v3.26.1
Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
Cash flows – operating activities    
Net loss for the period $ (14,209) $ (5,760)
Adjustments:    
Depreciation 29 29
Interest expense 124 18
Payment of previously accrued interest (126)
Share based payments 4,431 2,255
Share based payments for advisory services 1,009
Shares issued to advisors 2,100
Exchange rate differences 50 11
Revaluation of financial liabilities accounted at fair value (1,369) (1,671)
Changes in operating assets and liabilities:    
Increase in other assets (351) (37)
Increase in accounts receivable (299) (169)
Increase in trade accounts payable 829 679
Change in ROU asset and lease liability 5 31
Increase in deferred revenues 1,204 670
Increase in employees and related 1,639 275
Decrease in other current liabilities (61) (164)
Net cash used in operating activities (4,995) (3,833)
Cash flows – investing activity    
Purchase of property and equipment (28) (29)
Net cash used in investing activity (28) (29)
Cash flows – financing activities    
Receipt of loans 2,655 1,613
Repayment of loans (6,430) (915)
Exercise of options 3 2
Cash received from Merger Agreement upon the effectiveness of the Business Combination 1,336
Proceeds from PIPE, net of transaction costs 8,000
Issuance of preferred shares, net 2,431
Net cash provided by financing activities 5,564 3,131
Increase (decrease) in cash, cash equivalents and restricted cash 541 (731)
Exchange rate differences on cash and cash equivalents and restricted cash (39) (11)
Cash, cash equivalents and restricted cash at the beginning of period 316 946
Cash, cash equivalents and restricted cash at the end of the period 818 204
Supplemental Disclosures of cash flow information:    
Interest paid 249 57
Supplemental disclosure of non-cash activity:    
Conversion of redeemable preferred shares 15,268
Conversion of convertible notes 12,676
Conversion of warrant liability to equity 390
Share issued to advisors 2,112
Right of use asset recognized with corresponding lease liability 296
Purchase of property and equipment 20
Conversion of SAFE 1,057
Cash, cash equivalent and restricted cash at the end of the period:    
Cash and cash equivalents 794 183
Restricted cash $ 24 $ 21