v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 23,271 $ 27,028
Short term deposits 42 39
Prepaid expenses 570 571
Other current assets 647 1,264
TOTAL CURRENT ASSETS 24,530 28,902
NON-CURRENT ASSETS:    
Restricted bank deposits 236 221
Prepaid expenses 568 799
Digital assets 61,300 91,628
Operating lease right of use assets 581 726
Property and equipment, net 213 289
TOTAL NON-CURRENT ASSETS 62,898 93,663
TOTAL ASSETS 87,428 [1] 122,565
CURRENT LIABILITIES:    
Accounts payable 64 178
Other payables and accrued expenses 1,181 2,161
Short-term employee benefits 323 302
Current maturities of operating lease liabilities 329 292
TOTAL CURRENT LIABILITIES 1,897 2,933
NON-CURRENT LIABILITIES:    
Operating lease liabilities 293 432
TOTAL NON-CURRENT LIABILITIES 293 432
TOTAL LIABILITIES 2,190 3,365
COMMITMENTS AND CONTINGENCIES (Note 6)
SHAREHOLDERS’ EQUITY:    
Share capital - Ordinary shares of NIS 0.0572 par value - Authorized: 50,000,000 shares on June 30, 2026, and December 31, 2025; Issued: 8,101,159 shares on June 30, 2026, and 8,099,799 on December 31, 2025; Outstanding: 8,009,608 shares on June 30, 2026, and 8,099,799 on December 31, 2025; 139 139
Treasury stock at cost, 91,551 shares at June 30, 2026 (881)
Additional paid-in capital 247,857 234,083
Accumulated other comprehensive loss (1,262) (1,262)
Accumulated deficit (160,615) (113,760)
TOTAL EQUITY 85,238 119,200
TOTAL LIABILITIES AND EQUITY $ 87,428 $ 122,565
[1] Flywheel Segment assets include all Company assets except digital assets, short term prepaid expenses, long-term prepaid expenses and certain cash and cash equivalents.