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SEGMENTS, GEOGRAPHIC INFORMATION AND MAJOR CUSTOMER DATA | 12 Months Ended
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Dec. 31, 2024
Segment Reporting [Abstract] |
SEGMENTS, GEOGRAPHIC INFORMATION AND MAJOR CUSTOMER DATA |
NOTE 11:- | SEGMENTS, GEOGRAPHIC INFORMATION AND MAJOR CUSTOMER DATA
ASC 280, “Segment Reporting,” establishes standards for reporting information about operating segments. Operating segments are defined as components of an enterprise about which separate financial information is available that is evaluated regularly by the chief operating decision maker ("CODM") in deciding how to allocate resources and in assessing performance. The Company’s business is comprised of one operating segment. The Company's CODM is its Chief Executive Officer (“CEO”), who reviews financial information presented on a consolidated basis. The CODM uses consolidated net loss to assess financial performance and allocate resources. These financial metrics are used by the CODM to make key operating decisions, such as the allocation of budget between Research and development, Sales and Marketing, and General and Administrative expenses. Segment assets that are reviewed by the CODM is reported within the Consolidated Balance Sheet as consolidated total assets. The following table presents selected financial information with respect to the Company’s single operating segment and includes information about segment revenues and significant segment expenses, for the years ended December 31, 2024, 2023 and 2022:
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Total Revenues |  | $ | 27,864 |  |  | $ | 33,459 |  |  | $ | 7,500 |
Less: |  |  |  |  |  |  |  |  |  |  |  |
R&D expenses |  |  |  |  |  |  |  |  |  |  |  |
Preclinical |  |  | 15,374 |  |  |  | 20,948 |  |  |  | 17,477 |
Clinical |  |  | 15,267 |  |  |  | 10,627 |  |  |  | 11,357 |
SG&A |  |  | 9,485 |  |  |  | 9,320 |  |  |  | 9,690 |
Financial income, net |  |  | (5,182 | ) |  |  | (3,215 | ) |  |  | (1,738 | )
Taxes on income |  |  | 4,522 |  |  |  | 8,970 |  |  |  | 58 |
Other segment expenses* |  |  | 2,629 |  |  |  | 5,563 |  |  |  | 4,350 |
Net loss |  | $ | (14,231 | ) |  | $ | (18,754 | ) |  | $ | (33,694 | )
*Other segment expense (income) during the years ended December 31, 2024, 2023 and 2022 includes property and equipment depreciation, participation in R&D expenses, share-based compensation and other adjustments. Operations in Israel and the United States include research and development, clinical operations, general and administrative, marketing and business development. Total revenues are attributed to geographic areas based on the location of the end customer. The following represents the total revenue for the years ended December 31, 2024, 2023 and 2022 and long-lived assets as of December 31, 2024 and 2023:
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Revenue from sales to customers: |  |  |  |  |  |  |  |  |
Europe |  | $ | 5,000 |  |  | $ | 10,000 |  |  | $ | 7,500 |
United States |  |  | 22,864 |  |  |  | 23,459 |  |  |  | - |
Total revenue |  | $ | 27,864 |  |  | $ | 33,459 |  |  | $ | 7,500 |
|  | December 31,
|  | 2024 |  |  | 2023 |
Long-lived assets: |  |  |  |  |  |
Israel |  | $ | 3,677 |  |  | $ | 2,468 |
United States |  |  | 18 |  |  |  | 77 |
Total long-lived assets |  | $ | 3,695 |  |  | $ | 2,545 |
|  | Year ended December 31, |
|  | 2024 |  |  | 2023 |  |  | 2022 |
Sales to a single customer exceeding 10%: |  |  |  |  |  |  |  |  |
Customer A |  |  | 18 | % |  |  | 30 | % |  |  | 100 | %
Customer B |  |  | 82 | % |  |  | 70 | % |  |  | - |

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- Definition The entire disclosure for reporting segments including data and tables. Reportable segments include those that meet any of the following quantitative thresholds a) it's reported revenue, including sales to external customers and intersegment sales or transfers is 10 percent or more of the combined revenue, internal and external, of all operating segments b) the absolute amount of its reported profit or loss is 10 percent or more of the greater, in absolute amount of 1) the combined reported profit of all operating segments that did not report a loss or 2) the combined reported loss of all operating segments that did report a loss c) its assets are 10 percent or more of the combined assets of all operating segments. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 280 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 48 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482785/280-10-55-48 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 280 -SubTopic 10 -Name Accounting Standards 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