v3.26.1
UNAUDITED CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 2,229 $ 5,991
Restricted cash 29 27
Prepaid expenses 1,372 570
Other current assets 111 49
TOTAL CURRENT ASSETS 3,741 6,637
NON-CURRENT ASSETS:    
Restricted cash 62 57
Long-term deposit and other non-current assets 75 84
Property and equipment, net 20 25
Operating lease right-of-use asset 348 412
TOTAL NON-CURRENT ASSETS 505 578
TOTAL ASSETS 4,246 7,215
CURRENT LIABILITIES:    
Trade payables 1,180 787
Current maturities of operating lease liability 199 182
Employee related obligations 628 879
Other account payable 984 910
Private warrants to purchase ordinary shares (including $* due to related party, as of June 30, 2026 and December 31, 2025) [1]
Related Party Promissory Note 985 0
TOTAL CURRENT LIABILITIES 3,976 2,758
NON-CURRENT LIABILITIES:    
Long-term operating lease liability 226 286
Related Party Promissory Note 0 1,568
TOTAL NON-CURRENT LIABILITIES 226 1,854
TOTAL LIABILITIES 4,202 4,612
SHAREHOLDERS' EQUITY:    
Ordinary shares ($0.135 par value per share, 5,900,000 and 900,000 shares authorized as of June 30, 2026 and December 31, 2025, respectively; 1,179,844 and 312,665 shares issued and outstanding as of June 30, 2026 and December 31, 2025, respectively) 160 42
Additional paid-in capital 61,334 57,727
Accumulated deficit (61,450) (55,166)
TOTAL SHAREHOLDERS' EQUITY 44 2,603
TOTAL LIABILITIES AND SHAREHOLDERS' EQUITY $ 4,246 $ 7,215
[1] Represents an amount less than $1