v3.26.1
Commitments
6 Months Ended
Jun. 30, 2026
Commitments [Abstract]  
COMMITMENTS

NOTE 9 - COMMITMENTS:

 

  a. Clinical Research Organization Services Agreement

 

On September 23, 2024, the Subsidiary entered into a Clinical Research Organization Services Agreement with a third party to retain it as a clinical research organization (the “CRO”). The services covered by the agreement include strategic planning, expert consultation, data processing, regulatory, clerical, project management and other research and development services requested by the Company in connection with its Phase 3 clinical trial. As consideration for these services, the Company is obligated to pay the CRO an aggregate amount of up to $11,577 over the term of the engagement, payable upon the achievement of specified milestones, of which $32 was recognized in research and development expenses during the six months ended June 30, 2026.

 

The Company’s obligations under the Clinical Research Organization Services Agreement remain in effect notwithstanding the Lifeward transaction. However, in light of the change in the planned clinical protocol from a Phase 3 trial to a Phase 2 trial , the Company is engaged in discussions with the CRO to revise the scope of services and reduce the overall cost of the agreement.

  

  b. LEASES:

 

The Company has various operating leases for office space and vehicles that expire through 2030. Below is a summary of the Company’s operating right-of-use assets and operating lease liabilities as of June 30, 2026 and December 31, 2025:

 

    June 30,
2026
    December 31,
2025
 
Operating right-of-use assets   $ 617     $ 750  
                 
Operating lease liabilities, current     249       285  
Operating lease liabilities long-term     484       540  
Total operating lease liabilities   $ 733     $ 825  

 

Lease payments for the Company’s right-of-use assets over the remaining lease periods as of June 30, 2026 and December 31, 2025 are as follows:

 

    June 30,
2026
    December 31,
2025
 
2026     178       332  
2027     205       192  
2028     175       163  
2029     168       157  
2030     112       104  
Total undiscounted lease payments     838       948  
Less: Interest*     (105 )     (123 )
Present value of lease liabilities   $ 733     $ 825  

 

* Future lease payments were discounted by 3%-7% interest rate.