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CONDENSED CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Jun. 30, 2026
Dec. 31, 2025
CURRENT ASSETS    
Cash and cash equivalents $ 9,448 $ 2,169
Restricted Cash 4 240
Clinical trial services asset [1] 504 0
Trade receivables, net of credit losses of $212 and $192, as of June 30, 2026 and December 31, 2025, respectively 7,861 6,138
Prepaid expenses and other current assets 1,979 1,528
Inventories 6,151 5,732
Total current assets 25,947 15,807
LONG-TERM ASSETS    
Restricted cash and other long-term assets 488 209
Clinical trial services asset [1] 378 0
Operating lease right-of-use assets 2,473 1,544
Property and equipment, net 527 585
Intangible Assets 432 0
Goodwill 4,755 4,755
Total long-term assets 9,053 7,093
Total assets 35,000 22,900
CURRENT LIABILITIES    
Trade payables 6,135 5,590
Employees and payroll accruals 1,591 1,442
Deferred revenues 932 920
Convertible promissory note [2] 0 2,803
Current maturities of operating leases liability 743 425
Other current liabilities 1,758 859
Total current liabilities 11,159 12,039
LONG-TERM LIABILITIES    
Convertible promissory notes, net [3] 4,432 0
Financing liabilities 4,083 0
Deferred revenues 1,243 1,233
Non-current operating leases liability 1,813 1,159
Other long-term liabilities 54 61
Total long-term liabilities 11,625 2,453
Total liabilities 22,784 14,492
COMMITMENTS AND CONTINGENT LIABILITIES
Shareholders’ equity:    
Share capital Ordinary share Authorized: 100,000,000 shares at June 30, 2026 and 75,000,000 December 31, 2025; Issued: 2,876,250 and 1,572,319 shares at June 30, 2026 and December 31, 2025, respectively; Outstanding: 2,828,362 and 1,524,431 shares as of June 30, 2026 and December 31, 2025 respectively [4] 0 9,418
Additional paid-in capital 322,470 286,932
Treasury Shares at cost, 47,888 ordinary shares at June 30, 2026 and December 31, 2025 [4] (3,203) (3,203)
Accumulated deficit (307,051) (284,739)
Total shareholders' equity 12,216 8,408
Total liabilities and shareholders' equity $ 35,000 $ 22,900
[1] Balance relates entirely to a related party arrangement with Oramed Pharmaceuticals Inc.
[2] Represents amounts due to Oramed Pharmaceuticals Inc. as of December 31, 2025. Oramed became a related party upon completion of the March 2026 transaction.
[3] Includes balances attributable to Oramed Pharmaceuticals Inc., a related party, of $3,982 as of June 30, 2026.
[4] Reflects the one-for-twelve reverse share split that became effective on February 24, 2026. See Note 8a to the condensed consolidated financial statements.