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Property and Equipment, Held for Sale
 12 Months Ended
Dec. 31, 2025
Property and Equipment, Net Held for Sale [Abstract]  
PROPERTY AND EQUIPMENT, HELD FOR SALE
NOTE 4 - PROPERTY AND EQUIPMENT, HELD FOR SALE

 

Composition of assets, grouped by major classifications, is as follows:

 

   As of December 31, 
   2025   2024 
         
Computers and software   304    302 
Laboratory equipment   5,028    5,476 
Equipment and furniture   257    318 
Leasehold improvements   
-
    4,448 
Total property and equipment   5,589    10,544 
Less: Accumulated depreciation   (5,432)   (5,499)
Total property and equipment, net   157    5,045 

 

Depreciation expenses were $2,922 and $1,803 in the years ended December 31, 2025 and 2024, respectively.

 

Following BiomX Israel’s notice to the lessor, in July 2025, that it would not exercise the option to extend the lease for its office space in Ness Ziona, Israel, as described in Note 5, the Company accelerated the depreciation of leasehold improvements associated with this lease. In addition, in connection with BiomX Israel’s filing for the commencement of insolvency proceedings, BiomX Israel sold all of its property and equipment subsequent to the balance sheet date. Accordingly, the Company recorded an impairment to reflect the sale proceeds in the amount of $496.

 

On December 31, 2025, APT signed an amendment to the lease agreement with the landlord to terminate the lease agreement as described in Note 5. Accordingly, the Company accelerated the depreciation of leasehold improvements associated with the lease. Additionally, APT intends to dispose all of its property and equipment. Based on purchase offers received for its equipment, APT determined that the expected sale proceeds are negligible and wrote down the full carrying amount of the assets.

 

For the year ended December 31, 2024, the Company incurred an impairment loss to its leasehold improvements of $530 associated with its right-of-use asset. Refer to Note 11 for additional information.