Annual report [Section 13 and 15(d), not S-K Item 405]

General (Tables)

v3.25.1
General (Tables)
 12 Months Ended
Dec. 31, 2024
General [Line Items]  
Schedule of Fair Value of 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 for 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:

 

    December 31,
2024		     December 31,
2023		  
Underlying value of Common Stock ($)     0.73      
       -
  
Exercise price ($)     2.31      
-
  
Expected volatility (%)     120.1      
-
  
Expected terms (years)     1.5      
-
  
Risk-free interest rate (%)     4.1      
-
  
Schedule of Consolidated Statements of Operations

The actual APT net loss included in the Company’s consolidated statements of operations for the year ended December 31, 2024, is as follows:

 

    December 31,
2024		  
Net loss attributable to APT*     16,792  

 

* Including impairments loss related to goodwill, IPR&D and long-lived assets of $801, $3,237 and $4,046, respectively.
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:

 

    December 31,
2024		     December 31,
2023		  
Net loss     17,262       45,821  
Merger Warrants  
General [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 ($)     3.7  
Exercise price ($)     50  
Expected volatility (%)     117.7  
Expected terms (years)     2.87  
Risk-free interest rate (%)     4.5