SIGNIFICANT ACCOUNTING POLICIES (Tables)

3 Months Ended

Mar. 31, 2026

		Fair value measurements as of
Description	Fair Value Hierarchy	March 31, 2026		December 31, 2025

Financial Liabilities:
Pre-Funded Warrant Liability	Level 3		2,154		-
Derivative liability	Level 3		3,197		1,366
Warrant Liability	Level 3		4,688		-
Total liabilities measured at fair value		$	10,039	$	1,366

The following table provides the inputs used for Level 3 fair value measurements of derivative liability:

The following table provides the inputs used for Level 3 fair value measurements of warrant liability:

Derivative liability at fair value

The following table summarizes the derivative liability activity as of March 31, 2026 (in thousands):

	Derivative liability
Balance December 31, 2025	$	1,366
Issuance of derivative liability	2,478
Change in fair value		(647	)
Balance March 31, 2026	$	3,197

Pre-Funded Warrant and Warrant Liabilities at Fair Value

The following table summarizes the warrant liability activity as of March 31, 2026 (in thousands):

	Warrant liability
Balance December 31, 2025	$	-
Issuance of warrant liability	6,720
Change in fair value		122
Balance March 31, 2026	$	6,842

Disaggregation of Revenues (in thousands):

	March 31,		December 31,
	2026		2025
Trade receivable, net of credit losses	$	5,664	$	6,138
Deferred revenues (1)	$	2,174	$	2,153

During the three months ended March 31, 2026, $443 thousand of the December 31, 2025 deferred revenues balance was recognized as revenues.