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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Jun. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 2,127 $ 4,101
Restricted deposits 33 29
Prepaid expenses and other receivables 758 604
Inventory 1,237 1,568
TOTAL CURRENT ASSETS 4,155 6,302
NON-CURRENT ASSETS:    
Restricted deposits 91 86
Operating lease right-of-use assets, net 365 560
Property, plant and equipment, net 4,613 4,892
Investment in joint venture 116 74
TOTAL NON-CURRENT ASSETS 5,185 5,612
TOTAL ASSETS 9,340 11,914
CURRENT LIABILITIES:    
Trade payables 333 276
Deferred revenue 667 387
Other payables 1,909 1,632
Current maturities of operating lease liabilities 294 501
TOTAL CURRENT LIABILITIES 3,203 2,796
NON-CURRENT LIABILITIES:    
European Investment Bank (“EIB”) Loan 4,885 4,303
Share based payment liability 300
Warrants’ liability 4 10
Operating lease liabilities 55 19
TOTAL NON-CURRENT LIABILITIES 4,944 4,632
COMMITMENTS (Note 6)
TOTAL LIABILITIES 8,147 7,428
SHAREHOLDERS’ EQUITY:    
Ordinary Shares, no par value - Authorized 150,000,000 and 15,000,000 as of June 30, 2025 and December 31, 2024, respectively; Issued and outstanding 2,727,048 and 1,618,958 as of June 30, 2025 and December 31, 2024, respectively [1] 124 124
Additional paid in capital 112,776 108,615
Foreign currency cumulative translation reserve (2,053) (2,053)
Accumulated deficit (109,654) (102,200)
TOTAL SHAREHOLDERS’ EQUITY 1,193 4,486
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 9,340 $ 11,914
[1] Post reverse split, see Note 5A.