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 USED IN OPERATING ACTIVITIES:    
Net loss for the period $ (8,440) $ (2,742)
Adjustments to reconcile net loss to net cash from (used in) operating activities:    
Exchange rate differences on cash and cash equivalents (27) (30)
Finance expenses on lease liabilities 25
Amortization of intangible assets 738 436
Depreciation 25 28
Loss from change in the fair value of a financial asset at fair value 1
Equity losses 67 76
Revaluation of Derivative Liabilities 205 (5,628)
Revaluation of convertible promissory note 3,265 4,686
Financing expenses on convertible debenture 172
Interest expenses on long term loan 2
Financing income on convertible loan receivable (57)
Exchange rate differences on convertible loan receivable 51
Derecognition of loan commitment liability (258)
Changes in deferred taxes, net 56 (97)
Gain from reassessment of lease term (111)
Remeasurement of a Deferred Payment 25
Share-based payment 904 509
Adjustments to reconcile net loss to net cash from (used in) operating activities total 5,143 (80)
Changes in operating assets and liabilities:    
Decrease in trade receivables 222 160
Decrease in operating lease right-of-use assets 308 1,385
Decrease in operating lease liabilities (298) (1,198)
Increase in other receivables (157) (511)
Decrease (increase) in inventory 200 (39)
Increase in accounts payable and other payables 41 618
Increase in restricted deposit (2) (2)
Net cash used in operating activities (2,983) (2,409)
CASH FLOWS USED IN INVESTING ACTIVITIES:    
Acquisition of Pure Logistics, net of cash acquired (2,253)
Purchase of property and equipment (6) (6)
Initial direct costs capitalized to right-of-use assets (12)
Net cash used in investing activities (18) (2,259)
CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES:    
Issuance of ordinary shares, net 2,221
Issuance of ordinary shares and warrants, net 1,101
Issuance of ordinary shares and pre-funded warrants, net 541
Exercise of Series A warrants 355 534
Exercise of warrants issued with convertible promissory notes 1,309
Proceeds from third-party loan 100
Sale of subsidiary shares to noncontrolling interests 670
Exercise of Fort Technology warrants and options by noncontrolling interests 26
Proceeds from issuance of convertible notes 3,915 7,065
Net cash from (used in) financing activities 9,697 8,140
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 6,696 3,472
CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD 1,636 2,564
CHANGES FROM EXCHANGE RATE DIFFERENCES ON CASH AND CASH EQUIVALENTS 27 30
CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 8,359 6,066
Supplemental disclosure of cash flow information:    
Taxes paid 7
Interest received 5 6
Interest paid 101 12
Supplemental disclosure of noncash investing and financing activities:    
Right of use assets obtained in exchange for lease liabilities 205 1,715
Issuance of ordinary shares upon conversion of Series A Warrants 376 371
Issuance of ordinary shares upon conversion of convertible promissory notes 3,599 3,159
Conversion of Fort Technology convertible debentures into units 1,772
Reclassification of warrants from liability to equity 232
Supplemental disclosure of the acquisition of Pure Logistics:    
Working capital other than cash 493
Property and equipment, net 205
Operating lease right-of-use assets 6,119
Intangible assets – customer relationships 1,083
Goodwill 1,090
Operating lease liabilities (5,742)
Deferred tax liability (520)
Deferred payment (475)
Total cash from investment in newly consolidated subsidiary $ 2,253