v3.26.1
Unaudited Condensed Consolidated Interim Statements of Operations - USD ($)
$ in Thousands
3 Months Ended 6 Months Ended 12 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2024
Jun. 30, 2026
Jun. 30, 2025
Dec. 31, 2025
Sep. 30, 2024
Income Statement [Abstract]              
Revenues $ 3,996   $ 7,649    
Cost of revenues (2,983)   (6,265)    
Gross profit 1,013   1,384    
Operating expenses              
Research and development expenses (348)   (622)    
Selling and marketing expenses (184)   (341)    
General and administrative expenses (3,593) (1,048) $ (4,525) (7,121) (2,555) $ (28,082) $ (6,714)
General and administrative expenses of consolidated variable interest entities (266) (489) (174)
Impairment loss         (4,344) (391)
Total operating expenses (4,391) (1,048) (4,525) (8,573) (2,555) (32,600) (7,105)
Loss from operations (3,378) (1,048) (4,525) (7,189) (2,555) (32,600) (7,105)
Other income (expenses)              
Interest expense (825) (207)   (3,414) (372)    
Interest income of consolidated variable interest entities 1,321 3,110 279
Interest on related parties promissory note (17)   (354) (51)    
Loss on marketable securities (3,705)   (3,705)    
Penalty – late registration (800) (800) (1,100)
Change in fair value - convertible note 20   5,392 588    
Change in fair value - stock purchase warrant liabilities (81,006) 5,128 (140,585) (107,641) 109,406 131,766
Other income 1,710 161 18 1,710 161
Financial expense, net     (439)     (154) (387)
Loss on settlement of vendor obligations     (278)     (289)
Gain on settlement of vendor obligations         211
Loss on shares issued as commitment for ELOC agreement         (1,250)
Gain on settlement of due to affiliates         192
Loss on debt extinguishment         (7,484)
Change in fair value - convertible note embedded derivative     (625)     588
Day one loss of stock purchase warrants issued in connection with conversion of convertible notes     (663)      
Day one loss on private placement     (13,533)     (13,435)
Total other income (expense), net (82,505) 4,285 (156,105) (104,902) 108,932 109,210 (273)
Net income (loss) before income taxes (85,883) 3,237 (160,630) (112,091) 106,377 76,610 (7,378)
Income taxes 190 152 (9)
Net income (loss) from continuing operation (85,693) 3,237 (160,630) (111,939) 106,377 76,601 (7,378)
Gain (loss) from discontinued operations 4,263 (218) 158 4,159 (400) (2,030) 1,141
Net gain (loss) from discontinued operations (Note 3)     (158)     2,030 (1,141)
Net income (loss) for the period (81,430) 3,019 (160,788) (107,780) 105,977 78,631 (8,519)
Net income attributable to non-controlling interests 1,058 1,854 82
Net income (loss) attributable to the Company’s stockholders $ (82,488) $ 3,019 $ (160,788) $ (109,634) $ 105,977 $ 78,549 $ (8,519)
Earnings (loss) per share from continuing operations (basic) (in Dollars per share) $ (182.8) [1] $ 77.5 [1] $ (51.91) $ (328.4) [1] $ 2,550 [1] $ 8.21 $ (4.27)
Earnings (loss) per share from discontinued operations (basic) (in Dollars per share) 9 [1] (5) [1] (0.05) 12.1 [1] (9.61) [1] 0.24 (0.66)
Total loss per share (basic) (in Dollars per share) $ (173.8) [1] $ 72.5 [1] $ (51.96) $ (316.3) [1] $ 2,540.39 [1] $ 8.45 $ (4.93)
Weighted average number of shares of Common Stock outstanding - basic (in Shares) 480,024 41,975 3,094,253 353,309 41,721 8,364,332 1,728,144
Earnings (loss) per share from continuing operations (diluted) (in Dollars per share) $ (182.8) [1] $ 72.5 [1] $ (51.91) $ (328.4) [1] $ 2,378 [1] $ 7.74 $ (4.27)
Loss per share from discontinued operations (diluted) (in Dollars per share) 9 [1] (5) [1] (0.05) 12.1 [1] (8.75) [1] 0.22 (0.66)
Total loss per share (diluted) (in Dollars per share) $ (173.8) [1] $ 67.5 [1] $ (51.96) $ (316.3) [1] $ 2,369 [1] $ 7.96 $ (4.93)
Weighted average number of shares of Common Stock outstanding – diluted (in Shares) 480,024 [1] 44,991 [1] 3,094,253 353,309 [1] 44,737 [1] 9,249,992 1,728,144
[1] Share amounts have been retroactively adjusted to reflect the 1-for-125 Reverse Stock Split (see Note 1).