v3.26.1
CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:      
Cash and cash equivalents $ 2,413 $ 5,991 $ 1,187
Restricted cash 27 27 35
Prepaid expenses 1,529 570 966
Other current assets 96 49 62
TOTAL CURRENT ASSETS 4,065 6,637 2,250
NON-CURRENT ASSETS:      
Restricted cash 58 57 48
Long-term deposit and other non-current assets 76 84 5
Property and equipment, net 23 25 30
Operating lease right-of-use asset 380 412 530
TOTAL NON-CURRENT ASSETS 537 578 613
TOTAL ASSETS 4,602 7,215 2,863
CURRENT LIABILITIES:      
Trade payables 912 787 929
Current maturities of operating lease liability 185 182 158
Employee related obligations 560 879 642
Other account payable 850 910 788
Private warrants to purchase ordinary shares (including $* and $1 due to related party, as of December 31, 2025 and December 31, 2024, respectively) [1] [1] 2
Underwriters Promissory Note   0 1,004
Related Party Promissory Note 1,553 0  
TOTAL CURRENT LIABILITIES 4,060 2,758 3,523
NON-CURRENT LIABILITIES:      
Long-term operating lease liability 251 286 368
Related Party Promissory Note 0 1,568 2,961
TOTAL NON-CURRENT LIABILITIES 251 1,854 3,329
TOTAL LIABILITIES 4,311 4,612 6,852
COMMITMENTS AND CONTINGENT LIABILITIES  
CAPITAL DEFICIENCY:      
SHAREHOLDERS' EQUITY (CAPITAL DEFICIENCY): Ordinary shares ($0.0135 par value per share, 9,000,000 and 1,481,482 shares authorized as of December 31, 2025 and December 31, 2024, respectively; 3,126,651 and 123,290** shares issued and outstanding as of December 31, 2025 and December 31, 2024, respectively) 46 42 2
Additional paid-in capital 58,144 57,727 39,263
Accumulated deficit (57,899) (55,166) (43,254)
TOTAL SHAREHOLDERS' EQUITY (CAPITAL DEFICIENCY) 291 2,603 (3,989)
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY (CAPITAL DEFICIENCY) $ 4,602 $ 7,215 $ 2,863
[1] Represents an amount less than $1