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Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
$ in Thousands
Sep. 30, 2025
Dec. 31, 2024
CURRENT ASSETS:    
Cash and cash equivalents $ 63,403 $ 18,916
Marketable securities 15,721
Accounts receivable:    
Trade, net 1,961 1,572
Other 475 682
Prepaid expenses 945 1,060
Inventory 3,607 2,570
TOTAL CURRENT ASSETS 70,391 40,521
NON-CURRENT ASSETS:    
    Long term deposit 438 426
Property, plant and equipment, net 3,403 2,371
Operating lease right of use assets 2,915 2,360
Fund in respect of employee rights upon retirement 1,325 1,129
TOTAL NON-CURRENT ASSETS 8,081 6,286
TOTAL ASSETS 78,472 46,807
Accounts payable and accruals:    
Trade 1,753 1,254
Other 9,063 6,424
TOTAL CURRENT LIABILITIES 10,816 7,678
LONG-TERM LIABILITIES-    
Operating lease liabilities net of current maturities 2,367 1,796
Liability for employees’ rights upon retirement and others 1,175 1,247
TOTAL LONG-TERM LIABILITIES 3,542 3,043
TOTAL LIABILITIES 14,358 10,721
COMMITMENTS AND CONTINGENT LIABILITIES
EQUITY:    
Common stock, par value $0.0001 per share; 150,000,000 shares authorized at September 30, 2025 and December 31, 2024; 41,919,141 and 26,611,033 shares issued and outstanding at September 30, 2025 and December 31, 2024, respectively 4 3
Preferred C shares, par value $0.0001 per share; 1,172,000 shares authorized at September 30, 2025 and December 31, 2024; 1,718 shares issued and outstanding at September 30, 2025 and December 31 2024, respectively [1]
Additional paid-in capital 354,641 289,589
Accumulated deficit (290,531) (253,506)
Total equity 64,114 36,086
Total liabilities and equity $ 78,472 $ 46,807
[1] Represents an amount less than $1 thousand