v3.26.1
Share-Based Payment (Tables)
 12 Months Ended
Dec. 31, 2025
Share-Based Payment [Abstract]  
Schedule of Number of Share Options and their Related Weighted Average Exercise Prices

Movements in the number of share options and their related weighted average exercise prices (in dollars) during the years ended December 31, 2025, 2024 and 2023 are as follows:

 

   Year ended December 31, 
   2025   2024   2023 
   Number of
options		   Weighted
average
exercise
price
(USD)		   Number of
options		   Weighted
average
exercise
price
(USD)		   Number of
options		   Weighted
average
exercise
price
(USD)		 
                         
Outstanding at beginning of year   27,100,000    0.03    12,550,000    0.05    12,400,000    0.05 
Granted   94,600,000    1.47    14,850,000    0.01    150,000    0.01 
Expired   (2,100,000)   0.55    (300,000)   0.12    
-
    
-
 
Forfeited   (1,500,000)   0.04                     
                               
Outstanding at end of year   118,100,000    1.17    27,100,000    0.03    12,550,000    0.05 
                               
Exercisable at end of year   75,289,083    1.08    23,462,500    0.03    12,550,000    0.05 
Schedule of Exercise Price and Remaining Contractual Life for Options Outstanding

Below is information about the exercise price (in dollars) and the remaining contractual life (in years) for options outstanding at end of year:

 

December 31, 
2025   2024 
Options
outstanding at
end of year		   Range of
exercise prices
(USD)		   Weighted
average
remaining
contractual life		   Options
outstanding at
end of year		   Range of
exercise prices
(USD)		   Weighted
average
remaining
contractual life		 
                      
 23,500,000    0.04-0.09    3.59    10,150,000    0.03 - 0.11    5.30 
 94,600,000    0.012-0.016    9.21    37,012,500    0.17    0.66 
                15,450,000    0.01    4.25 
                            
 118,100,000              62,612,500           
December 31, 2023 
Options
outstanding at
end of year		   Range of
exercise prices
(USD)		   Weighted
average
remaining
contractual life		 
          
 10,900,000    0.03 - 0.14    6.07 
 1,500,000    0.17    1.66 
 150,000    0.01    9.17 
             
 12,550,000           
Schedule of Outstanding Options The table below summarizes the outstanding options as of December 31, 2025 that have been granted to the Company’s executives, directors and consultants
Options
outstanding		   Position  Grant date (*)  Exercise
price in
NIS		       Fair value USD in
thousands		   Vesting schedule
                       
 10,000,000   Former Chief Executive Officer  July 7, 2020   0.09         103   Fully vested
 150,000   Director  March 2, 2023   0.0495         1   Fully vested
 500,000   Chief Financial Officer  March 17, 2024   0.0438         3   12 equal portions each quarter over a period of 3 years from the date of grant
 1,000,000   Director  March 17, 2024   0.0438         21   12 equal portions each quarter over a period of 3 years from the date of grant
 10,000,000   Chief Executive Officer  March 17, 2024   0.0438         214   Fully vested on date of grant
 850,000   Director  March 17, 2024   0.0438         18   12 equal portions each quarter over a period of 3 years from the date of grant
 1,000,000   Director  March 17, 2024   0.0438         22   12 equal portions each quarter over a period of 3 years from the date of grant
 42,300,000   Chief Executive Officer  July 21, 2025   0.04    46    441    16 equal portions each month from the date of grant
 42,300,000   Chief Executive Officer and Director  July 21, 2025   0.0510         433   Subject to performance conditions which were not met; accordingly, the options did not vest.
 10,000,000   Director  July 21, 2025   0.038         106   Fully vested on date of grant
                           
 118,100,000                         
Schedule of Fair Value for Options Granted

The fair value for options granted in 2025 is estimated at the date of grant using a Black-Scholes model with the following weighted average assumptions:

 

   April 7,
2025		   July 21,
2025		 
         
Dividend yield   0%   0%
Expected volatility   112.50%   112.50%
Risk-free interest   4.17%   4.17%
Expected life (years)   5    5 

The fair value for options granted in 2024 is estimated at the date of grant using a Black-Scholes model with the following weighted average assumptions:

 

   March 17,
2024		   April 30,
2024		 
         
Dividend yield   0%   0%
Expected volatility   81.27%   91.15%
Risk-free interest   4.31%   4.72%
Expected life (years)   5    5 

The fair value for options granted in 2023 is estimated at the date of grant using a Black-Scholes model with the following weighted average assumptions:

 

   March 2,
2023		 
     
Dividend yield   0%
Expected volatility   67.5%
Risk-free interest   4.08%
Expected life (years)   10