v3.26.1
SEGMENT INFORMATION (Tables)
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SCHEDULE OF SEGMENT INFORMATION

 

   Flywheel   Corporate & Other   Total 
   Six months ended June 30, 2026 
   Flywheel   Corporate & Other   Total 
   U.S. dollars in thousands 
             
Significant segment expenses               
Research and development payroll   530    -    530 
Research and development projects   36    -    36 
Operating lease and maintenance   286    -    286 
Professional Services   -    930    930 
Directors Insurance   -    279    279 
Investors relations expenses   -    42    42 
Share-based compensation expense   1    13,773    13,774 
Unrealized loss on digital asset   -    30,328    30,328 
Digital asset custody and sponsor fees   -    261    261 
Other segment items (1)   427    (38)   389 
Net loss   1,280    45,575    46,855 
Total assets, as of June 30, 2026 (2)   2,698    84,730    87,428 

 

 

   Flywheel   Corporate & Other   Total 
   Six months ended June 30, 2025 
   Flywheel   Corporate & Other   Total 
   U.S. dollars in thousands 
Total revenues   247    -    247 
Significant segment expenses               
Inventory write-off   1,568    -    1,568 
Research and development payroll   1,631    -    1,631 
Research and development projects   245    -    245 
Operating lease and maintenance   328    -    328 
Professional Services   -    949    949 
Directors Insurance   -    316    316 
Share-based compensation expense   53    6    59 
Other segment items (1)   2,034    162    2,196 
Net loss   5,612    1,433    7,045 
Total assets, as of June 30, 2025 (2)   6,106    445    6,551 

 

(1)Other segment items for the Flywheel Business are primarily related to cost of revenue, payroll and other costs supporting the Company’s research and development activity, patents and certain expenses that are not easily allocatable to specific functions.

 

(2)Flywheel Segment assets include all Company assets except digital assets, short term prepaid expenses, long-term prepaid expenses and certain cash and cash equivalents.