v3.26.1
Segment Reporting
 6 Months Ended
Jun. 30, 2026
Segment Reporting [Abstract]  
SEGMENT REPORTING

NOTE 10 – SEGMENT REPORTING

 

Segment information is prepared on the same basis that the chief executive officer, who is the Company’s chief operating decision maker, manages the business, makes business decisions and assesses performance. The Company has one reportable segment specializing in the developments and sale of autonomous parachute safety systems technologies for commercial and military platforms as well as for urban air mobility aircraft, as described in Note 1.

 

The chief executive officer assesses performance for this segment and decides how to allocate resources based on operating expenses excluding non-cash items and net loss. The measure of segment assets is reported on the balance sheet as cash and cash equivalents. The chief executive officer performs the assessment of segment performance by using the reported measure of segment profit or loss to monitor budget versus actual results.

 

The table below summarizes the significant expense categories regularly reviewed by the chief operating decision maker for the periods ended June 30, 2026 and June 30, 2025:

 

   June 30   June 30 
   2026   2025 
Sales   1,057,210    357,979 
Cost of Sales (*)          
Payroll and payroll related   195,629    100,632 
Others   615,564    244,673 
           
Research and Development expenses (*)          
Payroll and payroll related   606,382    697,656 
Material, subcontractors, consultants and other   344,504    419,550 
           
Selling and Marketing expenses (*)          
Payroll and payroll related   553,843    325,710 
Professional services, tradeshows and others   499,933    407,139 
           
General and Administrative expenses (*)          
Payroll and payroll related   343,397    229,530 
Professional services and Facility related and other   1,200,526    978,109 
           
Other segment items: (*)   1,033,267    (749,065)
           
Net loss   4,335,835    2,295,955 

 

(*)Excluding share-based payments, change in fair value of derivative warrants liabilities, depreciation, inventory obsolescence expenses, finance income and expenses that are included in other segment items