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0;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>Note 1 - General</strong></span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 0.5in;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Chemomab Therapeutics Ltd. (the “Company") is an Israeli-based company incorporated under the laws of the State of Israel in September 2011. The Company’s registered office is located in Kiryat Atidim, Tel Aviv, Israel. The Company is a clinical-stage biotech company discovering and developing innovative therapeutics for conditions with high-unmet medical need that involve inflammation and fibrosis. The wholly owned subsidiaries of the Company are: Chemomab Ltd. ("Chemomab"), Chemomab Therapeutics Israel Ltd. and Chemomab Therapeutics Inc.</span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 0.5in;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The accompanying interim condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities in the normal course of business; however, as of June 30, 2026, the Company has incurred recurring losses from operations of approximately $116 million, experienced negative cash flows from operating activities of $3.7 million for the six months then ended, and currently has no products approved for sale. While the Company’s cash, cash equivalents, and short-term deposits of $6.7 million as of June 30, 2026, are sufficient to meet planned expenditures for a period of less than 12 months, these indicators raise substantial doubt about its ability to continue as a going concern. Consequently, the Company will be required to raise additional funds to support its operations, and although management believes such funds can be raised, there can be no assurance that these efforts will be successful or sufficient, and the financial statements do not include any adjustments that might result from the outcome of this uncertainty accompanying interim condensed financial statements have been prepared on a going concern basis, which contemplates the realization of assets and the settlement of liabilities in the normal course of business.</span></span></p> </div> -116000000 -3700000 6700000 <div> <div style="text-align:justify;line-height:1.25;font-weight:bold"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Note 2 - Basis of Presentation and Significant Accounting Policies</span></span></div> <div style="line-height:1.25"> </div> <div> <div style="text-align:justify;margin-left:36pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span style="font-weight:bold">A.</span><span>       </span><span style="font-weight:bold">Basis of Preparation</span></span></span></span></span></div> <div style="line-height:1.25"> </div> <div style="text-align:justify;margin-left:35.45pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>The condensed interim consolidated financial statements included in this quarterly report are unaudited. These financial statements have been prepared in accordance with U.S. GAAP and applicable rules and regulations of the SEC regarding interim financial reporting and reflect, in the opinion of management, all adjustments of a normal and recurring nature that are necessary for a fair statement of the Company’s financial position as of June 30, 2026, and its results of operations for the three and six months ended June 30, 2026 and 2025, changes in shareholders’ equity for the six months ended June 30, 2026 and 2025, and cash flows for the six months ended June 30, 2026 and 2025. The results of operations for the three and six months ended June 30, 2026 are not necessarily indicative of the results to be expected for the year ending December 31, 2026 or for any other future annual or interim period. These condensed interim financial statements should be read in conjunction with the audited financial statements included in the Company’s Annual Report on Form 20-F for the year ended December 31, 2025. The Company’s significant accounting policies are disclosed in the audited financial statements for the year ended December 31, 2025 included in the Company’s Annual Report on Form 20-F. Since the date of such financial statements, there have been no changes to the Company’s significant accounting policies.</span></span></span></span></div> </div> <div style="line-height:1.25"> </div> <div> <div style="text-align:justify;margin-left:36pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span style="font-weight:bold">B.</span></span></span></span></span><span style="font-size:10pt;font-family:Times New Roman, Times, serif">       </span><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span style="font-weight:bold">Use of estimates</span></span></span></span></span></div> <div style="line-height:1.25"> </div> <div style="text-align:justify;text-indent:-0.55pt;margin-left:36pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.</span></span></span></span></div> </div> </div> <div> <div style="text-align:justify;margin-left:36pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span style="font-weight:bold">A.</span><span>       </span><span style="font-weight:bold">Basis of Preparation</span></span></span></span></span></div> <div style="line-height:1.25"> </div> <div style="text-align:justify;margin-left:35.45pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>The condensed interim consolidated financial statements included in this quarterly report are unaudited. These financial statements have been prepared in accordance with U.S. GAAP and applicable rules and regulations of the SEC regarding interim financial reporting and reflect, in the opinion of management, all adjustments of a normal and recurring nature that are necessary for a fair statement of the Company’s financial position as of June 30, 2026, and its results of operations for the three and six months ended June 30, 2026 and 2025, changes in shareholders’ equity for the six months ended June 30, 2026 and 2025, and cash flows for the six months ended June 30, 2026 and 2025. The results of operations for the three and six months ended June 30, 2026 are not necessarily indicative of the results to be expected for the year ending December 31, 2026 or for any other future annual or interim period. These condensed interim financial statements should be read in conjunction with the audited financial statements included in the Company’s Annual Report on Form 20-F for the year ended December 31, 2025. The Company’s significant accounting policies are disclosed in the audited financial statements for the year ended December 31, 2025 included in the Company’s Annual Report on Form 20-F. Since the date of such financial statements, there have been no changes to the Company’s significant accounting policies.</span></span></span></span></div> </div> <div> <div style="text-align:justify;margin-left:36pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span style="font-weight:bold">B.</span></span></span></span></span><span style="font-size:10pt;font-family:Times New Roman, Times, serif">       </span><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span style="font-weight:bold">Use of estimates</span></span></span></span></span></div> <div style="line-height:1.25"> </div> <div style="text-align:justify;text-indent:-0.55pt;margin-left:36pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>The preparation of financial statements in conformity with accounting principles generally accepted in the United States requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosures of contingent assets and liabilities at the date of the financial statements, and the reported amounts of revenues and expenses during the reporting period. Actual results could differ materially from those estimates.</span></span></span></span></div> </div> <div> <div style="text-align:justify;line-height:1.25;font-weight:bold"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span><span>Note 3 - Segments</span></span></span></span></div> <div style="line-height:1.25"> </div> <div style="text-align:justify;text-indent:-0.55pt;margin-left:36pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>The Company has one reportable segment, focused on the research and development of therapeutics for conditions with high unmet medical needs involving inflammation and fibrosis. The Company’s Chief Operating Decision Maker ("CODM") is its Chief Executive Officer.</span></span></span></span></span></span></div> <div style="line-height:1.25"> </div> <div style="text-align:justify;text-indent:-0.55pt;margin-left:36pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>The segment is managed on a consolidated basis, and the CODM uses total operating expenses and consolidated net loss to assess performance, forecast future financial results, and allocate resources.</span></span></span></span></span></span></div> <div style="line-height:1.25"> </div> <div style="text-align:justify;text-indent:-0.55pt;margin-left:36pt;line-height:1.25"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><span><span>In evaluating the Company's financial performance and making strategic decisions, the CODM regularly reviews operating expenses by function. The CODM is provided only with consolidated expense data, as presented in the statement of operations. This includes a review of actual versus budgeted expenses, with particular focus on key spending categories such as payroll and related costs, clinical trial expenditures, manufacturing expenses, consultant fees, and other direct external program costs (see Notes 6 and 7).</span></span></span></span></span></span></div> </div> <div> <div> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>Note 4 - Share Capital</strong></span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify"> </p> <table cellpadding="0" cellspacing="0" style="font:10pt Times New Roman, Times, Serif;margin-top:0pt;margin-bottom:0pt" width="100%"> <tr style="vertical-align:top"> <td style="width:36pt"></td> <td style="width:34.9pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>A.</strong></span></span></td> <td><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>Right attached to shares</strong></span></span></td> </tr> </table> <p style="margin-top:0pt;margin-bottom:0pt;font:10pt Times New Roman, Times, Serif"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 0.5in;text-align:justify;text-indent:34.9pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong><i>Ordinary shares</i></strong></span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 0.5in;text-align:justify;text-indent:34.9pt"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">All of the issued and outstanding ordinary shares of the Company are duly authorized, validly issued, fully paid and non-assessable. The ordinary shares are not redeemable, and each ordinary share is entitled to one vote. The holders of the ordinary shares have the right to vote and participate in shareholders' meetings, the right to receive profits, and the right to participate in the accumulated earnings when the Company is dissolved.</span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>1.       Voting</strong></span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The holders of ordinary shares are entitled to vote on all matters submitted to shareholders for a vote.</span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>2.       Dividends</strong></span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The holders of the ordinary shares are entitled to receive dividends, when and as declared by the Board of Directors, and out of funds legally available.</span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Since its inception, the Company has not declared any dividends.</span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"> </p> <table cellpadding="0" cellspacing="0" style="font:10pt Times New Roman, Times, Serif;margin-top:0pt;margin-bottom:0pt" width="100%"> <tr style="vertical-align:top"> <td style="width:36pt"></td> <td style="width:34.9pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>B.</strong></span></span></td> <td><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>Financing rounds</strong></span></span></td> </tr> </table> <p style="margin-top:0pt;margin-bottom:0pt;font:10pt Times New Roman, Times, Serif"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">As disclosed in Note 8(1) to the Company’s annual financial statements as of December 31, 2025, the Company issued warrants to purchase up to 65,482 ADSs in connection with the March 2021 private placement. Such warrants expired in March 2026 without being exercised.</span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 10pt 1in;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">In July 2025, the Company entered into a Sales Agreement with LifeSci Capital, LLC, pursuant to which it may offer and sell, from time to time, American Depositary Shares (“ADSs”), each representing 80 ordinary shares, in an at-the-market offering (“ATM Offering”) for aggregate gross proceeds of up to $7.26 million. The Company is not obligated to sell any ADSs under the Sales Agreement, which may be terminated by either party in accordance with its terms.</span></span></p> </div> <div> <div></div> </div> <div> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">From August 1, 2025, through June 30, 2026, the Company issued 2,014,746 ADSs at an average price of approximately $3.04  per ADS under the LifeSci ATM Agreement, resulting in net proceeds of $5,882 thousand. During the six months ended June 30, 2026, the Company issued 34,760 ADSs at an average price of approximately $2.01 per ADS under the LifeSci ATM Agreement for net proceeds of approximately $68 thousand.</span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"> </p> <table cellpadding="0" cellspacing="0" style="font:10pt Times New Roman, Times, Serif;margin-top:0pt;margin-bottom:0pt" width="100%"> <tr style="vertical-align:top"> <td style="width:36pt"></td> <td style="width:34.9pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>C.</strong></span></span></td> <td><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>Share-based compensation</strong></span></span></td> </tr> </table> <p style="margin-top:0pt;margin-bottom:0pt;font:10pt Times New Roman, Times, Serif"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The expenses that were recognized in the consolidated statements of operations for services received from employees and service providers are as follows:</span></span></p> </div> <div style="line-height:1.25"> </div> <div style="line-height:1.25"> <div> <div> <div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:85%;font:10pt Times New Roman, Times, Serif;margin-left:1in"> <tr style="vertical-align:bottom"> <td> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Six Months ended</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Three Months ended</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Six Months ended</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Three Months ended</span></span></td> <td style="font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2026</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2026</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2025</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2025</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="width:52%;text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Research and development</span></span></td> <td style="width:1%;font-weight:bold"> </td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:9%;font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">79</span></span></td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:1%;font-weight:bold"> </td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:9%;font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">37</span></span></td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:1%"> </td> <td style="width:1%;text-align:left"> </td> <td style="width:9%;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">22</span></span></td> <td style="width:1%;text-align:left"> </td> <td style="width:1%"> </td> <td style="width:1%;text-align:left"> </td> <td style="width:9%;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">(39</span></span></td> <td style="width:1%;text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">)</span></span></td> </tr> <tr style="vertical-align:bottom"> <td style="text-align:left;padding-bottom:1pt;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">General and administrative</span></span></td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>142</strong></span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>50</strong></span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">223</span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">118</span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="padding-left:1in"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="text-align:left;padding-bottom:2.5pt;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Total share-based compensation expenses</span></span></td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>221</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>87</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">245</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">79</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> </tr> </table> </div> </div> </div> </div> <div> <p style="margin-left:72pt;margin-top:0pt;margin-bottom:0pt"> </p> <p style="margin-left:72pt;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">The number and weighted average exercise price of options are as follows:</span></span></p> <p style="margin-left:72pt;margin-top:0pt;margin-bottom:0pt"> </p> </div> <div> <div style="line-height:1.25"> <div> <div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:85%;font:10pt Times New Roman, Times, Serif;margin-left:1in"> <tr style="vertical-align:bottom;margin-top:0pt;margin-bottom:0pt"> <td style="text-align:justify;margin-top:0pt;margin-bottom:0pt"> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td colspan="2" style="text-align:right;border-bottom:1pt solid black;margin-top:0pt;margin-bottom:0pt"> <p style="font:10pt Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:right"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">Weighted</strong></span></span></span></span></p> <p style="font:10pt Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:right"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">average</strong></span></span></span></span></p> <p style="font:10pt Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:right"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">exercise price</strong></span></span></span></span></p> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td style="font-weight:bold;padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td colspan="2" style="border-bottom:1pt solid black;margin-bottom:0pt;margin-top:0pt;text-align:right"> <p style="margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-style:normal;font-variant:normal;font-size-adjust:none;font-language-override:normal;font-kerning:auto;font-optical-sizing:auto;font-feature-settings:normal;font-variation-settings:normal;font-weight:normal;font-stretch:normal;line-height:normal;text-align:right;margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">Number</strong></span></span></span></p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"><strong><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">of options</span></span></span></span></strong></p> </td> <td style="padding-bottom:1pt;font-weight:bold;margin-top:0pt;margin-bottom:0pt"> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td colspan="2" style="text-align:right;border-bottom:1pt solid black;margin-top:0pt;margin-bottom:0pt"> <div style="padding:0in 0in 1pt;border-bottom:0.5pt solid black;margin-top:0pt;margin-bottom:0pt"> <p style="font:10pt Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:right"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">Weighted</strong></span></span></span></span></p> <p style="font:10pt Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:right"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">average</strong></span></span></span></span></p> <p style="font:10pt Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:right"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">remaining contractual </strong></span></span></span></span></p> <p style="font:10pt Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:right"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">life (in years)</strong></span></span></span></span></p> </div> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> </tr> <tr style="vertical-align:bottom;margin-top:0pt;margin-bottom:0pt"> <td style="text-align:justify;margin-top:0pt;margin-bottom:0pt"> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td colspan="2" style="text-align:right;border-bottom:1pt solid black;margin-top:0pt;margin-bottom:0pt"> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:right;border-bottom:Black 0.5pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">June 30, 2026</strong> </span></span></p> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td colspan="2" style="text-align:right;border-bottom:1pt solid black;margin-top:0pt;margin-bottom:0pt"> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:right;border-bottom:Black 0.5pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">June 30, 2026</strong> </span></span></p> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td colspan="2" style="text-align:right;border-bottom:1pt solid black;margin-top:0pt;margin-bottom:0pt"> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:right;border-bottom:Black 0.5pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">June 30, 2026</strong> </span></span></p> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204, 238, 255);margin-top:0pt;margin-bottom:0pt"> <td style="width:64%;padding-left:0pt;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">Outstanding at January 1, 2026</span></span></td> <td style="width:1%;font-weight:bold;margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:1%;font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:9%;font-weight:bold;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">0.14</span></span></td> <td style="width:1%;font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:1%;font-weight:bold;margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:1%;font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:9%;font-weight:bold;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">31,492,720</span></span></td> <td style="width:1%;font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:1%;font-weight:bold;margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:1%;font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:9%;font-weight:bold;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">6.71</span></span></td> <td style="width:1%;font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> </tr> <tr style="vertical-align:bottom;margin-top:0pt;margin-bottom:0pt"> <td style="padding-left:0pt;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">Forfeited</span></span></td> <td style="font-weight:bold;margin-top:0pt;margin-bottom:0pt"> </td> <td style="font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="font-weight:bold;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">0.17</span></span></td> <td style="font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="font-weight:bold;margin-top:0pt;margin-bottom:0pt"> </td> <td style="font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="font-weight:bold;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">(1,418,880</span></span></td> <td style="font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">)</span></span></td> <td style="margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:right;margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204, 238, 255);margin-top:0pt;margin-bottom:0pt"> <td style="padding-bottom:1pt;padding-left:0pt;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">Granted</span></span></td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:1pt solid black;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:1pt solid black;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><strong>0.03</strong></span></span></td> <td style="padding-bottom:1pt;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:1pt solid black;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:1pt solid black;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><strong>1,930,960</strong></span></span></td> <td style="padding-bottom:1pt;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:1pt solid black;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:1pt solid black;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">9.79</span></span></td> <td style="padding-bottom:1pt;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> </tr> <tr style="vertical-align:bottom;margin-top:0pt;margin-bottom:0pt"> <td style="padding-left:1in;margin-top:0pt;margin-bottom:0pt"> </td> <td style="margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:right;margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:right;margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:right;margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204, 238, 255);margin-top:0pt;margin-bottom:0pt"> <td style="padding-bottom:2.5pt;padding-left:0pt;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">Outstanding at June 30, 2026</span></span></td> <td style="padding-bottom:2.5pt;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:2.5pt double black;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:2.5pt double black;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><strong>0.13</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="padding-bottom:2.5pt;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:2.5pt double black;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:2.5pt double black;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><strong>32,004,800</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="padding-bottom:2.5pt;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:2.5pt double black;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:2.5pt double black;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">6.14</span></span></td> <td style="padding-bottom:2.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> </tr> </table> </div> </div> </div> </div> <p style="margin:0pt"> </p> </div> <div></div> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif"> <p style="font-size:10pt;font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;margin-left:72pt">The number of RSAs is as follows:<br/> </p> </div> <div style="line-height:1.25;font-family:'Times New Roman',Times,serif"> <div> <div> <div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:85%;font:10pt Times New Roman, Times, Serif;margin-left:1in"> <tr style="vertical-align:bottom"> <td style="text-align:justify"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Number of RSAs</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td style="font-weight:bold;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">RSA</span></span></td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30, 2026</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="width:88%;text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Unvested at beginning of the year</span></span></td> <td style="width:1%;font-weight:bold"> </td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:9%;font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">10,071,360</span></span></td> <td style="width:1%;font-weight:bold;text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Granted</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">-</span></span></td> <td style="font-weight:bold;text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Issuance of ordinary shares upon vesting of RSAs</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">(1,486,480</span></span></td> <td style="font-weight:bold;text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">)</span></span></td> </tr> <tr style="vertical-align:bottom"> <td style="padding-bottom:1pt;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Forfeited</span></span></td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">-</span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="padding-left:1in"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-bottom:2.5pt;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Outstanding at June 30, 2026</span></span></td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>8,584,880</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> </tr> </table> </div> </div> </div> </div> 65482 80 7260000 2014746 3.04 5882000 34760 2.01 68000 <div> <div> <div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:85%;font:10pt Times New Roman, Times, Serif;margin-left:1in"> <tr style="vertical-align:bottom"> <td> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Six Months ended</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Three Months ended</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Six Months ended</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Three Months ended</span></span></td> <td style="font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2026</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2026</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2025</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2025</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="width:52%;text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Research and development</span></span></td> <td style="width:1%;font-weight:bold"> </td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:9%;font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">79</span></span></td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:1%;font-weight:bold"> </td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:9%;font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">37</span></span></td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:1%"> </td> <td style="width:1%;text-align:left"> </td> <td style="width:9%;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">22</span></span></td> <td style="width:1%;text-align:left"> </td> <td style="width:1%"> </td> <td style="width:1%;text-align:left"> </td> <td style="width:9%;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">(39</span></span></td> <td style="width:1%;text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">)</span></span></td> </tr> <tr style="vertical-align:bottom"> <td style="text-align:left;padding-bottom:1pt;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">General and administrative</span></span></td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>142</strong></span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>50</strong></span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">223</span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">118</span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="padding-left:1in"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="text-align:left;padding-bottom:2.5pt;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Total share-based compensation expenses</span></span></td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>221</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>87</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">245</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">79</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> </tr> </table> </div> </div> </div> 79000 37000 22000 -39000 142000 50000 223000 118000 221000 87000 245000 79000 <div> <div style="line-height:1.25"> <div> <div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:85%;font:10pt Times New Roman, Times, Serif;margin-left:1in"> <tr style="vertical-align:bottom;margin-top:0pt;margin-bottom:0pt"> <td style="text-align:justify;margin-top:0pt;margin-bottom:0pt"> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td colspan="2" style="text-align:right;border-bottom:1pt solid black;margin-top:0pt;margin-bottom:0pt"> <p style="font:10pt Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:right"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">Weighted</strong></span></span></span></span></p> <p style="font:10pt Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:right"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">average</strong></span></span></span></span></p> <p style="font:10pt Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:right"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">exercise price</strong></span></span></span></span></p> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td style="font-weight:bold;padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td colspan="2" style="border-bottom:1pt solid black;margin-bottom:0pt;margin-top:0pt;text-align:right"> <p style="margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-style:normal;font-variant:normal;font-size-adjust:none;font-language-override:normal;font-kerning:auto;font-optical-sizing:auto;font-feature-settings:normal;font-variation-settings:normal;font-weight:normal;font-stretch:normal;line-height:normal;text-align:right;margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">Number</strong></span></span></span></p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"><strong><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">of options</span></span></span></span></strong></p> </td> <td style="padding-bottom:1pt;font-weight:bold;margin-top:0pt;margin-bottom:0pt"> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td colspan="2" style="text-align:right;border-bottom:1pt solid black;margin-top:0pt;margin-bottom:0pt"> <div style="padding:0in 0in 1pt;border-bottom:0.5pt solid black;margin-top:0pt;margin-bottom:0pt"> <p style="font:10pt Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:right"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">Weighted</strong></span></span></span></span></p> <p style="font:10pt Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:right"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">average</strong></span></span></span></span></p> <p style="font:10pt Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:right"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">remaining contractual </strong></span></span></span></span></p> <p style="font:10pt Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt;text-align:right"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">life (in years)</strong></span></span></span></span></p> </div> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> </tr> <tr style="vertical-align:bottom;margin-top:0pt;margin-bottom:0pt"> <td style="text-align:justify;margin-top:0pt;margin-bottom:0pt"> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td colspan="2" style="text-align:right;border-bottom:1pt solid black;margin-top:0pt;margin-bottom:0pt"> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:right;border-bottom:Black 0.5pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">June 30, 2026</strong> </span></span></p> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td colspan="2" style="text-align:right;border-bottom:1pt solid black;margin-top:0pt;margin-bottom:0pt"> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:right;border-bottom:Black 0.5pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">June 30, 2026</strong> </span></span></p> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td colspan="2" style="text-align:right;border-bottom:1pt solid black;margin-top:0pt;margin-bottom:0pt"> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:right;border-bottom:Black 0.5pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><strong style="margin-top:0pt;margin-bottom:0pt">June 30, 2026</strong> </span></span></p> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204, 238, 255);margin-top:0pt;margin-bottom:0pt"> <td style="width:64%;padding-left:0pt;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">Outstanding at January 1, 2026</span></span></td> <td style="width:1%;font-weight:bold;margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:1%;font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:9%;font-weight:bold;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">0.14</span></span></td> <td style="width:1%;font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:1%;font-weight:bold;margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:1%;font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:9%;font-weight:bold;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">31,492,720</span></span></td> <td style="width:1%;font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:1%;font-weight:bold;margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:1%;font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="width:9%;font-weight:bold;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">6.71</span></span></td> <td style="width:1%;font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> </tr> <tr style="vertical-align:bottom;margin-top:0pt;margin-bottom:0pt"> <td style="padding-left:0pt;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">Forfeited</span></span></td> <td style="font-weight:bold;margin-top:0pt;margin-bottom:0pt"> </td> <td style="font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="font-weight:bold;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">0.17</span></span></td> <td style="font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="font-weight:bold;margin-top:0pt;margin-bottom:0pt"> </td> <td style="font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="font-weight:bold;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">(1,418,880</span></span></td> <td style="font-weight:bold;text-align:left;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">)</span></span></td> <td style="margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:right;margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204, 238, 255);margin-top:0pt;margin-bottom:0pt"> <td style="padding-bottom:1pt;padding-left:0pt;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">Granted</span></span></td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:1pt solid black;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:1pt solid black;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><strong>0.03</strong></span></span></td> <td style="padding-bottom:1pt;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:1pt solid black;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:1pt solid black;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><strong>1,930,960</strong></span></span></td> <td style="padding-bottom:1pt;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="padding-bottom:1pt;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:1pt solid black;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:1pt solid black;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">9.79</span></span></td> <td style="padding-bottom:1pt;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> </tr> <tr style="vertical-align:bottom;margin-top:0pt;margin-bottom:0pt"> <td style="padding-left:1in;margin-top:0pt;margin-bottom:0pt"> </td> <td style="margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:right;margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:right;margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:right;margin-top:0pt;margin-bottom:0pt"> </td> <td style="text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204, 238, 255);margin-top:0pt;margin-bottom:0pt"> <td style="padding-bottom:2.5pt;padding-left:0pt;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">Outstanding at June 30, 2026</span></span></td> <td style="padding-bottom:2.5pt;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:2.5pt double black;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:2.5pt double black;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><strong>0.13</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="padding-bottom:2.5pt;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:2.5pt double black;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:2.5pt double black;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><strong>32,004,800</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="padding-bottom:2.5pt;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:2.5pt double black;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> <td style="border-bottom:2.5pt double black;text-align:right;margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt">6.14</span></span></td> <td style="padding-bottom:2.5pt;text-align:left;margin-top:0pt;margin-bottom:0pt"> </td> </tr> </table> </div> </div> </div> </div> 0.14 31492720 P6Y8M15D 0.17 1418880 0.03 1930960 P9Y9M14D 0.13 32004800 P6Y1M20D <div> <div> <div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:85%;font:10pt Times New Roman, Times, Serif;margin-left:1in"> <tr style="vertical-align:bottom"> <td style="text-align:justify"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Number of RSAs</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td style="font-weight:bold;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">RSA</span></span></td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30, 2026</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="width:88%;text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Unvested at beginning of the year</span></span></td> <td style="width:1%;font-weight:bold"> </td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:9%;font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">10,071,360</span></span></td> <td style="width:1%;font-weight:bold;text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Granted</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">-</span></span></td> <td style="font-weight:bold;text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Issuance of ordinary shares upon vesting of RSAs</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">(1,486,480</span></span></td> <td style="font-weight:bold;text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">)</span></span></td> </tr> <tr style="vertical-align:bottom"> <td style="padding-bottom:1pt;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Forfeited</span></span></td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">-</span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="padding-left:1in"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-bottom:2.5pt;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Outstanding at June 30, 2026</span></span></td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>8,584,880</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> </tr> </table> </div> </div> </div> 10071360 0 1486480 0 8584880 <div> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><strong>Note 5 -</strong></span><strong> Net Loss Per Share Attributable to Ordinary Shareholders</strong></span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Basic net loss per share is computed by dividing the net loss available to common stockholders by the weighted-average number of ordinary shares outstanding. Diluted net loss per share is computed similarly to basic net loss per share except that the denominator is increased to include the number of additional ordinary shares that would have been outstanding if the potential ordinary shares had been issued and if the additional ordinary shares of were dilutive. Diluted net loss per share is the same as basic net loss per share of ordinary share, as the effect of potentially dilutive securities is antidilutive.</span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The following table sets forth the computation of basic and diluted net loss per share attributable to ordinary shareholders for the periods presented:</span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"> </p> <div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:85%;font:10pt Times New Roman, Times, Serif;margin-left:1in"> <tr style="vertical-align:bottom"> <td> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right;margin-top:0pt;margin-bottom:0pt"> <p style="margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">Six Months ended</span></span></span></span></p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">June 30,</span></span></span></span></p> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right;margin-top:0pt;margin-bottom:0pt"> <p style="margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">Three Months ended</span></span></span></span></p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">June 30,</span></span></span></span></p> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right;margin-top:0pt;margin-bottom:0pt"> <p style="margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">Six Months ended</span></span></span></span></p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">June 30,</span></span></span></span></p> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right;margin-top:0pt;margin-bottom:0pt"> <p style="margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">Three Months ended </span></span></span></span></p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">June 30,</span></span></span></span></p> </td> <td style="font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td> </td> <td style="padding-bottom:1pt"> </td> <td colspan="2" style="text-align:right"> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:right;border-bottom:Black 0.5pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>2026</strong> </span></span></p> </td> <td style="padding-bottom:1pt"> </td> <td style="padding-bottom:1pt"> </td> <td colspan="2" style="text-align:right"> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:right;border-bottom:Black 0.5pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>2026</strong> </span></span></p> </td> <td style="padding-bottom:1pt"> </td> <td style="padding-bottom:1pt"> </td> <td colspan="2" style="text-align:right"> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:right;border-bottom:Black 0.5pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>2025</strong> </span></span></p> </td> <td style="padding-bottom:1pt"> </td> <td style="padding-bottom:1pt"> </td> <td colspan="2" style="text-align:right"> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:right;border-bottom:Black 0.5pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>2025</strong> </span></span></p> </td> <td style="padding-bottom:1pt"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="font-weight:bold;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Numerator:</span></span></td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="width:52%;text-align:justify;padding-bottom:2.5pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Net loss</span></span></td> <td style="width:1%;padding-bottom:2.5pt"> </td> <td style="width:1%;border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="width:9%;border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>3,938</strong></span></span></td> <td style="width:1%;padding-bottom:2.5pt;text-align:left"> </td> <td style="width:1%;padding-bottom:2.5pt"> </td> <td style="width:1%;border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="width:9%;border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>2,165</strong></span></span></td> <td style="width:1%;padding-bottom:2.5pt;text-align:left"> </td> <td style="width:1%;padding-bottom:2.5pt"> </td> <td style="width:1%;border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="width:9%;border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">5,380</span></span></td> <td style="width:1%;padding-bottom:2.5pt;text-align:left"> </td> <td style="width:1%;padding-bottom:2.5pt"> </td> <td style="width:1%;border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="width:9%;border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2,057</span></span></td> <td style="width:1%;padding-bottom:2.5pt;text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:justify"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="font-weight:bold;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Denominator:</span></span></td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:justify;padding-bottom:2.5pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Weighted-average number of ordinary shares used in computing net loss per share attributable to ordinary shareholders, basic and diluted</span></span></td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>639,483,242</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>640,243,933</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">459,829,621</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">463,508,519</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="text-align:justify"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:justify;padding-bottom:2.5pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Net loss per share attributable to ordinary shareholders, basic and diluted</span></span></td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>0.006</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>0.003</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">0.012</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">0.004</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> </tr> </table> </div> <div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"> </div> <div></div> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0 0pt 1in;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">The potential number of ordinary shares that were excluded from the computation of diluted net loss per share attributable to ordinary shareholders for the periods presented since including them would have been anti-dilutive are as follows:</span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0"> </p> <div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"> <div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:85%;font:10pt Times New Roman, Times, Serif;margin-left:1in"> <tr style="vertical-align:bottom"> <td> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"> <p style="margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">Six Months ended</span></span></span></span></p> <p style="margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">June 30,</span></span></span></span></p> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"> <p style="margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">Six Months ended </span></span></span></span></p> <p style="margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">June 30,</span></span></span></span></p> </td> <td style="font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2026</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2025</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:justify;padding-bottom:2.5pt;width:76%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Outstanding options to purchase ordinary shares and RSAs</span></span></td> <td style="font-weight:bold;padding-bottom:2.5pt;width:1%"> </td> <td style="border-bottom:Black 2.5pt double;font-weight:bold;text-align:left;width:1%"> </td> <td style="border-bottom:Black 2.5pt double;font-weight:bold;text-align:right;width:9%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">40,589,680</span></span></td> <td style="padding-bottom:2.5pt;font-weight:bold;text-align:left;width:1%"> </td> <td style="padding-bottom:2.5pt;width:1%"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left;width:1%"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right;width:9%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">44,471,160</span></span></td> <td style="padding-bottom:2.5pt;text-align:left;width:1%"> </td> </tr> </table> </div> </div> </div> <div> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:85%;font:10pt Times New Roman, Times, Serif;margin-left:1in"> <tr style="vertical-align:bottom"> <td> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right;margin-top:0pt;margin-bottom:0pt"> <p style="margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">Six Months ended</span></span></span></span></p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">June 30,</span></span></span></span></p> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right;margin-top:0pt;margin-bottom:0pt"> <p style="margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">Three Months ended</span></span></span></span></p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">June 30,</span></span></span></span></p> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right;margin-top:0pt;margin-bottom:0pt"> <p style="margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">Six Months ended</span></span></span></span></p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">June 30,</span></span></span></span></p> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right;margin-top:0pt;margin-bottom:0pt"> <p style="margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">Three Months ended </span></span></span></span></p> <p style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"><span style="font-family:Times New Roman,Times,serif"><span style="font-size:10pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">June 30,</span></span></span></span></p> </td> <td style="font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td> </td> <td style="padding-bottom:1pt"> </td> <td colspan="2" style="text-align:right"> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:right;border-bottom:Black 0.5pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>2026</strong> </span></span></p> </td> <td style="padding-bottom:1pt"> </td> <td style="padding-bottom:1pt"> </td> <td colspan="2" style="text-align:right"> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:right;border-bottom:Black 0.5pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>2026</strong> </span></span></p> </td> <td style="padding-bottom:1pt"> </td> <td style="padding-bottom:1pt"> </td> <td colspan="2" style="text-align:right"> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:right;border-bottom:Black 0.5pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>2025</strong> </span></span></p> </td> <td style="padding-bottom:1pt"> </td> <td style="padding-bottom:1pt"> </td> <td colspan="2" style="text-align:right"> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:right;border-bottom:Black 0.5pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>2025</strong> </span></span></p> </td> <td style="padding-bottom:1pt"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="font-weight:bold;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Numerator:</span></span></td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="width:52%;text-align:justify;padding-bottom:2.5pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Net loss</span></span></td> <td style="width:1%;padding-bottom:2.5pt"> </td> <td style="width:1%;border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="width:9%;border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>3,938</strong></span></span></td> <td style="width:1%;padding-bottom:2.5pt;text-align:left"> </td> <td style="width:1%;padding-bottom:2.5pt"> </td> <td style="width:1%;border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="width:9%;border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>2,165</strong></span></span></td> <td style="width:1%;padding-bottom:2.5pt;text-align:left"> </td> <td style="width:1%;padding-bottom:2.5pt"> </td> <td style="width:1%;border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="width:9%;border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">5,380</span></span></td> <td style="width:1%;padding-bottom:2.5pt;text-align:left"> </td> <td style="width:1%;padding-bottom:2.5pt"> </td> <td style="width:1%;border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="width:9%;border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2,057</span></span></td> <td style="width:1%;padding-bottom:2.5pt;text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:justify"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="font-weight:bold;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Denominator:</span></span></td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:justify;padding-bottom:2.5pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Weighted-average number of ordinary shares used in computing net loss per share attributable to ordinary shareholders, basic and diluted</span></span></td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>639,483,242</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>640,243,933</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">459,829,621</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">463,508,519</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="text-align:justify"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:justify;padding-bottom:2.5pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Net loss per share attributable to ordinary shareholders, basic and diluted</span></span></td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>0.006</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>0.003</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">0.012</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">0.004</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> </tr> </table> </div> -3938000 -2165000 -5380000 -2057000 639483242 639483242 640243933 640243933 459829621 459829621 463508519 463508519 0.006 0.006 0.003 0.003 0.012 0.012 0.004 0.004 <div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"> <div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:85%;font:10pt Times New Roman, Times, Serif;margin-left:1in"> <tr style="vertical-align:bottom"> <td> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"> <p style="margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">Six Months ended</span></span></span></span></p> <p style="margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">June 30,</span></span></span></span></p> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"> <p style="margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">Six Months ended </span></span></span></span></p> <p style="margin-top:0pt;margin-bottom:0pt"><span style="font-size:10pt;margin-top:0pt;margin-bottom:0pt"><span style="font-family:Times New Roman, Times, serif;margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt"><span style="margin-top:0pt;margin-bottom:0pt">June 30,</span></span></span></span></p> </td> <td style="font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2026</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2025</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:justify;padding-bottom:2.5pt;width:76%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Outstanding options to purchase ordinary shares and RSAs</span></span></td> <td style="font-weight:bold;padding-bottom:2.5pt;width:1%"> </td> <td style="border-bottom:Black 2.5pt double;font-weight:bold;text-align:left;width:1%"> </td> <td style="border-bottom:Black 2.5pt double;font-weight:bold;text-align:right;width:9%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">40,589,680</span></span></td> <td style="padding-bottom:2.5pt;font-weight:bold;text-align:left;width:1%"> </td> <td style="padding-bottom:2.5pt;width:1%"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left;width:1%"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right;width:9%"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">44,471,160</span></span></td> <td style="padding-bottom:2.5pt;text-align:left;width:1%"> </td> </tr> </table> </div> </div> 40589680 44471160 <div> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>Note 6 - Research and Development</strong></span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0"> </p> <div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"> <div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:85%;font:10pt Times New Roman, Times, Serif;margin-left:1in"> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Six Months ended</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Three Months ended</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Six Months ended</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Three Months ended</span></span></td> <td style="font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2026</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2026</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2025</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2026</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="width:52%;text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Consultants and subcontractors</span></span></td> <td style="width:1%;font-weight:bold"> </td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:9%;font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">1,076</span></span></td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:1%;font-weight:bold"> </td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:9%;font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">644</span></span></td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:1%"> </td> <td style="width:1%;text-align:left"> </td> <td style="width:9%;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2,572</span></span></td> <td style="width:1%;text-align:left"> </td> <td style="width:1%"> </td> <td style="width:1%;text-align:left"> </td> <td style="width:9%;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">817</span></span></td> <td style="width:1%;text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Salaries and related expenses</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">862</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">432</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">1,085</span></span></td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">459</span></span></td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Lease and maintenance</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">22</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">11</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">58</span></span></td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">31</span></span></td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Share-based compensation</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">79</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">37</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">22</span></span></td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">(39</span></span></td> <td style="text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">)</span></span></td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:left;padding-bottom:1pt;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Other expenses</span></span></td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>28</strong></span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>18</strong></span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">43</span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">19</span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-bottom:2.5pt;padding-left:0pt"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>2,067</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>1,142</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">3,780</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">1,287</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> </tr> </table> </div> </div> </div> <div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"> <div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:85%;font:10pt Times New Roman, Times, Serif;margin-left:1in"> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Six Months ended</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Three Months ended</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Six Months ended</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Three Months ended</span></span></td> <td style="font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2026</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2026</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2025</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2026</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="width:52%;text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Consultants and subcontractors</span></span></td> <td style="width:1%;font-weight:bold"> </td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:9%;font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">1,076</span></span></td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:1%;font-weight:bold"> </td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:9%;font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">644</span></span></td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:1%"> </td> <td style="width:1%;text-align:left"> </td> <td style="width:9%;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2,572</span></span></td> <td style="width:1%;text-align:left"> </td> <td style="width:1%"> </td> <td style="width:1%;text-align:left"> </td> <td style="width:9%;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">817</span></span></td> <td style="width:1%;text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Salaries and related expenses</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">862</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">432</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">1,085</span></span></td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">459</span></span></td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Lease and maintenance</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">22</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">11</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">58</span></span></td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">31</span></span></td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Share-based compensation</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">79</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">37</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">22</span></span></td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">(39</span></span></td> <td style="text-align:left"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">)</span></span></td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:left;padding-bottom:1pt;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Other expenses</span></span></td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>28</strong></span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>18</strong></span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">43</span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">19</span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-bottom:2.5pt;padding-left:0pt"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>2,067</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>1,142</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">3,780</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">1,287</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> </tr> </table> </div> </div> 1076000 644000 2572000 817000 862000 432000 1085000 459000 22000 11000 58000 31000 79000 37000 22000 -39000 28000 18000 43000 19000 2067000 1142000 3780000 1287000 <div> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>Note 7 - General and Administrative</strong></span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0"> </p> <div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"> <div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:85%;font:10pt Times New Roman, Times, Serif;margin-left:1in"> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Six Months ended</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Three Months ended</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Six Months ended</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Three Months ended</span></span></td> <td style="font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2026</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2026</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2025</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2025</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="width:52%;text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Salaries, fees and related expenses</span></span></td> <td style="width:1%;font-weight:bold"> </td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:9%;font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">573</span></span></td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:1%;font-weight:bold"> </td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:9%;font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">295</span></span></td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:1%"> </td> <td style="width:1%;text-align:left"> </td> <td style="width:9%;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">527</span></span></td> <td style="width:1%;text-align:left"> </td> <td style="width:1%"> </td> <td style="width:1%;text-align:left"> </td> <td style="width:9%;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">269</span></span></td> <td style="width:1%;text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Professional services</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">797</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">505</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">653</span></span></td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">332</span></span></td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Share-based compensation</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">142</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">50</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">223</span></span></td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">118</span></span></td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Fees to directors</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">141</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">69</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">143</span></span></td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">71</span></span></td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Directors' and Officers' Insurance</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">230</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">115</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">255</span></span></td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">128</span></span></td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Lease and maintenance</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">18</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">9</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">27</span></span></td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">14</span></span></td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:left;padding-bottom:1pt;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Other expenses</span></span></td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>123</strong></span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>56</strong></span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">141</span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">43</span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="padding-bottom:2.5pt;padding-left:0pt"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>2,024</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>1,099</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">1,969</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">975</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> </tr> </table> </div> </div> </div> <div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"> <div style="font-size:10pt;margin-top:0pt;margin-bottom:0pt;font-family:'Times New Roman', Times, serif"> <table cellpadding="0" cellspacing="0" style="border-collapse:collapse;width:85%;font:10pt Times New Roman, Times, Serif;margin-left:1in"> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Six Months ended</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Three Months ended</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Six Months ended</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Three Months ended</span></span></td> <td style="font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold"> </td> <td colspan="2" style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">June 30,</span></span></td> <td style="font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2026</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2026</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2025</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">2025</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> <td style="font-weight:bold;padding-bottom:1pt"> </td> <td colspan="2" style="font-weight:bold;text-align:right;border-bottom:Black 1pt solid"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">USD thousands</span></span></td> <td style="padding-bottom:1pt;font-weight:bold"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="width:52%;text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Salaries, fees and related expenses</span></span></td> <td style="width:1%;font-weight:bold"> </td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:9%;font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">573</span></span></td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:1%;font-weight:bold"> </td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:9%;font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">295</span></span></td> <td style="width:1%;font-weight:bold;text-align:left"> </td> <td style="width:1%"> </td> <td style="width:1%;text-align:left"> </td> <td style="width:9%;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">527</span></span></td> <td style="width:1%;text-align:left"> </td> <td style="width:1%"> </td> <td style="width:1%;text-align:left"> </td> <td style="width:9%;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">269</span></span></td> <td style="width:1%;text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Professional services</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">797</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">505</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">653</span></span></td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">332</span></span></td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Share-based compensation</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">142</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">50</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">223</span></span></td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">118</span></span></td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Fees to directors</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">141</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">69</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">143</span></span></td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">71</span></span></td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Directors' and Officers' Insurance</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">230</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">115</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">255</span></span></td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">128</span></span></td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="text-align:left;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Lease and maintenance</span></span></td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">18</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold"> </td> <td style="font-weight:bold;text-align:left"> </td> <td style="font-weight:bold;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">9</span></span></td> <td style="font-weight:bold;text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">27</span></span></td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">14</span></span></td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="text-align:left;padding-bottom:1pt;padding-left:0pt"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">Other expenses</span></span></td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>123</strong></span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>56</strong></span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">141</span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> <td style="padding-bottom:1pt"> </td> <td style="border-bottom:Black 1pt solid;text-align:left"> </td> <td style="border-bottom:Black 1pt solid;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">43</span></span></td> <td style="padding-bottom:1pt;text-align:left"> </td> </tr> <tr style="vertical-align:bottom"> <td style="padding-left:0pt"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> <td> </td> <td style="text-align:left"> </td> <td style="text-align:right"> </td> <td style="text-align:left"> </td> </tr> <tr style="vertical-align:bottom;background-color:rgb(204,238,255)"> <td style="padding-bottom:2.5pt;padding-left:0pt"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>2,024</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><strong>1,099</strong></span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">1,969</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> <td style="padding-bottom:2.5pt"> </td> <td style="border-bottom:Black 2.5pt double;text-align:left"> </td> <td style="border-bottom:Black 2.5pt double;text-align:right"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif">975</span></span></td> <td style="padding-bottom:2.5pt;text-align:left"> </td> </tr> </table> </div> </div> 573000 295000 527000 269000 797000 505000 653000 332000 142000 50000 223000 118000 141000 69000 143000 71000 230000 115000 255000 128000 18000 9000 27000 14000 123000 56000 141000 43000 2024000 1099000 1969000 975000 <div> <div> <div> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><strong>Note 8 - Subsequent events</strong></span></span></span></span><br/> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>On July 7, 2026, the Company, Scipher Medicine Corporation, a Delaware corporation (“Scipher”), and other parties detailed below under “Merger Agreement” entered into an Agreement and Plan of Merger (the “Merger Agreement”), pursuant to which, among other things the parties will effect a series of transactions resulting in Chemomab redomiciling into the U.S. and Scipher becoming a wholly owned subsidiary of Chemomab following such domestication, as described below.</span></span></span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><i>Merger Agreement</i></span></span></span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>The parties to the Merger Agreement are the Company, Snowdrift Parent Corporation, a Delaware corporation (“Chemomab Parent”), Snowdrift Sub Corp., a Delaware corporation and a wholly owned subsidiary of Chemomab Parent (the “Merger Sub”), Elderwood Ltd., an Israeli company and a wholly owned subsidiary of Chemomab Parent (the “Domestication Merger Sub”), and Scipher. Pursuant to the Merger Agreement, following the merger of the Domestication Merger Sub with and into the Company, with the Company being the surviving entity and a wholly owned subsidiary of Chemomab Parent (the “Domestication Merger”), and upon satisfaction of additional closing conditions, the Merger Sub will merge with and into Scipher, with Scipher being the surviving entity (the “Surviving Corporation”) and a wholly owned subsidiary of Chemomab Parent (the “Merger”, and the time at which the Merger becomes effective, the “Effective Time”).</span></span></span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>The Merger Agreement and the consummation of the transactions contemplated thereby, including the Merger (collectively, the “Transactions”), have been unanimously approved by each of the Company’s board of directors and Scipher’s board of directors, and the Company’s board of directors has resolved to recommend that the Company’s shareholders approve the Merger Agreement and the Transactions, including the Merger.</span></span></span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Once the Merger is completed, the business of Scipher will combine with the business of the Company in Chemomab Parent (collectively, the “Combined Company”), and the parties expect the common stock of the Combined Company to be listed on the Nasdaq Capital Market under the ticker symbol “SCIP.”</span></span></span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>In support of the Merger, a syndicate of current Scipher investors has committed to a new financing to Scipher, Chemomab and the Combined Company for aggregate gross cash proceeds of not less than $30 million (the “Concurrent PIPE Investment”). The closing of the Concurrent PIPE Investment is a condition to the Closing of the Merger.</span></span></span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Immediately following the closing of the Merger (the “Closing”), certain former Scipher securityholders immediately before the Merger are expected to own approximately 68% of the aggregate number of outstanding securities of the Combined Company prior to the Concurrent PIPE Investment, and the securityholders of Chemomab immediately before the Domestication Merger are expected to own approximately 32% of the aggregate number of the outstanding securities of the Combined Company prior to the Concurrent PIPE Investment, calculated on a fully diluted basis. In addition, holders of Chemomab’s ordinary shares represented by ADSs and vested options to acquire ordinary shares represented by ADSs will be entitled to receive contingent value rights (“CVRs”), providing the opportunity to receive additional value upon the achievement of certain specified milestones related to nebokitug, subject to the terms and conditions of the contingent value rights agreement.</span></span></span></span><br/> </p> <div></div> <p style="font:10pt Times New Roman, Times, serif;margin:0pt 0px;text-indent:0.5in"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><i>Domestication</i></span></span></span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Prior to the Effective Time, the Company will effect a domestication transaction (the “Domestication”) pursuant to which the Company will become a wholly owned, direct subsidiary of Chemomab Parent. The Domestication will be effected through the Domestication Merger. As a result of the Domestication, the holders of the Company’s outstanding securities immediately prior to the Domestication Merger (including holders of Company options) will by virtue of the Domestication become security holders of Chemomab Parent in the same holding proportions as immediately prior to the Domestication.</span></span></span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>As a condition to Closing, the Company must obtain certain tax rulings from the Israel Tax Authority relating to the Domestication, including rulings regarding the treatment of Company options and shares issued under the Company’s stock plans, and rulings for non-Israeli resident shareholders exempting Chemomab Parent, the Company and their agents from withholding obligations on consideration payable pursuant to the Domestication Merger and the CVRs.</span></span></span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span><i>Contingent Value Rights</i></span></span></span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>Holders of the Company’s ordinary shares represented by ADSs and vested options to acquire ordinary shares represented by ADSs as of immediately prior to the Domestication will be entitled to receive one CVR for each share of Chemomab Parent common stock or vested option to acquire a share of Chemomab Parent common stock held immediately following the Domestication Merger, subject to and in accordance with the terms and conditions of a contingent value rights agreement (the “CVR Agreement”) to be entered into at or prior to the Effective Time. The CVRs represent the right to receive contingent cash payments upon the achievement of certain specified milestones related to the Company’s legacy asset, nebokitug, subject to the terms and conditions of the CVR Agreement.</span></span></span></span></p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"> </p> <p style="font:10pt Times New Roman, Times, Serif;margin:0pt 0;text-align:justify;text-indent:0.5in"><span style="font-size:10pt"><span style="font-family:Times New Roman,Times,serif"><span><span>The CVRs will not be registered under the Securities Act of 1933, as amended (the “Securities Act”), and will not be listed for trading on any securities exchange. The CVRs will not be transferable, except in limited circumstances as set forth in the CVR Agreement. The CVR Agreement must be fully executed and in full force and effect as a condition to the obligations of the Company to effect the Merger.</span></span></span></span></p> </div> </div> </div> 30000000 0.68 0.32 1 American Depositary Share (ADS) represents 80 Ordinary Shares Ordinary shares no par value