NOTE 8 - SEGMENT INFORMATION
 
a.
The Company operates in Israel as a single operating segment. The Company’s Chief Executive Officer is the chief operating decision marker (the “CODM”). The CODM makes decisions on resource allocation, assesses performance of the business and monitors budget versus actual results on a consolidated basis.
 
b.
Segment information:

 

   
Year ended December 31
 
   
2025
   
2024
 
Revenues
 
$
42
   
$
181
 
Less:
               
Research and development, net:
               
Sub-contractors and consulting expense (EB613)
 
$
2,095
   
$
1,360
 
Net expenses related to 2025 Collaboration Agreement
   
437
     
-
 
Payroll and related expenses
   
1,597
     
1,473
 
Share-based compensation
   
1,143
     
840
 
Rent and related expenses
   
398
     
340
 
Other development expenses*
   
334
     
486
 
Other segment expenses**
   
5,477
     
5,223
 
Segment net loss
 
$
11,439
   
$
9,541
 
 
 
* Other development expenses include materials and productions and others.
 
** Other segment expenses include payroll and related expenses, share-based compensation, legal and audit and related fees and others.

 

c.
Long lived assets are located in Israel.

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.