v3.26.1
SEGMENT REPORTING
3 Months Ended 12 Months Ended
Mar. 31, 2026
Dec. 31, 2025
SEGMENT REPORTING    
SEGMENT REPORTING

NOTE 7 – SEGMENT REPORTING

Segment information is prepared on the same basis that the chief executive officer, who is the Company’s chief operating decision maker, manages the business, makes business decisions and assesses performance. The Company has one reportable segment specializing in the development of development and commercialization of best-in-class autologous cellular therapies for the treatment of ALS.

The management assesses performance for this segment and decides how to allocate resources based on operating expenses excluding non-cash items and net loss. These expenses are comprised of research and development expenses related to personnel, facility, and general and administrative costs. The measure of segment assets is reported on the balance sheet as cash and cash equivalents. The management performs the assessment of segment performance by using the reported measure of segment profit or loss to monitor budget versus actual results.

The table below summarizes the significant expense categories regularly reviewed by the CODM for the three months ended March 31, 2026 and 2025:

Three months ended

March 31, 

2026

  ​ ​ ​

2025

  ​ ​ ​

U.S. $in thousands

Research and Development expenses (*):

Payroll and payroll related

$

339

$

434

Subcontractors and consultants

 

140

 

400

Other

 

178

 

174

General and Administrative expenses (*)

 

  ​

 

  ​

Payroll and payroll related

 

612

 

713

Professional services

 

337

 

327

Other

 

262

 

272

Other segment items:

 

  ​

 

  ​

Share-based payments

 

133

 

717

Finance expense (income), net

 

81

 

(46)

Gain on change in fair value of Warrants liability

 

 

(179)

Depreciation

 

45

 

52

Net loss

$

2,127

$

2,864

(*) Excluding share-based payment, depreciation and gain on change in fair value of warrants liability.

NOTE 13  -   SEGMENT REPORTING

Segment information is prepared on the same basis that the chief executive officer, who is the Company’s chief operating decision maker, manages the business, makes business decisions and assesses performance. The Company has one reportable segment specializing in the development of development and commercialization of best-in-class autologous cellular therapies for the treatment of ALS.

The management assesses performance for this segment and decides how to allocate resources based on operating expenses excluding non-cash items and net loss. These expenses are comprised of research and development expenses related to personnel, facility, and general and administrative costs. The measure of segment assets is reported on the balance sheet as cash and cash equivalents. The management performs the assessment of segment performance by using the reported measure of segment profit or loss to monitor budget versus actual results.

The table below summarizes the significant expense categories regularly reviewed by the CODM for the years ended December 31, 2025 and 2024:

  ​ ​ ​

Year ended

December 31, 

  ​ ​ ​

2025

  ​ ​ ​

2024

U.S. $ in thousands

Research and Development expenses (*):

 

  ​

 

  ​

Payroll and payroll related

$

1,596

$

1,633

Subcontractors and consultants

 

1,116

 

1,582

Other

 

703

 

849

General and Administrative expenses (*)

 

  ​

 

  ​

Payroll and payroll related

 

2,572

 

3,424

Professional services

 

1,299

 

2,007

Other

 

947

 

1,259

Other segment items:

 

  ​

 

  ​

Share-based payments

 

1,520

 

698

Finance expense, net

 

534

 

77

Gain on change in fair value of Warrants liability (Note 7)

 

(179)

 

(147)

Depreciation

199

241

Net loss

$

10,307

$

11,623

(*) Excluding share-based payment, depreciation and gain on change in fair value of warrants liability.