v3.26.1
Summary of Significant Accounting Policies and Basis of Presentation (Tables)
6 Months Ended 12 Months Ended
Jun. 30, 2026
Dec. 31, 2025
Accounting Policies [Abstract]    
Schedule of Fair Value on a Recurring Basis by Level within the Fair Value Hierarchy

The Company’s financial assets that are measured at fair value on a recurring basis by level within the fair value hierarchy are as follows:

 

   As of June 30, 2026 
   Level 1   Level 2   Level 3   Total 
   US$ 
                 
Assets:                
Marketable Securities   2,175    -    -    2,175 
Investment under the fair value option   1,127              1,127 
Total assets   3,302    -    -    3,302 

 

   As of December 31, 2025 
   Level 1   Level 2   Level 3   Total 
   US$ 
                 
Assets:                
Marketable Securities   250    -    -    250 
Total assets   250    -    -    250 
   As of June 30, 2026 
   Level 1   Level 2   Level 3   Total 
   US$ 
                 
Liabilities:                
Stock purchase warrant liabilities   -    -    124,387    124,387 
Total liabilities   -    -    124,387    124,387 

 

   As of December 31, 2025 
   Level 1   Level 2   Level 3   Total 
   US$ 
                 
Liabilities:                
Private Placement Warrant   -    -    24,521    24,521 
Total liabilities   -    -    24,521    24,521 

The Company’s financial assets that are measured at fair value on a recurring basis by level within the fair value hierarchy are as follows:

 

   As of December 31, 2025 
   Level 1   Level 2   Level 3   Total 
   US$ 
Assets:                
Marketable Securities   250    -    -    250 
Total assets   250    -    -    250 
   As of December 31, 2025 
   Level 1   Level 2   Level 3   Total 
   US$ 
Liabilities:                
September 2025 Private Placement Warrant   -    -    24,521    24,521 
Total liabilities   -    -    24,521    24,521 

 

   As of December 31, 2024 
   Level 1   Level 2   Level 3   Total 
   US$ 
Liabilities:                
Embedded Derivative Liability   -    -    848    848 
June 2024 Warrants   -    -    5,334    5,334 
November 2024 Warrant   -    -    12,468    12,468 
Pre-funded Warrants   -    -    52,682    52,682 
Private Placement Warrant   -    -    94,287    94,287 
Total liabilities   -    -    165,619    165,619 
Schedule of Fair Value of the Level 3 Liabilities was Determined using Valuation Models The fair value of the Level 3 liabilities was determined using valuation models. Significant unobservable inputs include expected volatility, expected term, risk-free interest rate and discount rates.
   Private
Placement
Warrant
   February
2026
Warrants
   Derivative
liabilities
   Total 
Liabilities:                
Outstanding at December 31, 2025   24,521    -    -    24,521 
Additions   -    25,429    -    25,429 
Liabilities assumed as part of subsidiary consolidated for the first time   -    -    8,779    8,779 
Exercised   (17,758)   -    (3,153)   (20,911)
Changes in fair value   (6,763)   98,958    (5,626)   86,569 
Outstanding at June 30, 2026   -    124,387    -    124,387 

The following table presents the changes in fair value of the level 3 fair value measurements of the Company’s liabilities for the period from December 31, 2024 through December 31, 2025.

   Embedded
Derivative Liability
   June
2024 Warrants
   November 2024 Warrants   Pre-funded Warrants   Common
Stock Warrant
   Private Placement Warrant   Total 
Liabilities:                            
Outstanding at December 31, 2024   848    5,334    12,468    52,682    94,287    -    165,619 
Additions   -              -    -    23,435    23,435 
Exercised   (260)   (1,054)   (2,079)   (10,229)   (18,557)   -    (32,179)
Changes in fair value   (588)   (4,280)   (10,389)   (42,453)   (75,730)   1,086    (132,354)
Outstanding at December 31, 2025   -    -    -    -    -    24,521    24,521 

 

 

   Embedded
Derivative Liability
   June
2024 Warrants
   November 2024 Warrants   Pre-funded Warrants   Common
Stock Warrant
   Private Placement Warrant   Total 
Liabilities:                            
Outstanding at October 1, 2024   -    -    -    -    -       -    - 
Additions   223    283    664    5,085    18,153    -    24,408 
Changes in fair value   625    5,051    11,804    47,597    76,134    -    141,211 
Outstanding at December 31, 2024   848    5,334    12,468    52,682    94,287    -    165,619 
Schedule of Estimated Useful Lives  
   % 
Furniture and office equipment   7-15 
Leasehold improvements   (*) 
Computers   33 
Vehicle   15 

 

(*)Leasehold improvements are amortized on a straight-line basis over the shorter of the lease term (including the extension option held by the Group and intended to be exercised) and the expected life of the improvement.
Schedule of Intangible Assets and their Useful Lives  

Intangible assets and their useful lives are as follows:

 

   Useful Life
(in Years)
 
     
Customer relationships   11 
Developed technology   15