v3.26.1
Condensed Consolidated Interim Balance Sheets (Unaudited)
€ in Thousands, $ in Thousands
Jun. 30, 2026
USD ($)
Dec. 31, 2025
USD ($)
Current Assets    
Cash and cash equivalents $ 7,623 $ 3,832
Restricted cash 40 37
Investment in marketable securities (Note 5 (2), 6) 1,257 239
Accounts receivable 134
Short term loan (Note 5(1)) 509 396
Prepaid expenses 686 961
Other current assets 280 166
Assets held for sale 249
T o t a l Current assets 10,395 6,014
Long term prepaid expenses 121 161
Right-of-use asset arising from operating leases 12 16
Property and equipment, net 86 26
Investment in Solar Photovoltaic joint venture project (Note 5) 2,920 2,744
Investment in solar projects under development 932 725
Goodwill (Note 4) 6,291
Intangible asset (Note 3) 4,226 4,428
T o t a l assets 18,692 20,405
Current Liabilities    
Short term loan (Note 10 (2)) 215 740
Accounts payable 33 6
Other liabilities 2,548 416
Current warrant liability 78
Liabilities held for sale 194
T o t a l current liabilities 2,796 1,434
Non-current operating lease liabilities 4 8
Credit facility (Note 9) 207 237
Non-current warrant liability (Note 9) 7,585
Stock purchase warrants liabilities (Note 10(1)) 5,238 113
Contingent considerations (Note 3) 385 2,141
Deferred taxes liability 695 742
T o t a l liabilities 16,910 4,675
Stockholders’ Equity    
Common stock, $ 0.0001 par value (“Common Stock”): 495,000,000 shares authorized as of June 30, 2026 and December 31, 2025; issued and outstanding 1,453,333 and 396,386 shares as of June 30, 2026 and December 31, 2025, respectively. [1],[2]
Preferred stock, $ 0.0001 par value (“Preferred Stock”): 5,000,000 shares authorized as of June 30, 2026 and December 31, 2025; issued and outstanding 0 shares as of June 30, 2026 and December 31, 2025. [1]
Additional paid-in capital [1] 58,220 54,605
Foreign currency translation adjustments [1] (33) (38)
Accumulated deficit [1] (56,282) (38,557)
T o t a l Company’s stockholders’ equity [1] 1,905 16,010
Non-controlling interests [1] (123) (280)
T o t a l stockholders’ equity [1] 1,782 15,730
T o t a l liabilities and stockholders’ equity [1] $ 18,692 $ 20,405
[1] Adjusted to reflect one (1) for seven (7) reverse stock split in April 2026 (see note 1B).
[2] Less than $1 thousand.