v3.26.1
Segment Information
 6 Months Ended
Jun. 30, 2026
Segment Information [Abstract]  
SEGMENT INFORMATION

NOTE 7 – SEGMENT INFORMATION

 

The Company has one operating and reportable segment, drone insulators washing activity.

 

The chief operating decision maker evaluates segment performance primarily based on segment operating loss.

 

The Company refined the name of the segment previously referred to as “Revenue from drones insulators washing” to “Revenues from civil applications segment” to better reflect its nature. The change had no impact on the composition or nature of the segment’s activities.

 

The following table presents information about the Company’s reportable segment for the three and six months ended June 30, 2026 and 2025:

 

Revenue related to the Company’s reportable segments is as follows:

 

    Six months ended     Three months ended  
    June 30     June 30  
    2026     2025     2026     2025  
                         
Revenue from civil applications segment     149       127       149       127  
Cost of revenues from civil applications segment     (124 )     (63 )     (91 )     (55 )
Gross profit     25       64       58       72  
                                 
Other revenues     -       16       -       16  
                                 
Research and development expenses     (61 )     (45 )     (32 )     (24 )
Depreciation     (4 )     (9 )     (2 )     (4 )
Professional services     (948 )     (357 )     (650 )     (181 )
Share base compensation     (263 )     (77 )     (168 )     (67 )
Other general and administrative expenses     (190 )     (130 )     (134 )     (62 )
Operating loss     (1,441 )     (538 )     (928 )     (250 )
                                 
Interest expenses     (222 )     (71 )     (13 )     (41 )
Interest income     16       71       215       32  
Other expenses     -       (10 )     -       (10 )
Net loss     (1,647 )     (548 )     (726 )     (269 )

 

For the six and three months ended June 30, 2026 and 2025, the Company’s operations were mostly confined to Israel. As of June 30, 2026 and 2025, all of the fixed assets of the Company were located in Israel and Greece.