Quarterly report pursuant to Section 13 or 15(d)

General (Tables)

v3.24.3
General (Tables)
 9 Months Ended
Sep. 30, 2024
General (Tables) [Line Items]  
Schedule of Fair Value Acquired Identifiable Assets And Assumed Liabilities The following sets forth the fair value of acquired identifiable assets and assumed liabilities of APT, after considering measurement period adjustment as described below, which includes adjustments to reflect the fair value of intangible assets acquired as of March 15, 2024:
    Amounts  
Cash and cash equivalents     509  
Restricted cash     154  
Other current assets     1,780  
Property, plant and equipment     3,748  
Operating lease right-of-use asset     7,953  
IPR&D assets and Goodwill     16,088  
Total assets     30,232  
         
Trade accounts payable     (3,667 )
Other accounts payable     (2,895 )
Operating lease liability     (7,819 )
Total liabilities     (14,381 )
Total consideration     15,851  
Schedule of Fair Value of the Consideration Transferred to APT Shareholders Acquisition The following table summarizes the fair value of the consideration transferred to APT shareholders for the Acquisition:
    Amounts  
Common Stock     3,041  
Redeemable Convertible Preferred Shares     12,610  
Merger Warrants     200  
      15,851  
Schedule of Fair Value of the Merger Warrants The main assumptions used are as follows:
    September 30,
2024		     December 31,
2023		  
Underlying value of Common Stock ($)     1.02      
       -
  
Exercise price ($)     2.31      
-
  
Expected volatility (%)     117.6      
-
  
Expected terms (years)     1.75      
-
  
Risk-free interest rate (%)     3.6      
-
  
Schedule of Condensed Consolidated Statements of Operations The actual APT net loss included in the Company’s condensed consolidated statements of operations for the nine months ended September 30, 2024, is as follows:
    September 30,
2024		  
Net loss attributable to APT     5,884  
Schedule of Pro Forma Financial Information The following unaudited table provides certain pro forma financial information for the Company as if the Acquisition occurred on January 1, 2023:
    September 30,
2024*		  
Net loss     2,698  
* The pro forma amounts above are derived from historical numbers of the Company and APT.
Merger Warrants  
General (Tables) [Line Items]  
Schedule of Fair Value of the Merger Warrants The Company determined the fair value of the Merger Warrants using the Black-Scholes model as of the Closing Date. The main assumptions used are as follows:
Underlying value of Common Stock ($)     0.37  
Exercise price ($)     5.0  
Expected volatility (%)     117.7  
Expected terms (years)     2.87  
Risk-free interest rate (%)     4.5