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Financial Instruments and Financial Risk Management (Tables)
 12 Months Ended
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