XML 62 R31.htm IDEA: XBRL DOCUMENT
v3.26.1

Share Capital (Tables) | 12 Months Ended
--- | ---
Dec. 31, 2025
Stockholders' Equity Note [Abstract] |
Schedule of the effect of share-based compensation on the statements of operations |
|  | Year ended |  |  | Year ended |  |  | Year ended |
|  | December 31, |  |  | December 31, |  |  | December 31, |
|  | 2025 |  |  | 2024 |  |  | 2023 |
|  | USD thousands |  |  | USD thousands |  |  | USD thousands |
Research and development |  |  | 158 |  |  |  | 401 |  |  |  | 407 |
General and administrative |  |  | 465 |  |  |  | 216 |  |  |  | 1,084 |
Total share-based compensation expenses |  |  | 623 |  |  |  | 617 |  |  |  | 1,491 |
Schedule of number and weighted average exercise prices of option |
|  | Weighted average exercise price |  |  | Number of options |  |  | Weighted average remaining contractual life (in years) |  |  | Weighted average exercise price |  |  | Number of options |  |  | Weighted average remaining contractual life (in years) |
|  | 2024 |  |  | 2024 |  |  | 2024 |  |  | 2023 |  |  | 2023 |  |  | 2023 |
Outstanding at January 1 |  |  | 0.16 |  |  |  | 29,873,100 |  |  |  | 5.99 |  |  |  | 0.33 |  |  |  | 35,191,540 |  |  |  | 7.42 |
Exercised |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Forfeited |  |  | 0.19 |  |  |  | (667,820 | ) |  |  | - |  |  |  | 0.39 |  |  |  | (20,373,620 | ) |  |  | - |
Granted |  |  | 0.03 |  |  |  | 2,845,020 |  |  |  | 8.56 |  |  |  | 0.07 |  |  |  | 15,055,180 |  |  |  | 5.86 |
Outstanding at December 31 |  |  | 0.15 |  |  |  | 32,050,300 |  |  |  | 7.34 |  |  |  | 0.16 |  |  |  | 29,873,100 |  |  |  | 5.99 |
|  | Weighted average exercise price |  |  | Number of options |  |  | Weighted average remaining contractual life (in years) |  |  | Weighted average exercise price |  |  | Number of options |  |  | Weighted average remaining contractual life (in years) |
|  | 2025 |  |  | 2025 |  |  | 2025 |  |  | 2024 |  |  | 2024 |  |  | 2024 |
Outstanding at January 1 |  |  | 0.15 |  |  |  | 32,050,300 |  |  |  | 7.34 |  |  |  | 0.16 |  |  |  | 29,873,100 |  |  |  | 5.99 |
Exercised |  |  | 0.03 |  |  |  | (449,920 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Forfeited |  |  | 0.11 |  |  |  | (4,869,540 | ) |  |  | - |  |  |  | 0.19 |  |  |  | (667,820 | ) |  |  | - |
Granted |  |  | 0.06 |  |  |  | 4,761,880 |  |  |  | 9.30 |  |  |  | 0.03 |  |  |  | 2,845,020 |  |  |  | 8.56 |
Outstanding at December 31 |  |  | 0.14 |  |  |  | 31,492,720 |  |  |  | 6.71 |  |  |  | 0.15 |  |  |  | 32,050,300 |  |  |  | 7.34 |
Schedule of Unvested RSA |
|  | Number of RSAs |
RSA |  | 2025 |
Unvested at beginning of the year |  |  | 6,443,900 |
Granted |  |  | 5,870,980 |
Vested |  |  | (1,433,120 | )
Forfeited |  |  | (810,400 | )
Outstanding at December 31, 2025 |  |  | 10,071,360 |
Schedule of assumptions used to calculate the fair value of the options |
|  | 2025 grants of Options |
Weighted average share price (in U.S. dollar)(a) |  |  | 0.05 |
Exercise price (in U.S. dollar) |  |  | 0.06-0.08 |
Expected life of options (in years)(b) |  |  | 5.44-5.5 |
Expected volatility(c) |  |  | 96%-105.2 | %
Risk-free interest rate(d) |  |  | 4.09%-4.19 | %
Dividend yield |  |  | 0 | %

X
- Definition Tabular disclosure of the changes in outstanding nonvested restricted stock shares. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Section 50 -Subparagraph (c) -Paragraph 2 -SubTopic 10 -Topic 718 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_NonvestedRestrictedStockSharesActivityTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfCompensationCostForShareBasedPaymentArrangementsAllocationOfShareBasedCompensationCostsByPlanTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Topic 718 -SubTopic 10 -Subparagraph (f)(2) -Name Accounting Standards Codification -Paragraph 2 -Section 50 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfShareBasedPaymentAwardStockOptionsValuationAssumptionsTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

X
- Definition Tabular disclosure of the change in stock options. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c)(1) -Publisher FASB -URI https://asc.fasb.org/1943274/2147480429/718-10-50-2 + Details
Name: | us-gaap_ScheduleOfStockOptionsRollForwardTableTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration

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