2024
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENT REPORTING

Segment data for the year ended December 31, 2024 is as follows:

 

   Octomera   Therapies   Eliminations   Consolidated 
   (in thousands) 
Revenues  $533   $525   $(23)  $1,035 
Cost of revenues*   (1,351)   (633)   710    (1,274)
Gross profit (loss)   (818)   (108)   687    (239)
Cost of development services and research and development expenses*   (4,530)   (5,169)   697    (9,002)
Operating expenses*   (3,557)   (10,716)   4,178    (10,095)
Impairment of investment**   (6,509)   (11,829)   -    (18,338)
Share in net income of associated companies   -    (8)   -    (8)
Profit from deconsolidation   -    -    4,480    4,480 
Other income, net   1,022    (416)   -    606 
Depreciation and amortization   (1,558)   (771)   243    (2,086)
Loss from extinguishment in connection with convertible loan   -    (5,422)   -    (5,422)
Credit loss on convertible loan receivable   -    -    -    - 
Financial Expenses, net   (4,682)   49    125    (4,508)
Finance fees related to convertible loans to equity   -    (4,304)   -    (4,304)
Income (loss) before income taxes  $(20,632)  $(38,694)  $10,410   $(48,916)

 

*Excluding Depreciation, amortization and impairment expenses
**Relates to impairment expenses on certain property, plant and equipment.

 

Segment data for the year ended December 31, 2023 is as follows:

 

   Octomera   Therapies   Eliminations   Consolidated 
   (in thousands) 
Revenues  $68   $515   $(53)  $530 
Cost of revenues*   (9,505)   (690)   4,421    (5,774)
Gross profit (loss)   (9,437)   (175)   4,368    (5,244)
Cost of development services and research and development expenses*   (9,211)   (5,811)   4,711    (10,311)
Operating expenses*   (37,878)   (7,102)   9,892    (35,088)
Impairment of investment   -    (699)   -    (699)
Share in net income of associated companies   -    (74)   (660)   (734)
Profit from deconsolidation   -    -    (5,343)   (5,343)
Other income, net   1    3    -    4 
Depreciation and amortization   (1,765)   (782)   987    (1,560)
Credit loss on convertible loan receivable   -    (2,688)   -    (2,688)
Loss from extinguishment in connection with convertible loan   -    (283)   -    (283)
Financial Expenses, net   (573)   (2,004)   78    (2,499)
Income (loss) before income taxes  $(58,863)  $(19,615)  $14,033   $(64,445)

 

*Excluding Depreciation, amortization and impairment expenses