v3.26.1
SHAREHOLDERS' EQUITY (Tables)
3 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of fair value for options granted
    Three Months Ended March 31,  
    2026     2025  
Expected volatility   95.1 %   -  
Risk-free rate     4.1 %     -  
Dividend yield     -       -  
Expected term (in years)     6.08       -  
Share price   $ 6.53       -  
Schedule of stock options activity
    Number    

Weighted

average

exercise

price

   

Weighted

average

remaining

contractual

life (years)

   

Aggregate

intrinsic

value (in 

thousands)

 
Options outstanding as of December 31, 2025   52,450     $ 13.86     9.43     $ -  
Granted   212,692     6.53     -     -  
Exercised     -       -       -       -  
Forfeited     (3 )     2,142       -       -  
Options outstanding as of March 31, 2026     265,139     $ 10.41       9.83     $ 21  
                                 
Options exercisable as of March 31, 2026     364     $ 1,979.98       0.21     $ -  
Schedule of employee and non-employee RSUs activity
   

Number of

shares

underlying

outstanding

RSUs

   

Weighted-

average

grant date

fair value

 
Unvested RSUs as of December 31, 2025   $ 73,433     $ 15.30  
Granted   45,941     6.53  
Vested     (3,791 )     9.52  
Forfeited     (7,802 )     13.80  
Unvested RSUs as of March 31, 2026   $ 107,781     $ 11.88  
Schedule of options and RSUs outstanding
Range of exercise price  

Options and RSUs 

outstanding as of

 March 31, 2026

   

Weighted

average 

remaining 

contractual 

life (years) (1)

   

Options outstanding and 

exercisable as of

March 31, 2026

   

Weighted

average

remaining

contractual 

life (years) (1) 

 
RSUs only   107,781     -     -     -  
$6.53   212,692     9.99     -     -  
$8.6   18,750     9.38     -     -  
$14.70   33,333     9.18     -     -  
$450.70   147     -     147     -  
$2,257.5-$18,270   217     0.35     217     0.35  
    372,920     9.83     364     0.21  

 

(1) Calculation of weighted average remaining contractual term does not include the RSUs that were granted, which have an indefinite contractual term.
Schedule of non-cash share-based compensation expense
    Three Months Ended March 31,  
    2026     2025  
Cost of revenues   $ 5     $ 4  
Research and development, net     37       36  
Sales and marketing     58       82  
General and administrative     77       98  
Total   $ 177     $ 220  
Schedule of warrants outstanding and exercisable
Issuance date  

Warrants

outstanding

   

Exercise price

per warrant

   

Warrants

outstanding

and

exercisable 

   

Contractual 

term 

 
    (number)           (number)        
December 8, 2020 (1)   6,984     $ 112.56       6,984       June 8, 2026  
December 8, 2020 (2)     1,294     $ 150.54       1,294       June 8, 2026  
February 26, 2021 (3)     64,998     $ 302.40       64,998       August 26, 2026  
February 26, 2021 (4)     7,800     $ 384.56       7,800       August 26, 2026  
September 29, 2021 (5)     95,314     $ 168.00       95,314       March 29, 2027  
September 29, 2021 (6)     11,437     $ 213.68       11,437       September 27, 2026  
January 8, 2025 (7)     151,514     $ 33.00       151,514       January 10, 2028  
January 8, 2025 (8)     9,088     $ 41.25       9,088       January 10, 2028  
June 26, 2025 (9)     333,328     $ 7.8       333,328       June 26, 2030  
June 26, 2025 (10)     20,000     $ 9.75       20,000       June 26, 2030  
      701,757               701,757          

 

(1) Represents warrants that were issued to certain institutional purchasers in a private placement in the Company’s private placement offering of ordinary shares in December 2020. As of March 31, 2026, 42,834 warrants were exercised for a total consideration of $4,821,416. During the three months that ended March 31, 2026, no warrants were exercised.

 

(2) Represents warrants that were issued to the placement agent as compensation for its role in the Company’s December 2020 private placement. As of March 31, 2026, 2,690 warrants were exercised for a total consideration of $405,003. During the three months that ended March 31, 2026, no warrants were exercised.

 

(3) Represents warrants that were issued to certain institutional purchasers in a private placement in the Company’s private placement offering of ordinary shares in February 2021.

 

(4) Represents warrants that were issued to the placement agent as compensation for its role in the Company’s February 2021 private placement.

 

(5) Represents warrants that were issued to certain institutional purchasers in a private placement in the Company’s registered direct offering of ordinary shares in September 2021.

 

(6) Represents warrants that were issued to the placement agent as compensation for its role in the Company’s September 2021 registered direct offering.

 

(7) Represents warrants that were issued to certain institutional purchasers in a private placement in the Company’s registered direct offering of ordinary shares in January 2025.

 

(8) Represents warrants that were issued to the placement agent as compensation for its role in the Company’s January 2025 registered direct offering.

 

(9) Represents warrants that were issued to certain institutional investors in connection with the Company’s public offering of ordinary shares in June 2025.

 

(10) Represents warrants that were issued to the placement agent as compensation for its role in the Company’s public offering of ordinary shares in June 2025.