| Schedule of CODM is also Regularly Provided with Information on Significant Expenses and Cash and Cash Equivalents |
The CODM is also regularly provided with information on significant expenses and cash and cash equivalents balances, as follow: | | | Three months ended March 31, | | | | | 2026 | | | 2025 | | | | | USD thousands | | | USD thousands | | | Revenues | | $ | 1,415 | | | $ | 1,260 | | | Less: | | | | | | | | | | Cost of revenues | | | 192 | | | | 196 | | | R&D expenses- excluding stock-based compensation expenses | | | 2,815 | | | | 1,315 | | | S&M expenses- excluding stock-based compensation expenses | | | 1,162 | | | | 1,510 | | | G&A expenses- excluding stock-based compensation expenses | | | 3,853 | | | | 888 | | | Stock based compensation expenses | | | 5,217 | | | | 1,389 | | | Operating loss | | | (11,824 | ) | | | (4,038 | ) | | Finance expenses | | | (1,054 | ) | | | (724 | ) | | Net loss | | | (10,770 | ) | | | (3,314 | ) | | Cash and cash equivalents | | $ | 3,122 | | | $ | 688 | |
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The CODM is also regularly provided with information on significant expenses and cash and cash equivalents balances, as follow: | | | Year ended December 31 2025 | | | Year ended December 31 2024 | | | | | USD thousands | | | USD thousands | | | Revenues | | | 5,707 | | | | 4,155 | | | Less: | | | | | | | | | | Cost of revenues | | | 866 | | | | 782 | | | R&D expenses – excluding stock based compensation expenses | | | 5,800 | | | | 4,076 | | | S&M expenses – excluding stock based compensation expenses | | | 5,141 | | | | 3,265 | | | G&A expenses – excluding stock-based compensation expenses | | | 2,846 | | | | 3,679 | | | Stock based compensation expenses | | | 3,024 | | | | 1,551 | | | Operating loss | | | 11,970 | | | | 9,198 | | | | | | | | | | | | | Interest expense | | | 493 | | | | 216 | | | Other financial expenses | | | 335 | | | | 6,182 | | | Taxes on Income | | | 21 | | | | 14 | | | Net loss | | | 12,819 | | | | 15,610 | | | | | | | | | | | | | Cash and cash equivalents | | | 294 | | | | 927 | |
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| Schedule of CODM is also Regularly Provided with Information on Significant Expenses and Cash and Cash Equivalents |
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When evaluating the Company’s performance and making key decisions regarding resource allocation, the CODM reviews the below key metric included in net income or loss: | | | For The Year ended December 31, 2025 | | | For The Period from July 16, 2024 (inception) through December 31, 2024 | | | Operating expenses | | $ | 156,348 | | | $ | 53,820 | |
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