v3.26.1
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION (Tables)
 6 Months Ended
Jun. 30, 2026
Accounting Policies [Abstract]  
SCHEDULE OF FAIR VALUE ASSETS AND LIABILITIES ON RECURRING BASIS

The Company’s financial assets that are measured at fair value on a recurring basis by level within the fair value hierarchy are as follows:

 

   Level 1   Level 2   Level 3   Total 
   As of June 30, 2026 
   Level 1   Level 2   Level 3   Total 
   US$ 
                 
Assets:                    
Investment in Plantify   -    -    -    - 
Investment in Solterra   264    -    -    264 
Investment in Voice Assist   993    -    -    993 
Investment in Solar Photovoltaic joint venture project   -    -    2,920    2,920 
Investment in convertible loan to Solterra   -    -    509    509 
Total assets   1,257    -    3,429    4,686 

 

 

NEXENTIS TECHNOLOGIES INC.

NOTES TO CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS (unaudited)

 

NOTE 2 - SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION (continued)

 

Fair value (continued) 

 

   Level 1   Level 2   Level 3   Total 
   As of December 31, 2025 
   Level 1   Level 2   Level 3   Total 
   US$ 
                 
Assets:                    
Investment in Plantify   -    -    -    - 
Investment in Solterra   239    -    -    239 
Investment in Solar Photovoltaic joint venture project   -    -    2,744    2,744 
Investment in convertible loan to Solterra   -    -    396    396 
Total assets   239    -    3,140    3,379 
SCHEDULE OF FAIR VALUE OF THE LEVELS 3 ASSETS AND LIABILITIES

The following table presents the changes in fair value of the level 3 assets for the period from December 31, 2025 through June 30, 2026: 

 

  

Solar photovoltaic

joint venture

project

  

Convertible loan

to Solterra

   Total 
Assets:               
Outstanding at December 31, 2025   2,744    396    3,140 
Additions during the period   79    -    79 
Changes in fair value   97    113    210 
Outstanding at June 30, 2026   2,920    509    3,429 
 
   Level 1   Level 2   Level 3   Total 
   As of June 30, 2026 
   Level 1   Level 2   Level 3   Total 
   US$ 
                 
Liabilities:                    
Contingent considerations   -    -    385    385 
Stock purchase warrants liability   -    -    5,238    5,238 
Warrant liabilities to Pure Capital   -    -    7,585    7,585 
Credit facility   -    -    207    207 
Total liabilities   -    -    13,415    13,415 

  
   Level 1   Level 2   Level 3   Total 
   As of December 31, 2025 
   Level 1   Level 2   Level 3   Total 
   US$ 
                 
Liabilities:                    
Contingent considerations   -    -    2,141    2,141 
Stock purchase warrants liability   -    -    113    113 
Warrant liabilities to Pure Capital   -    -    78    78 
Credit facility   -    -    237    237 
Total liabilities   -    -    2,569    2,569 
  
  

Stock

purchase

warrants

liability

  

Warrant

liabilities

to Pure

Capital

  

Credit

facility

   Contingent considerations   Total 
   US$ 
Liabilities:                         
Outstanding at December 31, 2025   113    78    237    2,141    2,569 
Reclassification of contingent consideration liabilities to other payables   -    -    -    (1,553)   (1,553)
Issuance of warrant liabilities   6,215    -    -    -    6,215 
Day-one loss on issuance of warrant liabilities   (2,065)   -    -    -    (2,065)
Changes in fair value, including effect of warrant modification   -    7,507    -    -    7,507 
Changes in fair value   975    -    (30)   (203)   742 
Outstanding at June 30, 2026   5,238    7,585    207    385    13,415