XML 39 R27.htm IDEA: XBRL DOCUMENT v3.25.1
SHAREHOLDERS' EQUITY (Tables)
3 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of employee and non-employee shares options activity
 
 
Number
   
Weighted
average
exercise
price
   
Weighted
average
remaining
contractual
life (years)
   
Aggregate
intrinsic
value (in
thousands)
 
Options outstanding as of December 31, 2024
   
4,573
   
$
187.94
     
3.47
   
$
-
 
Granted
   
-
     
-
     
-
     
-
 
Exercised
   
-
     
-
     
-
     
-
 
Forfeited
   
(22
)
   
500.74
     
-
     
-
 
Options outstanding as of March 31, 2025
   
4,551
   
$
186.43
     
3.24
   
$
-
 
 
                               
Options exercisable as of March 31, 2025
   
4,551
   
$
186.43
     
3.24
   
$
-
 
Schedule of employee and non-employee RSUs activity
 
 
Number of
shares
underlying
outstanding
RSUs
   
Weighted-
average
grant date
fair value
 
Unvested RSUs as of December 31, 2024
   
327,243
   
$
5.68
 
Granted
   
-
     
-
 
Vested
   
(3,955
)
   
6.08
 
Forfeited
   
(4,200
)
   
5.08
 
Unvested RSUs as of March 31, 2025
   
319,088
   
$
5.69
 
Schedule of options and RSUs outstanding
     
Weighted
average
remaining
contractual
life (years) (1)
   
Options outstanding and
exercisable as of
March 31, 2025
   
Weighted
average
remaining
contractual
life (years) (1)
 
 
Range of exercise price
   
Options and RSUs
outstanding as of
March 31, 2025
 
     
     
RSUs only
     
319,088
     
-
     
-
     
-
 
 
$37.6
     
1,774
     
3.99
     
1,774
     
3.99
 
 
$178.5 - $236.3
     
1,828
     
3.10
     
1,828
     
3.10
 
 
$350 - $367.5
     
864
     
2.21
     
864
     
2.21
 
 
$1,277.5 - $3,634.8
     
85
     
0.76
     
85
     
0.76
 
         
323,639
     
3.24
     
4,551
     
3.24
 
Schedule of non-cash share-based compensation expense
 
 
Three Months Ended March 31,
 
   
2025
   
2024
 
Cost of revenues
 
$
4
   
$
4
 
Research and development, net
   
36
     
46
 
Sales and marketing
   
82
     
111
 
General and administrative
   
98
     
220
 
Total
 
$
220
   
$
381
 
Schedule of warrants outstanding and exercisable
Issuance date
 
Warrants
outstanding
   
Exercise price
per warrant
   
Warrants
outstanding
and
exercisable
 
Contractual
term
 
 
(number)
         
(number)
 
 
December 31, 2015 (1)
   
681
   
$
52.50
     
681
 
See footnote (1)
December 28, 2016 (2)
   
272
   
$
52.50
     
272
 
See footnote (1)
July 6, 2020 (3)          
   
64,099
   
$
12.32
     
64,099
 
January 2, 2026
July 6, 2020 (4)          
   
42,326
   
$
15.95
     
42,326
 
July 2, 2025
December 8, 2020 (5)          
   
83,821
   
$
9.38
     
83,821
 
June 8, 2026
December 8, 2020 (6)          
   
15,543
   
$
12.55
     
15,543
 
June 8, 2026
February 26, 2021 (7)          
   
780,095
   
$
25.20
     
780,095
 
August 26, 2026
February 26, 2021 (8)          
   
93,612
   
$
32.05
     
93,612
 
August 26, 2026
September 29, 2021 (9)
   
1,143,821
   
$
14.00
     
1,143,821
 
March 29, 2027
September 29, 2021 (10)
   
137,257
   
$
17.81
     
137,257
 
September 27, 2026
January 8, 2025 (11)
   
1,818,183
   
$
2.75
     
1,818,183
 
January 10, 2028
January 8, 2025 (12)
   
109,091
   
$
3.44
     
109,091
 
January 10, 2028
 
   
4,288,801
             
4,288,801
 
 
 
  (1)
Represents warrants for ordinary shares issuable upon an exercise price of $52.50 per share, which were granted on December 31, 2015 to Kreos Capital V (Expert) Fund Limited (“Kreos”) in connection with a loan made by Kreos to the Company and are currently exercisable (in whole or in part) until the earlier of (i) December 30, 2025 or (ii) immediately prior to the consummation of a merger, consolidation, or reorganization of the Company with or into, or the sale or license of all or substantially all the assets or shares of the Company to, any other entity or person, other than a wholly owned subsidiary of the Company, excluding any transaction in which the Company’s shareholders prior to the transaction will hold more than 50% of the voting and economic rights of the surviving entity after the transaction. None of these warrants had been exercised as of March 31, 2025.
 
  (2)
Represents common warrants that were issued as part of the $8.0 million drawdown under the Loan Agreement which occurred on December 28, 2016. See footnote 1 for exercisability terms.
 
  (3)
Represents warrants that were issued to certain institutional purchasers in a private placement in the Companys registered direct offering of ordinary shares in July 2020. As of March 31, 2025, 288,634 warrants were exercised for a total consideration of $3,556,976. During the three months that ended March 31, 2025, no warrants were exercised.
 
  (4)
Represents warrants that were issued to the placement agent as compensation for his role in the Company’s July 2020 registered direct offering.
 
  (5)
Represents warrants that were issued to certain institutional purchasers in a private placement in the Companys private placement offering of ordinary shares in December 2020. As of March 31, 2025, 514,010 warrants were exercised for a total consideration of $4,821,416. During the three months that ended March 31, 2025, no warrants were exercised.
 
  (6)
Represents warrants that were issued to the placement agent as compensation for its role in the Companys December 2020 private placement. As of March 31, 2025, 32,283 warrants were exercised for a total consideration of $405,003. During the three months that ended March 31, 2025, no warrants were exercised.
 
  (7)
Represents warrants that were issued to certain institutional purchasers in a private placement in the Companys private placement offering of ordinary shares in February 2021.
 
  (8)
Represents warrants that were issued to the placement agent as compensation for its role in the Company’s February 2021 private placement.
 
  (9)
Represents warrants that were issued to certain institutional purchasers in a private placement in the Companys registered direct offering of ordinary shares in September 2021.
 
  (10)
Represents warrants that were issued to the placement agent as compensation for its role in the Company’s September 2021 registered direct offering.
 
  (11)
Represents warrants that were issued to certain institutional purchasers in a private placement in the Companys registered direct offering of ordinary shares in January 2025.
 
  (12)
Represents warrants that were issued to the placement agent as compensation for its role in the Companys January 2025 registered direct offering.