v3.26.1
Shareholders’ Equity (Tables)
6 Months Ended
Jun. 30, 2026
Shareholders’ Equity [Abstract]  
Schedule of Ordinary Share Capital Ordinary share capital (with no par value) is composed as follows:

 

    June 30, 2026     December 31, 2025  
    Authorized     Issued and
outstanding
    Authorized     Issued and
outstanding
 
    Unaudited     Audited  
    Number of shares  
Ordinary shares     107,800,000       20,311,766       107,800,000       18,204,002  
Schedule of Options to Employees and Non-Employees Under the Company’s Option Plan

A summary of the status of options to employees and non-employees (including directors and consultants) under the Company’s option plan as of June 30, 2026, and changes during the six month period then ended are presented below:

 

    Number of
options
    Weighted
average
exercise
price
    Aggregate
intrinsic
value
    Weighted
average
remaining
contractual
life (years)
 
                         
Outstanding at beginning of period     2,937,808     $ 4.78     $ 1,932       8.69  
Granted     748,586     $ 4.43                  
Exercised     (2,250 )   $ 3.98     $ 2          
Forfeited     (46,743 )   $ 6.84                  
Expired     (624 )   $ 92.89                  
                                 
Outstanding at end of period     3,636,777     $ 4.67     $ 3,941       8.54  
Exercisable options     1,524,936     $ 5.61     $ 1,367       7.97  
Vested and expected to vest     3,636,777     $ 4.67     $ 3,941       8.54  
Schedule of Share-Based Compensation Expense

 

The total share-based compensation expense recognized by the Company’s departments:

 

    Six months ended
June 30,
 
    2026     2025  
             
Research and development   $ 725     $ 1,080  
Marketing and business development     158       410  
General and administrative     579       1,385  
                 
    $ 1,462     $ 2,875  
Schedule of Warrants Exercisable into Ordinary Shares

As of June 30, 2026, all warrants, including the pre-funded warrants disclosed in Note 5c, are exercisable into Ordinary shares as follows:

 

Grant date   Warrants
outstanding
as of
June 30,
2026
    Average
Exercise
price
per share ($)
    Warrants
exercisable
as of
June 30,
2026
    Exercisable
through
                       
April 2022     5,193       12.60       5,193     April 2029
July 2022     1,298       12.60       1,298     April 2029
April 2022     40,000       3.61       40,000     August 2031
August 2024     471,605       3.61       471,605     August 2026 *)
June 2025     7,289,644       4.50       7,289,644     June 2027 *)
                             
      7,807,740               7,807,740      

 

*) See Note 5c for warrants and pre-funded warrants that were exercised during the six-month period ended June 30, 2026.