v3.26.1
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows from operating activities    
Net loss for the period $ (7,310) $ (5,679)
Adjustments to reconcile loss to net cash used in operating activities:    
Depreciation 65 59
Share-based payment 556 429
Change in operating lease liability (5) 42
Write-off of acquired in-process research and development [1] 1,028
Effect of exchange rate changes on cash and cash equivalents (390) (128)
Revaluation of derivatives, warrant liabilities and other 380
Changes in operating assets and liabilities:    
Decrease (increase) in accounts receivables (267) 400
Increase in other current assets (199) (39)
Decrease (increase) in inventories 609 (126)
Decrease in trade accounts payable (99) (30)
Increase (decrease) in other accounts payable (201) 31
Net cash used in operating activities (6,213) (4,661)
Cash flows from investing activities    
Purchase of fixed assets (71) (10)
Cash acquired upon initial consolidation of subsidiary, net [1] 163
Net cash provided by (used in) investing activities 92 (10)
Cash flows from financing activities:    
Proceeds from a convertible loan credit facility and issuance of warrants
Payments on convertible loan credit facility
Proceeds from exercise of warrants, net of issuance expenses 2,204
Proceeds from issuance of shares and warrants, net of issuance expenses 1,083 7,555
Net cash provided by financing activities 1,083 9,759
Effect of exchange rate changes on cash and cash equivalents 390 128
Increase (Decrease) in cash, cash equivalents and restricted cash (4,648) 5,216
Cash, cash equivalents and restricted cash at the beginning of the period 20,229 17,468
Cash, cash equivalents and restricted cash at the end of the period 15,581 22,684
Non Cash Activities:    
Acquisition of subsidiary through issuance of ordinary shares 1,073
Cash and cash equivalents acquired 176  
Transaction costs paid in cash (13)  
Net cash acquired upon initial consolidation 163  
Cash and cash equivalents 176  
Trade payables assumed (36)  
Other accounts payable and accrued expenses assumed (27)  
Net assets upon initial consolidation 113  
Non-controlling interests recognized upon initial consolidation (55)  
Net assets attributable to Rail Vision 58  
Fair value of ordinary shares issued 1,073  
Transaction costs paid in cash 13  
Less: net assets attributable to Rail Vision upon initial consolidation (58)  
Acquired IPR&D written off $ 1,028  
[1] INITIAL CONSOLIDATION OF SUBSIDIARY