v3.26.1
Segment Reporting
12 Months Ended
Dec. 31, 2025
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 12 – SEGMENT REPORTING

 

ASC 280, “Segment Reporting,” establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker (“CODM”) in deciding how to allocate resources and in assessing performance. The Company’s business is comprised of one operating segment.

 

The Company’s CODM is its Chief Executive Officer (“CEO”), who reviews financial information presented on a consolidated basis.

 

The CODM uses consolidated net loss to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions, such as the allocation of budget between Research and development and General and Administrative expenses. Segment assets that are reviewed by the CODM is reported within the Consolidated Balance Sheet as consolidated total assets.

The table below summarizes the significant expense categories regularly reviewed by the CODM for the period commencing January 1, 2024 through July 23, 2024, for the period commencing July 24 through December 31, 2024, for the year ended December 31, 2025:

 

   Successor   Successor   Predecessor 
   For year
ended
December 31,
   For the period
commencing
July 24
through
December 31,
   For the period
commencing
January 1
through
July 23,
 
   2025   2024   2024 
             
Clinical developments   1,137    171    354 
Payroll expenses   1,096    321    98 
Professional services   514    283    131 
Other segments expenses (*)   10,702    1,309    838 
    13,449    2,084    1,421 

 

(*)Other segments expenses includes impairment loss, share based compensation and other expenses.