v3.26.1
Condensed Consolidated Interim Balance Sheets (Unaudited) - USD ($)
Mar. 31, 2026
Dec. 31, 2025
Dec. 31, 2024
Current assets      
Cash and cash equivalents $ 3,122,000 $ 294,000 $ 927,000
Restricted cash 193,000 22,000 19,000
Accounts receivable 216,000 269,000 113,000
Other current assets 241,000 152,000 194,000
Total current assets 3,772,000 737,000 1,253,000
Non-Current Assets      
Operating right-of-use asset 493,000 575,000 551,000
Property and equipment, net 137,000 146,000 143,000
Other assets 125,000  
Total non-current assets 755,000 721,000 694,000
Total Assets 4,527,000 1,458,000 1,947,000
Current liabilities      
Trade accounts payable 2,484,000 1,775,000 1,084,000
Accrued expenses 4,700,000 476,000 615,000
Short term loans 2,237,000 5,768,000  
Operating lease liability 390,000 380,000 190,000
Deferred revenues 2,288,000 2,816,000 2,423,000
Employees and related 2,944,000 1,298,000 983,000
Other current liabilities   570,000 684,000
Convertible notes 12,869,000 11,649,000
Current maturities of long-term loans   5,768,000 1,175,000
Liability with respect to warrants 142,000  
Total current liabilities 16,365,000 25,476,000 18,188,000
Non-Current Liabilities      
Operating lease liability 169,000 268,000 389,000
Long-term deferred revenues 41,000 115,000 362,000
Liability with respect to warrants 370,000 244,000
Long-term loans   198,000
Liability for future equity (SAFE)   1,206,000
Total non-current liabilities 210,000 753,000 2,399,000
Total liabilities 16,575,000 26,229,000 20,587,000
Commitments and contingent liabilities
Redeemable Convertible Preferred Shares:      
Redeemable convertible preferred share, value   15,268,000 11,780,000
Capital Deficiency:      
Class A common stock   2,000 2,000
Additional paid in capital 46,093,000 7,332,000 4,132,000
Accumulated deficit (58,143,000) (47,373,000) (34,554,000)
Total capital deficiency (12,048,000) (40,039,000) (30,420,000)
Total liabilities, redeemable convertible preferred shares and capital deficiency 4,527,000 1,458,000 1,947,000
TRAILBLAZER HOLDINGS, INC.      
Current assets      
Total current assets  
Non-Current Assets      
Total Assets  
Current liabilities      
Accrued expenses   10,000 19,278
Total current liabilities   210,168 53,820
Non-Current Liabilities      
Commitments and contingent liabilities  
Capital Deficiency:      
Class A common stock  
Additional paid in capital  
Accumulated deficit   (210,168) (53,820)
Total capital deficiency   (210,168) (53,820)
Total liabilities, redeemable convertible preferred shares and capital deficiency  
Previously Reported      
Current liabilities      
Other current liabilities 1,180,000 94,000  
Related Party | TRAILBLAZER HOLDINGS, INC.      
Current liabilities      
Other current liabilities   200,168 $ 34,542
Class A common stock      
Capital Deficiency:      
Class A common stock 2,000 2,000  
Redeemable Convertible Preferred Shares      
Redeemable Convertible Preferred Shares:      
Redeemable convertible preferred share, value 15,268,000  
Series A Convertible Preferred Stock      
Capital Deficiency:      
Preferred Stock, value  
Series B Convertible Preferred Stock      
Capital Deficiency:      
Preferred Stock, value  
Series C Convertible Preferred Stock      
Capital Deficiency:      
Preferred Stock, value