v3.26.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 5,689 $ 4,909
Restricted deposits 39 36
Prepaid expenses and other receivables 607 436
Inventory 2,109 1,581
TOTAL CURRENT ASSETS 8,444 6,962
NON-CURRENT ASSETS:    
Restricted deposits 102 98
Operating lease right-of-use assets, net 616 901
Property, plant and equipment, net 4,096 4,357
Investment in joint venture 220 177
TOTAL NON-CURRENT ASSETS 5,034 5,533
TOTAL ASSETS 13,478 12,495
CURRENT LIABILITIES:    
Trade payables 101 133
Deferred revenue 882 667
Other payables 2,409 2,358
Current maturities of European Investment Bank (“EIB”) Loan 1,492 1,524
Current maturities of operating lease liabilities 470 542
TOTAL CURRENT LIABILITIES 5,354 5,224
NON-CURRENT LIABILITIES:    
European Investment Bank (“EIB”) Loan 3,322 3,395
Operating lease liabilities 208 382
TOTAL NON-CURRENT LIABILITIES 3,530 3,777
COMMITMENTS (Note 6)
TOTAL LIABILITIES 8,884 9,001
SHAREHOLDERS’ EQUITY:    
Ordinary Shares, no par value - Authorized 150,000,000; Issued and outstanding 353,223 and 23,862 as of June 30, 2026 and December 31, 2025, respectively [1] 124 124
Preferred Shares, no- par value - Authorized 25,000; Issued and outstanding 4,212 and 5,008 as of June 30, 2026 and December 31, 2025, respectively
Additional paid in capital 128,717 121,528
Foreign currency cumulative translation reserve (2,053) (2,053)
Accumulated deficit (122,194) (116,105)
TOTAL SHAREHOLDERS’ EQUITY 4,594 3,494
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 13,478 $ 12,495
[1] Post reverse split, see Note 5A.