v3.26.1
Supplementary Financial Statement Information (Tables)
 6 Months Ended
Jun. 30, 2026
Supplementary Financial Statement Information [Abstract]  
Schedule of Prepaid Expenses and Other Receivables PREPAID EXPENSES AND OTHER RECEIVABLES (U.S. dollars in thousands):

 

    June 30,     December 31,  
    2026     2025  
Institutional receivables   $ 290     $ 283  
Prepaid expenses     233       119  
Others     84       34  
    $ 607     $ 436  
Schedule of Other Payables OTHER PAYABLES (U.S. dollars in thousands):

 

    June 30,     December 31,  
    2026     2025  
Employees and employee institutions     643       580  
Expenses payable     345       712  
Royalties payable     554       574  
Advances from Baran     838       474  
Other liabilities     29       18  
      2,409       2,358  
Schedule of Cost of Expenses COST OF REVENUES (U.S. dollars in thousands):

 

    Six months ended
June 30,		  
    2026     2025  
Consultants and subcontractors - thermal energy storage  unit costs     -       426  
Write down of work-in-progress inventory to net realizable value     473       636  
      473       1,062  
Operating costs not attributed to projects (mainly salary and related expenses)*     874       793  
      1,347       1,855  

 

* Plant cost and expenses not operating in full capacity.

 

RESEARCH AND DEVELOPMENT (U.S. dollars in thousands):

 

    Six months ended
June 30,		  
    2026     2025  
Salary and related expenses     1,220       1,514  
Consultants and subcontractors     70       131  
Expenditure on materials     18       269  
Office maintenance     116       200  
Depreciation and other     4       297  
      1,428       2,411  
SELLING AND MARKETING (U.S. dollars in thousands):

 

    Six months ended
June 30,		  
    2026     2025  
Salary and related expenses     653       500  
Office maintenance     17       18  
Project Promotion     39       43  
Consultants     -       10  
Other     56       53  
      765       624  
GENERAL AND ADMINISTRATIVE (U.S. dollars in thousands):

 

    Six months ended
June 30,		  
    2026     2025  
             
Salary and related expenses     1,669       1,156  
Office maintenance     76       117  
Consultants and insurance     654       720  
Depreciation and other     30       82  
      2,429       2,075  
Schedule Other Financial Income (Expenses), Net OTHER FINANCIAL INCOME (EXPENSES), NET (U.S. dollars in thousands):

 

    Six months ended
June 30,		  
    2026     2025  
Interest income     58       27  
Fair value adjustments of warrants     -       6  
Exchange rate differences, Net     104       (644 )
Bank fees     (6 )     (6 )
      156       (617 )
Schedule of Basic and Diluted Loss Per Share

Basic and diluted loss per share is computed as follows:

 

    Six months ended
June 30,		  
Numerator ($ in thousands):   2026     *2025  
Net loss for the period, as reported     (6,089 )     (7,454 )
8% dividend on preferred shares     (149 )     -  
Deemed dividend for down-round adjustments:                
- Preferred shares     (6,736 )     -  
- Warrants     (1,840 )     -  
Numerator for basic and diluted net loss per Ordinary Share - net loss attributable to shareholders     (14,814 )     (7,454 )
Denominator (Ordinary Shares in thousands)*                
Weighted average number of shares outstanding during the period     117,661       9,359  
Denominator for basic and diluted loss per share – weighted number of Ordinary Shares     117,661       9,359  
                 
Basic and dilutive loss per Ordinary Share (in dollars)     (125.90 )     (796.45 )

 

* Post reverse splits of shares – see Note 5A.