FINANCIAL INSTRUMENTS |
6 Months Ended | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
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Jun. 30, 2026 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| Disclosure of detailed information about financial instruments [abstract] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
| FINANCIAL INSTRUMENTS |
NOTE 6: - FINANCIAL INSTRUMENTS
The carrying amounts of cash and cash equivalents, short-term bank deposits, trade receivables, other receivables, long term deposits, trade payables and other payables approximate their fair values due to the short-term maturities of such instruments.
The fair value of the liabilities in respect of government grants is measured using a discount rate that reflects the applicable market rate of interest at the date the grants are received, which approximates the fair value at the respective balance sheet date.
The fair value of lease liability is measured using a discount rate that reflects the Incremental Borrowing Rate (IBR) of interest at the date of the contract.
The fair value measurement of the warrants liability described in Note 1(c) is classified within Level 3 of the fair value hierarchy. The warrants liability was initially measured at fair value as of the transaction date and is subsequently remeasured at each reporting date using the Black-Scholes option pricing model. The following assumptions were used in measuring the fair value of the warrants during the period from the issuance date through June 30, 2026:
Dividend yield (%) - 0%
Expected volatility of the share prices (%) – 83.34 – 95.16
Risk-free interest rate (%) – 3.43 – 4.18
The following table provides a reconciliation of warrants and prefunded warrants liabilities measured at fair value:
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