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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2024
Dec. 31, 2023
CURRENT ASSETS:    
Cash and cash equivalents $ 5,615 $ 4,575
Restricted cash 119 130
Trade receivables, net of allowance for credit losses of $1,262 and $904 as of December 31, 2024, and 2023, respectively 24,358 19,671
Institutions 4,227 6,926
Inventories 15,876 13,174
Other current assets 4,413 2,045
TOTAL CURRENT ASSETS 54,608 46,521
NON-CURRENT ASSETS:    
Restricted long-term bank deposit 139 127
Restricted investment in marketable securities 3,215 1,932
Operating lease right of use assets 10,515 12,377
Property and equipment, net 27,461 20,530
Other non-current assets 2,707 1,000
Intangible assets:    
Customer relationships 12,081 13,917
Technology 3,589 5,698
Goodwill 20,282 21,550
Other intangible asset 3,648 4,292
TOTAL NON-CURRENT ASSETS 83,637 81,423
TOTAL ASSETS 138,245 127,944
CURRENT LIABILITIES:    
Short-term borrowing and current maturities of bank loans 3,353 4,146
Short-term loan relating to factoring arrangements 13,184 10,032
Trade payables 18,130 13,989
Employee related obligations 8,887 8,745
Accrued expenses 5,805 6,767
Deferred revenues 883 742
Current maturities of operating lease liabilities 2,315 2,494
Current maturities of finance lease liabilities 45 240
Acquisition earn-out liability 2,997
Current maturities of long-term debt measured under the fair value option 14,286
Warrants and phantom warrants to purchase ordinary shares 206
Other current liabilities (including $890 and $0 due to related parties as of December 31, 2024, and 2023, respectively) 3,920 448
TOTAL CURRENT LIABILITIES 56,728 64,886
LONG-TERM LIABILITIES:    
Long-term debt measured under the fair value option (including $0 and $21,976 due to related parties as of December 31, 2024 and 2023, respectively) 17,777 30,841
Convertible loans (CLAs) measured under the fair value option (including $0 and $9,780 due to related parties as of December 31, 2024, and 2023, respectively) 55,940
Long-term bank loans 4,128 7,850
Warrants and phantom warrants to purchase preferred shares 21,566
Operating lease liabilities 7,528 9,112
Finance lease liabilities 43 96
Long-term Employee related obligations 1,416 1,868
Employee rights upon retirement 1,347 1,208
Other long-term liabilities 948 931
TOTAL LONG-TERM LIABILITIES 33,187 129,412
COMMITMENTS AND CONTINGENT LIABILITIES (see Note 11)
TOTAL LIABILITIES 89,915 194,298
REDEEMABLE CONVERTIBLE PREFERRED SHARES:    
Convertible preferred shares value   70,537
SHAREHOLDERS’ EQUITY (CAPITAL DEFICIENCY):    
Ordinary shares (49,200,191 and 16,987,315 shares authorized as of December 31, 2024 and 2023 respectively; 18,720,287 and 5,276,184 shares issued and outstanding as of December 31, 2024 and 2023) 865 320
Additional paid-in capital 275,390 35,134
Other comprehensive loss (2,913) (515)
Accumulated deficit (225,012) (171,830)
TOTAL SHAREHOLDERS’ EQUITY (CAPITAL DEFICIENCY): 48,330 (136,891)
TOTAL LIABILITIES, REDEEMABLE CONVERTIBLE PREFERRED SHARES AND SHAREHOLDERS’ EQUITY (CAPITAL DEFICIENCY): 138,245 127,944
Convertible Preferred Shares A    
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Convertible preferred shares value
Convertible Preferred Shares B    
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Convertible preferred shares value
Convertible Preferred Shares C    
REDEEMABLE CONVERTIBLE PREFERRED SHARES:    
Convertible preferred shares value
Convertible Preferred Shares D    
REDEEMABLE CONVERTIBLE PREFERRED SHARES:    
Convertible preferred shares value