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Financial Instruments and Financial Risk Management (Tables) | 12 Months Ended
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Dec. 31, 2024
Financial Instruments and Financial Risk Management [Abstract] |
Schedule of Analyzes Non-Derivative Financial Liabilities | The table below categorizes non-derivative financial liabilities into relevant maturity groupings based on the remaining period at financial position date to the contractual maturity date.
|  | Less than one year |  |  | Between one to two years |  |  | More than two years |
|  | U.S. dollars in thousands |
December 31, 2024: |  |  |  |  |  |  |  |  |
Lease liabilities |  |  | 359 |  |  |  | 261 |  |  |  | - |
Long-term loans |  |  | 938 |  |  |  | 32 |  |  |  | - |
Accounts payable and accruals |  |  | 4,735 |  |  |  | - |  |  |  | - |
|  |  | 6,032 |  |  |  | 293 |  |  |  | - |
December 31, 2023: |  |  |  |  |  |  |  |  |  |  |  |
Lease liabilities |  |  | 370 |  |  |  | 303 |  |  |  | 220 |
Long-term loans |  |  | 290 |  |  |  | 782 |  |  |  | 20 |
Accounts payable and accruals |  |  | 2,808 |  |  |  | - |  |  |  | - |
|  |  | 3,468 |  |  |  | 1,085 |  |  |  | 240 |
Schedule of Financial Instruments | The following tables present the Company’s financial instruments measured at fair value by levels as of December 31, 2024 and 2023:
|  | Level 1 |  |  | Level 2 |  |  | Level 3 |  |  | Total |
|  | U.S. dollars in thousands |
As of December 31, 2024 |  |  |  |  |  |  |  |  |  |  |  |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |
Debt investments at fair value through profit or loss |  |  |  |  |  |  |  |  |  |  |  |
Mutual Fund |  |  | 555 |  |  |  | - |  |  |  | - |  |  |  | 555 |
Unlisted equity securities |  |  | - |  |  |  | - |  |  |  | 82 |  |  |  | 82 |
Debt investments at fair value through OCI |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
U.S. corporate bonds |  |  | - |  |  |  | 3,534 |  |  |  | - |  |  |  | 3,534 |
Israel corporate bonds |  |  | - |  |  |  | 1,378 |  |  |  | - |  |  |  | 1,378 |
U.K. corporate bonds |  |  | - |  |  |  | 907 |  |  |  | - |  |  |  | 907 |
Other corporate bonds |  |  | - |  |  |  | 3,137 |  |  |  | - |  |  |  | 3,137 |
Israel government bonds |  |  | - |  |  |  | 300 |  |  |  | - |  |  |  | 300 |
Total financial assets |  |  | 555 |  |  |  | 9,256 |  |  |  | 82 |  |  |  | 9,893 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  |  | - |  |  |  | - |  |  |  | 148 |  |  |  | 148 |
Total financial liabilities |  |  | - |  |  |  | - |  |  |  | 148 |  |  |  | 148 |
As of December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Financial assets |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Unlisted equity securities |  |  | - |  |  |  | - |  |  |  | 82 |  |  |  | 82 |
Total financial assets |  |  | - |  |  |  | - |  |  |  | 82 |  |  |  | 82 |
Financial liabilities |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Derivative financial instruments |  |  | - |  |  |  | - |  |  |  | 109 |  |  |  | 109 |
Total financial liabilities |  |  | - |  |  |  | - |  |  |  | 109 |  |  |  | 109 |
Schedule of Changes in Level 3 Financial Liabilities | The following table presents the changes in level 3 financial liabilities for each of the three years in the period ended December 31, 2024:
|  | Derivative financial instruments |  |  | Total |
|  | U.S. dollars in thousands |
Balance as of January 1, 2024 |  |  | 109 |  |  |  | 109 |
Changes within profit or loss |  |  | 39 |  |  |  | 39 |
Balance as of December 31, 2024 |  |  | 148 |  |  |  | 148 |
Balance as of January 1, 2023 |  |  | 26 |  |  |  | 26 |
Initial recognition |  |  | 1,197 |  |  |  | 1,197 |
Classification to equity |  |  | (1,116 | ) |  |  | (1,116 | )
Changes within profit or loss |  |  | 2 |  |  |  | 2 |
Balance as of December 31, 2023 |  |  | 109 |  |  |  | 109 |
Balance as of January 1, 2022 |  |  | 488 |  |  |  | 488 |
Changes within profit or loss |  |  | (462 | ) |  |  | (462 | )
Balance as of December 31, 2022 |  |  | 26 |  |  |  | 26 |
Schedule of Fair Value of Derivative Financial Instruments | The Company used the Black-Scholes model to evaluate the fair value of derivative financial instruments related to several warrants previously granted to investors as of December 31, 2024 and 2023, using the following principal assumptions:
|  | Year ended December 31
|  | 2024 |  | 2023
Risk-free interest rate |  | 4.13%-4.25% |  | 4.01%-4.92%
Expected term (in years) |  | 0.48–1.99 |  | 0.86–2.99
Expected volatility |  | 110.83%–116.14% |  | 81.07%–94.33%
The Company also used the binomial model to evaluate the fair value of derivative financial instruments related to warrants previously granted to investors as of December 31, 2023, using the following principal assumptions:
|  | Year ended December 31
|  | 2023
Risk-free interest rate |  | 5.32%
Expected term (in years) |  | 0.43
Expected volatility |  | 91%
Schedule of Financial Assets | Financial assets
|  | Financial assets at fair value through profit or loss |  |  | Financial assets at fair value through OCI |  |  | Financial assets at amortized cost |  |  | Total |
|  | U.S. dollars in thousands |
December 31, 2024 |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | - |  |  |  | - |  |  |  | 15,081 |  |  |  | 15,081 |
Accounts receivable (excluding prepaid expenses) |  |  | - |  |  |  | - |  |  |  | 3,446 |  |  |  | 3,446 |
Long-term deposits and restricted deposits |  |  | - |  |  |  | - |  |  |  | 124 |  |  |  | 124 |
Debt investments at fair value through profit or loss |  |  | 555 |  |  |  | - |  |  |  | - |  |  |  | 555 |
Unlisted equity securities |  |  | 82 |  |  |  | - |  |  |  | - |  |  |  | 82 |
Debt investments at fair value through OCI |  |  | - |  |  |  | 9,256 |  |  |  | - |  |  |  | 9,256 |
|  |  | 637 |  |  |  | 9,256 |  |  |  | 18,651 |  |  |  | 28,544 |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | - |  |  |  | - |  |  |  | 10,872 |  |  |  | 10,872 |
Accounts receivable (excluding prepaid expenses) |  |  | - |  |  |  | - |  |  |  | 2,194 |  |  |  | 2,194 |
Long-term deposits and restricted deposits |  |  | - |  |  |  | - |  |  |  | 107 |  |  |  | 107 |
Unlisted equity securities |  |  | 82 |  |  |  | - |  |  |  | - |  |  |  | 82 |
|  |  | 82 |  |  |  | - |  |  |  | 13,173 |  |  |  | 13,255 |
Schedule of Financial Liabilities | Financial liabilities
|  | Financial liabilities at fair value through profit or loss |  |  | Financial liabilities at amortized cost |  |  | Total |
|  | U.S. dollars in thousands |
December 31, 2024 |  |  |  |  |  |  |  |  |
Lease liabilities |  |  | - |  |  |  | 620 |  |  |  | 620 |
Accounts payable and accruals |  |  | - |  |  |  | 4,735 |  |  |  | 4,735 |
Long-term loans |  |  | - |  |  |  | 970 |  |  |  | 970 |
Derivative financial instruments |  |  | 148 |  |  |  | - |  |  |  | 148 |
|  |  | 148 |  |  |  | 6,325 |  |  |  | 6,473 |
December 31, 2023 |  |  |  |  |  |  |  |  |  |  |  |
Lease liabilities |  |  | - |  |  |  | 893 |  |  |  | 893 |
Accounts payable and accruals |  |  | - |  |  |  | 2,808 |  |  |  | 2,808 |
Long-term loans |  |  | - |  |  |  | 1,092 |  |  |  | 1,092 |
Derivative financial instruments |  |  | 109 |  |  |  | - |  |  |  | 109 |
|  |  | 109 |  |  |  | 4,793 |  |  |  | 4,902 |

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