v3.26.1
Unaudited Condensed Consolidated Interim Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Jun. 30, 2026
Jun. 30, 2025
Income Statement [Abstract]        
Revenues $ 3,996 $ 0 $ 7,649 $ 0
Cost of revenues (2,983) 0 (6,265) 0
Gross profit 1,013 0 1,384 0
Operating expenses        
Research and development expenses (348) 0 (622) 0
Selling and marketing expenses (184) 0 (341) 0
General and administrative expenses (3,593) (1,048) (7,121) (2,555)
General and administrative expenses of consolidated variable interest entities (266) 0 (489) 0
Total operating expenses (4,391) (1,048) (8,573) (2,555)
Loss from operations (3,378) (1,048) (7,189) (2,555)
Other income (expenses)        
Interest expense (825) (207) (3,414) (372)
Interest income of consolidated variable interest entities 1,321 0 3,110 0
Interest on related parties promissory note 0 (17) (354) (51)
Loss on marketable securities (3,705) 0 (3,705) 0
Penalty – late registration 0 (800) 0 (800)
Change in fair value - convertible note 0 20 5,392 588
Change in fair value - stock purchase warrant liabilities (81,006) 5,128 (107,641) 109,406
Other income 1,710 161 1,710 161
Total other income (expense), net (82,505) 4,285 (104,902) 108,932
Net income (loss) before income taxes (85,883) 3,237 (112,091) 106,377
Income taxes 190 0 152 0
Net income (loss) from continuing operation (85,693) 3,237 (111,939) 106,377
Gain (loss) from discontinued operations 4,263 (218) 4,159 (400)
Net income (loss) (81,430) 3,019 (107,780) 105,977
Net income attributable to non-controlling interests 1,058 0 1,854 0
Net income (loss) attributable to the Company’s stockholders (82,488) 3,019 (109,634) 105,977
Net income (loss) $ (81,430) $ 3,019 $ (107,780) $ 105,977
Earnings (loss) per share from continuing operations (basic) (in Dollars per share) [1] $ (182.8) $ 77.5 $ (328.4) $ 2,550
Earnings (loss) per share from discontinued operations (basic) (in Dollars per share) [1] 9 (5) 12.1 (9.61)
Total loss per share (basic) (in Dollars per share) [1] $ (173.8) $ 72.5 $ (316.3) $ 2,540.39
Weighted average number of shares of Common Stock outstanding - basic (in Shares) 480,024 41,975 353,309 41,721
Earnings (loss) per share from continuing operations (diluted) (in Dollars per share) [1] $ (182.8) $ 72.5 $ (328.4) $ 2,378
Loss per share from discontinued operations (diluted) (in Dollars per share) [1] 9 (5) 12.1 (8.75)
Total loss per share (diluted) (in Dollars per share) [1] $ (173.8) $ 67.5 $ (316.3) $ 2,369
Weighted average number of shares of Common Stock outstanding – diluted (in Shares) [1] 480,024 28,991 353,309 44,737
[1] Share amounts have been retroactively adjusted to reflect the 1-for-125 Reverse Stock Split (see Note 1).