v3.26.1
LOANS (Tables)
12 Months Ended
Dec. 31, 2024
Loans  
SCHEDULE OF LONG TERM LOANS

The table below summarizes the Company’s outstanding long-term loans as of December 31, 2024 and December 31, 2023, respectively:

 

Principal
Amount
   Interest
Rate
   Year of
Maturity
   December 31, 2024   December 31, 2023 
(in thousands)   %       (in thousands) 
$2,600    10          2034   $           2,895   $            - 
SCHEDULE OF SHORT TERM LOANS

The table below summarizes the Company’s outstanding short-term loans as of December 31, 2024 and December 31, 2023, respectively:

 

Currency  Interest
Rate
   December 31, 2024   December 31, 2023 
   %   (in thousands) 
USD   8   $291   $258 
USD   10    5,877    61 
USD   (*)8    -    (**)331 
Euro   8    15    - 
        $6,183   $650 

 

(*)Weighted average interest.

 

(**)The terms of the loan were amended on January 1, 2024. Under the new terms, the loan became convertible into shares of Common Stock and the lender agreed to extend the maturity date to December 31, 2024. In consideration for such extension, the Company issued to the lender warrants to purchase 36,000 shares of the Company’s Common Stock at a price of $8.5 per share and granted lender the right to convert any part of the outstanding balance of the loan into Common Stock of the Company at the conversion rate of $8.5 per share. Based on its analysis, the Company concluded that this change in terms should be accounted for as a modification. This loan was converted as per the debt exchange agreement. See note 10.
SCHEDULE OF WARRANTS GRANTED

The table below summarizes the Company’s warrants granted to loan holders for the period ended December 31, 2024.

 

Date of issuance  Number of warrants   Weighted Average Exercise price   Expiration date
April 07, 2024   15,625   $1.03   December 31, 2025
April 05, 2024   24,272   $1.03   December 31, 2025
August 21, 2024   21,875   $1.03   August 20, 2029
August 21, 2024   97,088   $1.03   August 20, 2029
September 06, 2024   24,272   $1.03   September 05, 2025
September 10, 2024   1,942   $10.3   September 09, 2025
September 09, 2024   24,272   $1.03   September 08, 2029
September 17, 2024   24,272   $1.03   September 15, 2029
September 30, 2024   14,563   $1.03   September 29, 2025
October 03, 2024   200,000   $1.03   November 29, 2025
October 22, 2024   485,437   $1.03   October 21, 2025
October 30, 2024   38,834   $1.03   October 28, 2025
November 04, 2024   242,718   $1.03   November 03, 2029
November 14, 2024   194,175   $1.03   November 13, 2025
November 15, 2024   242,718   $1.03   November 14, 2029
November 29, 2024   48,544   $1.03   December 28, 2029
December 13, 2024   48,544   $1.03   December 12, 2029
December 19, 2024   48,544   $1.03   December 18, 2029
November 30, 2024   2,020,238   $1.03   March 31, 2026
December 31, 2024   250,432   $1.03   March 31, 2026
December 31, 2024   249,701   $1.03   March 31, 2026
December 31, 2024   149,302   $1.03   March 31, 2026
December 31, 2024   1,012,037   $1.03   December 30, 2029
December 31, 2024   48,970   $1.03   December 30, 2029
December 31, 2024   48,784   $1.03   December 30, 2029
December 31, 2024   48,704   $1.03   December 30, 2029
December 31, 2024   246,909   $1.03   December 30, 2029
December 31, 2024   250,234   $1.03   December 30, 2029
Total   6,123,006   $1.03