v3.26.1
CONVERTIBLE LOANS AND WARRANTS (Tables)
6 Months Ended
Jun. 30, 2026
Convertible Loans And Warrants  
SCHEDULE OF FAIR VALUE RECURRING BASIS

The following table summarizes fair value measurements by level as of June 30, 2026 and December 31, 2025 measured at fair value on a recurring basis:

 

June 30, 2026  Level 1   Level 2   Level 3   Total 
   In U.S. dollars 
Assets                    
None   -    -    -    - 
                     
Liabilities                    
Convertible Loans   -    -    948    948 
Derivative liability – Anti-dilution rights   -    -    8,320    8,320 

 

December 31, 2025  Level 1   Level 2   Level 3   Total 
   In U.S. dollars 
Assets                    
None   -    -    -    - 
                     
Liabilities                    
Convertible Loans   -    -    901    901 
Derivative liability – Anti-dilution rights   -    -    7,103    7,103 
SCHEDULE OF CONVERTIBLE LOANS AT FAIR VALUE CHANGES

 

             
   Convertible Loans at Fair Value 
   June 30, 2026   December 31, 2025 
   $000 
Opening Balance, (including short term loans from related party which is also convertible)   901    4,163 
Transition from amortized cost to convertible loans measured at fair value   -    (869)
Change in fair value of convertible loans liability   47    (2,393)
Closing balance   948    901 
SCHEDULE OF FAIR VALUES OF WARRANTS AND CONVERTIBLE LOAN ASSUMPTION USED

 

   As of June 30, 2026   As of December 31, 2025 
Expected term (in years)   1.67    2 
Expected average (Monte Carlo) volatility   65%   55.38%
Expected dividend yield   -    - 
Risk-free interest rate   4.09%   3.4%
WACC   27%   26%
SCHEDULE OF ANTI DILUTION DERIVATIVE LIABILITY

    June 30, 2026     December 31, 2025  
    Anti-Dilution Liabilities at Fair Value        
    June 30, 2026     December 31, 2025  
    $000        
Opening Balance     7,103       -  
Recognition of anti-dilution rights granted to new investors (see Note 8 – Capital raise)     329       7,103  
Fair value adjustment     888       -  
Closing balance     8,320       7,103