XML 57 R41.htm IDEA: XBRL DOCUMENT
v3.25.4

Income Taxes (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Income Taxes [Abstract] |
Schedule of Theoretical Income Tax and Effective Income Tax | The following table presents the reconciliation between the Company’s theoretical income tax and effective income tax for the year ended December 31, 2025 after the adoption of ASU 2023-09:
|  | 2025 |  |  | 2024 |
|  | $ |  |  | % |  |  | $ |  |  | % |
U.S. federal Statutory tax rate |  |  | (7,600 | ) |  |  | (21 | ) |  |  | (3,720 | ) |  |  | (21 | )
Foreign tax effects: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Israel |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Statutory tax rate difference |  |  | (481 | ) |  |  | (1.33 | ) |  |  | (428 | ) |  |  | (2.42 | )
Change in valuation allowance |  |  | 5,336 |  |  |  | 14.74 |  |  |  | 4,190 |  |  |  | 23.65 |
Stock-based compensation |  |  | 428 |  |  |  | 1.18 |  |  |  | 329 |  |  |  | 1.86 |
Other nondeductible items |  |  | (18 | ) |  |  | (0.05 | ) |  |  | (18 | ) |  |  | (0.1 | )
Nontaxable or Nondeductible items: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Stock-based compensation |  |  | - |  |  |  | - |  |  |  | 154 |  |  |  | 0.87 |
Gain from early lease termination |  |  | (819 | ) |  |  | (2.26 | ) |  |  | - |  |  |  | - |
Change in valuation allowance |  |  | 3,440 |  |  |  | 9.5 |  |  |  | (924 | ) |  |  | (5.22 | )
Other adjustments |  |  | (279 | ) |  |  | (0.76 | ) |  |  | 430 |  |  |  | 2.43 |
Total Effective Tax Rate |  |  | 7 |  |  |  | 0.02 |  |  |  | 13 |  |  |  | 0.07 |
Schedule of Loss Before Taxes on Income | Loss before taxes on income, consists of the following:
|  | Year ended December 31, |
|  | 2025 |  |  | 2024 |
Domestic - United States |  |  | 12,145 |  |  |  | (3,511 | )
Foreign - Israel |  |  | 24,047 |  |  |  | 21,225 |
|  |  | 36,192 |  |  |  | 17,714 |
Schedule of Net Deferred Tax Assets | Net deferred tax assets as of December 31, 2025 and 2024 consisted of the following:
|  | As of December 31, |
|  | 2025 |  |  | 2024 |
Deferred tax assets: |  |  |  |  |  |
Net operating loss carryforwards |  |  | 51,579 |  |  |  | 42,454 |
Research and development expenses, net |  |  | 8,737 |  |  |  | 10,898 |
Lease liability |  |  | - |  |  |  | 785 |
Research and development tax credits (*) |  |  | 601 |  |  |  | 601 |
Fixed assets |  |  | 310 |  |  |  | - |
IPR&D - Intangible Asset |  |  | 2,192 |  |  |  | - |
Other |  |  | 1,038 |  |  |  | 838 |
Total deferred tax assets |  |  | 64,457 |  |  |  | 55,576 |
Deferred tax liabilities: |  |  |  |  |  |  |  |
Right of use assets |  |  | - |  |  |  | (847 | )
IPR&D - Intangible Asset |  |  | - |  |  |  | (127 | )
Private Placement Warrants |  |  | (6,840 | ) |  |  | (5,571 | )
Fixed assets |  |  | - |  |  |  | (190 | )
Total deferred tax liabilities |  |  | (6,840 | ) |  |  | (6,735 | )
Valuation allowance |  |  | (57,617 | ) |  |  | (48,841 | )
Net deferred tax assets |  |  | - |  |  |  | - |
| (*) | Research and development tax credits will begin to expire in 2038.

X
- References No definition available. + Details
Name: | us-gaap_IncomeTaxDisclosureAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-2 + Details
Name: | us-gaap_ScheduleOfDeferredTaxAssetsAndLiabilitiesTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations. + References Reference 1: http://www.xbrl.org/2003/role/exampleRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 55 -Paragraph 231 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482663/740-10-55-231 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12A -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12A Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 740 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 12 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482685/740-10-50-12 + Details
Name: | us-gaap_ScheduleOfEffectiveIncomeTaxRateReconciliationTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of information concerning material long-lived assets (excluding financial instruments, customer relationships with financial institutions, mortgage and other servicing rights, deferred policy acquisition costs, and deferred taxes assets) located in identified geographic areas and/or the amount of revenue from external customers attributed to that country from which revenue is material. An entity may also provide subtotals of geographic information about groups of countries. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 220 -SubTopic 10 -Name Accounting Standards Codification -Section S99 -Paragraph 2 -Subparagraph (SX 210.5-03(1)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483621/220-10-S99-2 Reference 2: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 280 -SubTopic 10 -Section 50 -Paragraph 41 -Publisher FASB -URI https://asc.fasb.org/1943274/2147482810/280-10-50-41 + Details
Name: | us-gaap_ScheduleOfRevenuesFromExternalCustomersAndLongLivedAssetsByGeographicalAreasTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration