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FINANCIAL INSTRUMENTS (Tables)

12 Months Ended

Dec. 31, 2025

FINANCIAL INSTRUMENTS [Abstract]

Short Term Investments

The following table shows the Company’s short-term investments by significant investment category as of December 31, 2025 and 2024.

	As of December 31, 2025
		Adjusted				Unrealized				Unrealized				Market
		Cost				Gains				Losses				Value
Level 1:
Money Market Funds	$	639			$	-			$	-			$	639
Total Financial Assets	$	639			$	-			$	-			$	639

	As of December 31, 2024
		Adjusted				Unrealized				Unrealized				Market
		Cost				Gains				Losses				Value
Level 1:
Money Market Funds	$	631			$	-			$	-			$	631
Total Financial Assets	$	631			$	-			$	-			$	631

Fair Value of Warrant Liabilities

The following table presents the fair value in the beginning of the period, the changes in the fair value, and the fair value at the end of the period of warrant liabilities:

Level 3:		December 31, 2025				December 31, 2024
Fair value at inceptions for December 31, 2024 or the beginning of the period for December 31, 2025	$	(10,131	)		$	(19,703	)
Warrants issued with Private Placement		(5,178	)			-
Change in fair value of warrant liabilities		3,158				9,572
Reclassification of warrant liabilities to equity		12,151				-
Fair value as of period end	$	-			$	(10,131	)

Black Scholes Option Pricing Model of Warrant Liabilities

MONTE CARLO SIMULATION MODEL - SERIES A WARRANTS

		As of
		June 30, 2025
		Reclassification Date
Expected stock price volatility		86	%
Risk-free interest rate		3.73	%
Dividends yield		0	%
Terms (years)		4.5
Strike Price	$	1.45
Stock Price	$	1.56
Fair Value Per Warrant Share	$	1.235

MONTE CARLO SIMULATION MODEL - FEBRUARY 2025 WARRANTS

		As of
		June 30, 2025
		Reclassification Date
Expected stock price volatility		89	%
Risk-free interest rate		3.77	%
Dividends yield		0	%
Terms (years)		5.15
Strike Price	$	1.80
Stock Price	$	1.56
Fair Value Per Warrant Share	$	1.132

		As of
		December 31, 2024
Expected stock price volatility		88	%
Risk-free interest rate		4.25	%
Dividends yield		0	%
Weighted average expected life of warrants (years)		3.5
Weighted average exercise price	$	1.45

X

- Definition

Tabular disclosure of financial instrument measured at fair value on recurring or nonrecurring basis. Includes, but is not limited to, instrument classified in shareholders' equity.

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Tabular disclosure of input and valuation technique used to measure fair value and change in valuation approach and technique for each separate class of asset and liability measured on recurring and nonrecurring basis.

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Tabular disclosure of liabilities, including [financial] instruments measured at fair value that are classified in stockholders' equity, if any, by class that are measured at fair value on a recurring basis. The disclosures contemplated herein include the fair value measurements at the reporting date by the level within the fair value hierarchy in which the fair value measurements in their entirety fall, segregating fair value measurements using quoted prices in active markets for identical assets (Level 1), significant other observable inputs (Level 2), and significant unobservable inputs (Level 3). Where the quoted price in an active market for the identical liability is not available, the Level 1 input is the quoted price of an identical liability when traded as an asset.

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