v3.25.2
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2025
Dec. 31, 2024
Accounting Policies [Abstract]    
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT DEPRECIATION RATES  

 

   % 
     
Furniture and office equipment   7-15 
Machines   10-15 
Computers   33 
Vehicle   15 
SCHEDULE OF FAIR VALUE ASSETS ON RECURRING BASIS

The Company’s financial assets that are measured at fair value on a recurring basis by level within the fair value hierarchy are as follows:

 

 

   Level 1   Level 2   Level 3   Total 
   As of June 30, 2025 
   Level 1   Level 2   Level 3   Total 
   US$ 
                 
Assets:                    
Investment in Plantify   -    -    -    - 
Investment in Solterra   271    -    -    271 
Solar photovoltaic joint venture project   -    -    1,634    1,634 

Loan granted to MitoCareX

   -    -    704    704 
Convertible loan to Solterra   -    -    451    451 
Total assets   271    -    2,789    3,060 

 

   Level 1   Level 2   Level 3   Total 
   As of December 31, 2024 
   Level 1   Level 2   Level 3   Total 
   US$ 
                 
Assets:                
Investment in Plantify   603    -    -    603 
Investment in Solterra   307    -    -    307 
Solar photovoltaic joint venture project   -    -    808    808 
Loan granted to MitoCareX   -    -    234    234 
Convertible loan to Solterra   -    -    350    350 
Total assets   910    -    1,392    2,302 
 

The Company’s financial liabilities that are measured at fair value on a recurring basis by level within the fair value hierarchy are as follows:

 

   Level 1   Level 2   Level 3   Total 
   As of June 30, 2025 
   Level 1   Level 2   Level 3   Total 
   US$ 
                 
Liabilities:                    
Stock purchase warrants liability   -    -    429    429 
warrant liabilities to Pure Capital   -    -    406    406 
Credit facility   -    -    699    699 
Total liabilities   -    -    1,534    1,534 

 

   Level 1   Level 2   Level 3   Total 
   As of December 31, 2024 
   Level 1   Level 2   Level 3   Total 
   US$ 
                 
Liabilities:                    
warrant liabilities to Pure Capital   -    -    312    312 
Total liabilities   -    -    312    312 

 

The Company’s financial assets that are measured at fair value on a recurring basis by level within the fair value hierarchy are as follows:

 

   Level 1   Level 2   Level 3   Total 
   As of December 31, 2024 
   Level 1   Level 2   Level 3   Total 
   US$ 
                 
Assets:                    
Investment in Plantify   603    -    -    603 
Investment in Solterra   307    -    -    307 
Solar photovoltaic joint venture project   -    -    808    808 
Loan granted to MitoCareX   -    -    234    234 
Convertible loan to Solterra   -    -    350    350 
Total assets   910    -    1,392    2,302 

 

   Level 1   Level 2   Level 3   Total 
   As of December 31, 2023 
   Level 1   Level 2   Level 3   Total 
   US$ 
                 
Assets:                    
Investment in Plantify   641    -    -    641 
Convertible loan to Plantify   -    -    1,014    1,014 
Total assets   641    -    1,014    1,655 
SCHEDULE OF CHANGES IN FAIR VALUE OF ASSETS  

The following table presents the changes in fair value of the Level 1 assets for the period December 31, 2023 through December 31, 2024:

 

   Changes in Fair value 
   US$ 
Assets:     
Outstanding at December 31, 2023   641 
Fair value of shares issued under settlement agreement   1,822 
Investment in Solterra   219 
Gain on marketable securities (Solterra)   88 
Changes in fair value   (1,860)
Outstanding at December 31, 2024   910 

 

 

N2OFF, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

(USD in thousands, except share and per share data)

 

NOTE 2– SIGNIFICANT ACCOUNTING POLICIES (continued)

 

The following table presents the changes in fair value of the Level 3 assets for the period December 31, 2023 through December 31, 2024:

 

   Changes in Fair value 
   US$ 
Assets:     
Outstanding at December 31, 2023   1,014 
Credit facility to Plantify   250 
Loan granted to Solterra   406 
Loan granted to Solar project   764 
Loan granted to MitoCareX   250 
Share issued under settlement agreement in exchange for investment   (1,822)
Changes in fair value   

530

 
Outstanding at December 31, 2024   1,392 
SCHEDULE OF FAIR VALUE OF THE LEVELS 3 ASSETS

The following table presents the changes in fair value of the level 3 assets for the period from December 31, 2024 through June 30, 2025:

 

  

   Solar
photovoltaic
joint venture
project		   Loan
granted to
MitoCareX		   Convertible loan to
Solterra		   Investment in Plantify     Total 
   US$ 
Assets:                        
Outstanding at December 31, 2024   808    234    350     -      1,392 
Additions during the period   608    500    -     -      1,108 
Transfers into Level 3   -    -    -     782      782 
Changes in fair value   218    (30)   101     (782 )    (493)
Outstanding at June 30, 2025   1,634    704    451     -      2,789 
The following table presents the changes in fair value of the level 3 liabilities for the period from December 31, 2024 through June 30, 2025:

 

                 
   Stock purchase warrants liability   warrant liabilities to Pure Capital   Credit facility   Total 
   US$ 
Liabilities:                    
Outstanding at December 31, 2024   -    312    -    312 
Additions during the period   1,500    -    1,105    2,605 
Settlements of liabilities   (2,703)   -    (439)   (3,143)
Changes in fair value   1,632    94    33    1,760 
Outstanding at June 30, 2025   429    406    699    1,534