v3.26.1
SEGMENT REPORTING (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENTS REVENUES AND OPERATING RESULTS

Segments revenues and operating results:

 

  

Search

segment

  

Quantum technology

segment

  

Adjustments

and eliminations

(See below)

   Total 
   For the six months ended June 30, 2026 
  

Search

segment

  

Quantum technology

segment

  

Adjustments

and eliminations

(See below)

   Total 
                 
Revenues from external customers   626    -    20    646 
Traffic-acquisition and related   266    -    -    266 
Research and development expenses   -    185    -    185 
Sales and marketing expenses   51    -    -    51 
General and administrative expenses   90    444    981    1,515 
Depreciation and amortization   -    -    452    452 
Other expenses (income), net   133    (50)   39    122 
Segment operating income (loss)   86    (579)   (1,452)   (1,945)
Gain from deconsolidation of a subsidiary   -    -    3,831    3,831 
Financial expenses (income), net   (81)   25    (128)   (184)
Segment income (loss), before income taxes   5    (554)   2,251    1,702 

 

  

Search

Segment

  

Adjustments

and eliminations

(See below)

   Total 
   For the six months ended June 30, 2025 
  

Search

Segment

  

Adjustments

and eliminations

(See below)

   Total 
             
Revenues from external customers   883    16    899 
Traffic-acquisition and related costs   184    -    184 
Research and development expenses   36    -    36 
Sales and marketing expenses   50    -    50 
General and administrative expenses   145    610    755 
Depreciation and amortization   -    408    408 
Other expenses, net   -    544    544 
Segment operating income (loss)   468    (1,546)   (1,078)
Financial expenses, net   (40)   (10,488)(*)   (10,528)
Segment income (loss), before income taxes   428    (12,034)   (11,606)

 

  

Search

segment

  

Quantum technology

segment

  

Adjustments

and eliminations

(See below)

   Total 
   For the three months ended June 30, 2026 
  

Search

segment

  

Quantum technology

segment

  

Adjustments

and eliminations

(See below)

   Total 
                 
Revenues from external customers   283    -    10    293 
Traffic-acquisition and related   134    -    -    134 
Research and development expenses   -    185    -    185 
Sales and marketing expenses   26    -    -    26 
General and administrative expenses   37    444    534    1,015 
Depreciation and amortization   -    -    228    228 
Other expenses (income), net   127    (50)   23    100 
Segment operating income (loss)   (41)   (579)   (775)   (1,395)
Gain from deconsolidation of a subsidiary   -    -    3,831    3,831 
Financial expenses (income), net   (77)   25    (61)   (113)
Segment income (loss), before income taxes   (118)   (554)   2,995    2,323 

 

  

Search

Segment

  

Adjustments

and eliminations

(See below)

   Total 
   For the three months ended June 30, 2025 
  

Search

Segment

  

Adjustments

and eliminations

(See below)

   Total 
             
Revenues from external customers   354    16    370 
Traffic-acquisition and related costs   50    -    50 
Research and development expenses   20    -    20 
Sales and marketing expenses   30    -    30 
General and administrative expenses   70    488    558 
Depreciation and amortization   -    235    235 
Other expenses, net   -    500    500 
Segment operating income (loss)   184    (1,207)   (1,023)
Financial expenses, net   (35)   (7,626)(*)   (7,661)
Segment income (loss), before income taxes   149    (8,833)   (8,684)

 

  (*) Mainly consist of financial expenses arising from changes in the fair value of financial assets measured at fair value through profit or loss (see note 8).
SCHEDULE OF RECONCILIATION BETWEEN SEGMENTS OPERATING RESULTS

The “adjustments and eliminations” column for segment operating income includes unallocated selling, general, and administrative expenses and certain items which management excludes from segment results when evaluating segment performance, as follows:

 

  

For the six
months ended

June 30,
2026

  

For the six
months ended

June 30,
2025

 
         
Depreciation and amortization expenses not attributable to segments (**)   (452)   (408)
Revenues, research and development expenses, sales and marketing expenses, general and administrative expenses and other expenses, net not attributable to the segments (***)   (1,000)   (1,138)
Gain from deconsolidation of a subsidiary   3,831    - 
    2,379    (1,546)

 

  

For the three
months ended

June 30,
2026

  

For the three
months ended

June 30,
2025

 
         
Depreciation and amortization expenses not attributable to segments (**)   (228)   (235)
Revenues, research and development expenses, sales and marketing expenses, general and administrative expenses and other expenses, net not attributable to the segments (***)   (547)   (972)
Gain from deconsolidation of a subsidiary   3,831    - 
    3,056    (1,207)

 

  (*) Mainly consist of financial expenses arising from changes in the fair value of financial assets measured at fair value through profit or loss (see note 8).

 

  (**) Mainly consist of technology and customer relations amortization costs from business combinations.
     
  (***) Mainly consist of general and administrative expenses such as salaries and related expenses and professional services.