$NEXR
Nexera Technologies Ltd
CIK:0001885408|SEC Filings
Consolidated Statements of Cash Flows - USD ($) $ in Thousands |
12 Months Ended | ||
|---|---|---|---|
Dec. 31, 2025 |
Dec. 31, 2024 |
Dec. 31, 2023 |
|
| CASH FLOWS USED IN OPERATING ACTIVITIES: | |||
| Net loss | $ (4,047) | $ (7,804) | $ (4,598) |
| Adjustments to reconcile net loss to net cash used in operating activities: | |||
| Exchange rate differences on cash and cash equivalents | (29) | 8 | 34 |
| Amortization and impairment of intangible assets | 1,129 | 768 | 730 |
| Depreciation of property and equipment | 72 | 20 | 8 |
| Equity losses | 239 | 1,186 | 1,249 |
| Share-based compensation | 688 | ||
| Changes in deferred taxes, net | (746) | 201 | (58) |
| Derecognition of the lease upon early termination | (111) | ||
| Revaluation of derivative liabilities | (5,011) | 607 | (841) |
| Revaluation of convertible promissory notes | 1,628 | ||
| Revaluation of deferred consideration (see note 3(a)) | 38 | ||
| Revaluation of investment at fair value | 5 | 62 | 221 |
| Financing expenses on convertible loan receivable | (12) | ||
| Financing expenses on convertible debenture | 115 | ||
| Issuance costs on financial instruments classified as derivative liabilities | 603 | ||
| Interest expense on short-term loan | (1) | ||
| Changes in operating assets and liabilities: | |||
| Decrease (increase) in trade receivables | (24) | 209 | (302) |
| Decrease (increase) in other receivables | (163) | 106 | 182 |
| Increase in inventory | (617) | (1,666) | (596) |
| Increase (decrease) in trade payables and other payables | 319 | (172) | 1,304 |
| Decrease in operating lease right-of-use assets | 1,631 | 109 | 67 |
| Decrease in operating lease liabilities | (1,324) | (112) | (67) |
| Net cash used in operating activities | (6,221) | (5,875) | (2,668) |
| CASH FLOWS USED IN INVESTING ACTIVITIES: | |||
| Purchase of property and equipment | (11) | (144) | (25) |
| Restricted deposit | 678 | (17) | |
| Purchase of investment accounted for using the equity method | (98) | (3,091) | |
| Acquisition of Pure Logistics, net of cash acquired (see note 3(a)) | (2,253) | ||
| Investment in convertible loan receivable (Note 8) | (2,718) | ||
| Purchase of intangible assets (see note 6) | (200) | (330) | (1,681) |
| Net cash used in investing activities | (4,504) | (572) | (4,814) |
| CASH FLOWS FROM (USED IN) FINANCING ACTIVITIES: | |||
| Short-term loans repaid | (86) | ||
| Proceeds from issuance of convertible notes (note 11(d) & note 11(e)) | 7,515 | ||
| Repayment of convertible notes | (271) | ||
| Repayment of deferred payment (see note 3(a)) | (513) | ||
| Cash acquired in connection with the reverse recapitalization, net (see Note 3(b)) | 4 | ||
| Issuance of convertible debenture, net of issuance costs (note 12) | 1,866 | ||
| Issuance of ordinary shares, pre-funded warrants and warrants, net | 541 | 6,255 | |
| Exercise of warrants and options | 624 | 2,229 | |
| Net cash from (used in) financing activities | 9,768 | 8,484 | (86) |
| NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (957) | 2,037 | (7,568) |
| CHANGES FROM EXCHANGE RATE DIFFERENCES ON CASH AND CASH EQUIVALENTS | 29 | (8) | (34) |
| CASH AND CASH EQUIVALENTS AT BEGINNING OF THE YEAR | 2,564 | 535 | 8,137 |
| CASH AND CASH EQUIVALENTS AT END OF THE YEAR | 1,636 | 2,564 | 535 |
| Supplemental disclosure of cash flow information: | |||
| Taxes paid | 108 | 180 | 28 |
| Interest received | 16 | 78 | |
| Interest paid | 47 | 10 | 2 |
| Supplemental disclosure of noncash investing and financing activities: | |||
| Issuance of ordinary shares upon conversion of the January Note | 3,159 | ||
| Issuance of ordinary shares upon conversion of the June Notes | 4,358 | ||
| Issuance of ordinary shares upon conversion of Series A Warrants | 394 | 64 | |
| Reclassification of warrants from liability to equity | 232 | ||
| Convertible debenture’s issuance costs in ordinary shares | 242 | ||
| Issuance of 12 ordinary shares to SciSparc Ltd. in consideration for 73 ordinary shares (see note 7(b)) | 288 | ||
| Consideration payable to sellers of Fort Products Ltd. included in other payables | 332 | ||
| Consideration payable to seller of SciSparc U.S. shares included in other payables | 98 | ||
| Right of use assets obtained in exchange for lease liabilities | 155 | 273 | 57 |
| Derecognition of the lease upon early termination | (1,715) | ||
| Purchase of intangible assets not yet paid | 800 | ||
| Supplemental disclosure of the acquisition of Pure Logistics: | |||
| Working capital other than cash | 493 | ||
| Property and equipment, net | 205 | ||
| Operating lease right-of-use assets | 6,024 | ||
| Intangible assets – customer relationships | 1,376 | ||
| Goodwill | 951 | ||
| Operating lease liabilities | (5,742) | ||
| Deferred tax liability | (579) | ||
| Deferred payment | (475) | ||
| Total cash from investment in newly consolidated subsidiary | $ 2,253 | ||
Consolidated Balance Sheets - USD ($) $ in Thousands |
Dec. 31, 2025 |
Dec. 31, 2024 |
||
|---|---|---|---|---|
| CURRENT ASSETS: | ||||
| Cash and cash equivalents | $ 1,636 | $ 2,564 | ||
| Restricted deposit | 22 | 17 | ||
| Trade receivables | 691 | 420 | ||
| Other receivables | 572 | 491 | ||
| Inventory | 4,669 | 4,052 | ||
| Total current assets | 7,590 | 7,544 | ||
| NON-CURRENT ASSETS: | ||||
| Property and equipment, net | 328 | 184 | ||
| Equity method investment | 515 | 754 | ||
| Convertible loan receivable | 2,990 | |||
| Investment at fair value | 5 | |||
| Intangible assets, net | 6,191 | 4,945 | ||
| Goodwill | 951 | |||
| Other receivables | 385 | |||
| Deferred taxes | 134 | |||
| Operating lease right-of-use assets | 3,126 | 292 | ||
| Total non-current assets | 14,620 | 6,180 | ||
| TOTAL ASSETS | 22,210 | 13,724 | ||
| CURRENT LIABILITIES: | ||||
| Trade payables | 634 | 458 | ||
| Other payables | 2,460 | 1,168 | ||
| Convertible promissory note | 329 | |||
| Operating lease liabilities | 750 | 89 | ||
| Total current liabilities | 4,173 | 1,715 | ||
| NON-CURRENT LIABILITIES: | ||||
| Derivative liabilities | 1,259 | 6,220 | ||
| Convertible promissory note | 350 | |||
| Convertible debenture | 1,688 | |||
| Non-current operating lease liabilities | 2,284 | 199 | ||
| Deferred taxes | 33 | |||
| Total non-current liabilities | 5,581 | 6,452 | ||
| TOTAL LIABILITIES | 9,754 | 8,167 | ||
| SHAREHOLDERS’ EQUITY: | ||||
| Ordinary shares of no par value per share – Authorized: 1,500,000,000 and 90,000,000 shares as of December 31, 2025 and December 31, 2024 respectively; Issued and outstanding: 250,727 and 7,210 shares as of December 31, 2025 and December 31, 2024(*), respectively. | [1] | |||
| Additional paid-in-capital | 31,529 | 21,637 | ||
| Accumulated deficit | (19,757) | (16,080) | ||
| Transactions with noncontrolling interests | (319) | |||
| Total Nexera shareholders’ equity | 11,453 | 5,557 | ||
| Noncontrolling interest | 1,003 | |||
| TOTAL SHAREHOLDERS’ EQUITY | 12,456 | 5,557 | ||
| TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ 22,210 | $ 13,724 | ||
| ||||