Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Consolidated Balance Sheets

v3.26.1
Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 5,528 $ 4,825
Short-term deposits 3,011 3,057
Prepaid expenses, and other current assets 900 1,095
Short-term investment 1 5
Total current assets 9,440 8,982
NON-CURRENT ASSETS:    
Operating lease right of use assets 69 111
Property, plant and equipment, net 5 27
Total non-current assets 74 138
Total assets 9,514 9,120
CURRENT LIABILITIES:    
Trade payables 1,161 618
Current maturity of operating lease liability 56 53
Deferred revenues 405 405
Other accounts payable 1,109 976
Total current liabilities 2,731 2,052
NON-CURRENT LIABILITIES:    
Long-term operating lease liability 15 51
Deferred revenues 1,176 1,581
Total non-current liabilities 1,191 1,632
CONTINGENT LIABILITIES AND COMMITMENTS
SHAREHOLDERS’ EQUITY:    
Ordinary shares of no par value - Authorized: 14,000,000 and 3,333,334 shares at December 31, 2025 and 2024, respectively; Issued and outstanding: 2,618,425 and 994,394 shares as of December 31, 2025 and 2024, respectively [1]
Additional paid-in capital 180,654 170,670
Accumulated other comprehensive income 1,127 1,127
Accumulated deficit (176,189) (166,361)
Total shareholders’ equity 5,592 5,436
Total liabilities and shareholders’ equity $ 9,514 $ 9,120
[1] Retroactively adjusted to give effect to the reverse share split, see also note 9.