v3.26.1
RELATED PARTIES
 12 Months Ended
Dec. 31, 2025
Related Party Transactions [Abstract]  
RELATED PARTIES

NOTE 22 – RELATED PARTIES

 

A.Transactions and balances with related parties and officers:

 

   2025    2024  
   Year ended December 31  
   2025    2024  
           
General and administrative expenses:            
Directors’ compensation   428     535  
Salaries and fees to officers   973     595  
Total General and administrative expenses   1,401 (*)   1,130 (*)
             
(*) Includes share base compensation   551     349  
             
Research and development expenses:            
Salaries and fees to officers   112     -  
    112 (*)   -  
             
(*) Includes share base compensation   72     -  

 

(*)Includes share base compensation

  B. Balances with related parties and officers:

 

   As of December 31,
   2025  2024
          
Other accounts payables   146    89 

 

  C. Other information:

 

1.Mr. David Palach serves as the Company’s Chief Executive Officer pursuant to an employment agreement. As of December 31, 2025, his monthly salary is equivalent to approximately $8, subject to the terms of the agreement.

 

During the years ended December 31, 2025 and 2024, the Company recognized compensation expense in respect of Mr. Palach totaling $130 and $106, respectively, including discretionary bonuses of $18 and $30, respectively.

 

On May 12, 2025 and September 12, 2024, the Company issued to Mr. Palach 17,143 and 9,143 shares of Common Stock, respectively, and recognized share-based compensation expense of $267 and $88, respectively.

 

 

NEXENTIS TECHNOLOGIES INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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

 

NOTE 22 – RELATED PARTIES (continued)

 

2.Mr. Weiss Amitay serves as the Chairman of the Board pursuant to an employment agreement. As of December 31, 2025, his monthly salary is equivalent to approximately $9, subject to the terms of the agreement.

 

During the years ended December 31, 2025 and 2024, the Company recognized compensation expense in respect of Weiss Amitay totaling $145 and $133, respectively, including discretionary bonuses of $18 and $30, respectively.

 

On December 23, 2024 the Company issued to Mr. Weiss 10,000 shares of Common Stock, and recognized share-based compensation expense of $92.

 

3.Each member of the Board (excluding the Chairman) is entitled to a quarterly fee of $10 (plus VAT), effective January 1, 2025. On December 23, 2024 the Company issued to each member of the Board (excluding the Chairman) 1,429 shares of Common Stock, and recognized share-based compensation expense un the aggregate amount of $79.

 

4.On April 18, 2022, Save Foods Ltd. entered into a consulting agreement with Shlomo Zakai CPA, pursuant to which Ms. Lital Barda provides chief financial officer services.

 

As of December 31, 2025, the Consultant is entitled to a monthly fee reflecting a 15% increase approved in November 2024.

 

During the years ended December 31, 2025 and 2024, the Company recognized compensation expense for Ms. Barda totaling $120 and $92, respectively, including discretionary bonuses of $15 for 2024.