Entera Bio (ENTX) 10-K 8 Mar 24 2023 FY Annual report Financial data

Document and Entity Information

Document and Entity Information - USD ($) $ in Millions	12 Months Ended
	Dec. 31, 2023	Mar. 01, 2024	Jun. 30, 2023
Cover [Abstract]
Entity Public Float			$ 20.7
Entity Registrant Name	Entera Bio Ltd.
Document Type	10-K
Document Period End Date	Dec. 31, 2023
Entity Central Index Key	0001638097
Current Fiscal Year End Date	--12-31
Entity Filer Category	Non-accelerated Filer
Amendment Flag	false
Entity Current Reporting Status	Yes
Entity Common Stock, Shares Outstanding		35,481,341
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	FY
Entity Shell Company	false
Entity Small Business	true
Entity Interactive Data Current	Yes
Entity Emerging Growth Company	false
Entity Incorporation, State or Country Code	L3
Entity Address, Address Line One	Kiryat Hadassah
Entity Address, Address Line Two	Minrav Building - Fifth Floor
Entity Address, City or Town	Jerusalem
Entity Address, Postal Zip Code	9112002
Entity Address, Country	IL
City Area Code	972
Local Phone Number	2-532-7151
Document Transition Report	false
Entity File Number	001-38556
Entity Tax Identification Number	00-0000000
Trading Symbol	ENTX
Security Exchange Name	NASDAQ
Title of 12(b) Security	Ordinary shares
Entity Voluntary Filers	No
Entity Well-known Seasoned Issuer	No
Document Annual Report	true
Auditor Name	Kesselman & Kesselman
Auditor Location	Tel-Aviv, Israel
Auditor Firm ID	1309
Document Financial Statement Error Correction [Flag]	false

CONSOLIDATED BALANCE SHEETS

CONSOLIDATED BALANCE SHEETS - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
CURRENT ASSETS:
Cash and cash equivalents	$ 11,019	$ 12,309
Accounts receivable	0	246
Other current assets	238	294
TOTAL CURRENT ASSETS	11,257	12,849
NON-CURRENT ASSETS:
Property and equipment, net	100	139
Operating lease right-of-use assets	388	90
Deferred income taxes	14	43
Funds in respect of employee rights upon retirement	6	6
TOTAL NON-CURRENT ASSETS	508	278
TOTAL ASSETS	11,765	13,127
CURRENT LIABILITIES:
Accounts payable	83	17
Accrued expenses and other payables	874	1,233
Current maturities of operating lease	134	91
TOTAL CURRENT LIABILITIES	1,091	1,341
NON-CURRENT LIABILITIES:
Operating lease liabilities	256	0
Liability for employee rights upon retirement	32	32
TOTAL NON-CURRENT LIABILITIES	288	32
TOTAL LIABILITIES	1,379	1,373
SHAREHOLDERS' EQUITY:
Ordinary Shares, NIS 0.0000769 par value: Authorized - as of December 31, 2023 and December 31, 2022, 140,010,000 shares; issued and outstanding as of December 31, 2023, and December 31, 2022, 35,476,341 and 28,809,922 shares, respectively	1		[1]
Additional paid-in capital	114,730	107,210
Accumulated other comprehensive income	41	41
Accumulated deficit	(104,386)	(95,497)
TOTAL SHAREHOLDERS' EQUITY	10,386	11,754
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY	$ 11,765	$ 13,127
[1]Represents an amount less than one thousand US dollars

CONSOLIDATED BALANCE SHEETS (Pa

CONSOLIDATED BALANCE SHEETS (Parenthetical) - ₪ / shares	Dec. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Ordinary share, par value	₪ 0.0000769	₪ 0.0000769
Ordinary shares, authorized	140,010,000	140,010,000
Ordinary shares, issued	35,476,341	28,809,922
Ordinary shares, outstanding	35,476,341	28,809,922

CONSOLIDATED STATEMENTS OF OPER

CONSOLIDATED STATEMENTS OF OPERATIONS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Statement [Abstract]
REVENUES	$ 0	$ 134
COST OF REVENUES	0	101
GROSS PROFIT	0	33
OPERATING EXPENSES:
Research and development	4,510	5,848
General and administrative	4,430	7,253
Other income	(49)	(51)
TOTAL OPERATING EXPENSES	8,891	13,050
OPERATING LOSS	8,891	13,017
FINANCIAL INCOME, net	(31)	(83)
LOSS BEFORE INCOME TAX	8,860	12,934
INCOME TAX EXPENSES	29	137
NET LOSS	$ 8,889	$ 13,071
LOSS PER SHARE BASIC	$ 0.31	$ 0.45
LOSS PER SHARE DILUTED	$ 0.31	$ 0.45
WEIGHTED-AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF BASIC LOSS PER SHARE	29,007,794	28,808,090
WEIGHTED-AVERAGE NUMBER OF SHARES OUTSTANDING USED IN COMPUTATION OF DILUTED LOSS PER SHARE	29,007,794	28,808,090

CONSOLIDATED STATEMENTS OF CHAN

CONSOLIDATED STATEMENTS OF CHANGES IN SHAREHOLDERS' EQUITY - USD ($) $ in Thousands	Ordinary shares [Member]	Additional paid-in capital [Member]	Accumulated other Comprehensive income [Member]	Accumulated deficit [Member]	Total
BALANCE at Dec. 31, 2021		$ 104,950	$ 41	$ (82,426)	$ 22,565
BALANCE ( IN SHARES) at Dec. 31, 2021	28,804,411
CHANGES DURING THE YEAR ENDED
Net loss	$ 0	0	0	(13,071)	(13,071)
Exercise of options to ordinary shares		13	0	0	$ 13
Exercise of options to ordinary shares (in shares)	5,511				5,511
Share-based compensation	$ 0	2,247	0	0	$ 2,247
BALANCE at Dec. 31, 2022		107,210	41	(95,497)	11,754
BALANCE ( IN SHARES) at Dec. 31, 2022	28,809,922
CHANGES DURING THE YEAR ENDED
Net loss	$ 0	0	0	(8,889)	(8,889)
Issuance of ordinary shares, warrants and pre-funded warrants due to a private placement, net of issuance costs	$ 1	5,826	0	0	5,827
Issuance of ordinary shares, warrants and pre-funded warrants due to a private placement, net of issuance costs (in shares)	6,662,389
Issuance of shares under the ATM program, net of issuance costs		5	0	0	$ 5
Issuance of shares under the ATM program, net of issuance costs (in shares)	4,030
Exercise of options to ordinary shares (in shares)					0
Share-based compensation	$ 0	1,689	0	0	$ 1,689
BALANCE at Dec. 31, 2023	$ 1	$ 114,730	$ 41	$ (104,386)	$ 10,386
BALANCE ( IN SHARES) at Dec. 31, 2023	35,476,341

CONSOLIDATED STATEMENTS OF CASH

CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:
Net loss	$ (8,889)	$ (13,071)
Adjustments required to reconcile net loss to net cash used in operating activities:
Depreciation	56	64
Deferred income taxes	29	174
Share-based compensation	1,689	2,247
Finance income, net		(78)
Changes in operating asset and liabilities:
Decrease (increase) in accounts receivable	246	(63)
Decrease (increase) in other current assets	56	(40)
Increase (decrease) in accounts payable	66	(149)
Decrease in accrued expenses and other payables	(563)	(1,568)
Decrease in contract liabilities	0	(15)
Net cash used in operating activities	(7,310)	(12,499)
CASH FLOWS FROM INVESTING ACTIVITIES:
Funds with respect to employee rights upon retirement	0	(55)
Purchase of property and equipment	(17)	(47)
Net cash used in investing activities	(17)	(102)
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from issuance of shares through ATM programs, net of issuance costs	5	0
Issuance of ordinary shares and warrants due to a private placement	6,611	0
Issuance costs	(580)
Exercise of options into shares	0	13
Net cash provided by financing activities	6,036	13
DECREASE IN CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS	(1,291)	(12,588)
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT BEGINNING OF THE YEAR	12,376	24,964
CASH, CASH EQUIVALENTS AND RESTRICTED DEPOSITS AT END OF THE YEAR	11,085	12,376
Reconciliation in amounts on consolidated balance sheets:
Cash and cash equivalents	11,019	12,309
Restricted deposits included in other current assets	66	67
Total cash and cash equivalents and restricted deposits	11,085	12,376
SUPPLEMENTAL DISCLOSURE OF CASH FLOW TRANSACTIONS:
Interest received	18	0
Income taxes paid in cash during the year	0	165
SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS:
Issuance costs	470	0
Operating lease right of use assets obtained in exchange for new operating lease liabilities	$ 449	$ 0

GENERAL

GENERAL	12 Months Ended
	Dec. 31, 2023
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	NOTE 1 - GENERAL a. Entera Bio Ltd. (collectively with its subsidiary, the "Company) was incorporated on September 30, 2009 and commenced operation on June 1, 2010. On January 8, 2018, the Company incorporated its wholly owned subsidiary, Entera Bio Inc., in Delaware, United States. The Company is focused on developing first-in-class oral tablet formats of peptides or protein replacement therapies. The Company focuses on underserved, chronic medical conditions for which oral administration of a protein therapy has the potential to significantly shift a treatment paradigm. The Company’s most advanced product candidate, EB613, oral PTH (1-34), is being developed as the first oral, osteoanabolic (bone building) once-daily tablet treatment for post-menopausal women with low bone mineral density (“BMD”) and high-risk osteoporosis with no prior fracture. The Company is preparing to initiate a Phase 3 registrational study for EB613 pursuant to the FDA’s qualification of a quantitative BMD endpoint. The EB612 program is being developed as the first oral PTH(1-34) tablet peptide replacement therapy for hypoparathyroidism. Additionally, the Company intends to license its N-Tab™ technology to biopharmaceutical companies for use with their proprietary compounds. b. The Company's ordinary shares, NIS 0.0000769 par value per share (“ordinary shares”), have been listed on the Nasdaq Capital Market since July 2018 under the symbol “ENTX”. c. Because the Company is engaged in research and development activities, it has not derived significant income from its activities and has incurred an accumulated deficit in the amount of $104.4 million as of December 31, 2023 and negative cash flows from operating activities. The Company's management is of the opinion that its available funds as of December 31, 2023 will allow the Company to operate under its current plans through the second quarter of 2025. This assumes the use of the Company’s capital to fund its ongoing operations, including research and development, the completion of the Phase 1 study related to the new generation platform and the GLP-2/OXM collaborative research the Company is conducting with OPKO Biologics, Inc., a subsidiary of OPKO Health Inc. (“OPKO”). The Company’s current capital resources do not include the capital required to fund the Company's proposed Phase 3 study for EB613 in osteoporosis. These factors raise substantial doubt as to the Company's ability to continue as a going concern. Management is in the process of evaluating various financing alternatives in the public and private equity markets, debt financing and strategic collaborations, as the Company will need to finance future research and development activities, general and administrative expenses and working capital through capital raising. However, there is no certainty about the Company's ability to obtain such funding. These consolidated financial statements do not include any adjustments that may be necessary should the Company be unable to continue as a going concern. d. In October 2023, Hamas terrorists infiltrated Israel’s southern border from the Gaza Strip and conducted a series of attacks on civilian and military targets. Hamas also launched extensive rocket attacks on the Israeli population and industrial centers located along Israel’s border with the Gaza Strip and in other areas within the State of Israel. These attacks resulted in thousands of deaths and injuries, and Hamas additionally kidnapped many Israeli civilians and soldiers. Following the attack, Israel’s security cabinet declared war against Hamas and commenced a military campaign against Hamas. While the Company has a few employees who are in active military service, the ongoing war with Hamas has not, since its inception, materially impacted the Company's business or operations. Furthermore, the Company does not expect any delays to any of its programs as a result of the situation. However, the Company cannot currently predict the intensity or duration of Israel’s war against Hamas, nor can predict how this war will ultimately affect its business and operations or Israel’s economy in general.

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES a. Basis of presentation of the financial statements The consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”). b. Use of estimates in the preparation of financial statements The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates. c. Functional currency 1) Functional and presentation currency Items included in the financial statements of the Company are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The U.S. dollar is the currency of the primary economic environment in which the operations of the Company are conducted. The consolidated financial statements are presented in U.S. dollars. The functional currency of the subsidiary is the U.S. dollar. 2) Transactions and balances Transactions and balances originally denominated in U.S. dollars are presented at their original amounts. Balances in non- U.S. dollar currencies are translated into U.S. dollars using historical and current exchange rates for non-monetary and monetary balances, respectively. For non-U.S. dollar transactions and other items in the statements of income (indicated below), the following exchange rates are used: (i) for transactions – exchange rates at transaction dates or average exchange rates; and (ii) for other items (derived from non-monetary balance sheet items such as depreciation and amortization) – historical exchange rates. Currency transaction gains and losses are presented in financial income (expenses), as appropriate. d. Principles of consolidation The consolidated financial statements include the accounts of the Company and its subsidiary Entera Bio Inc. All inter-company transactions and balances have been eliminated in consolidation. e. Cash and cash equivalents The Company considers as cash equivalents all short-term, highly liquid investments, which include short-term bank deposits with original maturities of three months or less from the date of purchase that are not restricted as to withdrawal or use and are readily convertible to known amounts of cash. f. Bank deposits Bank deposits with original maturity dates of more than three months but less than one year are included in short-term deposits. Such short-term deposits bore interest at an average annual rate of approximately 6% for the year ended December 31, 2023. Bank deposits with maturity of more than one year are considered long-term. g. Restricted cash Restricted cash deposited in an interest-bearing saving account which is used as a security for the Company's office rent and credit card. h. Concentrations of credit risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents. The Company maintains cash held in checking accounts and deposits at financial institutions in major Israeli and U.S. banks. Management believes the Company is not exposed to significant credit risk to its current financial institution, but will continue to monitor regularly and adjust, if needed, to mitigate risk. The Company has established guidelines regarding diversification of its investments and their maturities, which are designed to maintain principal and maximize liquidity. To date, the Company has not experienced any losses associated with this credit risk and continues to believe that this exposure is not significant. i. Fair value measurement The Company measures fair value and discloses fair value measurements for financial assets and liabilities. Fair value is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The accounting standard establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described below: Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs. Level 2: Observable inputs that are based on inputs not quoted on active markets but corroborated by market data. Level 3: Unobservable inputs are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs. j. Employee severance benefits Under the Israeli Severance Pay Law, 1963, the Company is required to make severance payments upon dismissal of an Israeli employee or upon termination of employment in certain other circumstances. The severance payment liability to the employees located in Israel (based upon length of service and the latest monthly salary - one month’s salary for each year employed) is recorded on the Company’s balance sheet under “Liability for employee rights upon retirement.” The liability is recorded as if it had been payable at each balance sheet date on an undiscounted basis. In accordance with Section 14 of the Israeli Severance Pay Law, 1963, the Company makes regular deposits with certain insurance companies for accounts controlled by each applicable employee in order to secure the employee’s retirement benefit obligation. The Company is fully relieved from any severance pay liability with respect to each such employee after it makes the payments on behalf of the employee. The liability accrued in respect of these employees and the amounts funded, as of the respective agreement dates, are not reflected in the Company balance sheet, as the amounts funded are not under the control and management of the Company and the pension or severance pay risks have been irrevocably transferred to the applicable insurance companies (the “Contribution Plan”). For periods prior to December 2013, the liability was funded in part from the purchase of insurance policies or by the establishment of pension funds with dedicated deposits in the funds. The amounts used to fund these liabilities are included in the balance sheets under “Funds in respect of employee rights upon retirement”. These policies are the Company’s assets. The amounts of severance payment expenses were $128 and $132 for the years ended December 31, 2023 and 2022, respectively. The Company expects to contribute to insurance companies approximately $128 for the year ending December 31, 2024 in connection with its expected severance liabilities for that year. k. Leases The Company determines if an arrangement is a lease at inception. Balances related to operating leases are included in operating lease right-of-use (“ROU”) assets and current and non-current operating lease liabilities in the consolidated balance sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized as of the commencement date based on the present value of lease payments over the lease term. Lease terms will include options to extend or terminate the lease when it is reasonably certain that the Company will either exercise or not exercise the option to renew or terminate the lease. The discount rate for the lease is the rate implicit in the lease unless that rate cannot be readily determined. As the Company’s leases do not provide an implicit rate, the Company’s uses its estimated incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Sublease income is recognized on a straight-line basis over the expected lease term and is included in other income in our consolidated statements of operations. l. Property and equipment 1) Property and equipment are stated at cost, net of accumulated depreciation and amortization. 2) The Company’s property and equipment are depreciated using the straight-line method, which approximates the pattern of usage, over the term of the estimated useful life, as follows: Years Computer equipment 3-5 Office furniture 10 Laboratory equipment 7-10 Leasehold improvements are amortized by the straight-line method over the shorter of (i) the expected lease term and (ii) the estimated useful life of the improvements. m. Impairment of long-lived assets The Company tests long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may no longer be recoverable. Recoverability of long-lived assets is measured by comparing the carrying amount of the long-lived asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the sum of the expected undiscounted cash flow is less than the carrying amount of the asset, the Company recognizes an impairment loss, which is the excess of the carrying amount over the fair value of the asset, using the expected future discounted cash flows As of December 31, 2023 and 2022, the Company did not recognize an impairment loss on its long-lived assets. n. Share-based compensation The Company grants share options and restricted share units (“RSU”) (together “Share-Based Compensation”) to its employees, directors and non-employees in consideration for services rendered. The Company accounts for Share-Based Compensation awards classified as equity awards, including share-based option awards and RSUs, using grant-date fair value. The Company recognize the value of the award as an expense over the requisite service period. The Company applies ASU 2018-07 (Topic 718) that expands the scope of Topic 718 to include Share-Based Compensation transactions for acquiring goods and services from non-employees. Under the provision of the amendment, the Company measures share-based compensation to non-employees in the same manner as share-based compensation to employees. The Company calculates the fair value of stock-based option awards on the date of grant using the Black-Scholes option pricing model. The option-pricing model requires a number of assumptions, of which the most significant are the expected share price volatility and the expected option term. The computation of expected volatility is based on the historical volatility of the Company’s ordinary shares. The expected option term is calculated using the simplified method, as the Company has concluded that its historical share option exercise experience does not provide a reasonable basis to estimate expected option terms. The interest rate for periods within the expected term of an award is based on the U.S. Treasury yield curve in effect at the time of grant. The Company’s expected dividend rate is zero because the Company does not currently pay cash dividends on its shares and does not anticipate doing so in the foreseeable future. The Company elected to recognize compensation costs for awards granted to employees and directors conditioned only on continued service that have a graded vesting schedule using the accelerated method based on the multiple-option award approach. The Company has elected to account for forfeitures as they occur. o. Research and development expenses Research and development expenses include costs directly attributable to the conduct of research and development programs, including the cost of salaries, share-based compensation expenses, payroll taxes and other employee benefits, lab expenses, consumable equipment and consulting fees. All costs associated with research and development are expensed as incurred. p. Revenue recognition On December 10, 2018, the Company entered into a research collaboration and license agreement with Amgen (the “Amgen Agreement”) for the use of the Company’s oral delivery platform in the field of inflammatory disease and other serious illnesses. Pursuant to the Amgen Agreement, the Company and Amgen had agreed to use the Company’s proprietary drug delivery platform to develop oral formulations for one preclinical large molecule program that Amgen had selected. Additionally, the Company had granted Amgen an exclusive, worldwide, sublicensable license under certain of its intellectual property relating to its drug delivery technology to develop, manufacture and commercialize the applicable products. On May 2, 2023, the Company and Amgen agreed to terminate the Amgen Agreement in accordance with its terms, effective on such date. Neither party incurred any termination penalty or fees in connection with the termination of the Amgen Agreement. Prior to its termination, the Company recognized revenue from the Amgen Agreement according to ASC 606, "Revenues from Contracts with Customers”. The Company recognized no revenue prior to entering into the Amgen Agreement. ASC 606 Revenue from Contracts with Customer introduces a five-step model for recognizing revenue from contracts with customers, as follows: 1. Identify the contract with a customer. 2. Identify the performance obligations in the contract. 3. Determine the transaction price. 4. Allocate the transaction price to the performance obligations in the contract. 5. Recognize revenue when (or as) the entity satisfies a performance obligation. According to ASC 606, a performance obligation is a promise to provide a distinct good or service or a series of distinct goods or services. Goods and services that are not distinct are bundled with other goods or services in the contract until a bundle of goods or services that is distinct is created. A good or service promised to a customer is distinct if the customer can benefit from the good or service either on its own or together with other resources that are readily available to the customer and the entity’s promise to transfer the good or service to the customer is separately identifiable from other promises in the contract. q. Income taxes 1) Deferred taxes Deferred income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is recognized to the extent that it is more likely than not that the deferred taxes will not be realized in the foreseeable future. 2) Uncertainty in income taxes The Company follows a two-step approach in recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the available evidence indicates that it is more likely than not that the position will be sustained based on technical merits. If this threshold is met, the second step is to measure the tax position as the largest amount that has more than a 50% likelihood of being realized upon ultimate settlement. r. Loss per share Basic loss per share is computed on the basis of the net loss, adjusted to recognize the effect of a down-round feature when it is triggered, for the period, divided by the weighted average number of outstanding ordinary shares during the period. Diluted loss per share is based upon the weighted average number of ordinary shares and of ordinary shares equivalents outstanding when dilutive. Ordinary share equivalents include outstanding stock options and warrants, which are included under the treasury stock method when dilutive. The calculation of diluted loss per share does not include options, and warrants, exercisable into an aggregate of 7,458,542 shares and 6,255,235 shares for the years ended December 31, 2023 and 2022, respectively, because the effect would have been anti-dilutive. s. Legal and other contingencies Management applies the guidance in ASC 450-20, “Loss Contingencies” when assessing losses resulting from contingencies. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability is recorded as accrued expenses in the Company’s consolidated financial statements. Legal costs incurred in connection with loss contingencies are expensed as incurred. t. Warrants When the Company issues freestanding instruments, it first analyzes the provisions of ASC 480, “Distinguishing Liabilities From Equity” (“ASC 480”) in order to determine whether the instrument should be classified as a liability, with subsequent changes in fair value recognized in the consolidated statements of operations in each period. If the instrument is not within the scope of ASC 480, the Company further analyzes the provisions of ASC 815-10 in order to determine whether the instrument is considered indexed to the entity’s own stock, and qualifies for classification within equity. All warrants issued by the Company have been classified within stockholders’ equity as “Additional paid-in capital”. u. Newly issued and recently adopted accounting pronouncements: Recently issued accounting pronouncements, not yet adopted In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. This guidance is intended to enhance the transparency and decision-usefulness of income tax disclosures. The amendments in ASU 2023-09 address investor requests for enhanced income tax information primarily through changes to disclosure regarding rate reconciliation and income taxes paid both in the United States and in foreign jurisdictions. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024 on a prospective basis. Early adoption is permitted, with the option to apply the standard retrospectively. The Company is currently evaluating this guidance to determine the impact it may have on its consolidated financial statements disclosures. In November 2023, the FASB issued ASU 2023-07 “Segment Reporting: Improvements to Reportable Segment Disclosures”. This guidance expands public entities’ segment disclosures primarily by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable. The Company is currently evaluating this guidance to determine the impact it may have on its consolidated financial statements disclosures.

OPERATING LEASES

OPERATING LEASES	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
OPERATING LEASES	NOTE 3 - OPERATING LEASES 1) The Company leases office and research and development space under several agreements. The annual lease consideration is a total of $172 and is linked to the Israeli consumer price index. In April 2023, the Company extended the period of the lease agreement for an additional five years, expiring on June 30, 2028, with two options for early termination by the Company subject to a notice period. The annual lease consideration is a total of $180. The Company recorded the related asset and obligation at the present value of lease payments over the expected terms, discounted using the lessee’s incremental borrowing rate, which was 13.84%. The Company lease agreements do not provide a readily determinable implicit rate. Therefore, the Company estimated the incremental borrowing rate to discount the lease payments based on information available at lease commencement. As of December 31, 2023, the Company provided bank guarantees of approximately $52, in the aggregate, to secure the fulfillment of its obligations under the lease agreements. 2) The Company has entered into operating lease agreements for vehicles used by its employees. The lease periods are generally for three years, and the payments are linked to the Israeli consumer price index. To secure the terms of the lease agreement, the Company has made certain deposits to the leasing company, representing approximately three months of lease payments. The annual lease consideration is a total of $22. The lease cost was as follows: Year ended December 31, 2023 Year ended December 31, 2022 Operating lease cost 196 197 Supplemental cash flow information related to leases was as follows: Year ended December 31, 2023 Year ended December 31, 2022 Operating cash flows from operating leases 196 197 Supplemental balance sheet information related to operating leases was as follows: December 31, 2023 December 31, 2022 Operating Leases Operating lease right-of-use assets 388 90 Current lease liabilities 134 91 Non-current lease liabilities 256 Total lease liabilities 390 91 Weighted-average remaining lease term (in years) 2.5 0.52 Weighted-average discount rate 14 % 16 % As of December 31, 2023, the maturity of lease liabilities under our non-cancelable operating leases are $390 to be paid in 2024- 2026. As of December 31, 2023, the maturity of lease liabilities under our non-cancelable operating leases were as follows: 2024 184 2025 184 2026 86 Total future minimum lease payments 454 Less: interest (64 ) Present value of operating lease liabilities 390

COMMITMENTS AND CONTINGENCIES

COMMITMENTS AND CONTINGENCIES	12 Months Ended
	Dec. 31, 2023
Commitments and Contingencies Disclosure [Abstract]
COMMITMENTS AND CONTINGENCIES	NOTE 4 - COMMITMENTS AND CONTINGENCIES a . Commitment to pay royalties to the government of Israel The Company is committed to pay royalties to the Israel Innovation Authority (the “IIA”) on proceeds from sales of products for which the government provided grants with respect to the research and development underlying such products. At the time the grants were received, successful development of the related project was not assumed. In the case of failure of the project that was partly financed by the IIA, the Company is not obligated to pay any such royalties. Under the terms of the Company’s funding from the IIA, royalties are payable on sales of products developed from IIA funded projects in the amount of 3% of sales during the first three years following commencement of revenues, 4% during the subsequent three years and 5% commencing the seventh year up to 100% of the amount of the grant received by the Company (dollar linked) plus annual interest based on SOFR. The interest had been based on LIBOR and it changed to SOFR. The amount that must be repaid may be increased to three times the amount of the grant received, and the rate of royalties may be accelerated, if manufacturing of the products developed with the grant money is transferred outside of the State of Israel. In addition, if the Company undergoes a change of control or otherwise transfers the technology “know-how” (as defined under the Research Law) in or outside of Israel, the amount that must be repaid will be increased up to six times. As of December 31, 2023, the total royalty amount that would be payable by the Company to the IIA, before interest and potential increases as described above, was approximately $460. These grants were allocated to research and development in prior periods. Following the signing of the Amgen Agreement, the IIA determined that the Company was required to pay 5.38% of each payment received by the Company from Amgen under the agreement in an amount up to six times the grant received. As of December 31, 2023, the Company had paid a total of $83 to the IIA. As of December 31, 2023, we had liability of $13 thousand to the IIA, which were paid in February 2024. b. On June 1, 2010, D.N.A. Biomedical Solutions Ltd. ("D.N.A.") and Oramed Ltd., ("Oramed") entered into a joint venture agreement, (the "Joint Venture Agreement") for the establishment of Entera Bio Ltd. According to the Joint Venture Agreement each of D.N.A. and Oramed acquired 50% of the Company's ordinary shares. D.N.A invested $600 in the Company, and Oramed and the Company entered into a Patent License Agreement pursuant to which Oramed licensed to the Company one of Oramed’s patents (the “IPR&D”). On February 22, 2011, Oramed and the Company entered into a patent transfer agreement, (the "Patent Transfer Agreement") that superseded the Patent License Agreement, whereby Oramed assigned to the Company all of its rights, title and interest to its patent that Oramed licensed to the Company in 2010, under certain conditions. Under this agreement, the Company is obligated to pay Oramed royalties equal to 3% of its net revenues (as defined in the Patent Transfer Agreement). c. In September 2023, the Company entered into a research collaboration agreement with OPKO Biologics, Inc., a subsidiary of OPKO. Under the terms of this agreement, OPKO has agreed to supply its proprietary long-acting GLP-2 peptide and certain Oxyntomodulin (OXM) analogs for the development of oral tablet formulations using the Company’s proprietary oral delivery technology. The Company and OPKO have each agreed to be responsible for specific phases of development of the two oral peptides to the point of demonstrated in vivo feasibility. Work under this agreement commenced in the fourth quarter of 2023; therefore there was no material financial impact as of December 31, 2023.

SHARE CAPITAL

SHARE CAPITAL	12 Months Ended
	Dec. 31, 2023
Stockholders' Equity Note [Abstract]
SHARE CAPITAL	NOTE 5 - SHARE CAPITAL 1) Rights of the Company’s ordinary shares Each ordinary share is entitled to one vote. The holder of an ordinary shares is also entitled to receive dividends whenever funds are legally available, when and if declared by the Board of Directors. A holder of an ordinary share also has the right to receive upon liquidation of the Company, a sum equal to the nominal value of such share, and if a surplus per share remains, to receive such surplus, subject to the rights conferred on any class of shares which may be issued in the future. Since its inception, the Company has not declared any dividends. 2) Changes in share capital: a. In connection with the Company’s initial public offering (“IPO”) in July 2018, the Company issued 1,400,000 IPO warrants to purchase 700,000 ordinary shares, and these warrants were listed for trading on Nasdaq Capital Market (“Nasdaq”) on August 12, 2018. The IPO warrants were immediately exercisable at an initial exercise price of $8.40 per ordinary share for a period of five years, unless earlier repurchased by the Company as described in the warrant agreement. The IPO warrants expired on July 2, 2023, in accordance with their original terms, and Nasdaq removed them from listing. b. On September 2, 2022, the Company entered into a sales agreement with SVB Securities LLC, as sales agent, to implement an ATM program under which the Company may from time to time offer and sell up to 5,000,000 Ordinary Shares (the “SVB ATM Program”). During c. On December 20, 2023, the Company entered into a securities purchase agreement in connection with a private offering (the "2023 PIPE") with certain existing and new investors, including the Company's Chairman of the Board and the Chief Executive Officer (collectively, the "Investors") for the private placement of 7,916,879 units at a purchase price of $0.835 per unit, each unit consisting of (i) one ordinary share and (ii) one warrant to purchase one ordinary share (each an “ Investor Warrant”). The Company received aggregate proceeds of approximately $6.6 million before expenses. Certain Investors elected to receive pre-funded warrants (the “Pre-Funded Warrants”) in lieu of ordinary shares, as such warrants may not be exercised if the aggregate number of ordinary shares beneficially owned by the holder thereof would exceed 4.99% or 9.99%, as applicable, immediately after exercise thereof. The 2023 PIPE closed on December 22, 2023, and the Company issued 6,662,389 ordinary shares, 1,254,490 Pre-Funded Warrants and 7,916,879 Investors Warrants. Each Pre-Funded Warrant has an exercise price of NIS 0.0000769 per ordinary share, is immediately exercisable and may be exercised at any time and has no expiration date and is subject to customary adjustments. Each Investor Warrant has an exercise price of $1.00 per share, is immediately exercisable, and expires five years from the date of issuance, and is subject to customary adjustments. The Company accounted for the Investors Warrant as a component of permanent equity, as part of Additional Paid in Capital. The Investor Warrants are considered a separate instrument and they are indexed to the entity’s own stock based on the provision of ASC 815. The Chairman of the Board and the Chief Executive Officer participated in the 2023 PIPE on the same terms and subject to the same conditions as all other Investors. In connection therewith, the Company entered into a placement agency agreement with a registered U.S. broker-dealer (the “Broker”), pursuant to which the Broker was entitled to the following consideration: 1. A cash fee equal to 10% of the total proceeds paid by subscribers introduced by the Broker. 2. A cash fee equal to 5% of the total proceeds paid by other subscribers that participated in the private placement. 3. Five-year warrants to purchase 487,496 ordinary shares, representing 10% of the ordinary shares issued to subscribers introduced by the Broker, at a per share exercise price of $0.71 (the “Broker Warrants”). In addition, the Company entered into a finder agreement with a private non-U.S. finder (the “Finder”), pursuant to which the Finder was entitled to a cash fee equal to 5% of total proceeds paid by subscribers introduced by the Finder, as well as five-year warrants to purchase 179,640 ordinary shares, representing 10% of the ordinary shares issued to the subscribers introduced by the Finder, at a per share exercise price of $0.71 (the “Finder Warrants”). The . The Company had transaction costs of approximately $1.0 million, out of which $267 was stock-based compensation expenses due to issuance of Broker Warrants and Finder Warrants.

SHARE-BASED COMPENSATION

SHARE-BASED COMPENSATION	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
SHARE-BASED COMPENSATION	NOTE 6 - SHARE-BASED COMPENSATION 1) Share-based compensation plan On March 17, 2013, the Company's Board of Directors approved a Share Incentive Plan (the “2013 Plan”). Under the 2013 Plan, the Company reserves specified number of ordinary shares for allocation to stock options (each, an “Option”), restricted share units, restricted share awards and performance-based awards, that had been awarded to employees and non-employees under the 2013 Plan. Each Option is exercisable for one ordinary share. Any Option granted under the 2013 Plan that is not exercised within six years from the date upon which it becomes exercisable will expire. Since adopting the 2018 Plan (as defined below), the Company has not granted any awards under the 2013 Plan. On July 2, 2018, the Company's Board of Directors and shareholders of the Company approved a new Share Incentive Plan (the “2018 Plan”) and reserved 1,371,398 ordinary shares for allocation to stock options (each, a "2018 Plan Option"), restricted share units, restricted share awards and performance-based awards, to employees and non-employees for issuance under the 2018 Plan. Each 2018 Plan Option is exercisable for one ordinary share. Any 2018 Plan Option that is not exercised within 10 years from the date of grant will expire. The 2018 Plan Options granted to employees are subject to the terms stipulated by section 102(b)(2) of the Israeli Income Tax Ordinance (the “Ordinance”). According to these provisions, the Company will not be allowed to claim as an expense for tax purposes the amounts credited to the employees as a capital gain benefit in respect of the options granted. 2018 Plan Options granted to related parties or non-employees of the Company are governed by Section 3(i) of the Ordinance or Non-Qualified Share Options ("NSO"). The Company will be allowed to claim as an expense for tax purposes in the year in which the related parties or non-employees exercised the options into shares. As of December 31, 2023, 638,598 ordinary shares remained available for future grants under the 2018 Plan. On January 1, 2024, the Company’s Board of Directors approved an increase of 1,773,817 ordinary shares that may be issued under the Company’s 2018 Plan pursuant of the terms of the 2018 Plan. 2) share-based compensation grants to employees and directors: a) The below table summarizes the options grants to employees and directors during the years ended December 31, 2023 and 2022: Period Grantee Number of options Exercise price Vesting period Fair value at the grant date Expiration period For the year ended December 31, 2023 Employees and Executive Officers 1,201,000 $0.80 (1) $629 10 years Directors 534,246 $ 0.73 Quarterly over a period of one year $ 253 10 years Directors 33,638 $ 0.89 Quarterly over a period of three years $ 15 10 years Consultant 30,000 $ 0.80 Immediate $ 17 10 years For the year ended December 31, 2022 Employees and Executive Officers 1,455,000 $ 1.40- $2.86 (1) $1,462 10 years Directors 250,964 $ 2.815 Quarterly over a period of one year $ 455 10 years Directors 752,899 $ 2.815 Quarterly over a period of three years $ 1,365 10 years (1) 25% vest on the first anniversary of the date of grant and the remaining 75% of the option vest in twelve equal quarterly installments following the first anniversary of the grant date. b) Upon the occurrence of a Triggering Event (as defined below) and subject to the approval of the Board of Directors, our CEO will be granted additional options to purchases 200,000 ordinary shares. The exercise price will be determined at the time of the Board of Directors’ approval. "Triggering Event" means the earlier of the following events: (i) the execution by the Company of a binding strategic or partnership agreement with a strategic partner to fund the Company's Phase III FDA Trial; or (b) raising sufficient funding to complete the Company's Phase III FDA Trial, in each case as such event is approved by the Board of Directors. As of December 31, 2023, none of these events occurred. c) On July 15, 2022, the Company entered into a mutual separation agreement with the Company’s former Chief Executive Officer, Dr. Jamas. Pursuant to the separation agreement, Dr. Jamas received the following benefits: (i) a one-time lump sum payment of his annual base salary for a period of 13 months, for a total gross amount equal to $412; and (ii) an extension of the exercise period for the vested portion of the options granted on January 4, 2021, based on the award original terms, representing an aggregate of 492,832 ordinary shares, through the end of a two-year period commencing on July 15, 2022. Effective July 15, 2022, upon termination of the employment agreement with Dr. Jamas, the remaining 821,386 unvested options were forfeited and recognized as a reverse of expense of $457 in general and administrative expenses. d) On June 15, 2022, the Company entered into a separation agreement with Dr. Phillip Schwartz, a former executive officer of the Company, under which Dr. Schwartz agreed to continue to provide services to the Company until July 21, 2022 (the “Separation Date”). Pursuant to the terms of the separation agreement, which were approved by the Company’s shareholders on September 7, 2022, Dr. Schwartz received a full acceleration of his unvested options, as of the Separation Date, to purchase 68,750 ordinary shares granted in April 2021 that otherwise would have been forfeited. These options, together with 31,250 already vested options granted in April 2021 and 357,500 already vested options to purchase ordinary shares granted in 2017, will be exercisable for a period of 10 years from their respective initial grant dates. The acceleration described above was recognized as a "Type III" modification; therefore, on the shareholder approval date, the Company recognized the incremental costs of unvested options based on the fair value of the options on such date. In addition, the extension of the exercise period for the vested awards was recognized as a "Type I" modification. The total expense amount was $112 thousand, which was classified as additional share-based compensation costs in the research and development expenses. In addition, the separation agreement provides for the following payments to Dr. Schwartz, all of which would have otherwise been payable in accordance with either Israeli law or pursuant to his existing employment agreement: a one-time cash separation payment in an amount equal to NIS 537,600 (approximately $156) and additional payments of NIS 737,771 (approximately $214) in respect of all other ongoing accrued benefits, subject to any mandatory deductions. The foregoing payments were recognized in the research and development expenses. e) The fair value of each option granted is estimated at the date of grant using the Black-Scholes option-pricing model, with the following weighted average assumptions: 2023 2022 Exercise price $0.73-$0.89 $1.40-$2.86 Dividend yield - - Expected volatility 74%-76% 69%-70.2% Risk-free interest rate 3.58%-4.37% 1.35%-3.36% Expected life - in years 5.3-6.11 5.5-6.5 2023 2022 Number of options Weighted average exercise price Number of options Weighted average exercise price Outstanding at beginning of the year 5,733,087 $ 3.30 4,316,859 $ 3.63 Granted 1,798,884 0.78 2,458,863 2.29 Exercised - - (5,511 ) 2.14 Forfeited (34,313 ) 2.27 (902,009 ) 1.41 Expired (392,244 ) 4.97 (135,115 ) 3.80 Outstanding at end of the year 7,105,414 $ 2.57 5,733,087 $ 3.30 Exercisable at end of the year 4,208,325 $ 3.26 3,165,677 $ 4.06 The following tables summarizes information concerning outstanding and exercisable options as of December 31, 2023, in terms of ordinary shares for which the options may be exercised: December 31, 2023 Options outstanding Options exercisable Number of Weighted Number of Weighted options Average options Average Exercise outstanding Remaining exercisable Remaining prices per at end of Contractual at end of contractual share (USD) Year Life year Life 0.73 534,244 9.01 400,684 9.01 0.79 1,223,000 9.32 - - 0.89 33,638 9.43 - - 1.24 492,831 0.54 492,831 0.54 1.40 600,000 8.54 187,500 8.54 2.02 500,000 8.37 187,500 8.37 2.14 379,900 6.26 356,155 6.26 2.53 33,638 5.89 33,638 5.89 2.57 187,500 8.33 68,562 8.33 2.815 1,003,863 8.01 690,155 8.01 2.86 135,000 8.25 52,187 8.25 3.15 345,000 7.30 184,375 7.30 3.61 237,368 7.27 155,306 7.27 3.68 147,290 3.26 147,290 3.26 3.97 232,552 5.05 232,552 5.05 6.31 1,019,590 3.95 1,019,590 3.95 7,105,414 4,208,325 The aggregate intrinsic value of the total of the outstanding and exercisable options as of December 31, 2023 is $0. The following table illustrates the effect of share-based compensation on the statements of operations: 2023 2022 Cost of revenues - 14 Research and development expenses 424 708 General and administrative 1,265 1,525 1,689 2,247

INCOME TAX

INCOME TAX	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
INCOME TAX	NOTE 7 - INCOME TAX A. Corporate tax rate 1) Ordinary taxable income in Israel is subject to a corporate tax rate of 23%. 2) The Company’s subsidiary Entera Bio, Inc. is taxed separately under the U.S. tax laws at a tax rate of 29% (federal and state tax) B. Losses for tax purposes carried forward to future years The balance of carryforward losses as of December 31, 2023 and 2022 are approximately $75.8 million and $67.1 million, respectively. Under Israeli tax law, tax loss carry-forward have no expiration date. C. Tax assessments The Company and its subsidiary have tax assessments that are considered to be final through tax year 2018. D. Loss (income) before income taxes is composed of the following: Year ended December 31 2023 2022 Entera Bio Ltd. 8,868 12,997 Entera Bio Inc. (8 ) (65 ) Total loss before taxes 8,860 12,934 E. Income tax expense: Year ended December 31 Current: 2023 2022 Subsidiary: - (37 ) Total current income tax - (37 ) Deferred income taxes - subsidiary 29 174 Total deferred income taxes 29 174 Total income tax expense 29 137 F. Deferred income taxes December 31, Deferred tax assets: 2023 2022 Net operating loss carry forward 17,427 15,428 Research and development 983 1,225 Share-based compensation 855 877 Other 220 158 Net deferred tax assets before valuation allowance 19,485 17,688 Valuation allowance (19,471 ) (17,645 ) Net deferred tax assets 14 43 In assessing the likelihood of realizing deferred tax assets, management considers whether it is more likely than not that some portion or all of the deferred tax assets will not be realized. The ultimate realization of deferred tax assets is dependent upon the generation of future taxable income during the periods in which those temporary differences and carry forward losses become deductible. Based on the taxable loss in the Israel, management believes it was more likely than not that the deferred tax assets will not be realized in the Israel and believes it was more likely than not that deferred tax assets will be realized for the U.S. subsidiary. G. Roll-forward of valuation allowance: Balance at January 1, 2022 15,025 Additions 2,620 Balance at January 1, 2023 17,645 Additions 1,826 Balance at December 31, 2023 19,471 H. Reconciliation of theoretical tax expenses to actual expenses The primary difference between the statutory tax rate of the Company and the effective rate results virtually from the changes in valuation allowance in respect of carry forward tax losses and research and development expenses due to the uncertainty of the realization of such tax benefits. I. Uncertain tax positions As of December 31, 2023 and 2022, the Company does not have a provision for uncertain tax positions as existing uncertain tax positions as, based on the technical merits, they are not more likely than not to be sustained.

SUPPLEMENTARY FINANCIAL STATEME

SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION	12 Months Ended
	Dec. 31, 2023
Supplementary Financial Statement Information [Abstract]
SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION	NOTE 8 - SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION: Balance sheets: December 31, 2023 2022 Accrued expenses and other payables: Employees and employees related 159 154 Provision for vacation 215 146 Accrued expenses 500 933 874 1,233

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	12 Months Ended
	Dec. 31, 2023
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 9 - SUBSEQUENT EVENTS a. On January 1, 2024, an aggregate of 758,331 options to purchase ordinary shares were granted to seven non-executive board members with an exercise price of $0.60 per share. The options will vest over one year in four equal quarterly installments starting on January 1, 2024. This grant was approved by the shareholders of the Company on October 4, 2021. b . On February 1, 2024, the Company entered into a consulting agreement. Under the terms of the agreement, the Company agreed to pay a monthly fee of $5 and to issue the consultant 25,000 RSUs. The RSUs vest over five months in five equal monthly installments starting on February 1, 2024. c. On February 15, 2024, the Company entered into an investor relations consulting agreement. Under the terms of the agreement, the Company agreed to issue the consultant 50,000 RSUs. The RSUs vest over five months in five equal monthly installments starting on February 15, 2024.

Pay vs Performance Disclosure

Pay vs Performance Disclosure - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Pay vs Performance Disclosure
Net Income (Loss)	$ (8,889)	$ (13,071)

Insider Trading Arrangements

Insider Trading Arrangements	12 Months Ended
	Dec. 31, 2023
Trading Arrangements, by Individual
Material Terms of Trading Arrangement	During the quarter ended December 31, 2023, none of our officers or directors adopted or terminated any contract, instruction or written plan for the purchase or sale of our securities that was intended to satisfy the affirmative defense conditions of Rule 10b5-1(c) under the Exchange Act or any “non-Rule 10b5-1 trading arrangement”, as defined in Item 408 of Regulation S-K.
Title	officers or directors
Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Adopted	false
Non-Rule 10b5-1 Arrangement Terminated	false

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Basis of presentation of the financial statements	a. Basis of presentation of the financial statements The consolidated financial statements have been prepared in accordance with generally accepted accounting principles in the United States (“U.S. GAAP”).
Use of estimates in the preparation of financial statements	b. Use of estimates in the preparation of financial statements The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting period. Actual results may differ from those estimates.
Functional currency	c. Functional currency 1) Functional and presentation currency Items included in the financial statements of the Company are measured using the currency of the primary economic environment in which the entity operates (the “functional currency”). The U.S. dollar is the currency of the primary economic environment in which the operations of the Company are conducted. The consolidated financial statements are presented in U.S. dollars. The functional currency of the subsidiary is the U.S. dollar. 2) Transactions and balances Transactions and balances originally denominated in U.S. dollars are presented at their original amounts. Balances in non- U.S. dollar currencies are translated into U.S. dollars using historical and current exchange rates for non-monetary and monetary balances, respectively. For non-U.S. dollar transactions and other items in the statements of income (indicated below), the following exchange rates are used: (i) for transactions – exchange rates at transaction dates or average exchange rates; and (ii) for other items (derived from non-monetary balance sheet items such as depreciation and amortization) – historical exchange rates. Currency transaction gains and losses are presented in financial income (expenses), as appropriate.
Principles of consolidation	d. Principles of consolidation The consolidated financial statements include the accounts of the Company and its subsidiary Entera Bio Inc. All inter-company transactions and balances have been eliminated in consolidation.
Cash and cash equivalents	e. Cash and cash equivalents The Company considers as cash equivalents all short-term, highly liquid investments, which include short-term bank deposits with original maturities of three months or less from the date of purchase that are not restricted as to withdrawal or use and are readily convertible to known amounts of cash.
Bank deposits	f. Bank deposits Bank deposits with original maturity dates of more than three months but less than one year are included in short-term deposits. Such short-term deposits bore interest at an average annual rate of approximately 6% for the year ended December 31, 2023. Bank deposits with maturity of more than one year are considered long-term.
Restricted cash	g. Restricted cash Restricted cash deposited in an interest-bearing saving account which is used as a security for the Company's office rent and credit card.
Concentrations of credit risk	h. Concentrations of credit risk Financial instruments that potentially subject the Company to significant concentrations of credit risk consist primarily of cash and cash equivalents. The Company maintains cash held in checking accounts and deposits at financial institutions in major Israeli and U.S. banks. Management believes the Company is not exposed to significant credit risk to its current financial institution, but will continue to monitor regularly and adjust, if needed, to mitigate risk. The Company has established guidelines regarding diversification of its investments and their maturities, which are designed to maintain principal and maximize liquidity. To date, the Company has not experienced any losses associated with this credit risk and continues to believe that this exposure is not significant.
Fair value measurement	i. Fair value measurement The Company measures fair value and discloses fair value measurements for financial assets and liabilities. Fair value is based on the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The accounting standard establishes a fair value hierarchy that prioritizes observable and unobservable inputs used to measure fair value into three broad levels, which are described below: Level 1: Quoted prices (unadjusted) in active markets that are accessible at the measurement date for assets or liabilities. The fair value hierarchy gives the highest priority to Level 1 inputs. Level 2: Observable inputs that are based on inputs not quoted on active markets but corroborated by market data. Level 3: Unobservable inputs are used when little or no market data is available. The fair value hierarchy gives the lowest priority to Level 3 inputs.
Employee severance benefits	j. Employee severance benefits Under the Israeli Severance Pay Law, 1963, the Company is required to make severance payments upon dismissal of an Israeli employee or upon termination of employment in certain other circumstances. The severance payment liability to the employees located in Israel (based upon length of service and the latest monthly salary - one month’s salary for each year employed) is recorded on the Company’s balance sheet under “Liability for employee rights upon retirement.” The liability is recorded as if it had been payable at each balance sheet date on an undiscounted basis. In accordance with Section 14 of the Israeli Severance Pay Law, 1963, the Company makes regular deposits with certain insurance companies for accounts controlled by each applicable employee in order to secure the employee’s retirement benefit obligation. The Company is fully relieved from any severance pay liability with respect to each such employee after it makes the payments on behalf of the employee. The liability accrued in respect of these employees and the amounts funded, as of the respective agreement dates, are not reflected in the Company balance sheet, as the amounts funded are not under the control and management of the Company and the pension or severance pay risks have been irrevocably transferred to the applicable insurance companies (the “Contribution Plan”). For periods prior to December 2013, the liability was funded in part from the purchase of insurance policies or by the establishment of pension funds with dedicated deposits in the funds. The amounts used to fund these liabilities are included in the balance sheets under “Funds in respect of employee rights upon retirement”. These policies are the Company’s assets. The amounts of severance payment expenses were $128 and $132 for the years ended December 31, 2023 and 2022, respectively. The Company expects to contribute to insurance companies approximately $128 for the year ending December 31, 2024 in connection with its expected severance liabilities for that year.
Leases	k. Leases The Company determines if an arrangement is a lease at inception. Balances related to operating leases are included in operating lease right-of-use (“ROU”) assets and current and non-current operating lease liabilities in the consolidated balance sheets. ROU assets represent the Company’s right to use an underlying asset for the lease term and lease liabilities represent the Company’s obligation to make lease payments arising from the lease. Operating lease ROU assets and liabilities are recognized as of the commencement date based on the present value of lease payments over the lease term. Lease terms will include options to extend or terminate the lease when it is reasonably certain that the Company will either exercise or not exercise the option to renew or terminate the lease. The discount rate for the lease is the rate implicit in the lease unless that rate cannot be readily determined. As the Company’s leases do not provide an implicit rate, the Company’s uses its estimated incremental borrowing rate based on the information available at the commencement date in determining the present value of lease payments. Lease expense for lease payments is recognized on a straight-line basis over the lease term. Sublease income is recognized on a straight-line basis over the expected lease term and is included in other income in our consolidated statements of operations.
Property and equipment	l. Property and equipment 1) Property and equipment are stated at cost, net of accumulated depreciation and amortization. 2) The Company’s property and equipment are depreciated using the straight-line method, which approximates the pattern of usage, over the term of the estimated useful life, as follows: Years Computer equipment 3-5 Office furniture 10 Laboratory equipment 7-10 Leasehold improvements are amortized by the straight-line method over the shorter of (i) the expected lease term and (ii) the estimated useful life of the improvements.
Impairment of long-lived assets	m. Impairment of long-lived assets The Company tests long-lived assets for impairment whenever events or changes in circumstances indicate that the carrying amount of an asset may no longer be recoverable. Recoverability of long-lived assets is measured by comparing the carrying amount of the long-lived asset to the estimated undiscounted future cash flows expected to be generated by the asset. If the sum of the expected undiscounted cash flow is less than the carrying amount of the asset, the Company recognizes an impairment loss, which is the excess of the carrying amount over the fair value of the asset, using the expected future discounted cash flows As of December 31, 2023 and 2022, the Company did not recognize an impairment loss on its long-lived assets.
Share-based compensation	n. Share-based compensation The Company grants share options and restricted share units (“RSU”) (together “Share-Based Compensation”) to its employees, directors and non-employees in consideration for services rendered. The Company accounts for Share-Based Compensation awards classified as equity awards, including share-based option awards and RSUs, using grant-date fair value. The Company recognize the value of the award as an expense over the requisite service period. The Company applies ASU 2018-07 (Topic 718) that expands the scope of Topic 718 to include Share-Based Compensation transactions for acquiring goods and services from non-employees. Under the provision of the amendment, the Company measures share-based compensation to non-employees in the same manner as share-based compensation to employees. The Company calculates the fair value of stock-based option awards on the date of grant using the Black-Scholes option pricing model. The option-pricing model requires a number of assumptions, of which the most significant are the expected share price volatility and the expected option term. The computation of expected volatility is based on the historical volatility of the Company’s ordinary shares. The expected option term is calculated using the simplified method, as the Company has concluded that its historical share option exercise experience does not provide a reasonable basis to estimate expected option terms. The interest rate for periods within the expected term of an award is based on the U.S. Treasury yield curve in effect at the time of grant. The Company’s expected dividend rate is zero because the Company does not currently pay cash dividends on its shares and does not anticipate doing so in the foreseeable future. The Company elected to recognize compensation costs for awards granted to employees and directors conditioned only on continued service that have a graded vesting schedule using the accelerated method based on the multiple-option award approach. The Company has elected to account for forfeitures as they occur.
Research and development expenses	o. Research and development expenses Research and development expenses include costs directly attributable to the conduct of research and development programs, including the cost of salaries, share-based compensation expenses, payroll taxes and other employee benefits, lab expenses, consumable equipment and consulting fees. All costs associated with research and development are expensed as incurred.
Revenue recognition	p. Revenue recognition On December 10, 2018, the Company entered into a research collaboration and license agreement with Amgen (the “Amgen Agreement”) for the use of the Company’s oral delivery platform in the field of inflammatory disease and other serious illnesses. Pursuant to the Amgen Agreement, the Company and Amgen had agreed to use the Company’s proprietary drug delivery platform to develop oral formulations for one preclinical large molecule program that Amgen had selected. Additionally, the Company had granted Amgen an exclusive, worldwide, sublicensable license under certain of its intellectual property relating to its drug delivery technology to develop, manufacture and commercialize the applicable products. On May 2, 2023, the Company and Amgen agreed to terminate the Amgen Agreement in accordance with its terms, effective on such date. Neither party incurred any termination penalty or fees in connection with the termination of the Amgen Agreement. Prior to its termination, the Company recognized revenue from the Amgen Agreement according to ASC 606, "Revenues from Contracts with Customers”. The Company recognized no revenue prior to entering into the Amgen Agreement. ASC 606 Revenue from Contracts with Customer introduces a five-step model for recognizing revenue from contracts with customers, as follows: 1. Identify the contract with a customer. 2. Identify the performance obligations in the contract. 3. Determine the transaction price. 4. Allocate the transaction price to the performance obligations in the contract. 5. Recognize revenue when (or as) the entity satisfies a performance obligation. According to ASC 606, a performance obligation is a promise to provide a distinct good or service or a series of distinct goods or services. Goods and services that are not distinct are bundled with other goods or services in the contract until a bundle of goods or services that is distinct is created. A good or service promised to a customer is distinct if the customer can benefit from the good or service either on its own or together with other resources that are readily available to the customer and the entity’s promise to transfer the good or service to the customer is separately identifiable from other promises in the contract.
Income taxes	q. Income taxes 1) Deferred taxes Deferred income taxes are computed using the asset and liability method. Under the asset and liability method, deferred income tax assets and liabilities are determined based on the differences between the financial reporting and tax bases of assets and liabilities and are measured using the currently enacted tax rates and laws. A valuation allowance is recognized to the extent that it is more likely than not that the deferred taxes will not be realized in the foreseeable future. 2) Uncertainty in income taxes The Company follows a two-step approach in recognizing and measuring uncertain tax positions. The first step is to evaluate the tax position for recognition by determining if the available evidence indicates that it is more likely than not that the position will be sustained based on technical merits. If this threshold is met, the second step is to measure the tax position as the largest amount that has more than a 50% likelihood of being realized upon ultimate settlement.
Loss per share	r. Loss per share Basic loss per share is computed on the basis of the net loss, adjusted to recognize the effect of a down-round feature when it is triggered, for the period, divided by the weighted average number of outstanding ordinary shares during the period. Diluted loss per share is based upon the weighted average number of ordinary shares and of ordinary shares equivalents outstanding when dilutive. Ordinary share equivalents include outstanding stock options and warrants, which are included under the treasury stock method when dilutive. The calculation of diluted loss per share does not include options, and warrants, exercisable into an aggregate of 7,458,542 shares and 6,255,235 shares for the years ended December 31, 2023 and 2022, respectively, because the effect would have been anti-dilutive.
Legal and other contingencies	s. Legal and other contingencies Management applies the guidance in ASC 450-20, “Loss Contingencies” when assessing losses resulting from contingencies. If the assessment of a contingency indicates that it is probable that a material loss has been incurred and the amount of the liability can be estimated, then the estimated liability is recorded as accrued expenses in the Company’s consolidated financial statements. Legal costs incurred in connection with loss contingencies are expensed as incurred.
Warrants	t. Warrants When the Company issues freestanding instruments, it first analyzes the provisions of ASC 480, “Distinguishing Liabilities From Equity” (“ASC 480”) in order to determine whether the instrument should be classified as a liability, with subsequent changes in fair value recognized in the consolidated statements of operations in each period. If the instrument is not within the scope of ASC 480, the Company further analyzes the provisions of ASC 815-10 in order to determine whether the instrument is considered indexed to the entity’s own stock, and qualifies for classification within equity. All warrants issued by the Company have been classified within stockholders’ equity as “Additional paid-in capital”.
Newly issued and recently adopted accounting pronouncements	u. Newly issued and recently adopted accounting pronouncements: Recently issued accounting pronouncements, not yet adopted In December 2023, the FASB issued ASU 2023-09 “Income Taxes (Topic 740): Improvements to Income Tax Disclosures”. This guidance is intended to enhance the transparency and decision-usefulness of income tax disclosures. The amendments in ASU 2023-09 address investor requests for enhanced income tax information primarily through changes to disclosure regarding rate reconciliation and income taxes paid both in the United States and in foreign jurisdictions. ASU 2023-09 is effective for fiscal years beginning after December 15, 2024 on a prospective basis. Early adoption is permitted, with the option to apply the standard retrospectively. The Company is currently evaluating this guidance to determine the impact it may have on its consolidated financial statements disclosures. In November 2023, the FASB issued ASU 2023-07 “Segment Reporting: Improvements to Reportable Segment Disclosures”. This guidance expands public entities’ segment disclosures primarily by requiring disclosure of significant segment expenses that are regularly provided to the chief operating decision maker and included within each reported measure of segment profit or loss, an amount and description of its composition for other segment items, and interim disclosures of a reportable. The Company is currently evaluating this guidance to determine the impact it may have on its consolidated financial statements disclosures.

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2023
Accounting Policies [Abstract]
Schedule of estimated useful life	Years Computer equipment 3-5 Office furniture 10 Laboratory equipment 7-10

OPERATING LEASES (Tables)

OPERATING LEASES (Tables)	12 Months Ended
	Dec. 31, 2023
Leases [Abstract]
Schedule of lease cost	Year ended December 31, 2023 Year ended December 31, 2022 Operating lease cost 196 197
Schedule of operating lease cashflow information	Year ended December 31, 2023 Year ended December 31, 2022 Operating cash flows from operating leases 196 197
Schedule of operating lease liability and operating lease right-of-use asset	December 31, 2023 December 31, 2022 Operating Leases Operating lease right-of-use assets 388 90 Current lease liabilities 134 91 Non-current lease liabilities 256 Total lease liabilities 390 91 Weighted-average remaining lease term (in years) 2.5 0.52 Weighted-average discount rate 14 % 16 %
Schedule of maturities of undiscounted lease liabilities	2024 184 2025 184 2026 86 Total future minimum lease payments 454 Less: interest (64 ) Present value of operating lease liabilities 390

SHARE-BASED COMPENSATION (Table

SHARE-BASED COMPENSATION (Tables)	12 Months Ended
	Dec. 31, 2023
Share-Based Payment Arrangement [Abstract]
Schedule of share-based compensation options grants to employees and directors	Period Grantee Number of options Exercise price Vesting period Fair value at the grant date Expiration period For the year ended December 31, 2023 Employees and Executive Officers 1,201,000 $0.80 (1) $629 10 years Directors 534,246 $ 0.73 Quarterly over a period of one year $ 253 10 years Directors 33,638 $ 0.89 Quarterly over a period of three years $ 15 10 years Consultant 30,000 $ 0.80 Immediate $ 17 10 years For the year ended December 31, 2022 Employees and Executive Officers 1,455,000 $ 1.40- $2.86 (1) $1,462 10 years Directors 250,964 $ 2.815 Quarterly over a period of one year $ 455 10 years Directors 752,899 $ 2.815 Quarterly over a period of three years $ 1,365 10 years (1) 25% vest on the first anniversary of the date of grant and the remaining 75% of the option vest in twelve equal quarterly installments following the first anniversary of the grant date.
Schedule of fair value assumptions of option granted using Black-Scholes option-pricing model	2023 2022 Exercise price $0.73-$0.89 $1.40-$2.86 Dividend yield - - Expected volatility 74%-76% 69%-70.2% Risk-free interest rate 3.58%-4.37% 1.35%-3.36% Expected life - in years 5.3-6.11 5.5-6.5
Schedule of option activity	2023 2022 Number of options Weighted average exercise price Number of options Weighted average exercise price Outstanding at beginning of the year 5,733,087 $ 3.30 4,316,859 $ 3.63 Granted 1,798,884 0.78 2,458,863 2.29 Exercised - - (5,511 ) 2.14 Forfeited (34,313 ) 2.27 (902,009 ) 1.41 Expired (392,244 ) 4.97 (135,115 ) 3.80 Outstanding at end of the year 7,105,414 $ 2.57 5,733,087 $ 3.30 Exercisable at end of the year 4,208,325 $ 3.26 3,165,677 $ 4.06
Schedule of outstanding and exercisable options of ordinary shares	December 31, 2023 Options outstanding Options exercisable Number of Weighted Number of Weighted options Average options Average Exercise outstanding Remaining exercisable Remaining prices per at end of Contractual at end of contractual share (USD) Year Life year Life 0.73 534,244 9.01 400,684 9.01 0.79 1,223,000 9.32 - - 0.89 33,638 9.43 - - 1.24 492,831 0.54 492,831 0.54 1.40 600,000 8.54 187,500 8.54 2.02 500,000 8.37 187,500 8.37 2.14 379,900 6.26 356,155 6.26 2.53 33,638 5.89 33,638 5.89 2.57 187,500 8.33 68,562 8.33 2.815 1,003,863 8.01 690,155 8.01 2.86 135,000 8.25 52,187 8.25 3.15 345,000 7.30 184,375 7.30 3.61 237,368 7.27 155,306 7.27 3.68 147,290 3.26 147,290 3.26 3.97 232,552 5.05 232,552 5.05 6.31 1,019,590 3.95 1,019,590 3.95 7,105,414 4,208,325
Schedule of of share-based compensation on statements of operations	2023 2022 Cost of revenues - 14 Research and development expenses 424 708 General and administrative 1,265 1,525 1,689 2,247

INCOME TAX (Tables)

INCOME TAX (Tables)	12 Months Ended
	Dec. 31, 2023
Income Tax Disclosure [Abstract]
Schedule of loss (income) before income taxes	Year ended December 31 2023 2022 Entera Bio Ltd. 8,868 12,997 Entera Bio Inc. (8 ) (65 ) Total loss before taxes 8,860 12,934
Schedule of tax expenses	Year ended December 31 Current: 2023 2022 Subsidiary: - (37 ) Total current income tax - (37 ) Deferred income taxes - subsidiary 29 174 Total deferred income taxes 29 174 Total income tax expense 29 137
Schedule of deferred income taxes	December 31, Deferred tax assets: 2023 2022 Net operating loss carry forward 17,427 15,428 Research and development 983 1,225 Share-based compensation 855 877 Other 220 158 Net deferred tax assets before valuation allowance 19,485 17,688 Valuation allowance (19,471 ) (17,645 ) Net deferred tax assets 14 43
Schedule of rollforward of valuation allowance	Balance at January 1, 2022 15,025 Additions 2,620 Balance at January 1, 2023 17,645 Additions 1,826 Balance at December 31, 2023 19,471

SUPPLEMENTARY FINANCIAL STATE_2

SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Tables)	12 Months Ended
	Dec. 31, 2023
Supplementary Financial Statement Information [Abstract]
Schedule of accounts payable and accrued liabilities	December 31, 2023 2022 Accrued expenses and other payables: Employees and employees related 159 154 Provision for vacation 215 146 Accrued expenses 500 933 874 1,233

GENERAL (Detail Textuals)

GENERAL (Detail Textuals) $ in Thousands	Dec. 31, 2023 ₪ / shares	Dec. 31, 2023 USD ($)	Dec. 31, 2022 ₪ / shares	Dec. 31, 2022 USD ($)
General [Line Items]
Ordinary share, par value | ₪ / shares	₪ 0.0000769		₪ 0.0000769
Accumulated deficit | $		$ (104,386)		$ (95,497)

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES (Details)	Dec. 31, 2023
Computer equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	3 years
Computer equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	5 years
Office furniture [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years
Laboratory equipment [Member] | Minimum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	7 years
Laboratory equipment [Member] | Maximum [Member]
Property, Plant and Equipment [Line Items]
Estimated useful life	10 years

SIGNIFICANT ACCOUNTING POLICI_5

SIGNIFICANT ACCOUNTING POLICIES (Detail Textuals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Significant Accounting Policies [Line Items]
Severance payment expenses	$ 128	$ 132
Severance expenses	$ 128
Number of antidilutive securities excluded from computation of earnings per share	7,458,542	6,255,235

OPERATING LEASES (Details)

OPERATING LEASES (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating lease cost	$ 196	$ 197

OPERATING LEASES (Details 1)

OPERATING LEASES (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
Operating cash flows from operating leases	$ 196	$ 197

OPERATING LEASES (Details 2)

OPERATING LEASES (Details 2) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Operating Leases
Operating lease right-of-use assets	$ 388	$ 90
Current lease liabilities	134	91
Non-current lease liabilities	256	0
Total lease liabilities	$ 390	$ 91
Weighted-average remaining lease term (in years)	2 years 6 months	6 months 7 days
Weighted-average discount rate	14%	16%

OPERATING LEASES (Details 3)

OPERATING LEASES (Details 3) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Leases [Abstract]
2024	$ 184
2025	184
2026	86
Total future minimum lease payments	454
Less: interest	(64)
Present value of operating lease liabilities	$ 390	$ 91

OPERATING LEASES (Detail Textua

OPERATING LEASES (Detail Textuals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Lessee, Lease, Description [Line Items]
Annual lease consideration	$ 180
Percentage of lessee’ incremental borrowing rate	13.84%
Maturity of lease liabilities under our non-cancelable operating leases to be paid in 2023	$ 390	$ 91
Operating lease agreements for office and research and development space [Member]
Lessee, Lease, Description [Line Items]
Annual lease consideration	172
Value of bank guarantees provided	52
Operating lease agreements for vehicles for employees [Member]
Lessee, Lease, Description [Line Items]
Annual lease consideration	$ 22

COMMITMENTS AND CONTINGENCIES (

COMMITMENTS AND CONTINGENCIES (Detail Textuals) $ in Thousands	12 Months Ended
	Dec. 31, 2023 USD ($)
Patent Transfer Agreement [Member]
Commitments [Line Items]
Percentage of net revenues	3%
D.N.A Biomedical Solutions Ltd [Member] | Joint Venture Agreement [Member]
Commitments [Line Items]
Amount of investment in entity	$ 600
D. N. A Biomedical Solutions Ltd And Oramed Ltd [Member] | Joint Venture Agreement [Member]
Commitments [Line Items]
Percentage of ownership of entity acquired	50%
Government of Israel [Member]
Commitments [Line Items]
Percentage sales of products developed from projects in first three years, from commencement of revenues	3%
Percentage sales of products developed from projects subsequent three years	4%
Percentage sales of products developed from projects commencing the seventh year up to 100% of amount of grant received	5%
Total royalty amount payable	$ 460
Percentage of each payment received from Amgen	5.38%
Royalty amount paid	$ 83
Liability of royalty payment	$ 13

SHARE CAPITAL (Detail Textuals)

SHARE CAPITAL (Detail Textuals)	1 Months Ended			12 Months Ended
	Dec. 20, 2023 ₪ / shares shares	Dec. 20, 2023 USD ($) $ / shares shares	Jul. 31, 2018 $ / shares shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($)	Dec. 22, 2023 shares	Sep. 02, 2022 shares
Stockholders Equity Note [Line Items]
Stock-based compensation expenses | $				$ 1,689,000	$ 2,247,000
SVB Securities LLC [Member] | ATM Program [Member]
Stockholders Equity Note [Line Items]
Number of shares issued							5,000,000
Warrant [Member] | Investor [Member]
Stockholders Equity Note [Line Items]
Number of warrants issued						6,662,389
Warrant exercise price per share | $ / shares				$ 1
Term of warrants issued				5 years
Pre Funded Warrants [Member] | Investor [Member]
Stockholders Equity Note [Line Items]
Number of warrants issued						1,254,490
Warrant exercise price per share | ₪ / shares	₪ 0.0000769
Investors Warrants [Member] | Investor [Member]
Stockholders Equity Note [Line Items]
Number of warrants issued						7,916,879
Broker Warrants [Member] | Investor [Member]
Stockholders Equity Note [Line Items]
Number of ordinary shares called by warrants				487,496
Warrant exercise price per share | $ / shares				$ 0.71
Term of warrants issued				5 years
Broker Warrants And Finder Warrants [Member]
Stockholders Equity Note [Line Items]
Stock-based compensation expenses | $				$ 267,000
Transaction costs | $				$ 1,000
IPO [Member] | Warrant [Member]
Stockholders Equity Note [Line Items]
Number of warrants issued			1,400,000
Number of ordinary shares called by warrants			700,000
Exercise price of warrants issued | $ / shares			$ 8.4
Term of warrants issued			5 years
Private Placement [Member] | Investor [Member]
Stockholders Equity Note [Line Items]
Warrant exercise price per share | $ / shares		$ 0.835
Proceeds from exercise of warrants | $		$ 6,600,000
Exercise of warrants ordinary shares percentage		4.99%		9.99%
Number of shares issued under private placement	7,916,879	7,916,879
Private Placement [Member] | Broker Warrants [Member] | Investor [Member]
Stockholders Equity Note [Line Items]
Percentage of cash fee				5%
Finder agreement with a private finder [Member]
Stockholders Equity Note [Line Items]
Number of warrants issued				179,640
Warrant exercise price per share | $ / shares				$ 0.71
Percentage of cash fee				5%
Term of warrants issued				5 years
Placement Agency Agreement With Broker Dealer [Member] | Broker Warrants [Member] | Investor [Member]
Stockholders Equity Note [Line Items]
Percentage of cash fee				10%
Ordinary shares [Member]
Stockholders Equity Note [Line Items]
Voting rights of ordinary share				one vote
Ordinary shares [Member] | ATM Program [Member]
Stockholders Equity Note [Line Items]
Number of shares issued				4,030
Net proceeds from share issuance | $				$ 5,000,000
Weighted average price of share issued | $ / shares				$ 1.16

SHARE-BASED COMPENSATION - opti

SHARE-BASED COMPENSATION - options grants to employees and directors (Details) - USD ($) $ / shares in Units, $ in Thousands		12 Months Ended
		Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options		7,105,414	5,733,087	4,316,859
Exercise price		$ 2.57	$ 3.3	$ 3.63
Employees And Executive Officers [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options	[1]	1,201,000	1,455,000
Exercise price	[1]	$ 0.8
Fair value at the grant date	[1]	$ 629	$ 1,462
Expiration period	[1]	10 years
Employees And Executive Officers [Member] | Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise price	[1]		$ 2.86
Employees And Executive Officers [Member] | Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise price	[1]		$ 1.4
Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options		534,246	250,964
Exercise price		$ 0.73	$ 2.815
Vesting period		Quarterly over a period of one year	Quarterly over a period of one year
Fair value at the grant date		$ 253	$ 455
Expiration period		10 years	10 years
Directors One [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options		33,638	752,899
Exercise price		$ 0.89	$ 2.815
Vesting period		Quarterly over a period of three years	Quarterly over a period of three years
Fair value at the grant date		$ 15	$ 1,365
Expiration period		10 years	10 years
Consultant [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of options		30,000
Exercise price		$ 0.8
Vesting period		Immediate
Fair value at the grant date		$ 17
Expiration period		10 years
[1]25% vest on the first anniversary of the date of grant and the remaining 75% of the option vest in twelve equal quarterly installments following the first anniversary of the grant date.

SHARE-BASED COMPENSATION (Detai

SHARE-BASED COMPENSATION (Details 1) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Dividend yield	0%	0%
Minimum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise price	$ 0.73	$ 1.4
Expected volatility	74%	69%
Risk-free interest rate	3.58%	1.35%
Expected life - in years	5 years 3 months 18 days	5 years 6 months
Maximum [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise price	$ 0.89	$ 2.86
Expected volatility	76%	70.20%
Risk-free interest rate	4.37%	3.36%
Expected life - in years	6 years 1 month 9 days	6 years 6 months

SHARE-BASED COMPENSATION (Det_2

SHARE-BASED COMPENSATION (Details 2) - $ / shares	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Number of options
Outstanding at beginning of the year	5,733,087	4,316,859
Granted	1,798,884	2,458,863
Exercised	0	(5,511)
Forfeited	(34,313)	(902,009)
Expired	(392,244)	(135,115)
Outstanding at end of the year	7,105,414	5,733,087
Exercisable at end of the year	4,208,325	3,165,677
Weighted Average exercise price
Outstanding at beginning of the year	$ 3.3	$ 3.63
Granted	0.78	2.29
Exercised	0	2.14
Forfeited	2.27	1.41
Expired	4.97	3.8
Outstanding at end of the year	2.57	3.3
Exercisable at end of the year	$ 3.26	$ 4.06

SHARE-BASED COMPENSATION (Det_3

SHARE-BASED COMPENSATION (Details 3)	12 Months Ended
	Dec. 31, 2023 ₪ / shares shares	Dec. 31, 2023 $ / shares shares	Dec. 31, 2022 $ / shares shares	Dec. 31, 2021 $ / shares shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price Per Share | $ / shares		$ 2.57	$ 3.3	$ 3.63
Number of options outstanding at end of year	7,105,414	7,105,414	5,733,087	4,316,859
Number of options exercisable at end of year	4,208,325	4,208,325	3,165,677
Exercise Price Per Share - 0.73
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price Per Share | ₪ / shares	₪ 0.73
Number of options outstanding at end of year	534,244	534,244
Options outstanding, Weighted Average Remaining contractual Life	9 years 3 days
Number of options exercisable at end of year	400,684	400,684
Options exercisable, Weighted Average Remaining contractual Life	9 years 3 days
Exercise Price Per Share - 0.79
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price Per Share | ₪ / shares	₪ 0.79
Number of options outstanding at end of year	1,223,000	1,223,000
Options outstanding, Weighted Average Remaining contractual Life	9 years 3 months 25 days
Number of options exercisable at end of year	0	0
Exercise Price Per Share - 0.89
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price Per Share | ₪ / shares	₪ 0.89
Number of options outstanding at end of year	33,638	33,638
Options outstanding, Weighted Average Remaining contractual Life	9 years 5 months 4 days
Number of options exercisable at end of year	0	0
Exercise Price Per Share - 1.24
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price Per Share | $ / shares		$ 1.24
Number of options outstanding at end of year	492,831	492,831
Options outstanding, Weighted Average Remaining contractual Life	6 months 14 days
Number of options exercisable at end of year	492,831	492,831
Options exercisable, Weighted Average Remaining contractual Life	6 months 14 days
Exercise Price Per Share - 1.4
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price Per Share | $ / shares		$ 1.4
Number of options outstanding at end of year	600,000	600,000
Options outstanding, Weighted Average Remaining contractual Life	8 years 6 months 14 days
Number of options exercisable at end of year	187,500	187,500
Options exercisable, Weighted Average Remaining contractual Life	8 years 6 months 14 days
Exercise Price Per Share - 2.02
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price Per Share | $ / shares		$ 2.02
Number of options outstanding at end of year	500,000	500,000
Options outstanding, Weighted Average Remaining contractual Life	8 years 4 months 13 days
Number of options exercisable at end of year	187,500	187,500
Options exercisable, Weighted Average Remaining contractual Life	8 years 4 months 13 days
Exercise Price Per Share - 2.14
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price Per Share | $ / shares		$ 2.14
Number of options outstanding at end of year	379,900	379,900
Options outstanding, Weighted Average Remaining contractual Life	6 years 3 months 3 days
Number of options exercisable at end of year	356,155	356,155
Options exercisable, Weighted Average Remaining contractual Life	6 years 3 months 3 days
Exercise Price Per Share - 2.53
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price Per Share | $ / shares		$ 2.53
Number of options outstanding at end of year	33,638	33,638
Options outstanding, Weighted Average Remaining contractual Life	5 years 10 months 20 days
Number of options exercisable at end of year	33,638	33,638
Options exercisable, Weighted Average Remaining contractual Life	5 years 10 months 20 days
Exercise Price Per Share - 2.57
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price Per Share | $ / shares		$ 2.57
Number of options outstanding at end of year	187,500	187,500
Options outstanding, Weighted Average Remaining contractual Life	8 years 3 months 29 days
Number of options exercisable at end of year	68,562	68,562
Options exercisable, Weighted Average Remaining contractual Life	8 years 3 months 29 days
Exercise Price Per Share - 2.815
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price Per Share | $ / shares		$ 2.815
Number of options outstanding at end of year	1,003,863	1,003,863
Options outstanding, Weighted Average Remaining contractual Life	8 years 3 days
Number of options exercisable at end of year	690,155	690,155
Options exercisable, Weighted Average Remaining contractual Life	8 years 3 days
Exercise Price Per Share - 2.86
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price Per Share | $ / shares		$ 2.86
Number of options outstanding at end of year	135,000	135,000
Options outstanding, Weighted Average Remaining contractual Life	8 years 3 months
Number of options exercisable at end of year	52,187	52,187
Options exercisable, Weighted Average Remaining contractual Life	8 years 3 months
Exercise Price Per Share - 3.15
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price Per Share | $ / shares		$ 3.15
Number of options outstanding at end of year	345,000	345,000
Options outstanding, Weighted Average Remaining contractual Life	7 years 3 months 18 days
Number of options exercisable at end of year	184,375	184,375
Options exercisable, Weighted Average Remaining contractual Life	7 years 3 months 18 days
Exercise Price Per Share - 3.61
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price Per Share | $ / shares		$ 3.61
Number of options outstanding at end of year	237,368	237,368
Options outstanding, Weighted Average Remaining contractual Life	7 years 3 months 7 days
Number of options exercisable at end of year	155,306	155,306
Options exercisable, Weighted Average Remaining contractual Life	7 years 3 months 7 days
Exercise Price Per Share - 3.68
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price Per Share | $ / shares		$ 3.68
Number of options outstanding at end of year	147,290	147,290
Options outstanding, Weighted Average Remaining contractual Life	3 years 3 months 3 days
Number of options exercisable at end of year	147,290	147,290
Options exercisable, Weighted Average Remaining contractual Life	3 years 3 months 3 days
Exercise Price Per Share - 3.97
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price Per Share | $ / shares		$ 3.97
Number of options outstanding at end of year	232,552	232,552
Options outstanding, Weighted Average Remaining contractual Life	5 years 18 days
Number of options exercisable at end of year	232,552	232,552
Options exercisable, Weighted Average Remaining contractual Life	5 years 18 days
Exercise Price Per Share - 6.31
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Exercise Price Per Share | $ / shares		$ 6.31
Number of options outstanding at end of year	1,019,590	1,019,590
Options outstanding, Weighted Average Remaining contractual Life	3 years 11 months 12 days
Number of options exercisable at end of year	1,019,590	1,019,590
Options exercisable, Weighted Average Remaining contractual Life	3 years 11 months 12 days

SHARE-BASED COMPENSATION (Det_4

SHARE-BASED COMPENSATION (Details 4) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	$ 1,689	$ 2,247
Cost of revenues
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	0	14
Research and development expenses
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	424	708
General and administrative
Share-based Payment Arrangement, Expensed and Capitalized, Amount [Line Items]
Share-based compensation	$ 1,265	$ 1,525

SHARE-BASED COMPENSATION (Det_5

SHARE-BASED COMPENSATION (Detail Textuals) ₪ / shares in Units, $ / shares in Units, ₪ in Thousands, $ in Thousands		1 Months Ended			12 Months Ended
	Jan. 04, 2021 shares	Jun. 15, 2022 ILS (₪) shares	Jun. 15, 2022 USD ($) shares	Apr. 30, 2021 shares	Dec. 31, 2023 USD ($) $ / shares shares	Dec. 31, 2022 USD ($) $ / shares shares	Dec. 31, 2023 ₪ / shares	Dec. 31, 2023 USD ($) shares	Dec. 31, 2022 ₪ / shares	Jul. 02, 2018 shares
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of ordinary shares granted					1,798,884	2,458,863
Exercise price of options granted | $ / shares					$ 0.78	$ 2.29
Aggregate intrinsic value of outstanding options | $								$ 0
Stock-based compensation expenses | $					$ 1,689	$ 2,247
General and administrative expenses | $					4,430	7,253
Common Stock, Par or Stated Value Per Share | ₪ / shares							₪ 0.0000769		₪ 0.0000769
Former CEO [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of ordinary shares granted		492,832	492,832
Vestion period		2 years	2 years
Annual base salary | $			$ 412
Description of mutual separation		(i) a one-time lump sum payment of his annual base salary for a period of 13 months, for a total gross amount equal to $412; and (ii) an extension of the exercise period for the vested portion of the options granted on January 4, 2021, based on the award original terms, representing an aggregate of 492,832 ordinary shares, through the end of a two-year period commencing on July 15, 2022.	(i) a one-time lump sum payment of his annual base salary for a period of 13 months, for a total gross amount equal to $412; and (ii) an extension of the exercise period for the vested portion of the options granted on January 4, 2021, based on the award original terms, representing an aggregate of 492,832 ordinary shares, through the end of a two-year period commencing on July 15, 2022.
General and administrative expenses | $			$ 457
Number of unvested options forfeited		821,386	821,386
Consultant [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Fair value of the RSU at the grant date | $					17
Director [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Fair value of the RSU at the grant date | $					$ 253	$ 455
New CEO [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of ordinary shares granted	200,000
President of R&D [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Stock-based compensation expenses | $			$ 112
Cash separation payment		₪ 537,600	156
Additional cash separation payment		₪ 737,771	$ 214
President of R&D [Member] | 2017 Grant [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Ordinary shares available for future grant				31,250
Number of ordinary shares granted		357,500	357,500	68,750
Vestion period		10 years	10 years
2018 Plan [Member]
Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]
Number of ordinary shares authorized										1,371,398
Ordinary shares available for future grant								638,598
Number of additional ordinary shares authorized					1,773,817

INCOME TAX (Details)

INCOME TAX (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating Loss Carryforwards [Line Items]
Loss (income) before income taxes	$ 8,860	$ 12,934
Entera Bio Ltd
Operating Loss Carryforwards [Line Items]
Loss (income) before income taxes	8,868	12,997
Entera Bio Inc
Operating Loss Carryforwards [Line Items]
Loss (income) before income taxes	$ (8)	$ (65)

INCOME TAX (Details 1)

INCOME TAX (Details 1) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Current:
Total current income tax	$ 0	$ (37)
Deferred:
Deferred income taxes	29	174
Total deferred income taxes	29	174
Total income tax expense (benefit)	29	137
Subsidiary
Current:
Total current income tax	$ 0	$ (37)

INCOME TAX (Details 2)

INCOME TAX (Details 2) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Deferred tax assets:
Net operating loss carry forward	$ 17,427	$ 15,428
Research and development	983	1,225
Share-based compensation	855	877
Other	220	158
Net deferred tax assets before valuation allowance	19,485	17,688
valuation allowance	(19,471)	(17,645)	$ (15,025)
Net deferred tax assets	$ 14	$ 43

INCOME TAX (Details 3)

INCOME TAX (Details 3) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Income Tax Disclosure [Abstract]
Opening balance	$ 17,645	$ 15,025
Additions	1,826	2,620
Closing balance	$ 19,471	$ 17,645

INCOME TAX (Detail Textuals)

INCOME TAX (Detail Textuals) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Operating Loss Carryforwards [Line Items]
Carryforward losses	$ 75,800	$ 67,100
Israeli tax rate [Member]
Operating Loss Carryforwards [Line Items]
Income tax rate	23%
Foreign Tax Authority [Member]
Operating Loss Carryforwards [Line Items]
Income tax rate	29%

SUPPLEMENTARY FINANCIAL STATE_3

SUPPLEMENTARY FINANCIAL STATEMENT INFORMATION (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Accrued expenses and other payables:
Employees and employees related	$ 159	$ 154
Provision for vacation	215	146
Accrued expenses	500	933
Accrued expenses and other payables, total	$ 874	$ 1,233

SUBSEQUENT EVENTS (Detail Textu

SUBSEQUENT EVENTS (Detail Textuals) - USD ($) $ / shares in Units, $ in Thousands				12 Months Ended
	Feb. 26, 2024	Feb. 01, 2024	Jan. 02, 2024	Dec. 31, 2023	Dec. 31, 2022
Subsequent Event [Line Items]
Number of ordinary shares granted				1,798,884	2,458,863
Exercise price of options granted				$ 0.78	$ 2.29
Subsequent Event [Member] | Seven Non Executive Board Members [Member]
Subsequent Event [Line Items]
Number of ordinary shares granted			758,331
Exercise price of options granted			$ 0.6
Vesting rights			The options will vest over one year in four equal quarterly installments starting on January 1, 2024.
Subsequent Event [Member] | Consultant [Member] | Restricted Stock Units (RSUs) [Member]
Subsequent Event [Line Items]
Number of ordinary shares granted	50,000	25,000
Vesting rights	The RSUs vest over five months in five equal monthly installments starting on February 15, 2024.	The RSUs vest over five months in five equal monthly installments starting on February 1, 2024.
Monthly fee		$ 5