Quarterly report [Sections 13 or 15(d)]

Condensed Consolidated Balance Sheets (Unaudited)

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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Mar. 31, 2026
Dec. 31, 2025
CURRENT ASSETS:    
Cash and cash equivalents $ 7,546 $ 4,057
Restricted cash and bank deposits 77 381
Trade receivables, net of allowance for credit losses of $166 as of March 31, 2026, and $ 168 as of December 31, 2025 930 1,058
Inventories 2,292 2,461
Prepaid expenses and other current assets 605 634
TOTAL CURRENT ASSETS 11,450 8,591
NON-CURRENT ASSETS:    
Property and equipment, net 71 26
Prepaid expenses and other 467 459
Restricted bank deposits 30 30
Funds in respect of employee rights upon retirement 239 264
Operating lease right-of-use assets 489 69
Long-term deposits 86 91
TOTAL NON-CURRENT ASSETS 1,382 939
TOTAL ASSETS 12,832 9,530
CURRENT LIABILITIES:    
Credit line 52 479
Short-term loan 350
Trade payables 487 817
Deferred revenues 186 223
Employee and employee-related obligations 661 624
Accrued royalties 650 612
Current maturities of operating lease liabilities 279 14
Other current liabilities 298 373
TOTAL CURRENT LIABILITIES 2,613 3,492
NON-CURRENT LIABILITIES:    
Long-term loan 150 150
Deferred revenues 16 20
Operating lease liabilities 206 23
Liability for employee rights upon retirement 266 292
Liability for commitment fee under ELOC agreement 625  
Pre-funded Warrants Liability 626 750
Other long-term liabilities 15 6
TOTAL NON-CURRENT LIABILITIES 1,904 1,241
TOTAL LIABILITIES 4,517 4,733
COMMITMENTS AND CONTINGENCIES (Note 5)
SHAREHOLDERS’ EQUITY:    
Common stock value 1 1
Additional paid-in capital 63,093 57,119
Accumulated deficit (54,779) (52,323)
TOTAL SHAREHOLDERS’ EQUITY 8,315 4,797
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY 12,832 9,530
Non-voting Common Stock    
SHAREHOLDERS’ EQUITY:    
Common stock value
TOTAL SHAREHOLDERS’ EQUITY