v3.26.1
Condensed Consolidated Interim Balance Sheets (Unaudited)
€ in Thousands, $ in Thousands
Mar. 31, 2026
USD ($)
Dec. 31, 2025
USD ($)
Current Assets    
Cash and cash equivalents $ 4,299 $ 3,832
Restricted cash 37 37
Investment in marketable securities (Note 5 (2), 6) 1,902 239
Accounts receivable 130 134
Short term loan (Note 5(1)) 436 396
Prepaid expenses 894 961
Other current assets 525 166
Assets held for sale 249
Total Current assets 8,223 6,014
Long term prepaid expenses 121 161
Right-of-use asset arising from operating leases 14 16
Property and equipment, net 89 26
Solar photovoltaic joint venture project (Note 5) 2,779 2,744
Solar projects under development 845 725
Goodwill (Note 4) 6,291
Intangible asset (Note 3) 4,328 4,428
Total assets 16,399 20,405
Current Liabilities    
Short term loan (Note 10 (2)) 364 740
Accounts payable 23 6
Other liabilities 1,325 416
Current warrant liabilities 28 78
Liabilities held for sale 194
Total current liabilities 1,740 1,434
Non current operating lease liabilities 6 8
Credit facility (Note 9) 103 237
Stock purchase warrants liability (Note 10(1)) 41 113
Contingent considerations (Note 3) 929 2,141
Deferred taxes liability 719 742
Total liabilities 3,538 4,675
Stockholders’ Equity    
Common stock, $ 0.0001 par value (“Common Stock”): 495,000,000 shares authorized as of March 31, 2026 and December 31, 2025; issued and outstanding 730,459 and 396,386 shares as of March 31, 2026 and December 31, 2025, respectively. [1],[2]
Preferred stock, $ 0.0001 par value (“Preferred Stock”): 5,000,000 shares authorized as of March 31, 2026 and December 31, 2025; issued and outstanding 0 shares as of March 31, 2026 and December 31, 2025. [1]
Additional paid-in capital [1] 58,144 54,605
Foreign currency translation adjustments [1] (35) (38)
Accumulated deficit [1] (45,137) (38,557)
Total Company’s stockholders’ equity [1] 12,972 16,010
Non-controlling interests [1] (111) (280)
Total stockholders’ equity [1] 12,861 15,730
Total liabilities and stockholders’ equity [1] $ 16,399 $ 20,405
[1] Adjusted to reflect one (1) for seven (7) reverse stock split in April 2026 (see note 1B).
[2] Less than $1 thousand.