NOTE 5 – SHAREHOLDERS’ EQUITY Share-based expenses recognized in the financial statements: | | | For the three months ended June 30, | | | For the three months ended June 30, | | | For the six months ended June 30, | | | For the six months ended June 30, | | | | | 2026 | | | 2025 | | | 2026 | | | 2025 | | | | | Unaudited | | | | | | | | | | | | | | | | | Research and development expenses | | | - | | | | 11 | | | | - | | | | 103 | | | General and administrative expenses | | | 111 | | | | 143 | | | | 111 | | | | 391 | | | | | | | | | | | | | | | | | | | | | Total | | | 111 | | | | 154 | | | | 111 | | | | 494 | | | | | Unaudited | | | | | Number of options | | | Weighted average exercise price | | | Weighted average remaining contractual terms (in years) | | | Aggregate intrinsic value | | | | | | | | | | | | | | | | | Outstanding as of January 1, 2026 | | | 4,270,000 | | | | 0.30 | | | | 4.90 | | | | - | | | Exercised | | | (740,000 | ) | | | 0.30 | | | | - | | | | - | | | | | | | | | | | | | | | | | | | | | Outstanding at June 30, 2026 | | | 3,530,000 | | | | 0.30 | | | | 2.67 | | | | - | | | | | | | | | | | | | | | | | | | | | Vested and expected to vest at June 30, 2026 | | | 3,530,000 | | | | 0.30 | | | | 2.67 | | | | - | | | | | | | | | | | | | | | | | | | | | Exercisable as of June 30, 2026 | | | 3,530,000 | | | | 0.30 | | | | 2.67 | | | | - | | On March 4, 2026, a former employee of the Company exercised 740,000 options on a cashless basis into 592,000 shares of common stock of the Company. As of the balance sheet date, the shares had not yet been issued.
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