v3.26.3
Condensed Consolidated Interim Balance Sheets - USD ($)
Jun. 30, 2026
Dec. 31, 2025
Dec. 31, 2024
Current assets:      
Cash and cash equivalents $ 368,000 $ 4,221,000 $ 500,000
Accounts receivable, net 1,134,000 1,264,000 1,427,000
Unbilled revenue 16,000 16,000 113,000
Deferred transaction costs   1,865,000
Prepaid expenses and other current assets 469,000 753,000 219,000
Total current assets 1,987,000 6,254,000 4,124,000
Property and equipment, net 270,000 305,000 348,000
Intangible assets, net 226,000 206,000 187,000
Accounts receivable, net   4,000
Deferred tax assets 11,000 11,000 10,000
Operating lease right-of-use assets 664,000 744,000 870,000
Other assets 14,000 16,000 5,000
Total assets 3,172,000 7,536,000 5,548,000
Current liabilities:      
Accounts payable 5,173,000 5,012,000 6,537,000
Accrued expenses and other current liabilities 4,972,000 4,618,000 3,700,000
Deferred revenue   54,000
Convertible notes payable, at fair value, current   8,986,000
Convertible notes payable, current   255,000
Related party loan payable 300,000 300,000 700,000
Operating lease liability, current 89,000 85,000 74,000
Forward purchase derivative liability 8,084,000 9,692,000
Short term debt 119,000 342,000  
Total current liabilities 18,737,000 20,049,000 20,306,000
Accounts payable non-current 143,000  
Related party convertible notes payable, at fair value   6,524,000
Convertible notes payable   200,000
Warrant liability 72,000 121,000 945,000
Cumulative mandatorily redeemable common and preferred stock liability 1,050,000 1,048,000 1,000,000
Operating lease liability 667,000 751,000 878,000
Total liabilities 20,526,000 22,112,000 29,853,000
Commitments and Contingencies    
Stockholder’s deficit:      
Convertible preferred stock ($0.0001 par value, 5,000,000 shares authorized as of June 30, 2026 and December 31, 2025, respectively; Nil shares issued as of June 30, 2026 and December 31, 2025, respectively ; Nil shares outstanding as of June 30, 2026 and December 31, 2025) 7,865,000
Common stock ($0.0001 par value, 500,000,000 shares authorized as of June 30,2026 and December 31, 2025; 28,985,302 shares and 28,938,266 shares issued and outstanding as of June 30,2026 and December 31, 2025 respectively) 3,000 3,000 1,000
Additional paid in capital 32,329,000 31,311,000 4,699,000
Treasury stock, at cost (Nil and 438,903 as of December 31,2025 and December 31, 2024, respectively)   (2,903,000)
Share subscription receivable (11,005,000) (11,005,000)
Accumulated deficit (38,950,000) (35,145,000) (34,217,000)
Accumulated other comprehensive income 269,000 260,000 250,000
Total stockholders’ deficit (17,354,000) (14,576,000) (24,305,000)
Total liabilities and stockholders’ deficit $ 3,172,000 $ 7,536,000 $ 5,548,000