v3.26.1
Unaudited Condensed Consolidated Interim Statements of Cash Flows - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net income (loss) for the period $ (107,780) $ 105,977
Net loss (income) from discontinued operations (4,159) 400
Net income (loss) for the period from continuing operation (111,939) 106,377
Adjustments required to reconcile net loss for the period to net cash used in operating activities:    
Amortization and Depreciation 438 323
Stock-based compensation 1,907 178
Interest earned on marketable securities held in Trust Account (3,110) 0
Employee extermination (14) 0
Deferred taxes (162) 0
Interest on loans (151) 0
Gain on sale of subsidiary (1,744) 0
Loss on marketable securities 3,705 0
Change in fair value – convertible note embedded derivative (234) (588)
Change in fair value - stock purchase warrant liabilities 102,231 (109,406)
Changes in lease assets and lease liabilities (38) 0
Trade receivables (255) 0
Other current assets (153) (444)
Due from related parties 0 (132)
Inventory (916) 0
Accounts payable 597 28
Due to affiliates 0 87
Interest payable - related parties 629 51
Accrued expenses and other current liabilities (686) 545
Net cash used in operating activities – continuing operations (9,895) (2,981)
Net cash used in operating activities – discontinuing operations 104 287
Net cash used in operating activities (9,791) (2,694)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Cash used in purchase of subsidiaries (4,476) 0
Short term deposit (52) 0
Deconsolidation of subsidiary (1,112) 0
Proceeds from sales short term securities 239 0
Cash provided by purchase of subsidiaries 1,138 0
Payment on property and equipment (180) (15)
Advance to target of planned acquisition 0 (1,500)
Net cash used in investing activities (4,443) (1,515)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Repayment on short term bank credit (455) 0
Repayment of note payable (2,543) (78)
Payments of penalty – late registration   (800)
Proceeds from loans payable - related parties 535 0
Repayments of loans (409) 0
Payment of liability to former shareholder of a subsidiary (288) 0
Company's portion in investment of minority in subsidiary 440 0
Proceeds from issuance of ELOC 8,073 0
Proceeds from issuance of private placement, net 10,000 0
Net cash provided by (used in) financing activities 15,353 (878)
Effect of exchange rate changes on cash and cash equivalents – continuing operations 0 (4)
Effect of exchange rate changes on cash and cash equivalents – discontinuing operations 0 107
INCREASE (DECREASE) IN CASH, CASH EQUIVALENTS AND RESTRICTED CASH 1,119 (4,984)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF PERIOD, INCLUDING DISCONTINUED OPERATIONS 3,947 7,858
CASH, CASH EQUIVALENTS, RESTRICTED CASH INCLUDING CASH FROM HELD FOR SELL COMPANY AT END OF PERIOD, INCLUDING DISCONTINUED OPERATIONS 5,066 2,874
LESS CASH FROM DISCONTINUED OPERATIONS 0 1,354
CASH, CASH EQUIVALENTS, RESTRICTED CASH INCLUDING CASH FROM DISCONTINUED OPERATIONS AT END OF PERIOD FROM CONTINUING OPERATIONS 5,066 1,520
Supplemental disclosure of cash flow information:    
Cash paid for: Interest 0 6
Non-cash transactions:    
Investment in investee 2,354  
Fair value of pre-funded warrants exercised 0 3,056
Fair value of the derivative liability extinguished from conversion of convertible note 0 260
Fair value of common stock issued in connection with settlement agreement 0 158
Fair value of common stock issued in connection with conversion of convertible note 0 521
Exercise of Warrants 17,758 0
Initial recognition of operating lease liability and a corresponding right-of- use asset 31 0
Conversion of promissory note 2,439 0
Conversion of note receivable into shares of Nimbus 3,153 $ 0
Working capital (excluding cash and cash equivalents) (16,028)  
Long terms assets 7,723  
Intangible assets 5,182  
Goodwill 91,358  
Intangible assets held for sale 905  
Long terms liabilities (19,233)  
Other 139  
Non-controlling interest (635)  
Issuance of common stock and warrants (70,549)  
Net cash provided by the purchase of subsidiaries consolidated for the first time (1,138)  
Subsidiaries Deconsolidation:    
Working capital (excluding cash and cash equivalents) 120  
Investment in investee (452)  
Tangible assets 1  
loan from the Company 1,327  
Non-controlling interest 116  
Net cash derived from deconsolidation of subsidiary $ 1,112