XML 17 R6.htm IDEA: XBRL DOCUMENT v3.25.3
Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended 9 Months Ended
Sep. 30, 2025
Sep. 30, 2024
Sep. 30, 2025
Sep. 30, 2024
Mar. 24, 2025
Cash flows from Operating Activities          
Net loss $ 3,953 $ 695 $ 20,215 $ 10,069  
Adjustments to reconcile net income to net cash provided by operating activities:          
Depreciation and amortization 791 727 2,291 2,282  
Share-based compensation 61 78 90  
Deferred taxes (354) (70) (534) (229)  
Accrued interest, net 15 (30) (2) 4  
Interest income (40) (63) (119)  
Amortization of loan discounts 29 38 44  
Change in the fair value of financial assets at fair value through profit or loss (see note 8) (375) 10,121 (375)  
Amortization of deferred debt issuance costs (see notes 7.E. 7.F, 7.G) 494 30 628 36  
Impairment of intangible assets and goodwill (see note 5) 2,375 5,525 4,739  
Equity based debt issuance costs (see note 7.E) 26  
Loss from substantial debt terms modification (see note 7.D) 2,515  
Loss on sale and disposal of property and equipment 72  
Loss from termination of lease agreement 8  
Changes in assets and liabilities items:          
Decrease (increase) in accounts receivable (278) (18) 505 5,268  
Decrease in other current assets 34 20 238 79  
Increase (decrease) in accounts payable (795) 1,173 (1,187) (2,346)  
Decrease (increase) in other payables (44) (278) 26 (35)  
Net cash provided by (used in) operating activities (1,715) 534 (2,551) 1,990  
Cash flows from Investing Activities          
Net cash from acquisition of a subsidiary (see appendix A) 12  
Net cash provided by investing activities 12  
Cash flows from Financing Activities          
Receipt of short-term convertible loans 280 630 630  
Receipt of short-term bank loans 4,048 3,235 8,495 4,985  
Receipt of long-term bank loan 1,562 1,562  
Repayment of short-term bank loans (5,877) (3,006) (9,140) (7,717)  
Repayment of long-term bank loans (2,233) (190) (3,560) (510)  
Increase in loan to parent company (see note 3) (18) (4) (52)  
Proceeds from issuance of shares and warrants in connection with 2024 Private Placement (see notes 10.B) 20 257  
Issuance costs in connection with 2024 Private Placement (see note 10.B)   (59)   (59)  
Proceeds from issuance of shares and warrants in connection with July 2025 Private Placement, net of issuance costs (see notes 10.C) 4,023 4,023  
Proceeds from exercise of warrants 402 2,222  
Net cash provided by (used in) financing activities 1,925 262 4,228 (2,466)  
Increase (decrease) in cash and cash equivalents and restricted cash 210 796 1,689 (476)  
Cash and cash equivalents and restricted cash at beginning of period 2,161 651 682 1,923  
Cash and cash equivalents and restricted cash at end of period 2,371 1,447 2,371 1,447  
Cash paid during the period          
Taxes paid 2 34 7 114  
Interest paid 92 173 357 562  
 Total Cash paid during the period 94 207 364 676  
Substantial non-cash activities:          
Deemed extinguishment and re-issuance of debt (see note 7.D) 500  
Termination of operating lease agreement (see note 4) 389  
Redeem of loan to parent company 4,048  
Conversion of loans into shares and warrants 922  
Other current assets         $ 18
Property and equipment         106
Goodwill $ 6,208   $ 6,208   5,125
Technology, net of deferred taxes         585
Customer Relations, net of deferred taxes         323
Earn-out liability         (1,010)
Consideration paid in Company’s shares         (5,159)
Balance as of March 24, 2025         $ (12)