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RELATED PARTIES
 6 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
RELATED PARTIES

NOTE 9 – RELATED PARTIES

 

The following transactions arose with related parties:

 

Transactions and balances with related parties:

 

  1. Transactions with related parties

 

   For the  six-month ended 
   June 30,
2026		   June 30,
2025		 
Salary and related expenses – officers and directors(1)   900    1,043 
Share based payment – officers and directors(2)   497    1,625 

 

  (1) The amounts for the six months ended June 30, 2025 include payroll and related expenses of $118 for a four-month advance notice period, as agreed in the employment agreement of the Company’s former president and director, whose employment was terminated by the board of directors on May 25, 2025.

 

  (2) The amounts for the six months ended June 30, 2025 include share-based compensation expenses of $672 related to the acceleration of future vesting pursuant to the termination of employment by the Company, and not for cause, as provided under the equity grant agreements of the Company’s former president, founder and director, approved by the Company’s shareholder and board of directors. In November 2025, the restricted share units (“RSUs”) will be technically delivered according to the employment terms.

 

  2. Balances with related parties

 

Name  Nature of transaction  As of
June 30,
2026		   As of
December 31,
2025		 
Officers  Salaries and related(1)   (454)   (343)
Directors  Compensation for directors   (45)   (41)

 

  (1) See note 9(1.1)