v3.26.1
Unaudited Condensed Consolidated Interim Statements of Cash Flows - 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 $ (19,140) $ (7,659)  
Adjustments required to reconcile net loss for the year to net cash used in operating activities:      
Depreciation 236  
Stock-based compensation (1,928) 659  
Finance income, net 385 (53)  
Revaluation of contingent consideration 2  
Loss (income) from change in fair value of liability-classified warrants 14,056 (914)  
Day one loss upon entering transaction 5,226  
Value of warrants issued in connection with private placement 186  
Loss from sale and disposal of fixed assets, net 57  
Gain from deconsolidation of subsidiary (1,860)  
Changes in operating assets and liabilities:      
Other current assets (1,412) 242  
Trade accounts payable 274 (212)  
Other accounts payable (1,201) (1,076)  
Net change in operating leases 6  
Net cash used in operating activities (5,414) (8,712)  
CASH FLOWS FROM INVESTING ACTIVITIES:      
Decrease in cash as a result of deconsolidation of subsidiary (996)  
Proceeds from sale of property and equipment 51  
Net cash used in investing activities (996) 51  
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of preferred share and warrants under January 2026 private placement, net of issuance costs 2,623  
Issuance of Common Stock under February 2025 SPA 996  
February 2025 SPA issuance costs (87)  
Issuance of Common Warrants under February 2025 SPA 4,531  
Issuance of Common Stock under Inducement Letter Agreements 6,473  
Net cash provided by financing activities 2,623 11,913  
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH (3,787) 3,252  
Effect of exchange rate changes on cash and cash equivalents 3  
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR 4,955 17,975 $ 17,975
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF YEAR 1,168 21,230 4,955
RECONCILIATION OF AMOUNTS ON CONSOLIDATED BALANCE SHEETS      
Cash and cash equivalents 1,168 20,116 4,360
Restricted cash 1,114  
Total cash and cash equivalents and restricted cash 1,168 21,230 $ 4,955
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION      
Cash paid for interest 5  
Taxes paid 1  
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING AND FINANCING ACTIVITIES      
Accrued Preferred dividends on Series Y Convertible Preferred Stock 85  
Conversion of warrants into common stock 16,785  
Conversion of Series Y Convertible Preferred Stock into common stock 85  
Reclassification of Series Y Convertible Preferred Stock to permanent equity $ 7,818