SIGNIFICANT ACCOUNTING POLICIES (Tables)

12 Months Ended

Dec. 31, 2024

SIGNIFICANT ACCOUNTING POLICIES

Schedule of Useful Life

The Company’s assets are depreciated by the straight-line method on the basis of their estimated useful lives as follows:

	Years
Laboratory equipment	5
Furniture	10-15
Computer equipment	3

Schedule of ASU 2020-06 Impact to the Consolidated Balance Sheet

The impact to the Company’s consolidated balance sheet as of January 1, 2024 resulting from its adoption of ASU 2020-06 is as follows:

	As Reported		Updated
	December 31,		January 1,		Effect of
(U.S. dollars in thousands)	2023		2024		Change
Convertible notes	$	20,251	$	20,420	$	169
Additional paid in capital		415,045		414,652		(393)
Accumulated deficit		381,549		381,325		224