Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

FAIR VALUE MEASUREMENTS (Tables)

v3.25.0.1
FAIR VALUE MEASUREMENTS (Tables)
 12 Months Ended
Dec. 31, 2024
Summary of Assets and Liabilities at Fair Value on a Recurring Basis
   
December 31, 2024
  
 
  
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Marketable securities
  
$
-
    
$
11,955
    
$
-
    
$
11,955
  
 
                                
Total financial assets
  
$
-
    
$
11,955
    
$
-
    
$
11,955
  
Liabilities:
                                
Warrants (1)
  
$
-
    
$
-
    
$
86
    
$
86
  
                                 
Total financial liabilities
  
$
-
    
$
-
    
$
86
    
$
86
  
   
December 31, 2023
  
 
  
Level 1
    
Level 2
    
Level 3
    
Total
  
Assets:
                        
Marketable securities
  
$
-
    
$
18,148
    
$
-
    
$
18,148
  
 
                                
Total financial assets
  
$
-
    
$
18,148
    
$
-
    
$
18,148
  
Liabilities:
                                
Warrants (1)
  
$
-
    
$
-
    
$
240
    
$
240
  
                                 
Total financial liabilities
  
$
-
    
$
-
    
$
240
    
$
240
  
Summary of the Binomial (Lattice) Valuation Model Assumptions used to Record the Fair Value of the Warrants
   
Year ended December 31,
  
   
2024
    
2023
    
2022
  
Balance at the beginning of the period
  
$
240
    
$
720
    
$
1,639
  
Change in fair value of warrants liability
    
(154
)
    
(472
)
    
(890
)
Reclassification of warrants liability to equity
    
-
      
(8
)
    
(29
)
Balance at the end of the year
  
$
86
    
$
240
    
$
720
  
Summary of Change in the Level 3 Warrant Liability
   
December 31,
  
   
2024
    
2023
  
Fair value determined per warrant
  
$
0.19
    
$
0.53
  
Expected volatility
    
120
%
    
95
%
Expected annual dividend yield
    
0
%
    
0
%
Expected term (years)
    
1.3
      
2.3
  
Risk-free rate
    
4.2
%
    
4.2
%