v3.26.1
Financial Instruments (Tables)
6 Months Ended
Jun. 30, 2026
Financial Instruments [Abstract]  
Schedule of Financial Assets and Liabilities Recurring Basis

The following table sets forth the Company’s financial assets and liabilities that are measured at fair value, on a recurring basis:

 

    As of June 30, 2026  
    Level 1     Level 2     Level 3     Total  
    USD     USD     USD     USD  
    thousands     thousands     thousands     thousands  
Financial liabilities                        
Warrant Liability (PIPE)   $             -     $            -     $          33     $             33  
Total   $ -     $ -     $ 33     $ 33  

 

    As of December 31, 2025  
    Level 1     Level 2     Level 3     Total  
    USD     USD     USD     USD  
    thousands     thousands     thousands     thousands  
Financial liabilities                        
2024 Convertible Notes   $                 -     $                 -     $ 12,869     $ 12,869  
Warrants Liability     -       -       370       370  
Total   $ -     $ -     $ 13,239     $ 13,239  
Schedule of Monte Carlo Simulation Inputs The Monte Carlo simulation included the following inputs:
    December 31,  
    2025  
Expected term     3 years  
Expected volatility     53.56 %
Risk-free interest rate     3.63 %
Expected dividend yield     -  
The Monte Carlo simulation included the following inputs:
    December 31,  
    2025  
Expected term     3 years  
Expected volatility     53.56  
Risk-free interest rate     3.63  
Expected dividend yield     -  
The Monte Carlo simulation included the following inputs:
    June 30,  
    2026  
Expected term     Until September 25, 2026  
Expected volatility     72.21 %
Share price   $ 0.39  
Schedule of Warrant Liabilities Measured Utilizing Level 3 Inputs

The change in the fair value of the warrant liabilities measured utilizing Level 3 inputs for the six months ended June 30, 2026, is summarized below.

 

Warrant liability at December 31, 2025   $ 370  
Change in fair value of warrant liability     20  
Reclassification to equity     (390 )
Warrant liability at June 30, 2026   $ -  

The change in the fair value of the PIPE Warrant liabilities measured utilizing Level 3 inputs for the six months ended June 30, 2026, is summarized below.

 

PIPE Warrant liability at March 27, 2026   $ 1,229  
Change in fair value of PIPE Warrant liability     (1,087 )
PIPE Warrant liability at March 31, 2026     142  
Change in fair value of PIPE Warrant liability     (109 )
PIPE Warrant liability at June 30, 2026   $ 33  
Schedule of Convertible Notes Liability Measured Utilizing Level 3 Inputs

The change in the fair value of the 2024 Convertible Notes liability measured utilizing Level 3 inputs for the six months ended June 30, 2026, is summarized below.

 

2024 Convertible Notes liability at December 31, 2025   $ 12,869  
Change in fair value of convertible notes liability     (193 )
Reclassification to equity     (12,676 )
2024 Convertible Notes liability at June 30, 2026   $ -