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

Significant Accounting Policies (Tables)

v3.25.1
Significant Accounting Policies (Tables)
 12 Months Ended
Dec. 31, 2024
Significant Accounting Policies [Abstract]  
Schedule of Property and Equipment Estimated Useful Lives

Property and equipment are presented at cost less accumulated depreciation. Depreciation is calculated based on the straight-line method over the estimated useful lives of the related assets or terms of the related leases, as follows:

 

    Estimated Useful Lives
     
Laboratory equipment   7 years
Computers and software   3 years
Equipment and furniture   15 years
Leasehold improvements   Shorter of lease term or useful life
Schedule of Fair Value of Financial Assets and Liabilities

The following table summarizes the fair value of our financial assets and liabilities that were accounted for at fair value on a recurring basis, by level within the fair value hierarchy:

 

    December 31, 2024  
    Level 1     Level 2     Level 3     Fair Value  
Assets:                        
Cash equivalents:                        
Money market funds     12,251      
-
      
-
       12,251  
Foreign exchange contracts receivable    
-
       19      
-
       19  
      12,251       19      
-
       12,270  
Liabilities:                                
Contingent consideration    
-
      
-
       77       77  
Private Placement Warrants            
 
       2,287       2,287  
     
-
      
-
       2,364       2,364  

 

    December 31, 2023  
    Level 1     Level 2     Level 3     Fair Value  
Assets:                        
Cash equivalents:                        
Money market funds     11,377      
-
      
-
       11,377  
Foreign exchange contracts receivable    
-
       256      
-
       256  
      11,377       256      
-
       11,633  
Liabilities:                                
Contingent consideration                     155       155  
     
-
               155       155  
Schedule of Private Placement Warrants Measured on Recurring Basis

The changes in the fair value of the Company’s Private Placement Warrants which are measured as Level 3 and on a recurring basis are as follows:

 

    Year ended
December 31,
2024		     Year ended
December 31,
2023		  
Beginning balance    
-
      
-
  
Private Placement Warrants     28,745      
    -
  
Change in fair value     (26,458 )    
-
  
Ending balance     2,287      
-
  
Schedule of Main Assumptions

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      
-