v3.26.1
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Dec. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (6,589) $ (1,257)  
Adjustments required to reconcile net loss for the year to net cash used in operating activities:      
Depreciation and amortization 82 3  
Issuance of shares to employees and service providers 894  
Share based compensation to employees and directors 90 [1]  
Gain from standby equity purchase agreement II (386)  
Expenses from standby equity purchase agreement II 24  
Interest in respect of loans 324 6  
Gain from deconsolidation of subsidiary (880)  
Goodwill impairment 6,291  
Change in fair value of warrant liability (50) 103  
Change in fair value of credit facility liability (134) (94)  
Change in fair value of PIPE’s warrant liability (72) 624  
Change in fair value of investment in nonconsolidated affiliate (179)  
Change in fair value of convertible loan (40) 4  
Change in fair value of solar project 18 (82)  
Change in fair value of marketable securities (472) 77  
Change in fair value of contingent considerations (343)  
Increase in accounts receivable, net (52)  
Decrease in inventory (3) 6  
Decrease (increase) in prepaid expenses and other current assets (46) 23  
Decrease in accounts payable (12) (8)  
Decrease in other liabilities (91) (7)  
Decrease in operating lease expense 4 2  
Change in operating lease liability (4) (2)  
Net cash used in operating activities (1,419) (809)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Investment in solar projects under development (116) (564)  
Purchase of property (71)  
Decrease in cash as a result of loss of control (210)  
Short term loan granted (250)  
Solar photovoltaic joint venture project (53) (362)  
Net cash used in investing activities (450) (1,176)  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from credit facility 1,105  
Repayment of credit facility (248)  
Proceeds from PIPE Agreement 1,500  
Proceeds from exercise of warrants from PIPE Agreement 175  
Repayments of promissory note (700)  
Proceeds from standby equity purchase agreement, net 2,896  
Net cash provided by financing activities 2,196 2,532  
Effect of exchange rate changes on cash and cash equivalents (4) (9)  
INCREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 323 538  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR 4,013 2,209 $ 2,209
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR 4,336 2,747 $ 4,013
Cash paid during the year for:      
Interest 77  
Non cash transactions:      
Initial recognition of operating lease liability and a corresponding right-of- use asset 24  
Reclassification of warrant liabilities to equity upon exercise of warrants 212  
Issuance of shares for future services 43  
Investment in marketable securities in exchange for shares of a subsidiary $ 1,192  
[1] Less than $1 thousand.