SMX (SMX) F-1/A 22 Oct 24 Registration statement (foreign) (amended) Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2024
Entity Addresses [Line Items]
Document Type	F-1/A
Amendment Flag	true
Amendment Description	AMENDMENT NO. 1
Entity Registrant Name	SMX (Security Matters) Public Limited Company
Entity Central Index Key	0001940674
Entity Incorporation, State or Country Code	L2
Entity Address, Address Line One	Mespil Business Centre
Entity Address, Address Line Two	Mespil House
Entity Address, Address Line Three	Sussex Road
Entity Address, City or Town	Dublin 4
Entity Address, Country	IE
City Area Code	+353-1
Local Phone Number	920-1000
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Business Contact [Member]
Entity Addresses [Line Items]
Entity Address, Address Line One	850 Library Avenue
Entity Address, Address Line Two	Suite 204
Entity Address, City or Town	Newark
Entity Address, State or Province	DE
Entity Address, Postal Zip Code	19711
Contact Personnel Name	Puglisi & Associates

Interim Condensed Consolidated

Interim Condensed Consolidated Financial Statements - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents		$ 168	$ 1,398
Other current receivables	373	634	3,673
Total current assets	373	802	5,071
Non-current assets
Intangible assets, net	16,450	16,486	5,027
Goodwill	32,957	32,957
Property, plant and equipment, net	316	411	555
Right of use assets	348	389	414
Investment in associated companies	115	115	221
Total non-current assets	50,186	50,358	6,217
Total assets	50,559	51,160	11,288
Current liabilities
Bank overdraft	21
Trade payables	11,654	10,515	2,972
Other payables	3,440	2,483	650
Convertible notes		377	563
Convertible notes	1,883	1,390
Warrants - derivative financial liability	749	1,143
Pre-paid advance		700
Bridge loans liabilities	2,023	1,750
Convertible promissory note		1,013
Borrowings from related parties			710
Lease liabilities	42	41	30
Total current liabilities	19,812	18,022	4,925
Non-current liabilities
Lease liabilities	388	411	440
Bridge loans liabilities		483	3,682
Long term payables			85
Total non-current liabilities	388	894	4,207
Total liabilities	20,200	18,916	9,132
Equity
Issued capital and additional paid in capital	71,810	62,901	32,713
Foreign currency translation reserve	(419)	(491)	(537)
Accumulated losses	(61,627)	(50,934)	(30,020)
Total equity attributable to owners of the parent	9,764	11,476	2,156
Non- controlling interest	20,595	20,768
Total equity	30,359	32,244	2,156
Total liabilities and shareholders’ equity	$ 50,559	$ 51,160	$ 11,288

Interim Condensed Consolidate_2

Interim Condensed Consolidated Statements of Comprehensive Loss - USD ($) $ in Thousands	6 Months Ended				12 Months Ended
	Jun. 30, 2024		Jun. 30, 2023		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Profit or loss [abstract]
Research and development expenses, net	$ 1,689		$ 1,172		$ 2,711		$ 1,898		$ 2,039
Selling and marketing expenses	2,719		228		661		569		453
General and administrative expenses	4,848		13,350		16,567		2,723		2,482
Listing expenses			16,802		16,802
Operating loss	(9,256)		(31,552)		(36,741)		(5,190)		(4,974)
Finance expenses	3,232		2,496		7,891		1,128		101
Finance income	1,602		1,143		1,580		28		237
Gain from remeasurement of investment in associated company					22,164
Share of net loss of associated companies			(104)		(101)		106		(101)
Loss before income tax	(10,886)		(33,009)		(20,989)		(6,184)		(4,939)
Income tax
Loss after income tax for the period attributable to shareholders	(10,886)		(33,009)		(20,989)		(6,184)		(4,939)
Items that will not be reclassified to profit or loss:
Adjustments arising from translating financial statements from functional currency to presentation currency	(117)		(400)		(224)		(522)		(7)
Items that will or may be reclassified to profit or loss:
Exchange losses arising on translation of foreign operations	209		235		(59)		(238)		(375)
Total other comprehensive loss	92		(165)		(283)		(760)		(382)
Total comprehensive loss	(10,794)		(33,174)		(21,272)		(6,944)		(5,321)
Net loss attributable to:
Equity holders of the Company	(10,693)				(20,914)
Non- controlling interest	$ (193)				$ (75)
Basic loss per share attributable to shareholders	$ (0.005)	[1]	$ (0.001)	[1]	$ (586)	[2]	$ (635)	[2],[3]	$ (556)	[2],[3]
Diluted loss per share attributable to shareholders	$ (0.005)	[1]	$ (0.001)	[1]	$ (586)	[2]	$ (635)	[2],[3]	$ (556)	[2],[3]
Share of net loss of associated companies			$ 104		$ 101		$ (106)		$ 101
[1]After giving effect to the reverse stock split on July 11, 2024 (see also Note 1.E)[2]Restated as a result of the SPAC transaction and after giving effect to the reverse stock splits (see also Notes 14B4 and 24.12)[3]Restated as a result of the SPAC transaction and after giving effect to the reverse share splits described in Notes 14B(4) and 24.12, the calculation of the basic and diluted loss per share for all past periods presented have been adjusted retrospectively based on the new number of shares as derived from the conversion ratio.

Interim Condensed Consolidate_3

Interim Condensed Consolidated Changes In Shareholders' Equity (Deficit) - USD ($) $ in Thousands	Issued and Additional paid in capital [member]	Foreign Currency Translation [Member]	Retained earnings [member]	Equity attributable to owners of parent [member]	Non-controlling interests [member]	Total
Balance at Dec. 31, 2020	$ 24,733	$ 605	$ (18,897)			$ 6,441
IfrsStatementLineItems [Line Items]
Net loss						(4,939)
Other comprehensive loss for the period		(382)				(382)
Total comprehensive loss for the period		(382)	(4,939)			(5,321)
Issuance of shares, net	5,892					5,892
Share-based compensation	484					484
Conversion of warrants A to ordinary shares, net (See note 5.2)
Loss after income tax for the year			(4,939)			(4,939)
Exercise of warrants into ordinary shares	395					395
Loss after income tax for the period						(4,939)
Balance at Dec. 31, 2021	31,504	223	(23,836)			7,891
IfrsStatementLineItems [Line Items]
Net loss						(6,184)
Other comprehensive loss for the period		(760)				(760)
Total comprehensive loss for the period		(760)	(6,184)			(6,944)
Issuance of shares, net	182					182
Share-based compensation	306					306
Conversion of warrants A to ordinary shares, net (See note 5.2)
Loss after income tax for the year			(6,184)			(6,184)
Issuance of options to acquire intangible asset	721					721
Loss after income tax for the period						(6,184)
Balance at Dec. 31, 2022	32,713	(537)	(30,020)	$ 2,156		2,156
IfrsStatementLineItems [Line Items]
Net loss						(33,009)
Other comprehensive loss for the period		(165)				(165)
Total comprehensive loss for the period		(165)	(33,009)			(33,174)
Issuance of shares, net	170					170
Recapitalization due to issuance of shares following the SPAC transaction, net	11,460					11,460
Share-based compensation	2,092					2,092
Conversion of convertible notes to shares	175					175
Exercise of options	10					10
Conversion of warrants A to ordinary shares, net (See note 5.2)	290					290
Loss after income tax for the year						(33,009)
Loss after income tax for the period			(33,009)			(33,009)
Conversion of bridge loans to shares	2,983					2,983
Issuance of Security Bundle, net (See note 5.2)	1,837					1,837
Balance at Jun. 30, 2023	51,730	(702)	(63,029)			(12,001)
Balance at Dec. 31, 2022	32,713	(537)	(30,020)	2,156		2,156
IfrsStatementLineItems [Line Items]
Net loss			(20,914)	(20,914)	(75)	(20,989)
Other comprehensive loss for the period		46		46	17	63
Total comprehensive loss for the period		46	(20,914)	(20,868)	(58)	(20,926)
Issuance of shares, net	4,896			4,896		4,896
Recapitalization due to issuance of shares following the SPAC transaction, net	11,460			11,460		11,460
Share-based compensation	3,269			3,269		3,269
Conversion of convertible notes to shares	5,955			5,955		5,955
Exercise of options	10			10		10
Issuance of shares and warrants B, net (See note 14.B.3)	1,837			1,837		1,837
Conversion of warrants A to ordinary shares, net (See note 5.2)	1,008			1,008		1,008
Exercise of warrants B, net (See note 14 B.3)	888			888		888
Issuance of warrants B after reset (See note 14 B.3)	865			865		865
Non-controlling interests arising from initially consolidated companies					20,826	20,826
Loss after income tax for the year						(20,914)
Loss after income tax for the period						(20,989)
Balance at Dec. 31, 2023	62,901	(491)	(50,934)	11,476	20,768	32,244
IfrsStatementLineItems [Line Items]
Net loss						(10,886)
Other comprehensive loss for the period		72		72	20	92
Total comprehensive loss for the period		72	(10,693)	(10,621)	(173)	(10,794)
Issuance of shares, net	698			698		698
Share-based compensation	1,693			1,693		1,693
Conversion of convertible notes to shares	655			655		655
Conversion of warrants A to ordinary shares, net (See note 5.2)
Loss after income tax for the year						(10,693)
Exercise of warrants into ordinary shares	504			504		504
Loss after income tax for the period			(10,693)	(10,693)	(193)	(10,886)
Conversion of warrants- derivative financial liabilities into ordinary shares	314			314		314
Conversion of convertible promissory note into ordinary shares	2,346			2,346		2,346
Issuance of investment units	2,699			2,699		2,699
Balance at Jun. 30, 2024	$ 71,810	$ (419)	$ (61,627)	$ 9,764	$ 20,595	$ 30,359

Interim Condensed Consolidate_4

Interim Condensed Consolidated Statements of Cash Flows - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Cash flows from operating activities:
Net Loss	$ (10,693)	$ (33,009)	$ (20,914)	$ (6,184)	$ (4,939)
Share-based compensation	1,623	2,092	3,269	306	484
Depreciation and amortization	111	114	225	290	315
Increase in other receivables	246	2,575
Decrease (increase) in other current receivables			2,938	(2,936)	(463)
Increase in trade payables	1,155	2,545	2,074	2,217	401
Increase in other payables	1,238	70	(235)	114	60
Decrease in other liabilities		13	19	17	(3)
Revaluation of financial liabilities at fair value	(949)	(41)	1,496	387
Financial expenses due to bridge loans principal amounts	(53)	1,421
Interest on leases	32	7
Interest expenses / (income) and revaluation of convertible notes	1,871	(382)	4,281	51	47
Revaluation of convertible notes			(382)
Remeasurement of investment in associated company			(22,164)
Provision of borrowing to related parties		14		621	89
Issuance of ordinary shares due to commitment fee- see note 4(3)	460
Issuance of ordinary shares due to underwriter’s fee- see note 5B(4)	238
Share of net loss of associated companies		104	101	(106)	101
Issuance cost due to inducement Alpha warrants B’s exercise price	185
Issuance of options to underwriters			11
SPAC transaction - listing costs		16,802	16,802
Net cash flow used in operating activities	(4,536)	(7,675)	(12,479)	(5,223)	(3,908)
Cash flows from investing activities:
Purchase of property, plant and equipment	(166)	(10)	(60)	(152)	(297)
Capitalized development cost		(383)	(976)	(975)	(1,468)
Net cash flow used in investing activities	(166)	(393)	(1,036)	(1,127)	(1,765)
Cash flows from financing activities:
Payments of borrowings to related parties				(172)	(103)
Payment of lease liabilities	(40)	(21)	(42)	(55)	(98)
Proceeds from issuance of shares, warrants A and B, net (see note 14 B.3)			2,630
Exercise of warrants into ordinary shares	35		642		395
Proceeds from issuance of convertible notes and security	350	250	250	581
Advance payment for equity, net (see note 10)			2,679
Proceeds from bridge loans		550
Repayment of bridge loans	(30)	(30)	(30)
Proceeds from (repayment of) Pre-Paid Advance	(423)	3,220
Proceeds from the issuance of shares and warrants	2,698
Overdraft	21
Proceeds from issuance of shares, net				182	5,892
Proceeds from the issuance of Alpha new Note, warrants and derivative financial liability	2,025	2,811	550	3,310	32
Proceeds from issuance of promissory note (see note 8.C)			2,356
Issuance of shares in the SPAC transaction, net		2,923	2,919
Net cash flow from financing activities	4,636	9,703	11,954	3,846	6,118
Increase (decrease) in cash and cash equivalents	(66)	1,635	(1,561)	(2,504)	445
Cash and cash equivalents at beginning of period	168	1,398	1,398	4,171	4,341
Exchange rate differences on cash and cash equivalent	(102)	(13)	331	(269)	(615)
Cash and cash equivalents at end of period		3,020	168	1,398	4,171
Appendix A – Non-Cash transactions during the period:
Conversion of financial liability into ordinary shares	597	450	2,300
Conversion of warrants into ordinary shares		290	1,008
Conversion of bridge loans and derivative financial liability into ordinary shares and warrants	128	2,983	5,192
Exercise of warrants into ordinary shares	458	2,229
Exercise of options and warrants into ordinary shares			2,925
Conversion of convertible notes into ordinary shares	2,346	175	175
Conversion of liability to ordinary shares (see note 14)			3,030
Remeasurement of investment in associated company (see note 3)			$ (22,164)
Issuance cost due to inducement Alpha warrants B’s exercise price	$ 107

GENERAL

GENERAL	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Disclosure of subsidiaries [abstract]
GENERAL	NOTE 1 - GENERAL A. SMX (Security Matters) Public Limited Company (“Security Matters” or “ SMX” or the “Company” and together with its subsidiaries, the “Group”) was incorporated in July 1, 2022 under the laws of Ireland with registered number 722009 and its registered office at Mespil Business Center, Mespil House, Sussex The Group provides one solution to solve both authentication and track challenges in order to uphold supply chain integrity and provide quality assurance and brand accountability to producers of goods. Its technology works as a track and trace system using a marker, a reader and an algorithm to identify embedded sub-molecular particles in order to track and trace different components along a production process (or any other marked good along a supply chain) to the end producer. Its proprietary marker system embeds a permanent or removable (depending on the needs of the customer) mark on solid, liquid or gaseous objects or materials. Each marker is comprised of a combination of marker codes such that each marker is designed to be unique and unable to be duplicated. The marker system is coupled with an innovative patented reader that responds to signals from the marker and, together with a patented algorithm, captures the details of the product retrieved and stored on a blockchain digital ledger. Each marker can be stored, either locally on the reader and on private servers, cloud servers or on a blockchain ledger, to protect data integrity and custody. B. The SPAC transaction: On March 7, 2023 (the “Closing Date”) the Company completed its SPAC transaction (the “Business Combination”) with Lionheart III Corp (“Lionheart”), following that Lionheart and Security Matters PTY Ltd. (formerly named Security Matters Limited, which was incorporated in May 2018 under Australian law) became the Company’s wholly-owned subsidiaries and the Company listed its ordinary shares and public warrants on the NASDAQ stock market under the tickers SMX and SMXWW, respectively. On July 26, 2022, Security Matters PTY Ltd. and Lionheart, a publicly traded special purpose acquisition company (SPAC), entered into a business combination agreement (the “BCA”) and accompanying scheme implementation deed (“SID”). Under the BCA, the existing Lionheart stockholders received the Company’s shares and warrants in exchange for their existing Lionheart shares and warrants and all shares existed in Security Matters PTY Ltd. were cancelled in return for the Company’s shares and resulting in Security Matters PTY Ltd. becoming a wholly owned subsidiary of the Company. Security Matters PTY Ltd. shareholders received consideration of 1 10.3624 10.00 97.58 3,061 C. As of June 30, 2024, the Company had incurred accumulated losses of $ 61.6 30 The SPA allows the Company to sell shares to Alpha through “Puts” with a mandatory minimum of $20 per Put and a maximum of $833 in any 30-day period. The share price depends on market conditions and is discounted based on specific price thresholds. Alpha’s obligation to purchase shares is subject to customary conditions, including owning no more than 4.99% of the Company’s shares at any given time. The SPA automatically terminates after 36 months or once Alpha has purchased $ 30 5.3 747 194 800 500 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data) NOTE 1 – GENERAL (CONT.): D. The Company operates primarily through the following wholly owned subsidiaries and one majority owned, all of which have been consolidated in these consolidated financial statements. SCHEDULE OF COMPANIES SUBSIDIARIES Controlled entity Country of Percentage Owned Percentage Owned Security Matters PTY Ltd. Australia 100 100 Lionheart III Corp USA 100 100 SMX Circular Economy Platform PTE, Ltd. Singapore 100 100 SMX (Security Matters) Ireland Limited Ireland 100 100 SMX Fashion and Luxury France 100 100 TrueSilver SMX Platform Ltd. Canada 100 100 SMX (Security Matters) Israel Ltd. Israel 100 100 Security Matters Canada Ltd. Canada 100 100 SMX Beverages Pty Ltd. Australia 100 100 True Gold Consortium Pty Ltd. Australia 51.9 51.9 In addition, the Company’s has the following investments in associated companies: Entity Country of Percentage Owned Percentage Owned Yahaloma Technologies Inc. Canada 50 50 The proportion of ownership interest is equal to the proportion of voting power held. * Legally owned by Security Matters PTY Ltd. (formerly - Security Matters Limited). On July 2024 ownership in the subsidiary increased from 51.9 52.9 E. On July 15, 2024, after the balance sheet date, the Company’s Ordinary Shares began trading on the Nasdaq Capital Market post-reverse stock split of 75:1 under the symbol “SMX,” with a new CUSIP number of G8267K208 and ISIN code IE000IG23NR9. Approved by shareholders and Board of Directors on June 11, 2024. This reverse split consolidated every 75 shares into one new ordinary share and was aimed at meeting Nasdaq’s minimum bid price requirement of $ 1.00 44.8 597 0.0022 0.165 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data)	NOTE 1 - GENERAL A. SMX (Security Matters) Public Limited Company (“Security Matters” or the “Company” and together with its subsidiaries, the “Group”) was incorporated in July 1, 2022 under the laws of Ireland with registered number 722009 and its registered office at Mespil Business Center, Mespil House, Sessex Road, Dublin 4, Ireland, D04 T4A6. The Company was incorporated in 2022 as part of the Business Combination (see Note 1.B). The Company integrates chemistry, physics, and computer science to give materials memory and create a culture of transparency and trust across multiple industries. The Company’s nearly 100 patents support unique marking, measuring, and tracking technologies allowing clients to seamlessly deploy transparency at all levels of development and provide stakeholders with a complete provenance of material composition and history, from virgin material to recycled, to address manufacturing challenges and ESG goals while maintaining sustainable growth. As a result, SMX’s technologies are designed and developed to help companies address ESG commitments and transition more successfully to a low-carbon economy. The Company’s technology seeks to enable global companies across various industries to transition more successfully to a sustainable circular economy. By adopting our technology, they would be able to tangibly measure and track the raw material from origination, through the supply chain and at the end of life-where the amount of material recycled/reused from that product item can be measured and as well as the number of times that specific material/item has been recycled/reused. The Company provides one solution to solve both authentication and track and trace challenges in order to uphold supply chain integrity and provide quality assurance and brand accountability to producers of goods. Its technology works as a track and trace system using a marker, a reader and an algorithm to identify embedded sub-molecular particles in order to track and trace different components along a production process (or any other marked good along a supply chain) to the end producer. Its proprietary marker system embeds a permanent or removable (depending on the needs of the customer) mark on solid, liquid or gaseous objects or materials. One reader can detect embedded data in various materials, from metals to fabrics to food and plastics, with all data logged onto the same digital platform. Each marker is comprised of a combination of marker codes such that each marker is designed to be unique and unable to be duplicated. The marker system is coupled with patented reader that responds to signals from the marker and, together with a patented algorithm, captures the details of the product retrieved and stored on a blockchain digital ledger. Each marker can be stored, either locally on the reader and on private servers, cloud servers or on a blockchain ledger, to protect data integrity and custody. B. The SPAC transaction: On March 7, 2023 (the “Closing Date”) the Company completed its SPAC transaction (the “Business Combination”) with Lionheart III Corp (“Lionheart”), following that Lionheart and Security Matters PTY Ltd. (formerly named Security Matters Limited, which was incorporated in May 2018 under Australian law) became the Company’s wholly-owned subsidiaries and the Company listed its ordinary shares and public warrants on the NASDAQ stock market under the tickers SMX and SMXWW, respectively. On July 26, 2022, Security Matters PTY Ltd. and Lionheart, a publicly traded special purpose acquisition company (SPAC), entered into a business combination agreement (the “BCA”) and accompanying scheme implementation deed (“SID”). Under the BCA, the existing Lionheart stockholders received the Company’s shares and warrants in exchange for their existing Lionheart shares and warrants and all shares existed in Security Matters PTY Ltd. were cancelled in return for the Company’s shares and resulting in Security Matters PTY Ltd. becoming a wholly owned subsidiary of the Company. Security Matters PTY Ltd. shareholders received consideration of 1 10.3624 10.00 97.58 3,061 C. On October 3, 2023, the Company has signed an agreement with True Gold Consortium Pty Ltd.’s (“TrueGold”) shareholders to acquire an additional 7.5 51.9 D. During the 12 months ended December 31, 2023, the Company incurred operating losses and negative cash flows from operating activities. The Company has not yet generated revenues. As discussed in Note 10, the Company executed an equity line agreement to raise up to $ 25,000 30,000 investor. 3 500 1,000 5,800 5,000 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 1 - GENERAL (CONT.): E. The Company operates primarily through 9 wholly owned subsidiaries and one majority owned all of which have been consolidated in these consolidated financial statements. SCHEDULE OF COMPANIES SUBSIDIARIES Controlled entity Country of Incorporation Percentage Owned December 31, 2023 Percentage Owned December 31, 2022 Security Matters (SMX) PLC Ireland 100 % - Security Matters PTY Ltd. Australia 100 % - Lionheart III Corp USA 100 % ** SMX Circular Economy Platform PTE, Ltd. Singapore 100 % * SMX (Security Matters) Ireland Limited Ireland 100 % * SMX Fashion and Luxury France 100 % - TrueSilver SMX Platform Ltd. Canada 100 % - SMX (Security Matters) Israel Ltd. Israel 100 % 100 %*** Security Matters Canada Ltd. Canada 100 % 100 %*** SMX Beverages Pty Ltd. Australia 100 % 100 %*** True Gold Consortium Pty Ltd. Australia 51.9 %*** See note 6 In addition, the Company’s has the following investments in associated companies: Entity Country of Incorporation Percentage Owned December 31, 2023 Percentage Owned December 31, 2022 Yahaloma Technologies Inc. Canada 50 % 50 %*** The proportion of ownership interest is equal to the proportion of voting power held. * Incorporated in 2023. ** Merger occurred in March 2023 as part of the Business Combination. *** Owned by Security Matters PTY Ltd. (formerly - Security Matters Limited) as of December 31, 2023. SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands)

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Significant Accounting Policies
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES A. Basis of preparation The Company’s accompanying interim condensed consolidated financial statements have been prepared in a condensed format in accordance with IAS 34 Interim Financial Reporting. They do not include all disclosures that would otherwise be required in a complete set of consolidated financial statements and should be read in conjunction with the annual consolidated financial statements as of December 31, 2023 of the Company (the “Annual Financial Statements”). There have been no changes in the Company’s significant accounting policies during the six-month period ended June 30, 2024, as compared to the Annual Financial Statements. B. Functional currency The consolidated financial statements are prepared in US Dollars, which is the functional and presentation currency of the Company. C. Application of accounting policies The Group has applied the same accounting policies and methods of computation in its interim condensed consolidated financial statements as in the Annual Financial Statements .Several amendments to IFRS Standards apply for the first time in 2024, but do not have an impact on the interim condensed consolidated financial statements. D. Reverse stock split The presentation of loss per share amounts and all share, options and warrants amounts has been retrospectively adjusted to give effect to the reverse stock split which occurred after the balance sheet date on July 11, 2024. See also Note 1.E. and Note E. New standards, interpretations and amendments not yet effective In April 2024, the IASB issued IFRS 18 “Presentation and Disclosure in Financial Statements” replacing IAS 1 to improve the usefulness of information presented and disclosed in financial statements. IFRS 18 introduces three sets of new requirements. The standard defines categories for income and expenses, such as operating, investing and financing, and requires entities to provide new defined subtotals, including operating profit. IFRS 18 also requires entities that define entity-specific measures that are related to the income statement to disclose explanations of those measures. In addition, it sets out enhanced guidance on how to organize information and whether to provide it in the primary financial statements or in the notes and requires entities to provide more transparency about operating expenses. These new requirements are to improve entities’ reporting of financial performance and give investors a better basis for analyzing and comparing entities. The standard carries forward many requirements from IAS 1 unchanged. The standard is effective for annual periods beginning on or after January 1, 2027, with early adoption applicable whereby the Group has decided not to adopt early. The Group is currently evaluating the potential impact that the adoption of the standard will have on its consolidated financial statements.	NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS: SIGNIFICANT ACCOUNTING POLICIES G. The significant accounting policies followed in the preparation of the financial statements, on a consistent basis, are: Basis of preparation These financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (“IASB”). The financial statements have been prepared under the historical cost convention except for certain financial liabilities which are measured at fair value. Principles of consolidation The consolidated financial statements incorporate the assets and liabilities of all subsidiaries of SMX (Security Matters) Public Limited Company as of December 31, 2023 and 2022 and the results of all subsidiaries for the three years in the period then ended. SMX (Security Matters) Public Limited Company, a public limited company and its subsidiaries together are referred to in these financial statements as the Group or the “consolidated entity”. Subsidiaries are all those entities over which the Company has control. The Company controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is obtained by the Company and until the date that control is lost. Intercompany transactions between entities in the consolidated entity are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of the impairment of the asset transferred. Investments in associated companies Investments in associated companies are accounted under the equity method and are initially recognized at cost. The investment’s cost includes transaction costs. The consolidated financial statements include the Group’s share in net income or loss, in other comprehensive income or loss, and in the net assets of associated companies accounted by the equity method from the date when significant influence or joint control materialized, until the date on which the conditions for significant influence or joint control are no longer met. Losses of an associate in amounts which exceed its equity are recognized by the Company to the extent of its investment in the associate plus any losses that the Company may incur as a result of a guarantee or other financial support provided in respect of the associate. Reverse acquisition transaction The result of the merger between the Company and Security Matters PTY Ltd. as described in Note 1.B is that legally the Company owns the entire share capital of Security Matters PTY Ltd. Accordingly, for financial reporting purposes, Security Matters PTY Ltd. (the legal subsidiary) is the accounting acquirer, and the Company (the legal parent) is the accounting acquiree. The consolidated financial statements prepared following the reverse acquisition are issued under the name of the Company, but they are a continuance of the financial statements of Security Matters PTY Ltd. and reflect the fair values of the assets and liabilities of the Company (the acquiree for accounting purposes), together with a deemed issuance of shares by Security Matters PTY Ltd. at fair value based on the quoted opening share price of the Company in its first trading day following the closing of the business combination transaction ($ 11,599 16,802 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS (CONT.): The Company is initially consolidated in the financial statements from the closing date of the Business Combination. Substantially all of the assets and liabilities of the Company were comprised of marketable securities held in a trust account ($ 4,921 10,127 1. The assets and liabilities of Security Matters PTY Ltd. have been recognized and measured in these consolidated financial statements at their pre-combination carrying amounts. 2. The retained earnings and other equity balances recognized in those consolidated financial statements are the retained earnings and other equity balances of Security Matters PTY Ltd. immediately before the Business Combination. 3. The amount recognized as issued equity instruments in these consolidated financial statements has been determined by adding to the issued equity of Security Matters PTY Ltd. immediately before the Business Combination the fair value of the deemed issuance of shares, as described above. However, the equity structure (the number and type of shares issued) reflects the equity structure of the Company, including the shares issued by the Company through recapitalization. Accordingly, the equity structure of Security Matters PTY Ltd. (issued capital and addition paid in capital) in comparative periods is restated using the exchange ratio established in the Business Combination to reflect the number and par value of shares of the Company issued in the reverse acquisition transaction. 4. The statement of comprehensive loss reflects that of Security Matters PTY Ltd. for the full period together with the post-acquisition results of the Company from the Closing Date. Loss per share of Security Matters PTY Ltd. for periods prior to the acquisition date is restated such the denominator of the historical loss per share calculation is adjusted by multiplying the weighted-average shares used in each historically reported loss per share calculation by the exchange ratio established in the Business Combination. Foreign currency The consolidated financial statements are prepared in US Dollars which is the functional and presentation currency of the Company. Security Matters (SMX) PLC functional currency is US Dollar. The functional currency of Lionheart III Corp is US Dollar. The functional currency of SMX Fashion and Luxury is EURO. The functional currency of True Silver SMX Platform is Canadian Dollars. The functional currency of SMX (Security Matters) Ireland Limited is US Dollar. The functional currency of SMX Circular Economy Platform PTE, Ltd. is Singapore Dollar. Security Matters Pty Ltd.’s functional currency is Australian Dollars. The functional currency of Security Matters Ltd. (Israel) is New Israeli Shekels. The functional currency of Security Matters Canada Ltd. is Canadian Dollars. The functional currency of SMX Beverages Pty Ltd. is Australian Dollar. The functional currency of True Gold consortium PYT LTD. is Australian Dollar. Transactions and balances in foreign currencies are converted into US Dollars in accordance with the principles set forth by International Accounting Standard (IAS) 21 (“The Effects of Changes in Foreign Exchange Rates”). Accordingly, transactions and balances have been converted as follows: ● Assets and liabilities – at the rate of exchange applicable at the reporting date; ● Expense items – at annual average rate at the statements of financial position date. ● Share capital, capital reserve and other capital movement items were at rate of exchange as of the date of recognition of those items. ● Accumulated deficit was based on the opening balance for the beginning of the reporting period in addition to the movements mentioned above. ● Exchange gains and losses from the aforementioned conversion are recognized in the statement of other comprehensive lose in Foreign Currency Translation Reserve. SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS (CONT.): Issue of a unit of financial instruments The issue of a unit of financial instruments such as a financial liability (e.g., a loan) and free-standing derivative (e.g. warrants) involves the allocation of the proceeds received (before issuance costs) to financial derivatives and other financial instruments measured at fair value in each period and to financial liabilities that are measured at amortized cost, with residual allocated to equity instruments. Issuance costs are allocated to each component pro rata to the amounts determined for each component in the unit. Governmental grants Government grants received for the use of research and development activities, for which the Group undertook to pay royalties to the state, contingent on future sales arising from this financing, were treated as forgivable loans. The grant was recognized as a liability in the financial statements, except when there is reasonable assurance that the Group will comply with the conditions for the forgiveness of the loan, then it would be recognized as a government grant. When the loan bears a below-market rate of interest, the liability is recognized at its fair value in accordance with the market interest rate prevailing at the time of receiving the grant. The difference between the consideration received and the liability recognized at inception was treated as a government grant and recognized as a reimbursement of research expenses. The repayment of the liability to the state is reviewed every reporting period, with changes in the liability resulting from a change in the expected royalties recognized in profit or loss. Fair value measurement Fair value is the price that would be received when selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either: A. In the principal market for the asset or liability; or B. In the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible to the Group. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs. Classification of financial instruments by fair value hierarchy The financial instruments presented in the statements of financial position at fair value are grouped into classes with similar characteristics using the following fair value hierarchy which is determined based on the source of input used in measuring fair value: Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 - Inputs other than quoted prices included within Level 1 that are observable either directly or indirectly. Level 3 - Inputs that are not based on observable market data (valuation techniques which use inputs that are not based on observable market data). Financial assets The Group classifies its financial assets into one of the following categories, depending on the purpose for which the asset was acquired. The Group’s accounting policy for each category is as follows: Other receivables: These assets are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They arise principally through the provision of goods and services, but also incorporate other types of contractual monetary asset. These assets are carried at amortized cost less any provision for impairment. The Group has no financial assets classified at fair value through profit or loss. SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS (CONT.): Financial liabilities financial liabilities measured at amortized cost: Financial liabilities are initially recognized at fair value less transaction costs that are directly attributable to the issue of financial liability. After initial recognition, the Group measures all financial liabilities at amortized cost using the effective interest rate method, which ensures that any interest expense over the period is at a constant interest rate on the balance of the liability carried in the statement of financial position, except for financial liabilities which are measured at fair value through profit or loss. measured at fair value through profit or loss: These financial liabilities comprise of derivatives that are options which are to be settled in equity instruments but nevertheless do not meet the definitions of equity instruments. The Group measures those financial liabilities at fair value. Transaction costs are recognized in profit or loss. After initial recognition, changes in fair value are recognized in profit or loss. Impairment of non-financial assets Intangible assets and goodwill that have an indefinite useful life are not subject to amortization and are tested annually for impairment, or more frequently if events or changes in circumstances indicate that they might be impaired. Other non-financial assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. Recoverable amount is the higher of an asset’s fair value less costs of disposal and value-in-use. The value-in-use is the present value of the estimated future cash flows relating to the asset using a pre-tax discount rate specific to the asset or cash-generating unit to which the asset belongs. Assets that do not have independent cash flows are grouped together to form a cash-generating unit. Property, plant and equipment Items of property, plant and equipment are initially recognized at cost. Cost includes directly attributable costs and the estimated present value of any future costs of dismantling and removing items. Depreciation is computed by the straight-line method, based on the estimated useful lives of the assets, as follows: SCHEDULE OF DEPRECIATION RATES OF PROPERTY, PLANT AND EQUIPMENT % Computers 33 Machines and equipment 20 Furniture and office equipment 10 Leasehold improvements 8 Leasehold improvements are depreciated over the term of the expected lease including optional extension, or the estimated useful lives of the improvements, whichever is shorter. Reimbursement of research and development expenses Reimbursements in proof of concept (POC) agreements of expenditures on research and development in order to achieve commercial agreement once this activity will be successful, are offset in profit or loss against the related expenses (research and development expenses). Any intellectual property generated from this activity remains at the ownership of the Group. Right-of-use assets All leases are accounted for by recognizing a right-of-use asset and a lease liability, excluding leases where the lease term is 12 months or less, or where the underlying asset is of low-value. These leases expenditures are recognized on a straight-line basis over the lease term. A right-of-use asset is recognized at the commencement date of a lease. The right-of-use asset is measured at cost, which comprises the initial amount of the lease liability, adjusted for, as applicable, any lease payments made at or before the commencement date net of any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the unexpired period of the lease or the estimated useful life of the asset, whichever is the shorter. Where the Group expects to obtain ownership of the leased asset at the end of the lease term, the depreciation is over its estimated useful life. Right-of use assets are subject to impairment or adjusted for any remeasurement of lease liabilities. SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS (CONT.): Lease liabilities All leases are accounted for by recognizing a right-of-use asset and a lease liability. Lease liabilities are measured at the present value of the contractual payments due to the lessor over the lease term, with the discount rate determined by reference to the rate implicit in the lease unless (as is typically the case) this is not readily determinable, in which case the Group’s incremental borrowing rate on commencement of the lease is used. Variable lease payments are only included in the measurement of the lease liability if they depend on an index or rate. In such cases, the initial measurement of the lease liability assumes the variable element will remain unchanged throughout the lease term. Other variable lease payments are expensed in the period to which they relate. On initial recognition, the carrying value of the lease liability also includes: ● amounts expected to be payable under any residual value guarantee; ● the exercise price of any purchase option granted in favor of the Group if it is reasonably certain to exercise that option; and ● any penalties payable for terminating the lease, if the term of the lease has been estimated on the basis of termination option being exercised. Subsequent to initial measurement lease liabilities increase as a result of interest charged at a constant rate on the balance outstanding and are reduced for lease payments made. Lease liabilities are remeasured when there is a change in future lease payments arising from a change in an index or rate or when there is a change in the assessment of the term of any lease the remeasurement being recognized in front of the right of use assets. Capitalized technology development costs Expenditures on research activities are recognized in profit or loss as incurred. Expenditures on internally developed products are mainly employee salaries and legal fees for filing of patents and are capitalized when the Group demonstrates all the following criteria: a. The technical feasibility of completing the intangible asset so that it will be available for use or sale. b. The intention to complete the intangible asset and use or sell it. c. The ability to use or sell the intangible asset. d. The probability of the intangible asset to generate future economic benefits. Among other things, the Group considers the existence of a market for the output of the intangible asset or the intangible asset itself or, if it is to be used internally, the usefulness of the intangible asset. e. The availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset. f. The ability to measure reliably the expenditures attributable to the intangible asset during its development. The recognition criteria above are considered by the Group at each stage of development to determine when the criteria have been initially met in full. The technical feasibility criteria is determined to be met when a milestone of initial marking and reading capabilities is satisfied. The milestone’s identification occurs only following a detailed broad mapping of the raw material characteristics and establishing the formula for the chemical marker architecture to be embedded into the raw material based on industry standards and regulations. The result is the initial evidence that the x-ray algorithm of the designated reader is in a stage that can identify the marker and convey information. At this stage, the Group believes that the technical feasibility of completing the development for use is probable. The Group notes that technical feasibility has been established and the achieved technology is ready for the next stage which consists of performing a proof-of-concept pilot with an industry partner, in order to adapt the technology for the relevant industry and adjust the development to meet the industry’s needs. SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS (CONT.): Capitalized technology development costs (Cont.) Currently, the Group’s capitalized development activities focus on: 1. Development of marker architecture to be embedded topically or in-situ (application) for each material/product within the optimal industrial manufacturing phase, based on industry standards and regulations. 2. Semi Industrial scale – technology implementation in semi-industrial production. 3. Development of a digital platform to support the end-to-end traceability from raw material to final product to recycling. The Group’s management has the full intention to complete the development of the technology and ultimately to sell it. This intention is demonstrated by initiating partnerships with industry market leaders and continuing the development into the next phase. The Group’s intention is also reflected in the Group’s approved budget. The Group’s management intends to concentrate its future sales and marketing efforts in the U.S. market, including recruitment of sales and marketing personnel. It plans to advance successful proof-of-concept pilots performed with industry leading partners, and further advance its innovative technology and commercialization efforts and collaborations in the segments relevant to its technology. The Group’s business model targets leading brands and manufacturers in order to create a new market standard for circular economy solutions, brand authentication and supply chain integrity. The Group’s technology is applicable for multiple industries such as gold, fashion, electronics and circular economy – plastic and rubber. The Group is able to provide an adaptive solution for multiple market segments, based on a unified technology solution, through collaborative relationships with leading market companies which provide it with access to various potential entities to sell its solution. This is part of the Group’s strategy to create strategic partnerships with market leaders across its main segments of activity. The Group believes that this close collaboration with market leaders, and developing a product that meets their requests, suggest that there is a strong potential market for its development. Adequate technical and financial resources are available to complete the development; the development will be completed by the Group’s technology team which consists of professional experienced scientists and engineers, with a track record in the industrial sector and with financial resources successfully raised through the issuance of ordinary shares and loans. The Group has already accomplished its core technology development and is currently focused on development of specific adjustments for different market segments. This stage is focused and short-termed, therefore, management believes that limited financial resources are required for completing the development and that there is high probability for commencing commercial agreements following the successful proof-of-concept pilots. The Group has financial systems in place that allow it to maintain records in sufficient detail that enable it to measure reliably the expenditures attributable to the intangible asset during its development. Development expenditures not satisfying all the above criteria are recognized in the consolidated statement of comprehensive income as incurred. Subsequent measurement In subsequent periods, capitalized development expenditures are measured at cost less accumulated amortization and accumulated impairment losses. An asset is ready for its intended use, when the developed technology becomes operational and the Group completes an initial customization for a client’s specific needs, which means that the technology is fully implemented in the customer’s manufacturing processes and ready for its intended use. The management estimates that in approximately two years such customization will be completed, and amortization will commence. SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS (CONT.): Capitalized technology development costs (Cont.) Intangible assets with a finite useful life are amortized over their estimated useful lives and reviewed for impairment whenever there is an indication that the asset may be impaired. The amortization period and the amortization method for intangible assets are reviewed at least at each year-end. The carrying amount of these assets is reviewed whenever events or changes in circumstances indicate that the carrying value of an asset may not be recoverable. If the asset is considered to be impaired, the amount of any impairment is measured as the difference between the carrying value and the fair value of the impaired asset. An expenditure incurred in development activities, including the Group’s software development is capitalized only where it clearly increases the economic benefits to be derived from the asset to which it relates, the expenditure will lead to new or substantially improved products, the products are technically and commercially feasible and the Group has sufficient resources to complete the development and reach the stage for which the product is ready for use. All other expenditure, including those incurred in order to maintain an intangible assets current level of performance, is expensed as incurred. Share-based compensation The Group measures the share-based expense and the cost of equity-settled transactions with employees and service providers by reference to the fair value of the equity instruments at the date at which they are granted. The Group selected the Black-Scholes model as the Group’s option pricing model to estimate the fair value of the Group’s options awards. The model is based on share price, grant date and on assumptions regarding expected volatility, expected life of the options, expected dividend, and a no risk interest rate. As for granted options which are settled in equity instruments, the fair value of the options at the grant date is charged to the statement of comprehensive loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognized over the vesting period is based on the number of options that eventually vest. New standards, interpretations and amendments adopted from January 1, 2023 The following amendments are effective for the period beginning January 1, 2023: Disclosure of Accounting Policies (Amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements); In February 2021, the IASB issued amendments to IAS 1 and IFRS Practice Statement 2. The amendments aim to make accounting policy disclosures more informative by replacing the requirement to disclose ‘significant accounting policies’ with ‘material accounting policy information’. The amendments also provide guidance under what circumstance, the accounting policy information is likely to be considered material and therefore requiring disclosure. These amendments have no effect on the measurement or presentation of any items in the consolidated financial statements of the Group but affect the disclosure of accounting policies of the Group. Definition of Accounting Estimates (Amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors); The amendments to IAS 8, which added the definition of accounting estimates, clarify that the effects of a change in an input or measurement technique are changes in accounting estimates , SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS (CONT.): New standards, interpretations and amendments not yet effective The Group has not early adopted any other standard, interpretation or amendment that has been issued but is not yet effective. There are a number of standards, amendments to standards, and interpretations which have been issued by the IASB that are effective in future accounting periods that the Group has decided not to adopt early. The following amendments are effective for the period beginning January 1, 2024: ● IFRS 16 Leases (Amendment – Liability in a Sale and Leaseback) ● IAS 1 Presentation of Financial Statements (Amendment – Classification of Liabilities as Current or Non-current) ● Non-current Liabilities with Covenants (Amendments to IAS 1 Presentation of Financial Statements); and ● Supplier Finance Arrangements (Amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures). The following amendments are effective for the period beginning January 1, 2025: ● Lack of Exchangeability (Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates). The Group is currently assessing the impact of these new accounting standards and amendments. The Group does not expect any other standards issued by the IASB, but not yet effective, to have a material impact on the Group. SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS (CONT.): H. The significant accounting judgments, estimates and assumptions followed in the preparation of the financial statements, on a consistent basis, are: In the process of applying the significant accounting policies, the Group has made the following judgments which have the most significant effect on the amounts recognized in the financial statements. The preparation of the financial statements requires management to make estimates and assumptions that have an effect on the application of the accounting policies and on the reported amounts of assets, liabilities, revenues and expenses. Changes in accounting estimates are reported in the period of the change in estimate. The key assumptions made in the financial statements are discussed below. Share based compensation The Group has a share-based remuneration scheme for employees. The fair value of share options is estimated by using the Black-Scholes model, which was derived to model the value of the firm’s equity over time. The simulation model was designed to take into account the unique terms and conditions of the performance shares and share options, as well as the capital structure of the firm and the volatility of its assets, on the date of grant based on certain assumptions. Those conditions are described in the share-based compensation note and include, among others, the dividend growth rate, expected share price volatility and expected life of the options. The fair value of the equity settled options granted is charged to statement of profit or loss over the vesting period of each tranche and the credit is taken to equity, based on the consolidated entity’s estimate of shares that will eventually vest. Intangible assets The Group capitalizes costs for its developed projects when specific criteria are met. Initial capitalization of costs is based on management’s judgement that technological and economic feasibility is achievable, usually when a product development project has reached a defined milestone according to an established project management model. The management makes assumptions regarding the expected future economic benefit to be derived from the intangible asset and therefore whether the capitalized costs are expected to be recovered. This amount of capitalized costs includes significant investment in the development of marking and reading capabilities in the subject material. Prior to being marketed, the Group will obtain a proof-of-concept pilot with an industry leading partner. The innovative nature of the product gives rise to some judgement as to whether the proof-of-concept will be suc

TRUE GOLD BUSINESS COMBINATION

TRUE GOLD BUSINESS COMBINATION	12 Months Ended
	Dec. 31, 2023
TRUE GOLD BUSINESS COMBINATION	NOTE 3 – TRUE GOLD BUSINESS COMBINATION On October 3, 2023 (acquisition date), the Company signed an agreement with True Gold Consortium Pty Ltd. (“TrueGold”) shareholders to acquire an additional 7.5 51.9 The Company previously held 44.4 22,164 22,164 The Company has elected to measure the non-controlling interests in TrueGold at full fair value which includes also the non-controlling interests’ share in the entire goodwill of TrueGold. The fair value of the non-controlling interests in TrueGold was based on the fair value of TrueGold as a whole, as described above, and was estimated using the discounted cash flow method of the income approach, as TrueGold is a private company and therefore quoted market prices of its share were unavailable. The fair value has been determined by management with the assistance of a valuation performed by an external and independent valuation specialist using valuation techniques and assumptions as to estimates of projected net future cash flows of TrueGold and estimate of the suitable discount rate for these cash flows. The significant assumptions used in estimating the fair value of TrueGold are: 1. After-tax net cash flow discount rate (weighted average cost of capital) of 24.8 2. Terminal value cash flow multiple of 4.59 3 3. Discount for lack of marketability of 25.2 11.17 33.12 The total cost of the business combination comprised a full forgiveness of the outstanding payables from TrueGold to the Company which amounted to AUD 475 307 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 3 – TRUE GOLD BUSINESS COMBINATION (CONT.): The fair value of the identifiable assets and liabilities of TrueGold on the acquisition date: SCHEDULE OF FAIR VALUE OF THE IDENTIFIABLE ASSETS AND LIABILITIES US$ in thousands Cash and cash equivalents 13 Other current receivables 155 Intangible asset (core technology license) 10,449 Trade payables 277 Net identifiable assets 10,340 Non-controlling interests (20,826 ) Goodwill 32,957 Loan to TrueGold 307 Fair value of previous investment 22,164 Fair value of identifiable assets and liabilities 22,471 The only intangible asset identified in the purchase price allocation, and recognized as shown in the table above, represents a core technology license that reflects the existence of underlying technology that has value through its continued use or re-use in many products or many generations of a singular product (that is, a product family). As mentioned above, this licensee represents the current right of TrueGold to use the Company’s intellectual property of technology under a license agreement signed in 2020. For the purpose of the purchase price allocation, this right was treated as a reacquired right and accordingly was recognized separately from goodwill and valued on the basis of the remaining contractual term of the related contract, regardless of whether market participants would consider potential contractual renewals. After acquisition, this intangible asset should be amortized in according to its economic useful life. The Company has not yet began amortizing the asset and is assessing the economic useful life of it. See also Note 7. The goodwill arising from acquisition is attributed to the expected benefits from the synergies of the combination of the activities of the Company and TrueGold. The goodwill recognized is not expected to be deductible for income tax purposes. From the acquisition date, TrueGold has contributed $ 155 692

OTHER CURRENT ASSETS

OTHER CURRENT ASSETS	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
OTHER CURRENT ASSETS	NOTE 4 - OTHER CURRENT ASSETS SCHEDULE OF OTHER CURRENT ASSETS December 31, 2023 December 31, 2022 Prepaid expenses 142 * 3,157 Tax authorities 257 358 Proof of concept receivables 148 86 Other 87 72 Total 634 3,673 * Includes $ 3,123 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands)

PROPERTY, PLANT AND EQUIPMENT,

PROPERTY, PLANT AND EQUIPMENT, NET:	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
PROPERTY, PLANT AND EQUIPMENT, NET:	NOTE 5 - PROPERTY, PLANT AND EQUIPMENT, NET: SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT Leasehold improvements Machines and Equipment Furniture and Office Equipment Computers Total Cost At January 1, 2023 63 1,147 65 102 1,377 Additions 15 5 7 4 31 Deductions - - - - - Depreciation - - - - - Currency translation adjustments (3 ) (6 ) (3 ) (4 ) (16 ) At December 31, 2023 75 1,146 69 102 1,392 Accumulated depreciation At January 1, 2023 18 699 31 74 822 Depreciation 6 151 7 16 180 Currency translation adjustments - (18 ) (1 ) (2 ) (21 ) At December 31, 2023 24 832 37 88 981 Net book value at December 31, 2023 51 314 32 14 411 Leasehold improvements Machines and Equipment Furniture and Office Equipment Computers Total Cost At January 1, 2022 81 1,233 83 99 1,496 Additions - 135 - 17 152 Deductions - - - - - Depreciation - - - - - Currency translation adjustments (18 ) (221 ) (18 ) (14 ) (271 ) At December 31, 2022 63 1,147 65 102 1,377 Accumulated depreciation At January 1, 2022 20 645 33 72 770 Depreciation 4 202 7 19 232 Currency translation adjustments (6 ) (148 ) (9 ) (17 ) (180 ) At December 31, 2022 18 699 31 74 822 Net book value at December 31, 2022 45 448 34 28 555 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands)

INVESTMENTS IN ASSOCIATED COMPA

INVESTMENTS IN ASSOCIATED COMPANIES	12 Months Ended
	Dec. 31, 2023
Investments In Associated Companies
INVESTMENTS IN ASSOCIATED COMPANIES	NOTE 6 - INVESTMENTS IN ASSOCIATED COMPANIES SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES Entity Country of Incorporation Percentage Owned December 31, 2023 Percentage Owned December 31, 2022 Yahaloma Technologies Inc. Canada 50 % 50 % True Gold Consortium Pty Ltd. Australia 51.9 % 44.4 % The proportion of ownership interest is equal to the proportion of voting power held. Yahaloma Technologies Inc . On April 30, 2019, Security Matters Ltd. signed an agreement with Trifecta Industries Inc. (“Trifecta”) for the commercialization of Security Matters Ltd.’s trace technology in the diamonds and precious stone industry. Under the terms of the agreement, Security Matters Ltd. and Trifecta established a new entity – Yahaloma Technologies Inc. (“Yahaloma”), which is equally held by Security Matters Limited and Trifecta. Yahaloma will have the exclusive rights and responsibility to commercialize the Group’s intellectual property in the area of diamonds or precious stone. Management has assessed the transaction and reached the conclusion that the new entity is jointly controlled by Security Matters Limited and Trifecta. Management has further determined that the contractual arrangement provides the parties to the joint arrangement with rights to the net assets of the arrangement. The contractual arrangement establishes each party’s share in the profit or loss relating to the activities of the arrangement. The arrangement is a joint venture and the Company’s interests in this joint venture is accounted for using the equity method of accounting. True Gold Consortium Pty Ltd On July 29, 2020, the Company signed a shareholders’ agreement with W.A. Mint Pty Ltd. and TrueGold. The purpose of the agreement is to set the framework for TrueGold’s activity. TrueGold’s goal is to establish an industry standard with the development of an innovative system that can mark (at a molecular level), track and trace gold bars and gold through every stage of the supply chain with blockchain technology. Under the terms of the agreement, TrueGold will be equally held by the above two-mentioned entities, with the goal of adding other shareholders. The Company’s management has assessed the transaction and reached the conclusion that the new entity is jointly controlled by Security Matters Limited, and W.A. Mint Pty Ltd. The Company’s management has further determined that the contractual arrangement provides the parties to the joint arrangement with rights to the net assets of the arrangement. The contractual arrangement establishes each party’s share in the profit or loss relating to the activities of the arrangement. The arrangement is a joint venture and the Company’s interests in this joint venture is accounted for using the equity method of accounting. During 2023 the Company acquired an additional 7.5 % and gained control in TrueGold. See also note 3. SMX Beverages Pty Ltd On February 10, 2020, the Company signed an agreement with Global BevCo Pty Ltd. (“Global BevCo”), an Australian company for the commercialization of Group’s trace technology in the alcoholic beverages industry. Under the terms of the agreement, the Company and Global BevCo established a new private entity, SMX Beverages Pty Ltd (“SMX-B”), which is equally held by the above two-mentioned entities. The Company has the exclusive rights and responsibility to commercialize the Group’s intellectual property in the area of alcoholic beverages. The joint arrangement is a joint venture and the Company’s interests in its associate is accounted for using the equity method of accounting. On December 24, 2021, the Company signed an agreement with Global BevCo to acquire the remaining 50 % shares in SMX-B in exchange for 8,000,001 options of the Company at exercise price of AUD 0.4 , with an expiration date of March 25, 2027 . Total fair value is AUD 960,000 (USD 721,424 ), and the acquisition was settled on March 25, 2022. The Company assigned the consideration to technology license intellectual property. The total fair value of the options was determined according to Black-Scholes model, free rate interest of 2.5 %, expected life 5 years. The acquisition agreement also provides a five-year consulting agreement to Global BevCo including AUD 13,500 per month and a 5 % revenue share for referred clients. SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands)

INTANGIBLE ASSETS, NET

INTANGIBLE ASSETS, NET	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
INTANGIBLE ASSETS, NET	NOTE 7 - INTANGIBLE ASSETS, NET SUMMARY OF INTANGIBLE ASSETS NET Capitalization of development cost Purchased license Core Technology License Total US$ in thousands US$ in thousands US$ in thousands US$ in thousands COST As of January 1, 2023 4,372 655 - 5,027 Cost, beginning balance 4,372 655 - 5,027 Capitalized development cost 977 157 10,449 11,583 Currency translation adjustments (7 ) 7 - - As of December 31, 2023 5,342 819 10,449 16,610 Cost, ending balance 5,342 819 10,449 16,610 Accumulated amortization As of January 1, 2023 127 - - 127 Accumulated amortization, beginning balance 127 - - 127 Amortization - - - - Currency translation adjustments (3 ) - - (3 ) As of December 31, 2023 124 - - 124 Accumulated amortization, ending balances 124 - - 124 Net book value as of December 31, 2023 5,218 819 10,449 16,486 Net book value 5,218 819 10,449 16,486 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 7 - Intangible assets, NET Capitalization of development cost Purchased license Total US$ in thousands US$ in thousands US$ in thousands COST As of January 1, 2022 4,024 - 4,024 Cost, beginning balance 4,024 - 4,024 Capitalized development cost 975 721 1,696 Currency translation adjustments (500 ) (66 ) (566 ) As of December 31, 2022 4,499 655 5,154 Cost, ending balance 4,499 655 5,154 Accumulated amortization As of January 1, 2022 116 - 116 Accumulated amortization, beginning balance 116 - 116 Amortization 14 - 14 Currency translation adjustments (3 ) - (3 ) As of December 31, 2022 127 - 127 Accumulated amortization, ending balance 127 - 127 Net book value as of December 31, 2022 4,372 655 5,027 Net book value 4,372 655 5,027 An intangible asset at the amount of 145 Intangible assets as of December 31, 2023, consist of capitalized development costs of the Group’s technology as well as the cost of the exclusive license intellectual property ( 662 50 In addition, intangible asset as of December 31, 2023, consist also of core technology license raised from the TrueGold business combination that reflects the existence of underlying technology that has value through its continued use or re-use in many products or many generations of a singular product (that is, a product family). See also Note 3.

CONVERTIBLE NOTES

CONVERTIBLE NOTES	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Disclosure of financial assets [abstract]
CONVERTIBLE NOTES	NOTE 3 – CONVERTIBLE NOTES 1. On April 11, 2024, the Company entered into Securities Purchase Agreements for the issuance of promissory note and warrants to an institutional investor, Alpha, as follows: A. Unsecured note (the “Alpha April Note”) in the principal amount of $ 2,250 . The Alpha April Note carries an original issue discount (OID) of 10 %, bears 12 % interest per year, and its maturity date is in 12 months from issue date. Alpha has the right to convert the outstanding principal and interest into Ordinary Shares at $ 18 per share, with certain adjustments. If the Company is no longer restricted from variable rate transactions, the investor may convert at a 15 % discount based on the lowest weighted average price during the 15 trading days before conversion. Any such conversion is subject to customary conversion limitations set forth in the Alpha April Note so the investor beneficially owns less 4.99 % of the Company’s Ordinary Shares. Additionally, the Company has the right to convert in whole or in part the April Note into Ordinary Shares; provided that in no case shall the Company so convert the Alpha April Note if the result of the issuance of Ordinary Shares thereby would result in the beneficial ownership of the investor of Ordinary Shares in excess of 4.99 2 is applied if the Company fails to deliver shares upon conversion. If an event of default occurs, the Alpha April Note’s outstanding principal and interest increase by 120%, or 500% in specific default situations, with default interest at the lesser of 24.5% or the maximum legal rate. The Alpha April Note also includes restrictions against variable security transactions. SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data) NOTE 3 - convertible notes B. A 5.5 157,673 11.775 4.99 The Company also entered into a Registration Rights Agreement to register the Ordinary Shares underlying the Alpha April Note and warrants for resale. C. Inducement offer which amends the Company’s existing warrants B’s held by Alpha issued in September 2023 (see note 3.3) to a reduced exercise price of $ 0.165 The 5.5 The Alpha April Note is a financial liability which will be measured in accordance with the amortized cost method and its conversion option is a derivative financial liability measured at fair value through profit or loss. As of June 30, 2024, the 5.5 749 343 730 As of June 30, 2024 the fair value of the 5.5 year warrant was calculated using Black & Scholes 72.76 % and the risk-free interest rate used is 4.33 %. As of June 30, 2024 the fair value of the conversion option was calculated using Monte Carlo model with cost of equity capital of 22.2 % and the yield of bond is 14.78 %. As of April 11, 2024, the 5.5 1,090 268 527 As of April 11, 2024 the fair value of the 5.5 year warrant was calculated using Black & Scholes 73.43 % and the risk-free interest rate used is 4.61 %. As of April 11, 2024 the fair value of the conversion option was calculated using Monte Carlo model with cost of equity capital of 22.2% and the yield of bond is 16.99% . 2. On February 24, 2024, the Company issued a convertible security with a face value of $ 407 350 0 6 15 18 Additionally, the Company issued the investor 1,333 warrants, exercisable for 60 months at an exercise price of $3.75 per share, without price-based anti-dilution adjustments. The convertible security is accounted in accordance with the amortized cost model and amounted to $388 as of June 30, 2024, see also note 9(6) and 9(10). The convert option and the warrants meet the fixed-for-fixed criterion of IAS 32, resulting in being classified as equity. SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data) NOTE 3 - convertible notes 3. On September 6, 2023, the Company consummated the transactions pursuant to a Securities Purchase Agreement dated September 5, 2023, and issued and sold to an institutional investor (Alpha) a convertible promissory note with a fixed conversion price of $ 122.835 52,387 34,925 2,574 52,387 0.165 34,925 122.835 4,290 2,574 40 12 122.835 Any such conversion is subject to customary conversion limitations set forth in the Purchase Agreement, so the investor beneficially owns less than 4.99% of the Company’s ordinary shares. Additionally, the Company has the right to convert in whole or in part the note into ordinary shares; provided that in no case shall the Company so convert the note if the result of the issuance of Ordinary Shares thereby would result in the beneficial ownership of the investor of ordinary shares in excess of 4.99% The note was recognized in accordance with the amortized cost method. As of June 30, 2024, Alpha converted all of the principal amount of the convertible promissory note into an aggregate of 34,925 Ordinary Shares and exercised all warrant A’s and As of December 31, 2023, the note’s principal amounted to $ 1 4. On January 25, 2023, the Company received an amount of $ 250 250 December 31, 2024 15 10 20 As part of the Convertible Note agreements, the investor was granted two types of warrants: (i) Bonus Warrants – 167 862.50 five years (ii) Redeemable Warrants – 167 862.50 five years 375 The investor has the option to decide that the Company will satisfy any or each redemption through the issuance of ordinary shares of the Company based upon a 20 The Convertible Notes are recorded in accordance with their fair value. The Redeemable Warrants are accounted for as a derivative financial liability. Management utilized a third-party appraiser to assist them in valuing the Convertible Notes and Redeemable Warrants. In order to calculate the fair value of the Convertible Notes as of June 30, 2024, the Company discounted the payment schedule by a discount rate of 26.96 The fair value of the Redeemable Warrants was calculated using Monte-Carlo simulation model with expected volatility of 63.16 4.46 349 74 In order to calculate the fair value of the Convertible Notes as of December 31,2023, the Company discounted the payment schedule by a discount rate of 32.2 73.74 3.91 304 73 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data)	NOTE 8 - CONVERTIBLE NOTES A. On January 25, 2023, the Company received an amount of $ 250 250 December 31, 2024 15 10 20 As part of the Convertible Note agreements, the investor was granted two types of warrants: (i) Bonus Warrants - 12,500 11.50 five years (ii) Redeemable Warrants – 12,500 11.50 five years 5.00 The investor has the option to decide that the Company will satisfy any or each redemption through the issuance of ordinary shares of the Company based upon a 20 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 8 - CONVERTIBLE NOTES The Convertible Notes are recorded in accordance with their fair value. The Redeemable Warrants are accounted for as a derivative financial liability. Management utilized a third-party appraiser to assist them in valuing the Convertible Notes and Redeemable Warrants. In order to calculate the fair value of the Convertible Notes, the Company discounted the payment schedule by a discount rate of 32.2 The fair value of the Redeemable Warrants was calculated using Monte-Carlo simulation model with expected volatility of 73.74 3.91 304 73 B. In May 2022, Security Matters PTY Ltd. issued 828,240 1 0.7 828 569 six months (i) if Security Matters PTY Ltd. executes a binding agreement for an M&A transaction or receives USD 20 million or more in return for the issuance of shares on or before December 31, 2022, the principal amount of each 2022 Convertible Note will automatically be converted into shares in Security Matters PTY Ltd. The issuance price per share will be calculated at a 20% discount to the higher of the offer price or price paid by the investors participating in the qualified transaction, as such term is defined in the 2022 Convertible Notes agreement, subject to a floor cap of no lower than AUD 0.15 (USD 0.11) per share. In July 2022, Security Matters PTY Ltd. entered into the Business Combination Agreement that will be subject to de-listing of the Company’s ordinary share capital from the Australian Stock Exchange following receiving an Australian court approval of the future merger (ii) if Security Matters PTY Ltd. has not executed a binding agreement for a qualified transaction until December 31, 2022, the 2022 Convertible Notes balance will automatically convert into ordinary shares at that date. The issuance price per share will be calculated at a 20% discount to the 5-21 day volume weighted average price to December 31, 2022, as such term is defined in the Convertible Notes agreement, subject to a cap of no lower than AUD 0.15 (USD 0.11) per share, and on December 31, 2022 the investors will also be issued unlisted two year options on a 1:2 basis with an exercise price of AUD 0.45 (USD 0.32) per share 563 1,000,000 1,000,000 C. On September 6, 2023, the Company consummated the transactions pursuant to a Securities Purchase Agreement dated as of September 5, 2023 and issued and sold to an institutional investor a convertible promissory note with a fixed conversion price of $ 1.6378 , 3,929,051 warrants As and 2,619,367 warrants Bs, for gross proceeds to SMX of approximately $ 2,358 , before deducting fees and other offering expenses payable by the Company to their service providers. The warrant As are exercisable into 3,929,051 ordinary shares at an exercise price of $ 0.0022 per, share subject to customary adjustments and may be exercised at any time until the five-year anniversary of the Warrant As. The warrant Bs are exercisable into 2,619,367 ordinary shares at an exercise price of $ 1.6378 per share, subject to customary adjustments and may be exercised at any time until the five year anniversary of the warrant Bs. The warrant As and Bs, meet the fixed-for-fixed criterion of IAS 32, resulting in being classified as equity. The note is in the principal amount of $ 4,290 . The actual amount loaned by the investor pursuant to the Note is $ 2,574 after a 40 % original issue discount. The maturity date of the note is the 12-month anniversary of the Effective Date, and is the date upon which the principal amount, as well as any accrued and unpaid interest and other fees, shall be due and payable. Interest accrues in the amount of 12 % per year and shall be payable on the maturity date or upon acceleration or by prepayment or otherwise. The investor has the right, at any time, to convert all or any portion of the then outstanding and unpaid principal amount and interest (including any costs, fees and charges) into the Company’s ordinary shares, at a fixed conversion price of $ 1.6378 per share. Any such conversion is subject to customary conversion limitations set forth in the Purchase Agreement so the investor beneficially owns less than 4.99% of the Company’s ordinary shares. Additionally, the Company has the right to convert in whole or in part the note into ordinary shares; provided that in no case shall the Company so convert the note if the result of the issuance of Ordinary Shares thereby would result in the beneficial ownership of the investor of ordinary shares in excess of 4.99% . SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 8 - CONVERTIBLE NOTES (CONT.): The promissory note was recognized base on the amortized cost method. As of December 31, 2023, the note principle amounted to $ 1 million and during the period $ 2.1 million of promissory note was converted to shares. As of the date of publication of these financial statements, the Company’s institutional investor has converted all of the principle of the convertible promissory note into an aggregate of 2,619,377 Ordinary Shares and exercised the Warrant A and B for 3,789,264 2,619,367 .

BRIDGE LOANS LIABILITIES

BRIDGE LOANS LIABILITIES	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
BRIDGE LOANS LIABILITIES	NOTE 9 - BRIDGE LOANS LIABILITIES Between August 2022 to January 2023, Security Matters PTY Ltd. entered into bridge loan agreements (the “Bridge Loans”) with eleven lenders, which lent Security Matters PTY Ltd. an aggregate amount of $ 3,860 two years 10 As of December 31, 2023, the principal and the accumulated interest of the bridge loans were $ 1,739 As part of the Bridge Loans agreements, some of the lenders were granted two types of warrants: (i) Bonus Warrants - 11,045 253 The Bonus Warrants term is five years Management utilized a third-party appraiser to assist them in valuing the Bonus Warrants The fair value of the Bonus Warrants was calculated using the Black and Scholes model. As of December 31, 2023, and as of December 31, 2022, the fair value of the Bonus Warrants was nil 24 (i) Redeemable Warrants Type 1 - 15,545 253 five years ) ● 50.00 110 ● 25.00 ● 25.00 110 Management utilized a third-party appraiser to assist them in valuing the Redeemable Warrants Type 1. The fair value of the Redeemable Warrants Type 1 was calculated using Monte-Carlo simulation model. As of December 31, 2023, and as of December 31, 2022, the fair value of the Redeemable Warrants Type 1 was $ 72 1,973 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 9 - BRIDGE LOANS LIABILITIES (CONT.): (ii) Redeemable Warrants Type 2 – 10,454 253 five years ) ● 50.00 110 ● 50.00 110 Management utilized a third-party appraiser to assist them in valuing the Redeemable Warrants Type 2. The fair value of the Redeemable Warrants Type 2 was calculated using Monte-Carlo simulation model. As of December 31, 2023, and as of December 31, 2022, the fair value of the Redeemable Warrants Type 2 was $421 696 Each investor has the option to decide that the Company will satisfy any or each redemption through the issuance of ordinary shares of the Company based upon a 20% discount to the 20-trading day VWAP preceding each such anniversary The main assumptions used in the three valuation models as of December 31, 2023 described above were: (1) risk free rate 3.91 73.74 4.18 The main assumptions used in the three valuation models as of December 31, 2022 described above were: (1) risk free rate 3.99 81.03 5.18 On March 2023, the Company signed an addendum to the Bridge Loans agreements which convert principal amount of $ 1,350 and redeemable warrants at the amount of $ 1,000 into 872,418 ordinary shares On December 31, 2023, the Company signed an addendum to the Bridge Loans agreements which convert principal amount of $ 750 1,450 4,032,256 4,032,256 4,032,256 1.17 The warrants include a cashless exercise mechanism, according to the terms specified in the addendum and according to the lender election. (the “Cashless Warrants”). Therefore, the Company accounts for the Cashless Warrants as financial liability instruments that measured at fair value and recognized financial expenses or income through profit and loss. The Company valued each Cashless Warrants at $ 0.25 ● risk-free interest rate 4.13 ● expected volatility 70.39 ● expected dividend yield of 0 ● expected term of warrants – 3 As of December 31, 2023 the Cashless Warrants fair value was $ 1,023 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands)

PRE-PAID ADVANCE

PRE-PAID ADVANCE	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
PRE-PAID ADVANCE	NOTE 10 - PRE-PAID ADVANCE In February 2023, the Company entered into a Standby Equity Purchase Agreement (“SEPA”) to raise up to $ 25,000 (i) equal to 96% of the weighted average price (“VWAP”) of the common stock during the applicable pricing period or (ii) equal to 97% of the lowest VWAP of the common stock during a pricing period of 3 consecutive trading days commencing on the relevant period. 3,500 1,500 2,000 92.0% 3.65 1.10 1.10 500 1,500 1,300 1,979 377 On April 13, 2024, the Company exercised its right of termination under the SEPA and sent Yorkville a written termination letter, which is effective 30,000

LEASES

LEASES	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
LEASES	NOTE 11 – LEASES The Group has lease contracts for office facilities (including a lab) and motor vehicles used in its operations. Leases of office and lab facilities generally have lease term of 12 3 Set out below are the carrying amounts of right-of-use assets recognized and the movements during the period: SCHEDULE OF RIGHT OF USE ASSETS Office and lab facilities Motor vehicles Total At January 1, 2022 446 20 466 Additions 49 - 49 Foreign currency translation (35 ) (6 ) (41 ) Deductions (7 ) (14 ) (21 ) Depreciation expense (39 ) - (39 ) As at December 31, 2022 414 - 414 Right-of-use assets, beginning balance 414 - 414 Additions - 26 26 Foreign currency translation (6 ) - (6 ) Deductions - - - Depreciation expense (42 ) (3 ) (45 ) As at December 31, 2023 366 23 389 Right-of-use assets, ending balance 366 23 389 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 11 - LEASES (CONT.): Information on leases: SCHEDULE OF INFORMATION ON LEASE 2023 2022 Year ended December 31, 2023 2022 Interest expense on lease liabilities 32 51 Total cash outflow for leases 45 39 For an analysis of maturity dates of lease liabilities, see Note 22 on liquidity risk.

OTHER PAYABLES

OTHER PAYABLES	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
OTHER PAYABLES	NOTE 12 - OTHER PAYABLES SCHEDULE OF OTHER PAYABLES December 31, 2023 December 31, 2022 Employees, salaries and related liabilities 726 392 Related party 4 56 Liabilities for grants received (see also note 20) 153 50 Excise Tax 1,569 - Other 31 152 Total 2,483 650

BORROWINGS FROM RELATED PARTIES

BORROWINGS FROM RELATED PARTIES	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
BORROWINGS FROM RELATED PARTIES	NOTE 13 - BORROWINGS FROM RELATED PARTIES In 2015, the Group signed an agreement to receive a loan of ILS 2 513 4% SCHEDULE OF BORROWINGS FROM RELATED PARTIES December 31, 2023 December 31, 2022 Balance at January 1, 710 270 Borrowings from related parties, beginning balance 710 270 Payment of borrowings (657 ) (172 ) Provision for bonus (include interest) - 621 Exchange rate differences (53 ) (9 ) Balance at December 31, - 710 Borrowings from related parties, ending balance - 710 In consideration of providing funding as a seed capitalist, the Company agreed to provide, as additional consideration, a bonus payments (the “Bonus Payments”) on the occurrence of an exit or major liquidity event. In any way, the Bonus Payments are capped at ILS 3 965 The Bonus Payments are intended to operate in one of the two trigger events: (i) dividend distributions paid by the Company; or (ii) the sale of shares by a lender in Security Matters Ltd. (either in the event of a takeover or otherwise) Only if the aggregate amounts of one of the two trigger events exceeds the investment of the lenders in the Company (in a way of loan or shares), then the lender would be entitled the Bonus Payments based on a formula set forth in the agreement. The amount of the Bonus Payments is the amount that exceeds the aggregate sum invested in the Company (in a way of loan or shares) by the lender divided by several factors according to the formula as set forth in the agreement. SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 13 - BORROWINGS FROM RELATED PARTIES (CONT.): There is no time limit to pay the Bonus Payments. Once the Company has paid each Bonus Payment in its entirety (i.e., the cap of ILS 3 87 In August 2022 the loan from related party has been fully repaid and the Company signed an addendum to the loan agreement that reduces the total amount of the Bonus Payments to ILS 2.5 million (approximately 710 ), to be paid upon the completion of the business combination. As of December 31, 2022, the liability was 710 On September 19, 2023, the Company amended its loan agreements dated September 7, 2015, by and between the Company, its shareholders and Kamea Fund (the “Loan Agreements”). Pursuant to the amendment to the Loan Agreements, Kamea agreed to convert $ 657 487,281

SHAREHOLDERS_ EQUITY

SHAREHOLDERS’ EQUITY	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Disclosure of classes of share capital [abstract]
SHAREHOLDERS’ EQUITY	NOTE 5 - SHAREHOLDERS’ EQUITY A. Share capital: SCHEDULE OF SHARE CAPITAL Number of shares June 30, 2024 December 31, 2023 Authorized Issued and outstanding Authorized Issued and outstanding Ordinary shares 0.165 484,848,485 610,496 484,848,485 135,812 Preferred shares 0.0001 200,000,000,000 - 200,000,000,000 - Deferred shares 1 25,000 25,000 25,000 25,000 Ordinary shares Ordinary shares entitle the holder to participate in dividends and the proceeds on the winding up of the Company in proportion to the number of and amounts paid on the shares held. The fully paid ordinary shares have a par value per share of $ 0.165 75:1 reverse stock split Preferred shares preferred shares with such designation, rights and preferences as may be determined from time to time by the Company’s Board of Directors. Deferred shares Deferred Ordinary Shares are non-voting shares and do not convey upon the holder the right to be paid a dividend or to receive notice of or to attend, vote or speak at a general meeting. The Deferred Shares confer the right on a return of capital, on a winding-up or otherwise, only to the repayment of the nominal value paid up on the Deferred Shares after repayment of the nominal value of the Ordinary Shares. B. Changes in share capital: 1) In January 2024, pursuant to an inducement letter, the holders of reset warrants exercised 6,061 warrants at an exercise price of $ 0.165 per warrant, and as a result we issued an aggregate of 6,061 Ordinary Shares. 2) On January 4, 2024, the Company issued 1,333 3) Pursuant to Letter Agreement with YA II PN Ltd signed on February 2, 2024, the Company issued during the first quarter of 2024, 35,659 527 3,333 3,333 0.165 4) On February 1, 2024, the Company issued 6,667 5) Following the underwritten public offering closed on February 20, 2024, During the third quarter of 2024, the Company issued 46,169 18 115,493 17.835 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data) NOTE 5 - SHAREHOLDERS’ EQUITY (CONT.) 6) Pursuant to a private placement binding term sheet dated February 28, 2024, the Company issued 1,333 3.75 7) On February 29, 2024, the Company’s Board of Directors approved a grant of 20,000 12,148 8) On March 4, 2024, the Company’s Board of Directors approved the issuance of 1,333 9) During the six months period ending June 30, 2024, an institutional investor converted $ 2.3 19,102 52,387 10) On April 11, 2024 pursuant to a Securities Purchase Agreement, the Company issued 157,673 11.775 34,925 122.835 0.165 6 25,383 11.775 11) During April 2024, the Company issued an aggregate of 9,200 11,881 3,086 84,032 12) On April 24, 2024, the Company issued an institutional investor 36,341 1.5 13) During the second quarter of 2024 the Company converted $ 569 42,573 14) On June 27, 2024, the Company converted $ 119 11,699 900 0.165 C. Incentive Equity Plan In April 25, 2023, the Company’s board of directors and its shareholders approved and adopted the SMX Public Limited Company 2022 Incentive Equity Plan, which was subsequently amended the Company’s board of directors, subject to applicable Nasdaq requirements, which reserved for grant a number of ordinary shares equal to 15 3,080 5 9,871 20,000 29,871 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data) NOTE 5 – SHAREHOLDERS’ EQUITY (CONT.) 1. During the six-month period ended June 30, 2024, the Company granted 20,000 0.4 1,088 RSUs granted to employees, directors and service providers: SCHEDULE OF RESTRICTED STOCK UNIT Six months June 30, 2024 Six months June 30, 2023 Outstanding at beginning of period 2 - Granted 20 3 Vested (13 ) (1 ) Outstanding at June 30, 2023 9 2 2. The share-based payment expenses due to options granted to employees and service providers that were recognized in the six-month period ended June 30, 2024 amounted to $ 1	NOTE 14 - SHAREHOLDERS’ EQUITY A. Share capital: SCHEDULE OF SHARE CAPITAL Number of shares December 31, 2023 December 31, 2022 Authorized Issued and outstanding Authorized Issued and outstanding Ordinary shares 0.0022 36,363,636,364 10,185,909 22,727,272 - Preferred shares 0.0001 200,000,000,000 - - - Deferred shares 1 25,000 25,000 25,000 25,000 Ordinary shares Ordinary shares entitle the holder to participate in dividends and the proceeds on the winding up of the Company in proportion to the number of and amounts paid on the shares held. The fully paid ordinary shares have a par value per share of $ 0.0022 Preferred shares Preferred shares with such designation, rights and preferences as may be determined from time to time by the Company’s Board of Directors. Deferred shares Deferred Ordinary Shares are non-voting shares and do not convey upon the holder the right to be paid a dividend or to receive notice of or to attend, vote or speak at a general meeting. The Deferred Shares confer the right on a return of capital, on a winding-up or otherwise, only to the repayment of the nominal value paid up on the Deferred Shares after repayment of the nominal value of the Ordinary Shares. SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 14 - SHAREHOLDERS’ EQUITY (CONT.): B. Changes in Share capital 1. On March 7, 2023 (the “Closing Date”), the Company consummated the Business Combination as described in Note 1B. Beginning on the day immediately prior to the Closing Date and ending on the day immediately after the Closing Date, the following transactions occurred: a) The AUD 828,240 1,000,000 b) Security Matters PTY Ltd. performed acceleration of vesting for all unvested warrants and options, the expense for the acceleration amounted to $ 186 c) 32,211,716 24,568,773 d) 848,784 193,500,379 shareholders received as consideration 1 ordinary share of the Company per 10.3624 Security Matters PTY Ltd.’s ordinary shares e) The Company issued 160,227 2,200,000 6,250,000 11.5 0.0204 f) The Company issued 303,053 3,110 g) The Company issued 872,418 1,350 200,000 5 5 11.5 2. During 2023, the Company issued 1,237,751 4,196 1,979 3. On June 22, 2023, the Company entered into an underwriting agreement (the “Underwriting Agreement”) with EF Hutton, LLC (the “Underwriter”) relating to the public offering of (i) 606,061 0.24 606,061 606,061 0.24 606,061 606,061 0.24 The Company also granted the Underwriter a 45-day option to subscribe for, in the aggregate, (a) up to 90,909 0.24 90,909 0.2399 0.0 001 90,909 90,909 0.24 90,909 90,909 0.24 The offering closed on June 27, 2023. The Company delivered the Firm Shares (or Firm Share equivalents in the form of Pre-Funded Warrants), the Firm Warrants and the Option Warrants to the Underwriter on the same day. The Warrant A terms specify that the warrants may be exercised at any time on or before June 27, 2028. On or after the earlier of (i) the thirty day anniversary of the date of the Underwriting Agreement and (ii) the date on which the aggregate composite trading volume of the Company’s ordinary shares as reported by Bloomberg LP beginning on the date of the Underwriting Agreement exceeds 681,818 ordinary shares, a holder of Warrant A warrants may also provide notice and elect a “cashless exercise” pursuant to which the holder would receive an aggregate number of ordinary shares equal to the product of (x) the aggregate number of ordinary shares that would be issuable upon a cash exercise and (y) $0.50. As of the date of the authorization of these financial statements, an aggregate of 690,096 345,349 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 14 - SHAREHOLDERS’ EQUITY (CONT.): On December 8, 2023, the Company consummated an inducement offer letter agreement with certain holders of the Company’s outstanding Warrant Bs to purchase Ordinary Shares of the Company. The Warrant Bs were issued on June 27, 2022 and had an exercise price of $ 5.28 Pursuant to the inducement letter, the holders agreed to exercise for cash their Warrant Bs to purchase an aggregate of 606,060 1.15 909,090 (i) $0.0022 per share in an amount not to exceed 75% of the New Warrant Shares, or (ii) $1.15 per share, in the discretion of the warrant holders. The Company received aggregate gross proceeds, before payment of transaction fees and expenses, of $ 697 In accordance with IAS 32, the Company measured the difference between the fair value of the consideration the holder receives on conversion of the instrument under the revised terms and the fair value of the consideration the holder would have received under the original terms, was recognized as a loss in profit or loss. The Company utilized Black-Scholes valuation model to calculate the fair values of the repriced warrants both before and after the repricing and recognized the incremental fair value of $ 209 909,090 865 Warrant A was valued at $0.067 which is half of the share market price at the end of the period, assuming cashless exercise. Warrants A were considered to be a derivative financial liability. The terms of the warrant Bs specify that each warrant has a cash exercise price of $ 0.24 0.0602 70.39 4.13 2,580 660 666,667 0.264 0.0575 70.39 4.13 4. On August 8, 2023, at the Extraordinary General Meeting of Shareholders of the Company, the Company’s shareholders voted in favor of consolidating every twenty-two ordinary shares in the authorized but unissued and in the authorized and issued share capital of the Company into one ordinary share (the “Reverse Stock Split”). On August 21, 2023, the Company’s ordinary shares began trading on the Nasdaq Global Market on a post-Reverse Stock Split basis under the current symbol “SMX”. 5. On September 19, 2023, the Company amended its loan agreements dated September 7, 2015, by and between the Company, its shareholders and Kamea Fund (the “Loan Agreements”). Pursuant to the amendment to the Loan Agreements, Kamea agreed to convert $ 657 487,281 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 14 - SHAREHOLDERS’ EQUITY (CONT.): 6. On December 31,2023 The Company also issued 457,682 260 C. Options granted to employees and service providers: 1. In June 2018, Security Matters PTY Ltd. has adopted a Share Option Plan (the “Plan”) to provide an incentive to retain, in the employment or service or directorship of the Group and provide the ability to attract new employees, directors or consultants whose services are considered valuable. The persons eligible to participate in the Plan include employees, directors and consultants of Security Matters PTY Ltd. or any subsidiary. On March 7, 2023 as part of the SPAC transaction. These options were exercised on a cashless basis and then after replaced to the Company’s shares. See also note 14B1(c-d). 2. In March 7, 2023 Security Matters PTY Ltd. performed acceleration of vesting for all unvested warrants and options, the expense for the acceleration amounted to $ 186 3. In April 25, 2023, the Company’s board of directors and its shareholders approved and adopted the SMX Public Limited Company 2022 Incentive Equity Plan, which was subsequently amended the Company’s board of directors, subject to applicable Nasdaq requirements, which reserved for grant a number of ordinary shares equal to 15 5,082,417 4. During the period ended December 31, 2023, the Company granted 197,000 1 1.09 2,820 RSUs granted to employees, directors and service providers: SCHEDULE OF RESTRICTED STOCK UNIT Year ended December 31, 2023 (in thousands) Year ended December 31, 2022 (in thousands) Outstanding at beginning of period - - Granted 197 - Vested (57 ) - Forfeited (4 ) - Outstanding at December 31, 2023 136 - SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 14 - SHAREHOLDERS’ EQUITY (CONT.): 5. During the year ended December 31, 2023, the Company granted 38,656 22.71 88 4 5 219 184 A summary of the status of the Company’s Share Option Plan granted to employees and service providers (including performance-based awards) and changes during the relevant period ended on that date is presented below: SCHEDULE OF SHARE OPTION GRANTED Year ended Year ended Number of options Weighted average Exercise price (USD) Number of options (in thousands) Weighted average Exercise price (USD) Outstanding at beginning of year 57 44.22 73 41.85 Issue of options 38 82.04 17 41.85 Expired (30 ) 31.02 (33 ) 34.10 Outstanding at end of year 65 69.92 57 54.25 Exercisable options 58 68.67 38 43.40 The options to employees and service providers outstanding as of December 31, 2023, are comprised, as follows: SCHEDULE OF OPTIONS TO EMPLOYEES OUTSTANDING Exercise price (USD) Outstanding as of December 31, 2023 Weighted average remaining contractual term Exercisable as of Weighted average remaining contractual term (years) (years) 18.70 23.32 5 2.46 5 2.46 29.48 31.02 3 3.21 3 3.21 40.48 48.18 6 1.41 6 1.41 52.80 56.10 9 2.26 9 2.26 78.54 88.00 35 4.40 28 4.38 93.28 108.90 7 3.03 7 3.03 65 58 1. The options issued in 2023, were valued using the Black-Scholes pricing model. The main parameters which were used are: (1) risk-free rate: 3.58 3.42 78.35 73.01 5 0 2. The options issued in 2022, were valued using the Black-Scholes pricing model. The main parameters which were used are: (1) risk-free rate: 3.09 4.68 %; (2) expected volatility: 62.06 85.03 %: (3) expected term: up to 5 years; and (4) expected dividend yield: 0 %. SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands)

RESEARCH AND DEVELOPMENT EXPENS

RESEARCH AND DEVELOPMENT EXPENSES, NET	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
RESEARCH AND DEVELOPMENT EXPENSES, NET	NOTE 15 - RESEARCH AND DEVELOPMENT EXPENSES, NET SCHEDULE OF RESEARCH AND DEVELOPMENT EXPENSE December 31, 2023 December 31, 2022 December 31, 2021 Salaries and related expenses 2,228 2,166 1,795 Subcontractors and consultants 344 374 631 Materials and laboratory expenses 223 316 252 Depreciation and amortization 197 255 287 Share based compensation 447 127 100 Travel expenses 87 50 42 Freight 33 30 23 Other 10 6 - Reimbursement from paid pilots and proof of concept projects (858 ) (1,426 ) (1,091 ) Total 2,711 1,898 2,039

GENERAL AND ADMINISTRATIVE EXPE

GENERAL AND ADMINISTRATIVE EXPENSES	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
General And Administrative Expenses
GENERAL AND ADMINISTRATIVE EXPENSES	NOTE 6 - GENERAL AND ADMINISTRATIVE EXPENSES SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES Six Months Period Ended June 30, 2024 June 30, 2023 US$ in thousands US$ in thousands Professional services 1,699 869 Share based compensation 1,056 1,805 Wages and salaries related 789 664 Transaction cost 460 7,792 Insurance 457 329 Nasdaq expenses 168 1,442 Travel expenses 126 379 Office and maintenance 68 37 Depreciation and amortization 15 15 Others 10 18 Total 4,848 13,350 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data)	NOTE 16 - GENERAL AND ADMINISTRATIVE EXPENSES SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES December 31, 2023 December 31, 2022 December 31, 2021 BCA transaction cost 7,278 - - Professional services 667 1,105 1,089 Public company expenses 5,128 - - Wages and salaries related 1,348 935 752 Travel expenses 611 223 - Office and maintenance 170 145 116 Share based compensation 1,222 137 331 Insurance 50 60 102 Depreciation and amortization 30 35 28 Other 63 83 64 Total 16,567 2,723 2,482

TAXES ON INCOME

TAXES ON INCOME	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
TAXES ON INCOME	NOTE 17 - TAXES ON INCOME 1. The Company is incorporated and domiciled in Ireland where the applicable tax rate is 12.5% 2. Theoretical tax: SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE December 31, 2023 December 31, 2022 December 31, 2021 Reconciliation of income tax at the statutory rate Loss before income tax (20,989 ) (6,184 ) (4,939 ) Theoretical tax rate of 12.5% (2,624 ) (1,701 ) (1,358 ) Tax effect amounts which are not deductible/(taxable) in calculating taxable income: Non-deductible expenditure and others 3254 335 118 Unrecognized temporary differences and tax losses for which deferred tax weren’t recognized (630 ) 1,366 1,240 Income tax / (benefit) — — — 3. As of December 31, 2023, the Group has estimated carry forward tax losses of approximately $45,095 (2022: $24,106 2021 :$17,659 ) which may be carried forward and offset against taxable income for an indefinite period in the future. The Group did not recognize deferred tax assets relating to carry forward losses in the financial statements because their utilization in the foreseeable future is not probable. SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands)

LOSS PER SHARE

LOSS PER SHARE	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Earnings per share [abstract]
LOSS PER SHARE	NOTE 7 - LOSS PER SHARE SCHEDULE OF LOSS PER SHARE Six months ended June 30, 2024 June 30, 2023 Net loss attributable to the owners of the Company $ (10,886 ) $ (33,009 ) Basic and diluted loss per share (0.005 ) (0.001 ) Weighted average number of ordinary shares used in calculating basic and diluted loss per share (in thousands) 376 11 * After giving effect to the reverse stock split on July 11, 2024 (see also Note 1.E) The calculation of the basic and diluted loss per share for all periods presented has been adjusted retrospectively based on the new number of shares as derived from the conversion ratio.	NOTE 18 - LOSS PER SHARE SCHEDULE OF LOSS PER SHARE December 31, 2023 December 31, 2022 December 31, 2021 Net loss attributable to the owners of the company (20,914 ) (6,184 ) (4,939 ) Basic and diluted loss per share * (586 ) * (635 ) * (556 ) Weighted average number of ordinary shares used in calculating basic and diluted loss per share 36 10 9 * Restated as a result of the SPAC transaction and after giving effect to the reverse share splits described in Notes 14B(4) and 24.12, the calculation of the basic and diluted loss per share for all past periods presented have been adjusted retrospectively based on the new number of shares as derived from the conversion ratio.

RELATED PARTIES

RELATED PARTIES	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Related Parties
RELATED PARTIES	NOTE 8 - RELATED PARTIES Key Management Personnel Compensation and other related party transactions and balances: The key management personnel, among others, include board members, CEO and CFO. The totals of remuneration paid to Key Management Personnel and related parties during the years are as follows : SCHEDULE OF KEY MANAGEMENT PERSONNEL 1. Transactions with related parties: June 30, 2024 Short-term salary and fees 379 Share based payments 900 Post-employment retirement benefits 39 Non-monetary benefits 21 Payments for legal services 180 Revaluation of financial liabilities at fair value 344 Payments for consultant services 566 Key management personnel compensation 2,429 SCHEDULE OF BALANCE WITH RELATED PARTIES 2. Balance with related parties: June 30, 2024 December 31, 2023 Key management Salary and related (257 ) (219 ) Shareholders Trade payables 16 (58 ) Shareholders Derivatives - (476 ) Joint Ventures Other receivables 15 15 Joint Ventures Investment in subsidiary 115 115 (111 ) (623 )	NOTE 19 - RELATED PARTIES Key Management Personnel Compensation and other related party transactions and balances: The key management personnel, among others includes board members, CEO and CFO. The totals of remuneration paid to Key Management Personnel and related parties during the years are as follows : SCHEDULE OF KEY MANAGEMENT PERSONNEL 1. Transactions with related parties: December 31, 2023 December 31, 2022 Issuance of options to related party - 721 Short-term salary and fees 803 508 Short-term salary until deletion 22 - Loan repayment - 172 Conversion of loan to ordinary shares 657 - Share based payments 2,084 98 Post-employment retirement benefits 98 94 Payment for Administrative services 34 36 Non-monetary benefits 49 29 Payments for legal services 287 - Revaluation of financial liabilities at fair value 1,204 - Proof of Concept projects paid by affiliated companies - (1,064 ) Key management personnel compensation 5,238 594 SCHEDULE OF BALANCE WITH RELATED PARTIES 2. Balance with related parties: December 31, 2023 December 31, 2022 Key management Salary and related (219 ) (99 ) Directors Salary and related - (82 ) Shareholders Borrowings from related parties - (710 ) Shareholders Other accounts payable (3 ) (56 ) Shareholders Trade payables (58 ) - Shareholders Derivatives (476 ) - Joint Ventures Other receivables 15 59 Joint Ventures Investment in subsidiary 115 221 (626 ) (667 ) SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands)

GOVERNMENT GRANTS

GOVERNMENT GRANTS	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
GOVERNMENT GRANTS	NOTE 20 - GOVERNMENT GRANTS The Government of Israel encourages research and development projects oriented towards products for export or projects which will otherwise benefit the Israeli economy. This is conducted via the Israel Innovation Authority (IIA), which replaced the former Office of the Chief Scientist (OCS). The Group has an approved project with the IIA under which it received a total of $ 162 3% 0 Until October 25, 2023, the interest was calculated at a rate based on 12-month London Interbank Offered Rate, or LIBOR applicable to US Dollar deposits. However, on October 25, 2023, the IIA published a directive concerning changes in royalties to address the expiration of the LIBOR. Under such directive, regarding IIA grants approved by the IIA prior to January 1, 2024 but which are outstanding thereafter, as of January 1, 2024 the annual interest will be calculated at a rate based on 12-month Secured Overnight Financing Rate, the SOFR, or at an alternative rate published by the Bank of Israel plus 0.71513%; and, for grants approved on or following January 1, 2024 the annual interest will be the higher of (i) the 12 months SOFR interest rate, plus 1%, or (ii) a fixed annual interest rate of 4% SCHEDULE OF GOVERNMENT GRANTS December 31, 2023 December 31, 2022 Short term liability at year end 153 50 Long term liability at year end - 85 Total 153 135

COMMITMENTS AND CONTINGENT LIAB

COMMITMENTS AND CONTINGENT LIABILITIES	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
COMMITMENTS AND CONTINGENT LIABILITIES	NOTE 21 - COMMITMENTS AND CONTINGENT LIABILITIES As part of the Board’s ongoing regulatory compliance process, the Board continues to monitor legal and regulatory developments and their potential impact on the Company. Management is not aware of any contingencies that may have a significant impact on the financial position of the Company. 1. In January 2015, the Company entered an agreement with Isorad Ltd. (a company wholly owned by the State of Israel with rights to exclusively commercialize the Soreq Research Center technology for civilian uses), according to which the Company was granted technological license in return for future royalties based on 2.2% 1% 2% On January 2023, the Company signed an amendment to the agreement that determine the following: (1) for the BCA with Lionheart, Isorad was issued (a) 864,000 options to purchase shares of the Company, the options were issued in January 2023 and valued using the Black-Scholes pricing model. The main assumptions which were used are: (1) risk-free rate: 3.42% ; (2) expected volatility: 81.92% : (3) expected term: up to 3 years; and (4) expected dividend yield: 0 The fair value of these options was $ 33 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 21 - COMMITMENTS AND CONTINGENT LIABILITIES (CONT.): (2) Additionally, Isorad will be entitled to 1% of any amount actually received against equity or other funding convertible into equity at the closing of the transaction and until 13 months thereafter (to be paid after reaching an aggregated received amount of 27 million, or at the end of such 13 months, the earlier thereof). As of December 31, 2023, based on the funds the Company actually received, the Company recognized a technology license intellectual property at the amount of $ 123 (3) Exit fee - in the occurrence of the first M&A event (as such event is defined in such agreement to include mergers, sale of all or substantially all the assets of the Company and similar event) after the closing of the BCA, the Company is to pay a cash amount equal to 1.5% of the amount received or transferred. This will not apply to any future offer of shares, merger or sale of assets thereafter.

FINANCIAL INSTRUMENTS AND RISK

FINANCIAL INSTRUMENTS AND RISK MANAGEMENT	12 Months Ended
	Dec. 31, 2023
Financial Instruments And Risk Management
FINANCIAL INSTRUMENTS AND RISK MANAGEMENT	NOTE 22 - FINANCIAL INSTRUMENTS AND RISK MANAGEMENT Composition of the Group’s financial assets and financial liabilities: SCHEDULE OF FINANCIAL ASSETS AND IMPACT OF CREDIT EXPOSURE 2023 2022 December 31, 2023 2022 Financial assets at amortized cost: Cash and cash equivalents 168 1,398 Other current receivables 424 3,673 Total financial assets 592 5,071 SCHEDULE OF FINANCIAL LIABILITIES FAIR VALUE THROUGH PROFIT OR LOSS 2023 2022 December 31, 2023 2022 Financial liabilities at fair value through profit or loss: Convertible notes 377 563 Trade and other payables 12,487 3,622 Bridge loans 2,233 3,682 Pre-paid advance 700 - Derivatives 1,143 - Total financial liabilities at fair value through profit or loss 16,940 7,867 Financial liabilities at amortized cost: Convertible promissory note 1,013 - Lease liabilities 649 - Government grants 153 - Borrowing from related parties - - Total financial liabilities at amortized cost 1,815 - Total financial liabilities 18,755 7,867 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 22 - FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (CONT.): Financial risk management objectives The Group’s activities expose it to a variety of financial risks such as market risks (foreign currency risk), credit risk and liquidity risk. The Company’s management oversees the management of these risks, focusing on the unpredictability of financial markets and seeks to minimize potential adverse effects on the financial performance of the Group. The Group uses different methods to monitor different types of risk to which it is exposed. These methods include sensitivity analysis in the case of foreign exchange, ageing analysis for credit risk and maturity analysis in respect of liquidity risk. Market risk Market risk is the risk that the fair value of future cash flows of a financial instrument will fluctuate because of changes in market prices, which in the group’s case refers only to foreign currency risk. Financial instruments affected by this risk include, loans and borrowings and short-term payables and receivables. Foreign currency risk Currency risk is the risk that the value of financial instruments will fluctuate due to changes in foreign exchange rates. Currency risk arises when future commercial transactions and recognized assets and liabilities are denominated in a currency that is not the functional currency. The Group is exposed to foreign exchange risk arising from currency exposure primarily with respect to the NIS and Euro. As of December 31, 2023, the Group has excess financial liabilities over financial assets in foreign currencies in relation to the NIS, AUD, SGD and EUR totaling approximately $ 1,651 , $ 185 $ 142 and $ 101 , respectively (December 31, 2022: approximately $ 729 , $ 1265 $ 0 and $ 34 , respectively). Foreign currency sensitivity analysis The following table demonstrates the sensitivity test to a reasonably possible change of 10% in EUR and NIS exchange rates against the USD, with all other variables held constant. The impact on the Group’s net loss (tax effect is not relevant) and equity is due to changes in the fair value of monetary assets and liabilities including non-designated foreign currency derivatives and embedded derivatives. The Company’s exposure to foreign currency changes for all other currencies is immaterial . SCHEDULE OF FOREIGN CURRENCY SENSITIVITY ANALYSIS Change in NIS rate Effect on net loss December 31, 2023 10 % 165 December 31, 2022 10 % 73 Change in AUD rate Effect on net loss December 31, 2023 10 % 19 December 31, 2022 10 % 127 Change in SGD rate Effect on net loss December 31, 2023 10 % 14 December 31, 2022 10 % - Change in EUR rate Effect on net loss December 31, 2023 10 % 10 December 31, 2022 10 % 3 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 22 - FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (CONT.): Credit risk Credit risk is the risk that a counterparty will not meet its obligations as a customer or under a financial instrument leading to a loss to the Group. The Group is exposed to credit risk from its operating activity (other receivables and cash balances). The Group’s main financial assets are cash and cash equivalents as well as other receivables and their carrying amounts represent the Group’s maximum exposure to credit risk. Credit risk from balances with banks and financial institutions is managed by the Group’s management in accordance with the Group’s policy. Wherever possible and commercially practical, the Group holds cash with major financial institutions in Israel and Australia which the Company’s management regards as financially solid. Liquidity risk Liquidity risk is the risk that an entity will encounter difficulty in meeting obligations associated with financial liabilities that are settled by delivering cash or another financial asset. The Group has procedures to minimize such loss by maintaining sufficient cash and other highly liquid current assets and by having available an adequate amount of committed credit facilities. As of the balance sheet date, the Group has a positive working capital. The following tables detail the Group’s remaining contractual maturity for its financial liabilities. The tables have been drawn up based on the undiscounted cash flows of financial liabilities based on the earliest date on which the Group can be required to pay. As of December 31, 2023 SCHEDULE OF UNDISCOUNTED FINANCIAL LIABILITIES Less than one year 1 to 2 years 2 to 3 years 3 to 4 years 4 to 5 years >5 years Total Trade and other payables 12,487 - - - - - 12,487 Bridge loans 1,750 453 15 15 - - 2,233 Government grants 153 - - - - - 153 Lease liability 81 81 74 74 74 265 649 Convertible promissory note 1,013 - - - - - 1,013 Pre-paid advance 700 - - - - - - 700 Convertible note 377 - - - - - 377 Financial derivatives 1,143 - - - - - 1,143 17,704 534 89 89 74 265 18,755 As of December 31, 2022 Less than one year 1 to 2 years 2 to 3 years 3 to 4 years 4 to 5 years >5 years Total Trade and other payables 3,622 - - - - - 3,622 Bridge loans - 1,031 - - - - 1,031 Government grants 75 84 - - - - 159 Lease liability 72 72 72 72 72 353 713 Borrowings from related parties 710 - - - - - 710 4,479 1,187 72 72 72 353 6,235 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands)

FAIR VALUE MEASUREMENT

FAIR VALUE MEASUREMENT	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
FAIR VALUE MEASUREMENT	NOTE 23 - FAIR VALUE MEASUREMENT Fair value hierarchy The following tables detail the consolidated entity’s assets and liabilities, measured or disclosed at fair value, using a three-level hierarchy, based on the lowest level of input that is significant to the entire fair value measurement, being: Level 1: Quoted prices (unadjusted) in active markets for identical assets or liabilities that the entity can access at the measurement date Level 2: Inputs other than quoted prices included within Level 1 that are observable for the asset or liability, either directly or indirectly Level 3: Unobservable inputs for the asset or liability. SCHEDULE OF UNOBSERVABLE FOR ASSETS OR LIABILITY As of December 31, 2023 Level 1 Level 2 Level 3 Total US$ in thousands Liabilities Derivative financial liabilities - - 1,707 1,707 Tradable warrants 2 - - 2 Total 2 - 1,707 1,709 As of December 31, 2022 Level 1 Level 2 Level 3 Total US$ in thousands Liabilities Derivative financial liabilities - - 1,031 1,031 Total - - 1,031 1,031

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Disclosure of non-adjusting events after reporting period [abstract]
SUBSEQUENT EVENTS	NOTE 9 - SUBSEQUENT EVENTS Since the reporting date, the following significant events have occurred: 1. On July 15, 2024, the Company’s Ordinary Shares began trading on the Nasdaq Capital Market post-reverse stock split of 75:1 75 1 0.0022 0.165 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data) NOTE 9 - SUBSEQUENT EVENTS (CONT.) 2. On July 19, 2024, the Company entered into a Securities Purchase Agreement with an institutional investor, resulting in the issuance of a promissory note (the “Note”) and warrants (the “Warrant”) for gross proceeds of $ 747 35 1,150 12 months The Investor may convert the Note into the Company’s Ordinary Shares at a conversion price based on the lower of $6.10 or 80% of the 20-day volume-weighted average price, subject to a 4.99% beneficial ownership limitation. In case of default, the outstanding principal plus accrued interest increases to 120%, and a 24.5% per annum default interest rate applies. The accompanying Warrant, exercisable for 208,524 shares at $6.23 per share, is valid for five and a half years and includes anti-dilution protections and a 4.99% ownership cap. The Company used the net proceeds for working capital and general corporate purposes and is subject to certain restrictions and covenants under the Purchase Agreement. The Company also agreed to register the resale of shares underlying the Note and Warrant under a Registration Rights Agreement. 3. On July 10, 2024, the Company entered into a Letter of Intent (LOI) with PMB Partners, LP (“PMB”). Under the LOI, the Company restructured $ 1.3 million of its debt to PMB. Subsequently, the Company entered into definitive agreements reflecting the terms of the LOI. 800 Convertible Promissory Note with 15 % interest ( 20 % default interest), maturing on December 31, 2024 , and a $ 500 Promissory Note with similar terms. Additionally, PMB exchanged its shares in a subsidiary, True Gold Consortium Pty Ltd, for 29,116 Company shares. The Company also issued 51,810 shares as consideration for PMB’s waivers and releases related to the debt. The Company agreed to register all shares issued to PMB for resale. 4. On August 30, 2024 the Company entered into transactions pursuant to a Securities Purchase Agreement and issued and sold to an institutional investor a promissory note, for gross proceeds to the Company of $ 194.5 223.6 29 10 The maturity date of the Note is June 30, 2025. 123 30 30 30 30 2 In the event of an Event of Default, (i) the Note shall become immediately due and payable, (ii) the principal and interest balance of the Note shall be increased by 150% and (ii) the Note may be converted into ordinary shares of the Company (“Ordinary Shares”) at the sole discretion of the Investor. The conversion price shall equal the lowest closing bid price of the Ordinary Shares during the prior ten trading day period multiplied by 75% (representing a 25% discount). Any such conversion is subject to customary conversion limitations set forth in the note so the Investor beneficially owns less than 4.99% of the Company’s Ordinary Shares. 1.5 9 5. On July 21, 2024, the Company granted 6,873 6.23 6. On August 24, 2024, the Company extended a previous convertible security maturity date to February 24, 2025. 407 1.5 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data) NOTE 9 - SUBSEQUENT EVENTS (CONT.) 7. On August 29, 2024, the Company amended its 2022 Incentive Equity Plan (the “Incentive Plan”), to increase the number of authorized Ordinary Shares under the Incentive Plan to 1,524,752 29,871 411,263 682,594 8. On September 11, 2024, the Company entered into a private placement transaction pursuant to a Securities Purchase Agreement and a Registration Rights Agreement with certain institutional investors for aggregate gross proceeds of $ 5,350 5,350,000 1.00 1.00 0.9999 0.0001 1.00 expire 66 months after the initial issuance date 0.00001 20 1,072 12.0 10 10) On September 16, 2024, 22,611 ordinary shares following the partial conversion of an outstanding as amended	NOTE 24 - SUBSEQUENT EVENTS Since the reporting date the following significant events have occurred: 1. The financial statements were authorized for issuance on April 19, 2024, except for Note 24.12 which was authorized on August 12, 2024. 2. On January 12, 2024 the Company announced that it entered into a $ 5 3. In January 2024, pursuant to the inducement letter described in note 14(3), the holders of the new 909,090 454,544 454,544 4. In February 2024, the Company entered into a Letter Agreement with Yorkville dated February 1, 2024 (the “Letter Agreement”), which amends the SEPA. Pursuant to the Letter Agreement, the Company agreed to make payments to Yorkville, which may include proceeds of Advances under the SEPA, to repay the amounts outstanding under the Pre-Paid Advance plus payment premium. The Company agreed to pay a fee to Yorkville equal to $ 200 The Company further agreed to issue to Yorkville a 5-year warrant to purchase 250,000 0.0022 5. On February 20, 2024, the Company closed an underwritten public offering of 12,124,666 0.24 1-for-1 basis 0.2378 2.9 2.66 6. On February 28, 2024, in connection with a private placement binding term sheet, the Company issued (i) a convertible security to an investor relating to a loan in the principal amount of $ 407 0.5 350 7. On February 29, 2024, the Company’s Board of Directors approved a grant of 1,500,000 166,667 8. On March 4, 2024, the Company’s Board of Directors approved the issuance of 100,000 9. On April 11, 2024 the Company entered into a Securities Purchase Agreement and issued and sold to an institutional investor a promissory note and warrants, for gross proceeds of approximately US$ 2.0 2,250 2.0 10% 12% 5 11,825,508 0.157 2,619,367 1.6378 0.0022 6 10. On April 19, 2024, the Company entered into a Stock Purchase Agreement (the “SPA”) with an institutional investor, pursuant to which the investor has committed to purchase from time to time from the Company, up to $ 30,000 of the Company’s ordinary shares, subject to the terms and conditions specified in the SPA. Subject to the terms and conditions of the SPA, the Company has the right from time to time at its discretion, any time after the three month anniversary of the shares underlying the SPA being registered for resale pursuant to the Registration Rights Agreement referred to below, to direct Alpha to purchase a specified amount of the Company’s ordinary shares (each such sale, a “Put”) by delivering written notice to Alpha (each, a “Put Notice”). There is a $20 mandatory minimum amount for any Put and it may not exceed $500 in any consecutive 30-day period, subject to a volume threshold equal to the quotient of (a) the number of ordinary shares requested by the Company in a Put Notice divided by (b) 0.30. The ordinary shares will be purchased at a price equal to: (a) 95% of the lowest daily traded price of the Company’s ordinary shares during the five trading day valuation period (provided that it shall not be less than a Company-specified minimum acceptable price) (“Market Price”), if the market price of the ordinary shares is over $1.00; (b) 90% of the Market Price, if the market price of the ordinary shares is between $0.80 and $1.00: (c) 85% of the Market Price, if the market price of the ordinary shares is between $0.60 and $0.80; (d) 80% of the Market Price, if the market price of the ordinary shares is between $0.40 and $0.60; (e) 75% of the Market Price, if the market price of the ordinary shares is between $0.20 and $0.40; and (f) 50% of the Market Price, if the market price of the ordinary shares is below $0.20. The SPA contains restrictions on the Company’s ability to enter into any Variable Rate Transaction (as defined in the SPA), as described in the SPA The obligations of the investor to accept any Put pursuant to a Put Notice is subject to customary conditions, including that it is not required to purchase any ordinary shares pursuant to a Put if it would result in it beneficially owning in excess of 4.99% of the Company’s ordinary shares, and that the ordinary shares subject to the Put be registered for resale. The Company agreed to pay a commitment fee to the investor equal to 1.5% of the commitment amount, payable in shares, or 2,725,621 The SPA will automatically terminate on the earliest to occur of (a) the first day of the month next following the 36-month anniversary of the date of the SPA or (ii) the date on which the investor shall have made payment of Puts pursuant to the SPA for ordinary shares equal to $ 30,000 11. As of the date of publication of these financial statements, the Company’s institutional investor has converted all of the principal of the convertible promissory note into an aggregate of 2,619,377 3,789,264 2,619,367 12. On July 11, of a reverse stock split (the “Post-reverse stock split”) which was approved by the on June 11, 2024 75 shares of par value US$0.0022 each will be consolidated into 1 share of par value US$0.165 Post-reverse stock split (see also Note 18) INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS AS OF JUNE 30, 2024 UNAUDITED As of June 30, 2024 As of December 31, 2023 Note US$ in thousands Current assets Cash and cash equivalents - 168 Other current receivables 373 634 Total current assets 373 802 Non-current assets Intangible assets, net 16,450 16,486 Goodwill 32,957 32,957 Property, plant and equipment, net 316 411 Right of use assets 348 389 Investment in associated companies 115 115 Total non-current assets 50,186 50,358 Total assets 50,559 51,160 Current liabilities Bank overdraft 21 - Trade payables 11,654 10,515 Other payables 3,440 2,483 Convertible notes 3 1,883 1,390 Warrants - derivative financial liability 749 1,143 Pre-paid advance 4.1 - 700 Bridge loans liabilities 4.4 2,023 1,750 Lease liabilities 42 41 Total current liabilities 19,812 18,022 Non-current liabilities Lease liabilities 388 411 Bridge loans liabilities 4.4 - 483 Total non-current liabilities 388 894 Total liabilities 20,200 18,916 Equity Issued capital and additional paid in capital 5 71,810 62,901 Foreign currency translation reserve (419 ) (491 ) Accumulated losses (61,627 ) (50,934 ) Total equity attributable to owners of the parent 9,764 11,476 Non- controlling interest 20,595 20,768 Total equity 30,359 32,244 Total liabilities and shareholders’ equity 50,559 51,160 /s/ Amir Bader /s/ Haggai Alon /s/ Ophir Sternberg October X, 2024 Amir Bader Interim Chief Financial Officer Haggai Alon Chief Executive Officer Ophir Sternberg Board of Directors Chair Date of approval of financial statements The accompanying notes are an integral part of the financial statements. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS UNAUDITED June 30, 2024 June 30, 2023 For the Six-Month Period Ended June 30, 2024 June 30, 2023 Note US$ in thousands except share and per share data General and administrative expenses 6 4,848 13,350 Selling and marketing expenses 2,719 228 Research and development expenses, net 1,689 1,172 Listing expenses - 16,802 Operating loss (9,256 ) (31,552 ) Finance income 1,602 1,143 Finance expenses 3,232 2,496 Share of net loss of associated companies - 104 Loss before income tax (10,886 ) (33,009 ) Income tax - - Loss after income tax for the period attributable to shareholders (10,886 ) (33,009 ) Other comprehensive loss: Items that will not be reclassified to profit or loss: Adjustments arising from translating financial statements from functional currency to presentation currency (117 ) (400 ) Items that will or may be reclassified to profit or loss: Exchange losses arising on translation of foreign operations 209 235 Total other comprehensive loss 92 (165 ) Total comprehensive loss (10,794 ) (33,174 ) Net loss attributable to: Equity holders of the Company (10,693 ) - Non- controlling interest (193 ) - Loss per share attribute to the shareholders Basic and diluted loss per share attribute to shareholders (in dollar) 7 * (0.005 ) * (0.001 ) * After giving effect to the reverse stock split on July 11, 2024 (see also Note 1.E) The accompanying notes are an integral part of the consolidated financial statements. UNAUDITED INTERIM CONDENSED CONSOLIDATED CHANGES IN SHAREHOLDERS’ EQUITY (DEFICIT) (US$ in thousands) Issued capital and Additional paid-in capital Foreign currency translation reserve Accumulated loss Total equity attributable to owners of the parent Non- controlling interests Total equity Balance as of January 1, 2024 62,901 (491 ) (50,934 ) 11,476 20,768 32,244 Comprehensive loss Loss after income tax for the period - - (10,693 ) (10,693 ) (193 ) (10,886 ) Other comprehensive loss for the period - 72 - 72 20 92 Total comprehensive loss for the period - 72 (10,693 ) (10,621 ) (173 ) (10,794 ) Conversion of financial liabilities into ordinary shares. 655 - - 655 - 655 Exercise of warrants into ordinary shares 504 - - 504 - 504 Conversion of warrants- derivative financial liabilities into ordinary shares 314 - - 314 - 314 Conversion of convertible promissory note into ordinary shares 2,346 - - 2,346 - 2,346 Issuance of investment units 2,699 - - 2,699 - 2,699 Issuance of ordinary shares and warrants 698 - - 698 - 698 Share based compensation 1,693 - - 1,693 - 1,693 Balance as of June 30, 2024 71,810 (419 ) (61,627 ) 9,764 20,595 30,359 The accompanying notes are an integral part of the consolidated financial statements. (*) Represents an amount lower than US$ 1 thousand, see Note 2D. UNAUDITED INTERIM CONDENSED CONSOLIDATED CHANGES IN SHAREHOLDERS’ EQUITY (DEFICIT) (US$ in thousands) Issued Additional paid-in capital Foreign currency translation reserve Accumulated loss Total equity Balance as of January 1, 2023 32,713 (537 ) (30,020 ) 2,156 Balance 32,713 (537 ) (30,020 ) 2,156 Comprehensive loss Loss after income tax for the period - - (33,009 ) (33,009 ) Other comprehensive loss for the period - (165 ) - (165 ) Total comprehensive loss for the period - (165 ) (33,009 ) (33,174 ) Issuance of shares, net 170 - - 170 Recapitalization due to issuance of shares following the SPAC transaction, net 11,460 - - 11,460 Share-based compensation 2,092 - - 2,092 Conversion of convertible notes to shares 175 - - 175 Conversion of bridge loans to shares 2,983 - - 2,983 Exercise of options 10 - - 10 Conversion of warrants A to ordinary shares, net (See note 5.2) 290 290 Issuance of Security Bundle, net (See note 5.2) 1,837 - - 1,837 Balance as of June 30, 2023 51,730 (702 ) (63,029 ) (12,001 ) Balance 51,730 (702 ) (63,029 ) (12,001 ) The accompanying notes are an integral part of the consolidated financial statements. (*) Represents an amount lower than US$ 1 thousand, see Note 2D. UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (US$ in thousands) June 30, 2024 June 30, 2023 For the Six Months Ended June 30, 2024 June 30, 2023 US$ in thousands Cash flows from operating activities: Net Loss (10,693 ) (33,009 ) Share-based compensation 1,623 2,092 Depreciation and amortization 111 114 Increase in other receivables 246 2,575 Increase in trade payables 1,155 2,545 Increase in other payables 1,238 70 Decrease in other liabilities - 13 Revaluation of financial liabilities at fair value (949 ) (41 ) Financial expenses due to bridge loans principal amounts (53 ) 1421 Interest on leases 32 7 Interest expenses / (income) and revaluation of convertible notes 1,871 (382 ) Provision of borrowing to related parties - 14 Issuance of ordinary shares due to commitment fee- see note 4(3) 460 - Issuance of ordinary shares due to underwriter’s fee- see note 5B(4) 238 - Share of net loss of associated companies - 104 Issuance cost due to inducement Alpha warrants B’s exercise price 185 - SPAC transaction - listing costs - 16,802 Net cash flow used in operating activities (4,536 ) (7,675 ) Cash flows from investing activities: Purchase of property, plant and equipment (166 ) (10 ) Capitalized development cost - (383 ) Net cash flow used in investing activities (166 ) (393 ) The accompanying notes are an integral part of the consolidated financial statements. UNAUDITED INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (US$ in thousands) For the Six Months Ended June 30, 2024 June 30, 2024 US$ in thousands Cash flows from financing activities: Payment of lease liabilities (40 ) (21 ) Proceeds from issuance of convertible notes and security 350 250 Proceeds from bridge loans - 550 Repayment of bridge loans (30 ) (30 ) Proceeds from the issuance of Alpha new Note, warrants and derivative financial liability 2,025 2,811 Proceeds from (repayment of) Pre-Paid Advance (423 ) 3,220 Proceeds from the issuance of shares and warrants 2,698 - Exercise of warrants into ordinary shares 35 - Overdraft 21 - Issuance of shares in the SPAC transaction, net - 2,923 Net cash flow from financing activities 4,636 9,703 Increase (decrease) in cash and cash equivalents (66 ) 1,635 Cash and cash equivalents at beginning of period 168 1,398 Exchange rate differences on cash and cash equivalent (102 ) (13 ) Cash and cash equivalents at end of period - 3,020 For the Six Months Ended June 30, 2024 June 30, 2023 US$ in thousands Appendix A – Non-Cash transactions during the period: Conversion of financial liability into ordinary shares 597 450 Conversion of warrants into ordinary shares - 290 Conversion of bridge loans and derivative financial liability into ordinary shares and warrants 128 2,983 Exercise of warrants into ordinary shares 458 2,229 Conversion of convertible notes into ordinary shares 2,346 175 Issuance cost due to inducement Alpha warrants B’s exercise price 107 - The accompanying notes are an integral part of the consolidated financial statements. NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data)

MATERIAL EVENTS DURING THE PERI

MATERIAL EVENTS DURING THE PERIOD	6 Months Ended
	Jun. 30, 2024
Material Events During Period
MATERIAL EVENTS DURING THE PERIOD	NOTE 4 - MATERIAL EVENTS DURING THE PERIOD 1. In February 2024, the Company entered into a Letter Agreement with Yorkville dated February 1, 2024 (the “Letter Agreement”), which amends the SEPA. Pursuant to the Letter Agreement, the Company agreed to make payments to Yorkville, which include proceeds of Advances under the SEPA, to repay the amounts outstanding under the Pre-Paid Advance plus payment premium. The Company agreed to pay a fee to Yorkville equal to $ 200 . The paid 423 to Yorkville and issued 35,659 Ordinary Shares. The Yorkville SEPA was terminated on April 19, 2024. Additionally, the Company agreed to issue a 5 -year warrant to purchase 3,333 Ordinary Shares at an exercise price of $ 0.165 per share to Yorkville. These warrants meet the fixed-for-fixed criterion of IAS 32, resulting in being classified as equity. On June 21, 2024, the investor exercised the warrants into 3,333 ordinary shares at an exercise price of $ 0.165 per warrant. 2. On February 20, 2024, the Company completed an underwritten public offering of 161,662 18 2.91 17.835 4.99 2.69 2.5 100 3. On April 19, 2024, the Company entered into a Stock Purchase Agreement (“SPA”) with Alpha, committing Alpha to purchase up to $ 30 The Ordinary Shares will be purchased at a price equal to: a) 95% of the lowest daily traded price of the Company’s ordinary shares during the five-trading day valuation period (provided that it shall not be less than a Company-specified minimum acceptable price) (“Market Price”), if the market price of the ordinary shares is over $ 1.00 b) 90 c) 85 d) 80 e) 75 f) 50 The net proceeds from these sales will be used primarily for working capital and general corporate purposes, with 50 30 The Company has the right to terminate the SPA at no cost or penalty upon five trading days’ prior written notice to Alpha, provided that there are no outstanding Put notices for which ordinary shares need to be issued and the Company has paid all amounts owed to Alpha pursuant to the SPA and any indebtedness the Company otherwise owes to Alpha or its affiliates. The Company and Alpha may also agree to terminate the SPA by mutual written consent. The Company issued a 1.5 36,341 4. During the six-month period ended June 30, 2024, part of the Company’s bridge loans and redeemable warrants measured in accordance with fair value, were converted into ordinary shares of the Company. As of June 30, 2024, and December 31, 2023, the Bridge loans amounted to $ 1,836 1,739 186 493 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data)

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Significant Accounting Policies
Basis of preparation	A. Basis of preparation The Company’s accompanying interim condensed consolidated financial statements have been prepared in a condensed format in accordance with IAS 34 Interim Financial Reporting. They do not include all disclosures that would otherwise be required in a complete set of consolidated financial statements and should be read in conjunction with the annual consolidated financial statements as of December 31, 2023 of the Company (the “Annual Financial Statements”). There have been no changes in the Company’s significant accounting policies during the six-month period ended June 30, 2024, as compared to the Annual Financial Statements.	Basis of preparation These financial statements have been prepared in accordance with International Financial Reporting Standards (IFRS) as issued by the International Accounting Standards Board (“IASB”). The financial statements have been prepared under the historical cost convention except for certain financial liabilities which are measured at fair value.
Principles of consolidation		Principles of consolidation The consolidated financial statements incorporate the assets and liabilities of all subsidiaries of SMX (Security Matters) Public Limited Company as of December 31, 2023 and 2022 and the results of all subsidiaries for the three years in the period then ended. SMX (Security Matters) Public Limited Company, a public limited company and its subsidiaries together are referred to in these financial statements as the Group or the “consolidated entity”. Subsidiaries are all those entities over which the Company has control. The Company controls an entity when it is exposed to, or has rights to, variable returns from its involvement with the entity and has the ability to affect those returns through its power to direct the activities of the entity. Subsidiaries are fully consolidated from the date on which control is obtained by the Company and until the date that control is lost. Intercompany transactions between entities in the consolidated entity are eliminated. Unrealized losses are also eliminated unless the transaction provides evidence of the impairment of the asset transferred.
Investments in associated companies		Investments in associated companies Investments in associated companies are accounted under the equity method and are initially recognized at cost. The investment’s cost includes transaction costs. The consolidated financial statements include the Group’s share in net income or loss, in other comprehensive income or loss, and in the net assets of associated companies accounted by the equity method from the date when significant influence or joint control materialized, until the date on which the conditions for significant influence or joint control are no longer met. Losses of an associate in amounts which exceed its equity are recognized by the Company to the extent of its investment in the associate plus any losses that the Company may incur as a result of a guarantee or other financial support provided in respect of the associate.
Reverse acquisition transaction		Reverse acquisition transaction The result of the merger between the Company and Security Matters PTY Ltd. as described in Note 1.B is that legally the Company owns the entire share capital of Security Matters PTY Ltd. Accordingly, for financial reporting purposes, Security Matters PTY Ltd. (the legal subsidiary) is the accounting acquirer, and the Company (the legal parent) is the accounting acquiree. The consolidated financial statements prepared following the reverse acquisition are issued under the name of the Company, but they are a continuance of the financial statements of Security Matters PTY Ltd. and reflect the fair values of the assets and liabilities of the Company (the acquiree for accounting purposes), together with a deemed issuance of shares by Security Matters PTY Ltd. at fair value based on the quoted opening share price of the Company in its first trading day following the closing of the business combination transaction ($ 11,599 16,802 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS (CONT.): The Company is initially consolidated in the financial statements from the closing date of the Business Combination. Substantially all of the assets and liabilities of the Company were comprised of marketable securities held in a trust account ($ 4,921 10,127 1. The assets and liabilities of Security Matters PTY Ltd. have been recognized and measured in these consolidated financial statements at their pre-combination carrying amounts. 2. The retained earnings and other equity balances recognized in those consolidated financial statements are the retained earnings and other equity balances of Security Matters PTY Ltd. immediately before the Business Combination. 3. The amount recognized as issued equity instruments in these consolidated financial statements has been determined by adding to the issued equity of Security Matters PTY Ltd. immediately before the Business Combination the fair value of the deemed issuance of shares, as described above. However, the equity structure (the number and type of shares issued) reflects the equity structure of the Company, including the shares issued by the Company through recapitalization. Accordingly, the equity structure of Security Matters PTY Ltd. (issued capital and addition paid in capital) in comparative periods is restated using the exchange ratio established in the Business Combination to reflect the number and par value of shares of the Company issued in the reverse acquisition transaction. 4. The statement of comprehensive loss reflects that of Security Matters PTY Ltd. for the full period together with the post-acquisition results of the Company from the Closing Date. Loss per share of Security Matters PTY Ltd. for periods prior to the acquisition date is restated such the denominator of the historical loss per share calculation is adjusted by multiplying the weighted-average shares used in each historically reported loss per share calculation by the exchange ratio established in the Business Combination.
Foreign currency		Foreign currency The consolidated financial statements are prepared in US Dollars which is the functional and presentation currency of the Company. Security Matters (SMX) PLC functional currency is US Dollar. The functional currency of Lionheart III Corp is US Dollar. The functional currency of SMX Fashion and Luxury is EURO. The functional currency of True Silver SMX Platform is Canadian Dollars. The functional currency of SMX (Security Matters) Ireland Limited is US Dollar. The functional currency of SMX Circular Economy Platform PTE, Ltd. is Singapore Dollar. Security Matters Pty Ltd.’s functional currency is Australian Dollars. The functional currency of Security Matters Ltd. (Israel) is New Israeli Shekels. The functional currency of Security Matters Canada Ltd. is Canadian Dollars. The functional currency of SMX Beverages Pty Ltd. is Australian Dollar. The functional currency of True Gold consortium PYT LTD. is Australian Dollar. Transactions and balances in foreign currencies are converted into US Dollars in accordance with the principles set forth by International Accounting Standard (IAS) 21 (“The Effects of Changes in Foreign Exchange Rates”). Accordingly, transactions and balances have been converted as follows: ● Assets and liabilities – at the rate of exchange applicable at the reporting date; ● Expense items – at annual average rate at the statements of financial position date. ● Share capital, capital reserve and other capital movement items were at rate of exchange as of the date of recognition of those items. ● Accumulated deficit was based on the opening balance for the beginning of the reporting period in addition to the movements mentioned above. ● Exchange gains and losses from the aforementioned conversion are recognized in the statement of other comprehensive lose in Foreign Currency Translation Reserve. SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS (CONT.):
Issue of a unit of financial instruments		Issue of a unit of financial instruments The issue of a unit of financial instruments such as a financial liability (e.g., a loan) and free-standing derivative (e.g. warrants) involves the allocation of the proceeds received (before issuance costs) to financial derivatives and other financial instruments measured at fair value in each period and to financial liabilities that are measured at amortized cost, with residual allocated to equity instruments. Issuance costs are allocated to each component pro rata to the amounts determined for each component in the unit.
Governmental grants		Governmental grants Government grants received for the use of research and development activities, for which the Group undertook to pay royalties to the state, contingent on future sales arising from this financing, were treated as forgivable loans. The grant was recognized as a liability in the financial statements, except when there is reasonable assurance that the Group will comply with the conditions for the forgiveness of the loan, then it would be recognized as a government grant. When the loan bears a below-market rate of interest, the liability is recognized at its fair value in accordance with the market interest rate prevailing at the time of receiving the grant. The difference between the consideration received and the liability recognized at inception was treated as a government grant and recognized as a reimbursement of research expenses. The repayment of the liability to the state is reviewed every reporting period, with changes in the liability resulting from a change in the expected royalties recognized in profit or loss.
Fair value measurement		Fair value measurement Fair value is the price that would be received when selling an asset or paid to transfer a liability in an orderly transaction between market participants at the measurement date. The fair value measurement is based on the presumption that the transaction to sell the asset or transfer the liability takes place either: A. In the principal market for the asset or liability; or B. In the absence of a principal market, in the most advantageous market for the asset or liability. The principal or the most advantageous market must be accessible to the Group. The fair value of an asset or a liability is measured using the assumptions that market participants would use when pricing the asset or liability, assuming that market participants act in their economic best interest. A fair value measurement of a non-financial asset takes into account a market participant’s ability to generate economic benefits by using the asset in its highest and best use or by selling it to another market participant that would use the asset in its highest and best use. The Group uses valuation techniques that are appropriate in the circumstances and for which sufficient data are available to measure fair value, maximizing the use of relevant observable inputs and minimizing the use of unobservable inputs.
Classification of financial instruments by fair value hierarchy		Classification of financial instruments by fair value hierarchy The financial instruments presented in the statements of financial position at fair value are grouped into classes with similar characteristics using the following fair value hierarchy which is determined based on the source of input used in measuring fair value: Level 1 - Quoted prices (unadjusted) in active markets for identical assets or liabilities. Level 2 - Inputs other than quoted prices included within Level 1 that are observable either directly or indirectly. Level 3 - Inputs that are not based on observable market data (valuation techniques which use inputs that are not based on observable market data).
Financial assets		Financial assets The Group classifies its financial assets into one of the following categories, depending on the purpose for which the asset was acquired. The Group’s accounting policy for each category is as follows: Other receivables: These assets are non-derivative financial assets with fixed or determinable payments that are not quoted in an active market. They arise principally through the provision of goods and services, but also incorporate other types of contractual monetary asset. These assets are carried at amortized cost less any provision for impairment. The Group has no financial assets classified at fair value through profit or loss. SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS (CONT.):
Financial liabilities		Financial liabilities financial liabilities measured at amortized cost: Financial liabilities are initially recognized at fair value less transaction costs that are directly attributable to the issue of financial liability. After initial recognition, the Group measures all financial liabilities at amortized cost using the effective interest rate method, which ensures that any interest expense over the period is at a constant interest rate on the balance of the liability carried in the statement of financial position, except for financial liabilities which are measured at fair value through profit or loss. measured at fair value through profit or loss: These financial liabilities comprise of derivatives that are options which are to be settled in equity instruments but nevertheless do not meet the definitions of equity instruments. The Group measures those financial liabilities at fair value. Transaction costs are recognized in profit or loss. After initial recognition, changes in fair value are recognized in profit or loss.
Impairment of non-financial assets		Impairment of non-financial assets Intangible assets and goodwill that have an indefinite useful life are not subject to amortization and are tested annually for impairment, or more frequently if events or changes in circumstances indicate that they might be impaired. Other non-financial assets are reviewed for impairment whenever events or changes in circumstances indicate that the carrying amount may not be recoverable. An impairment loss is recognized for the amount by which the asset’s carrying amount exceeds its recoverable amount. Recoverable amount is the higher of an asset’s fair value less costs of disposal and value-in-use. The value-in-use is the present value of the estimated future cash flows relating to the asset using a pre-tax discount rate specific to the asset or cash-generating unit to which the asset belongs. Assets that do not have independent cash flows are grouped together to form a cash-generating unit.
Property, plant and equipment		Property, plant and equipment Items of property, plant and equipment are initially recognized at cost. Cost includes directly attributable costs and the estimated present value of any future costs of dismantling and removing items. Depreciation is computed by the straight-line method, based on the estimated useful lives of the assets, as follows: SCHEDULE OF DEPRECIATION RATES OF PROPERTY, PLANT AND EQUIPMENT % Computers 33 Machines and equipment 20 Furniture and office equipment 10 Leasehold improvements 8 Leasehold improvements are depreciated over the term of the expected lease including optional extension, or the estimated useful lives of the improvements, whichever is shorter.
Reimbursement of research and development expenses		Reimbursement of research and development expenses Reimbursements in proof of concept (POC) agreements of expenditures on research and development in order to achieve commercial agreement once this activity will be successful, are offset in profit or loss against the related expenses (research and development expenses). Any intellectual property generated from this activity remains at the ownership of the Group.
Right-of-use assets		Right-of-use assets All leases are accounted for by recognizing a right-of-use asset and a lease liability, excluding leases where the lease term is 12 months or less, or where the underlying asset is of low-value. These leases expenditures are recognized on a straight-line basis over the lease term. A right-of-use asset is recognized at the commencement date of a lease. The right-of-use asset is measured at cost, which comprises the initial amount of the lease liability, adjusted for, as applicable, any lease payments made at or before the commencement date net of any lease incentives received. Right-of-use assets are depreciated on a straight-line basis over the unexpired period of the lease or the estimated useful life of the asset, whichever is the shorter. Where the Group expects to obtain ownership of the leased asset at the end of the lease term, the depreciation is over its estimated useful life. Right-of use assets are subject to impairment or adjusted for any remeasurement of lease liabilities.
Lease liabilities		Lease liabilities All leases are accounted for by recognizing a right-of-use asset and a lease liability. Lease liabilities are measured at the present value of the contractual payments due to the lessor over the lease term, with the discount rate determined by reference to the rate implicit in the lease unless (as is typically the case) this is not readily determinable, in which case the Group’s incremental borrowing rate on commencement of the lease is used. Variable lease payments are only included in the measurement of the lease liability if they depend on an index or rate. In such cases, the initial measurement of the lease liability assumes the variable element will remain unchanged throughout the lease term. Other variable lease payments are expensed in the period to which they relate. On initial recognition, the carrying value of the lease liability also includes: ● amounts expected to be payable under any residual value guarantee; ● the exercise price of any purchase option granted in favor of the Group if it is reasonably certain to exercise that option; and ● any penalties payable for terminating the lease, if the term of the lease has been estimated on the basis of termination option being exercised. Subsequent to initial measurement lease liabilities increase as a result of interest charged at a constant rate on the balance outstanding and are reduced for lease payments made. Lease liabilities are remeasured when there is a change in future lease payments arising from a change in an index or rate or when there is a change in the assessment of the term of any lease the remeasurement being recognized in front of the right of use assets.
Capitalized technology development costs		Capitalized technology development costs Expenditures on research activities are recognized in profit or loss as incurred. Expenditures on internally developed products are mainly employee salaries and legal fees for filing of patents and are capitalized when the Group demonstrates all the following criteria: a. The technical feasibility of completing the intangible asset so that it will be available for use or sale. b. The intention to complete the intangible asset and use or sell it. c. The ability to use or sell the intangible asset. d. The probability of the intangible asset to generate future economic benefits. Among other things, the Group considers the existence of a market for the output of the intangible asset or the intangible asset itself or, if it is to be used internally, the usefulness of the intangible asset. e. The availability of adequate technical, financial and other resources to complete the development and to use or sell the intangible asset. f. The ability to measure reliably the expenditures attributable to the intangible asset during its development. The recognition criteria above are considered by the Group at each stage of development to determine when the criteria have been initially met in full. The technical feasibility criteria is determined to be met when a milestone of initial marking and reading capabilities is satisfied. The milestone’s identification occurs only following a detailed broad mapping of the raw material characteristics and establishing the formula for the chemical marker architecture to be embedded into the raw material based on industry standards and regulations. The result is the initial evidence that the x-ray algorithm of the designated reader is in a stage that can identify the marker and convey information. At this stage, the Group believes that the technical feasibility of completing the development for use is probable. The Group notes that technical feasibility has been established and the achieved technology is ready for the next stage which consists of performing a proof-of-concept pilot with an industry partner, in order to adapt the technology for the relevant industry and adjust the development to meet the industry’s needs.
Share-based compensation		Share-based compensation The Group measures the share-based expense and the cost of equity-settled transactions with employees and service providers by reference to the fair value of the equity instruments at the date at which they are granted. The Group selected the Black-Scholes model as the Group’s option pricing model to estimate the fair value of the Group’s options awards. The model is based on share price, grant date and on assumptions regarding expected volatility, expected life of the options, expected dividend, and a no risk interest rate. As for granted options which are settled in equity instruments, the fair value of the options at the grant date is charged to the statement of comprehensive loss over the vesting period. Non-market vesting conditions are taken into account by adjusting the number of equity instruments expected to vest at each reporting date so that, ultimately, the cumulative amount recognized over the vesting period is based on the number of options that eventually vest.
New standards, interpretations and amendments adopted from January 1, 2023		New standards, interpretations and amendments adopted from January 1, 2023 The following amendments are effective for the period beginning January 1, 2023: Disclosure of Accounting Policies (Amendments to IAS 1 Presentation of Financial Statements and IFRS Practice Statement 2 Making Materiality Judgements); In February 2021, the IASB issued amendments to IAS 1 and IFRS Practice Statement 2. The amendments aim to make accounting policy disclosures more informative by replacing the requirement to disclose ‘significant accounting policies’ with ‘material accounting policy information’. The amendments also provide guidance under what circumstance, the accounting policy information is likely to be considered material and therefore requiring disclosure. These amendments have no effect on the measurement or presentation of any items in the consolidated financial statements of the Group but affect the disclosure of accounting policies of the Group. Definition of Accounting Estimates (Amendments to IAS 8 Accounting Policies, Changes in Accounting Estimates and Errors); The amendments to IAS 8, which added the definition of accounting estimates, clarify that the effects of a change in an input or measurement technique are changes in accounting estimates , SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS (CONT.):
New standards, interpretations and amendments not yet effective	E. New standards, interpretations and amendments not yet effective In April 2024, the IASB issued IFRS 18 “Presentation and Disclosure in Financial Statements” replacing IAS 1 to improve the usefulness of information presented and disclosed in financial statements. IFRS 18 introduces three sets of new requirements. The standard defines categories for income and expenses, such as operating, investing and financing, and requires entities to provide new defined subtotals, including operating profit. IFRS 18 also requires entities that define entity-specific measures that are related to the income statement to disclose explanations of those measures. In addition, it sets out enhanced guidance on how to organize information and whether to provide it in the primary financial statements or in the notes and requires entities to provide more transparency about operating expenses. These new requirements are to improve entities’ reporting of financial performance and give investors a better basis for analyzing and comparing entities. The standard carries forward many requirements from IAS 1 unchanged. The standard is effective for annual periods beginning on or after January 1, 2027, with early adoption applicable whereby the Group has decided not to adopt early. The Group is currently evaluating the potential impact that the adoption of the standard will have on its consolidated financial statements.	New standards, interpretations and amendments not yet effective The Group has not early adopted any other standard, interpretation or amendment that has been issued but is not yet effective. There are a number of standards, amendments to standards, and interpretations which have been issued by the IASB that are effective in future accounting periods that the Group has decided not to adopt early. The following amendments are effective for the period beginning January 1, 2024: ● IFRS 16 Leases (Amendment – Liability in a Sale and Leaseback) ● IAS 1 Presentation of Financial Statements (Amendment – Classification of Liabilities as Current or Non-current) ● Non-current Liabilities with Covenants (Amendments to IAS 1 Presentation of Financial Statements); and ● Supplier Finance Arrangements (Amendments to IAS 7 Statement of Cash Flows and IFRS 7 Financial Instruments: Disclosures). The following amendments are effective for the period beginning January 1, 2025: ● Lack of Exchangeability (Amendments to IAS 21 The Effects of Changes in Foreign Exchange Rates). The Group is currently assessing the impact of these new accounting standards and amendments. The Group does not expect any other standards issued by the IASB, but not yet effective, to have a material impact on the Group. SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS (CONT.): H. The significant accounting judgments, estimates and assumptions followed in the preparation of the financial statements, on a consistent basis, are: In the process of applying the significant accounting policies, the Group has made the following judgments which have the most significant effect on the amounts recognized in the financial statements. The preparation of the financial statements requires management to make estimates and assumptions that have an effect on the application of the accounting policies and on the reported amounts of assets, liabilities, revenues and expenses. Changes in accounting estimates are reported in the period of the change in estimate. The key assumptions made in the financial statements are discussed below.
Share based compensation		Share based compensation The Group has a share-based remuneration scheme for employees. The fair value of share options is estimated by using the Black-Scholes model, which was derived to model the value of the firm’s equity over time. The simulation model was designed to take into account the unique terms and conditions of the performance shares and share options, as well as the capital structure of the firm and the volatility of its assets, on the date of grant based on certain assumptions. Those conditions are described in the share-based compensation note and include, among others, the dividend growth rate, expected share price volatility and expected life of the options. The fair value of the equity settled options granted is charged to statement of profit or loss over the vesting period of each tranche and the credit is taken to equity, based on the consolidated entity’s estimate of shares that will eventually vest.
Intangible assets		Intangible assets The Group capitalizes costs for its developed projects when specific criteria are met. Initial capitalization of costs is based on management’s judgement that technological and economic feasibility is achievable, usually when a product development project has reached a defined milestone according to an established project management model. The management makes assumptions regarding the expected future economic benefit to be derived from the intangible asset and therefore whether the capitalized costs are expected to be recovered. This amount of capitalized costs includes significant investment in the development of marking and reading capabilities in the subject material. Prior to being marketed, the Group will obtain a proof-of-concept pilot with an industry leading partner. The innovative nature of the product gives rise to some judgement as to whether the proof-of-concept will be successful such that it will lead to obtaining commercial contracts with customers. See also Note 7. The management bases its estimates on historical experience, assumptions, and information currently available and deemed to be reasonable at the time the financial statements are prepared. However, actual amounts may differ from the estimated amounts as more detailed information becomes available. Estimates and assumptions are reviewed on an ongoing basis and, if necessary, changes are recognized in the period in which the estimate is revised. SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES, ACCOUNTING JUDGMENTS, ESTIMATES AND ASSUMPTIONS (CONT.):
Financial liability at fair value		Financial liability at fair value The fair value of financial liabilities at fair value was estimated by using a Black Scholes model and Monte-Carlo simulation approach, which was aimed to model the value of the Company’s assets over time. The simulation approach was designed to take into account the terms and conditions of the financial liability, which are described in Note 22 and Note 23, as well as the capital structure of the Company and the volatility of its assets. The valuation was performed based on management’s assumptions and projections.
Functional currency	B. Functional currency The consolidated financial statements are prepared in US Dollars, which is the functional and presentation currency of the Company.
Application of accounting policies	C. Application of accounting policies The Group has applied the same accounting policies and methods of computation in its interim condensed consolidated financial statements as in the Annual Financial Statements .Several amendments to IFRS Standards apply for the first time in 2024, but do not have an impact on the interim condensed consolidated financial statements.
Reverse stock split	D. Reverse stock split The presentation of loss per share amounts and all share, options and warrants amounts has been retrospectively adjusted to give effect to the reverse stock split which occurred after the balance sheet date on July 11, 2024. See also Note 1.E. and Note

GENERAL (Tables)

GENERAL (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Disclosure of subsidiaries [abstract]
SCHEDULE OF COMPANIES SUBSIDIARIES	SCHEDULE OF COMPANIES SUBSIDIARIES Controlled entity Country of Percentage Owned Percentage Owned Security Matters PTY Ltd. Australia 100 100 Lionheart III Corp USA 100 100 SMX Circular Economy Platform PTE, Ltd. Singapore 100 100 SMX (Security Matters) Ireland Limited Ireland 100 100 SMX Fashion and Luxury France 100 100 TrueSilver SMX Platform Ltd. Canada 100 100 SMX (Security Matters) Israel Ltd. Israel 100 100 Security Matters Canada Ltd. Canada 100 100 SMX Beverages Pty Ltd. Australia 100 100 True Gold Consortium Pty Ltd. Australia 51.9 51.9 In addition, the Company’s has the following investments in associated companies: Entity Country of Percentage Owned Percentage Owned Yahaloma Technologies Inc. Canada 50 50 The proportion of ownership interest is equal to the proportion of voting power held. * Legally owned by Security Matters PTY Ltd. (formerly - Security Matters Limited). On July 2024 ownership in the subsidiary increased from 51.9 52.9	SCHEDULE OF COMPANIES SUBSIDIARIES Controlled entity Country of Incorporation Percentage Owned December 31, 2023 Percentage Owned December 31, 2022 Security Matters (SMX) PLC Ireland 100 % - Security Matters PTY Ltd. Australia 100 % - Lionheart III Corp USA 100 % ** SMX Circular Economy Platform PTE, Ltd. Singapore 100 % * SMX (Security Matters) Ireland Limited Ireland 100 % * SMX Fashion and Luxury France 100 % - TrueSilver SMX Platform Ltd. Canada 100 % - SMX (Security Matters) Israel Ltd. Israel 100 % 100 %*** Security Matters Canada Ltd. Canada 100 % 100 %*** SMX Beverages Pty Ltd. Australia 100 % 100 %*** True Gold Consortium Pty Ltd. Australia 51.9 %*** See note 6 In addition, the Company’s has the following investments in associated companies: Entity Country of Incorporation Percentage Owned December 31, 2023 Percentage Owned December 31, 2022 Yahaloma Technologies Inc. Canada 50 % 50 %*** The proportion of ownership interest is equal to the proportion of voting power held. * Incorporated in 2023. ** Merger occurred in March 2023 as part of the Business Combination. *** Owned by Security Matters PTY Ltd. (formerly - Security Matters Limited) as of December 31, 2023.

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Tables)	12 Months Ended
	Dec. 31, 2023
Significant Accounting Policies
SCHEDULE OF DEPRECIATION RATES OF PROPERTY, PLANT AND EQUIPMENT	SCHEDULE OF DEPRECIATION RATES OF PROPERTY, PLANT AND EQUIPMENT % Computers 33 Machines and equipment 20 Furniture and office equipment 10 Leasehold improvements 8

TRUE GOLD BUSINESS COMBINATION

TRUE GOLD BUSINESS COMBINATION (Tables)	12 Months Ended
	Dec. 31, 2023
SCHEDULE OF FAIR VALUE OF THE IDENTIFIABLE ASSETS AND LIABILITIES	The fair value of the identifiable assets and liabilities of TrueGold on the acquisition date: SCHEDULE OF FAIR VALUE OF THE IDENTIFIABLE ASSETS AND LIABILITIES US$ in thousands Cash and cash equivalents 13 Other current receivables 155 Intangible asset (core technology license) 10,449 Trade payables 277 Net identifiable assets 10,340 Non-controlling interests (20,826 ) Goodwill 32,957 Loan to TrueGold 307 Fair value of previous investment 22,164 Fair value of identifiable assets and liabilities 22,471

OTHER CURRENT ASSETS (Tables)

OTHER CURRENT ASSETS (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF OTHER CURRENT ASSETS	SCHEDULE OF OTHER CURRENT ASSETS December 31, 2023 December 31, 2022 Prepaid expenses 142 * 3,157 Tax authorities 257 358 Proof of concept receivables 148 86 Other 87 72 Total 634 3,673 * Includes $ 3,123

PROPERTY, PLANT AND EQUIPMENT_2

PROPERTY, PLANT AND EQUIPMENT, NET: (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT	SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT Leasehold improvements Machines and Equipment Furniture and Office Equipment Computers Total Cost At January 1, 2023 63 1,147 65 102 1,377 Additions 15 5 7 4 31 Deductions - - - - - Depreciation - - - - - Currency translation adjustments (3 ) (6 ) (3 ) (4 ) (16 ) At December 31, 2023 75 1,146 69 102 1,392 Accumulated depreciation At January 1, 2023 18 699 31 74 822 Depreciation 6 151 7 16 180 Currency translation adjustments - (18 ) (1 ) (2 ) (21 ) At December 31, 2023 24 832 37 88 981 Net book value at December 31, 2023 51 314 32 14 411 Leasehold improvements Machines and Equipment Furniture and Office Equipment Computers Total Cost At January 1, 2022 81 1,233 83 99 1,496 Additions - 135 - 17 152 Deductions - - - - - Depreciation - - - - - Currency translation adjustments (18 ) (221 ) (18 ) (14 ) (271 ) At December 31, 2022 63 1,147 65 102 1,377 Accumulated depreciation At January 1, 2022 20 645 33 72 770 Depreciation 4 202 7 19 232 Currency translation adjustments (6 ) (148 ) (9 ) (17 ) (180 ) At December 31, 2022 18 699 31 74 822 Net book value at December 31, 2022 45 448 34 28 555 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands)

INVESTMENTS IN ASSOCIATED COM_2

INVESTMENTS IN ASSOCIATED COMPANIES (Tables)	12 Months Ended
	Dec. 31, 2023
Investments In Associated Companies
SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES	SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES Entity Country of Incorporation Percentage Owned December 31, 2023 Percentage Owned December 31, 2022 Yahaloma Technologies Inc. Canada 50 % 50 % True Gold Consortium Pty Ltd. Australia 51.9 % 44.4 %

INTANGIBLE ASSETS, NET (Tables)

INTANGIBLE ASSETS, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SUMMARY OF INTANGIBLE ASSETS NET	SUMMARY OF INTANGIBLE ASSETS NET Capitalization of development cost Purchased license Core Technology License Total US$ in thousands US$ in thousands US$ in thousands US$ in thousands COST As of January 1, 2023 4,372 655 - 5,027 Cost, beginning balance 4,372 655 - 5,027 Capitalized development cost 977 157 10,449 11,583 Currency translation adjustments (7 ) 7 - - As of December 31, 2023 5,342 819 10,449 16,610 Cost, ending balance 5,342 819 10,449 16,610 Accumulated amortization As of January 1, 2023 127 - - 127 Accumulated amortization, beginning balance 127 - - 127 Amortization - - - - Currency translation adjustments (3 ) - - (3 ) As of December 31, 2023 124 - - 124 Accumulated amortization, ending balances 124 - - 124 Net book value as of December 31, 2023 5,218 819 10,449 16,486 Net book value 5,218 819 10,449 16,486 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands) NOTE 7 - Intangible assets, NET Capitalization of development cost Purchased license Total US$ in thousands US$ in thousands US$ in thousands COST As of January 1, 2022 4,024 - 4,024 Cost, beginning balance 4,024 - 4,024 Capitalized development cost 975 721 1,696 Currency translation adjustments (500 ) (66 ) (566 ) As of December 31, 2022 4,499 655 5,154 Cost, ending balance 4,499 655 5,154 Accumulated amortization As of January 1, 2022 116 - 116 Accumulated amortization, beginning balance 116 - 116 Amortization 14 - 14 Currency translation adjustments (3 ) - (3 ) As of December 31, 2022 127 - 127 Accumulated amortization, ending balance 127 - 127 Net book value as of December 31, 2022 4,372 655 5,027 Net book value 4,372 655 5,027

LEASES (Tables)

LEASES (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF RIGHT OF USE ASSETS	Set out below are the carrying amounts of right-of-use assets recognized and the movements during the period: SCHEDULE OF RIGHT OF USE ASSETS Office and lab facilities Motor vehicles Total At January 1, 2022 446 20 466 Additions 49 - 49 Foreign currency translation (35 ) (6 ) (41 ) Deductions (7 ) (14 ) (21 ) Depreciation expense (39 ) - (39 ) As at December 31, 2022 414 - 414 Right-of-use assets, beginning balance 414 - 414 Additions - 26 26 Foreign currency translation (6 ) - (6 ) Deductions - - - Depreciation expense (42 ) (3 ) (45 ) As at December 31, 2023 366 23 389 Right-of-use assets, ending balance 366 23 389
SCHEDULE OF INFORMATION ON LEASE	Information on leases: SCHEDULE OF INFORMATION ON LEASE 2023 2022 Year ended December 31, 2023 2022 Interest expense on lease liabilities 32 51 Total cash outflow for leases 45 39

OTHER PAYABLES (Tables)

OTHER PAYABLES (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF OTHER PAYABLES	SCHEDULE OF OTHER PAYABLES December 31, 2023 December 31, 2022 Employees, salaries and related liabilities 726 392 Related party 4 56 Liabilities for grants received (see also note 20) 153 50 Excise Tax 1,569 - Other 31 152 Total 2,483 650

BORROWINGS FROM RELATED PARTI_2

BORROWINGS FROM RELATED PARTIES (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF BORROWINGS FROM RELATED PARTIES	SCHEDULE OF BORROWINGS FROM RELATED PARTIES December 31, 2023 December 31, 2022 Balance at January 1, 710 270 Borrowings from related parties, beginning balance 710 270 Payment of borrowings (657 ) (172 ) Provision for bonus (include interest) - 621 Exchange rate differences (53 ) (9 ) Balance at December 31, - 710 Borrowings from related parties, ending balance - 710

SHAREHOLDERS_ EQUITY (Tables)

SHAREHOLDERS’ EQUITY (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Disclosure of classes of share capital [abstract]
SCHEDULE OF SHARE CAPITAL	SCHEDULE OF SHARE CAPITAL Number of shares June 30, 2024 December 31, 2023 Authorized Issued and outstanding Authorized Issued and outstanding Ordinary shares 0.165 484,848,485 610,496 484,848,485 135,812 Preferred shares 0.0001 200,000,000,000 - 200,000,000,000 - Deferred shares 1 25,000 25,000 25,000 25,000	SCHEDULE OF SHARE CAPITAL Number of shares December 31, 2023 December 31, 2022 Authorized Issued and outstanding Authorized Issued and outstanding Ordinary shares 0.0022 36,363,636,364 10,185,909 22,727,272 - Preferred shares 0.0001 200,000,000,000 - - - Deferred shares 1 25,000 25,000 25,000 25,000
SCHEDULE OF RESTRICTED STOCK UNIT	SCHEDULE OF RESTRICTED STOCK UNIT Six months June 30, 2024 Six months June 30, 2023 Outstanding at beginning of period 2 - Granted 20 3 Vested (13 ) (1 ) Outstanding at June 30, 2023 9 2	SCHEDULE OF RESTRICTED STOCK UNIT Year ended December 31, 2023 (in thousands) Year ended December 31, 2022 (in thousands) Outstanding at beginning of period - - Granted 197 - Vested (57 ) - Forfeited (4 ) - Outstanding at December 31, 2023 136 -
SCHEDULE OF SHARE OPTION GRANTED		SCHEDULE OF SHARE OPTION GRANTED Year ended Year ended Number of options Weighted average Exercise price (USD) Number of options (in thousands) Weighted average Exercise price (USD) Outstanding at beginning of year 57 44.22 73 41.85 Issue of options 38 82.04 17 41.85 Expired (30 ) 31.02 (33 ) 34.10 Outstanding at end of year 65 69.92 57 54.25 Exercisable options 58 68.67 38 43.40
SCHEDULE OF OPTIONS TO EMPLOYEES OUTSTANDING		The options to employees and service providers outstanding as of December 31, 2023, are comprised, as follows: SCHEDULE OF OPTIONS TO EMPLOYEES OUTSTANDING Exercise price (USD) Outstanding as of December 31, 2023 Weighted average remaining contractual term Exercisable as of Weighted average remaining contractual term (years) (years) 18.70 23.32 5 2.46 5 2.46 29.48 31.02 3 3.21 3 3.21 40.48 48.18 6 1.41 6 1.41 52.80 56.10 9 2.26 9 2.26 78.54 88.00 35 4.40 28 4.38 93.28 108.90 7 3.03 7 3.03 65 58

RESEARCH AND DEVELOPMENT EXPE_2

RESEARCH AND DEVELOPMENT EXPENSES, NET (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF RESEARCH AND DEVELOPMENT EXPENSE	SCHEDULE OF RESEARCH AND DEVELOPMENT EXPENSE December 31, 2023 December 31, 2022 December 31, 2021 Salaries and related expenses 2,228 2,166 1,795 Subcontractors and consultants 344 374 631 Materials and laboratory expenses 223 316 252 Depreciation and amortization 197 255 287 Share based compensation 447 127 100 Travel expenses 87 50 42 Freight 33 30 23 Other 10 6 - Reimbursement from paid pilots and proof of concept projects (858 ) (1,426 ) (1,091 ) Total 2,711 1,898 2,039

GENERAL AND ADMINISTRATIVE EX_2

GENERAL AND ADMINISTRATIVE EXPENSES (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
General And Administrative Expenses
SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES	SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES Six Months Period Ended June 30, 2024 June 30, 2023 US$ in thousands US$ in thousands Professional services 1,699 869 Share based compensation 1,056 1,805 Wages and salaries related 789 664 Transaction cost 460 7,792 Insurance 457 329 Nasdaq expenses 168 1,442 Travel expenses 126 379 Office and maintenance 68 37 Depreciation and amortization 15 15 Others 10 18 Total 4,848 13,350	SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES December 31, 2023 December 31, 2022 December 31, 2021 BCA transaction cost 7,278 - - Professional services 667 1,105 1,089 Public company expenses 5,128 - - Wages and salaries related 1,348 935 752 Travel expenses 611 223 - Office and maintenance 170 145 116 Share based compensation 1,222 137 331 Insurance 50 60 102 Depreciation and amortization 30 35 28 Other 63 83 64 Total 16,567 2,723 2,482

TAXES ON INCOME (Tables)

TAXES ON INCOME (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE	SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE December 31, 2023 December 31, 2022 December 31, 2021 Reconciliation of income tax at the statutory rate Loss before income tax (20,989 ) (6,184 ) (4,939 ) Theoretical tax rate of 12.5% (2,624 ) (1,701 ) (1,358 ) Tax effect amounts which are not deductible/(taxable) in calculating taxable income: Non-deductible expenditure and others 3254 335 118 Unrecognized temporary differences and tax losses for which deferred tax weren’t recognized (630 ) 1,366 1,240 Income tax / (benefit) — — —

LOSS PER SHARE (Tables)

LOSS PER SHARE (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Earnings per share [abstract]
SCHEDULE OF LOSS PER SHARE	SCHEDULE OF LOSS PER SHARE Six months ended June 30, 2024 June 30, 2023 Net loss attributable to the owners of the Company $ (10,886 ) $ (33,009 ) Basic and diluted loss per share (0.005 ) (0.001 ) Weighted average number of ordinary shares used in calculating basic and diluted loss per share (in thousands) 376 11	SCHEDULE OF LOSS PER SHARE December 31, 2023 December 31, 2022 December 31, 2021 Net loss attributable to the owners of the company (20,914 ) (6,184 ) (4,939 ) Basic and diluted loss per share * (586 ) * (635 ) * (556 ) Weighted average number of ordinary shares used in calculating basic and diluted loss per share 36 10 9 * Restated as a result of the SPAC transaction and after giving effect to the reverse share splits described in Notes 14B(4) and 24.12, the calculation of the basic and diluted loss per share for all past periods presented have been adjusted retrospectively based on the new number of shares as derived from the conversion ratio.

RELATED PARTIES (Tables)

RELATED PARTIES (Tables)	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023
Related Parties
SCHEDULE OF KEY MANAGEMENT PERSONNEL	The totals of remuneration paid to Key Management Personnel and related parties during the years are as follows : SCHEDULE OF KEY MANAGEMENT PERSONNEL 1. Transactions with related parties: June 30, 2024 Short-term salary and fees 379 Share based payments 900 Post-employment retirement benefits 39 Non-monetary benefits 21 Payments for legal services 180 Revaluation of financial liabilities at fair value 344 Payments for consultant services 566 Key management personnel compensation 2,429	The totals of remuneration paid to Key Management Personnel and related parties during the years are as follows : SCHEDULE OF KEY MANAGEMENT PERSONNEL 1. Transactions with related parties: December 31, 2023 December 31, 2022 Issuance of options to related party - 721 Short-term salary and fees 803 508 Short-term salary until deletion 22 - Loan repayment - 172 Conversion of loan to ordinary shares 657 - Share based payments 2,084 98 Post-employment retirement benefits 98 94 Payment for Administrative services 34 36 Non-monetary benefits 49 29 Payments for legal services 287 - Revaluation of financial liabilities at fair value 1,204 - Proof of Concept projects paid by affiliated companies - (1,064 ) Key management personnel compensation 5,238 594
SCHEDULE OF BALANCE WITH RELATED PARTIES	SCHEDULE OF BALANCE WITH RELATED PARTIES 2. Balance with related parties: June 30, 2024 December 31, 2023 Key management Salary and related (257 ) (219 ) Shareholders Trade payables 16 (58 ) Shareholders Derivatives - (476 ) Joint Ventures Other receivables 15 15 Joint Ventures Investment in subsidiary 115 115 (111 ) (623 )	SCHEDULE OF BALANCE WITH RELATED PARTIES 2. Balance with related parties: December 31, 2023 December 31, 2022 Key management Salary and related (219 ) (99 ) Directors Salary and related - (82 ) Shareholders Borrowings from related parties - (710 ) Shareholders Other accounts payable (3 ) (56 ) Shareholders Trade payables (58 ) - Shareholders Derivatives (476 ) - Joint Ventures Other receivables 15 59 Joint Ventures Investment in subsidiary 115 221 (626 ) (667 )

GOVERNMENT GRANTS (Tables)

GOVERNMENT GRANTS (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF GOVERNMENT GRANTS	SCHEDULE OF GOVERNMENT GRANTS December 31, 2023 December 31, 2022 Short term liability at year end 153 50 Long term liability at year end - 85 Total 153 135

FINANCIAL INSTRUMENTS AND RIS_2

FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (Tables)	12 Months Ended
	Dec. 31, 2023
Financial Instruments And Risk Management
SCHEDULE OF FINANCIAL ASSETS AND IMPACT OF CREDIT EXPOSURE	Composition of the Group’s financial assets and financial liabilities: SCHEDULE OF FINANCIAL ASSETS AND IMPACT OF CREDIT EXPOSURE 2023 2022 December 31, 2023 2022 Financial assets at amortized cost: Cash and cash equivalents 168 1,398 Other current receivables 424 3,673 Total financial assets 592 5,071
SCHEDULE OF FINANCIAL LIABILITIES FAIR VALUE THROUGH PROFIT OR LOSS	SCHEDULE OF FINANCIAL LIABILITIES FAIR VALUE THROUGH PROFIT OR LOSS 2023 2022 December 31, 2023 2022 Financial liabilities at fair value through profit or loss: Convertible notes 377 563 Trade and other payables 12,487 3,622 Bridge loans 2,233 3,682 Pre-paid advance 700 - Derivatives 1,143 - Total financial liabilities at fair value through profit or loss 16,940 7,867 Financial liabilities at amortized cost: Convertible promissory note 1,013 - Lease liabilities 649 - Government grants 153 - Borrowing from related parties - - Total financial liabilities at amortized cost 1,815 - Total financial liabilities 18,755 7,867
SCHEDULE OF FOREIGN CURRENCY SENSITIVITY ANALYSIS	SCHEDULE OF FOREIGN CURRENCY SENSITIVITY ANALYSIS Change in NIS rate Effect on net loss December 31, 2023 10 % 165 December 31, 2022 10 % 73 Change in AUD rate Effect on net loss December 31, 2023 10 % 19 December 31, 2022 10 % 127 Change in SGD rate Effect on net loss December 31, 2023 10 % 14 December 31, 2022 10 % - Change in EUR rate Effect on net loss December 31, 2023 10 % 10 December 31, 2022 10 % 3
SCHEDULE OF UNDISCOUNTED FINANCIAL LIABILITIES	SCHEDULE OF UNDISCOUNTED FINANCIAL LIABILITIES Less than one year 1 to 2 years 2 to 3 years 3 to 4 years 4 to 5 years >5 years Total Trade and other payables 12,487 - - - - - 12,487 Bridge loans 1,750 453 15 15 - - 2,233 Government grants 153 - - - - - 153 Lease liability 81 81 74 74 74 265 649 Convertible promissory note 1,013 - - - - - 1,013 Pre-paid advance 700 - - - - - - 700 Convertible note 377 - - - - - 377 Financial derivatives 1,143 - - - - - 1,143 17,704 534 89 89 74 265 18,755 As of December 31, 2022 Less than one year 1 to 2 years 2 to 3 years 3 to 4 years 4 to 5 years >5 years Total Trade and other payables 3,622 - - - - - 3,622 Bridge loans - 1,031 - - - - 1,031 Government grants 75 84 - - - - 159 Lease liability 72 72 72 72 72 353 713 Borrowings from related parties 710 - - - - - 710 4,479 1,187 72 72 72 353 6,235 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands)

FAIR VALUE MEASUREMENT (Tables)

FAIR VALUE MEASUREMENT (Tables)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF UNOBSERVABLE FOR ASSETS OR LIABILITY	SCHEDULE OF UNOBSERVABLE FOR ASSETS OR LIABILITY As of December 31, 2023 Level 1 Level 2 Level 3 Total US$ in thousands Liabilities Derivative financial liabilities - - 1,707 1,707 Tradable warrants 2 - - 2 Total 2 - 1,707 1,709 As of December 31, 2022 Level 1 Level 2 Level 3 Total US$ in thousands Liabilities Derivative financial liabilities - - 1,031 1,031 Total - - 1,031 1,031

SCHEDULE OF COMPANIES SUBSIDIAR

SCHEDULE OF COMPANIES SUBSIDIARIES (Details)		6 Months Ended	12 Months Ended
		Jun. 30, 2024	Dec. 31, 2023		Dec. 31, 2022
Security Matters Smx Plc [Member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	[1]		Ireland
Proportion of ownership interest in subsidiary	[1]		100%
Security matters pty ltd [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation		Australia	Australia
Proportion of ownership interest in subsidiary		100%	100%
Lion heart III corp [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation		USA	USA	[2]
Proportion of ownership interest in subsidiary		100%	100%	[2]
SMX circular economy platform pte ltd [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation		Singapore	Singapore	[1]
Proportion of ownership interest in subsidiary		100%	100%	[1]
SMX ireland limited [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation		Ireland	Ireland	[1]
Proportion of ownership interest in subsidiary		100%	100%	[1]
S M X Fashion And Luxury [Member]
IfrsStatementLineItems [Line Items]
Country of Incorporation		France	France
Proportion of ownership interest in subsidiary		100%	100%
True Silver SMX Platform Ltd [Member]
IfrsStatementLineItems [Line Items]
Country of Incorporation		Canada	Canada
Proportion of ownership interest in subsidiary		100%	100%
SMX israel ltd [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation		Israel	Israel
Proportion of ownership interest in subsidiary		100%	100%		100%	[3]
Security matters canada ltd [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation		Canada	Canada
Proportion of ownership interest in subsidiary		100%	100%		100%	[3]
SMX beverages pty ltd [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation		Australia	Australia
Proportion of ownership interest in subsidiary		100%	100%		100%	[3]
True gold consortium pty ltd [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation		Australia	Australia
Proportion of ownership interest in subsidiary	[4]	51.90%	51.90%	[3]
Yahaloma technologies inc [member]
IfrsStatementLineItems [Line Items]
Country of Incorporation		Canada	Canada
Proportion of ownership interest in subsidiary		50%	50%		50%	[3]
[1]Incorporated in 2023.[2]Merger occurred in March 2023 as part of the Business Combination.[3]Owned by Security Matters PTY Ltd. (formerly - Security Matters Limited) as of December 31, 2023.[4]Legally owned by Security Matters PTY Ltd. (formerly - Security Matters Limited). On July 2024 ownership in the subsidiary increased from 51.9 52.9

GENERAL (Details Narrative)

GENERAL (Details Narrative) $ / shares in Units, $ in Thousands

1 Months Ended

6 Months Ended

12 Months Ended

Jul. 10, 2024 USD ($) shares

Apr. 19, 2024 USD ($)

Feb. 20, 2024 $ / shares shares

Oct. 03, 2023

Jul. 26, 2022 USD ($) $ / shares shares

Feb. 29, 2024 USD ($)

May 31, 2022 USD ($)

May 31, 2022 AUD ($)

Jun. 30, 2024 USD ($) $ / shares shares

Dec. 31, 2023 USD ($) $ / shares shares

Sep. 16, 2024 shares

Aug. 30, 2024 USD ($)

Aug. 24, 2024 USD ($)

Jul. 15, 2024 $ / shares shares

Jun. 30, 2024 € / shares

Jun. 27, 2024 shares

Apr. 01, 2024 USD ($)

Dec. 31, 2023 € / shares

Mar. 07, 2023 shares

Jan. 31, 2023 shares

Dec. 31, 2022 USD ($)

Jan. 31, 2015

IfrsStatementLineItems [Line Items]

Number of shares issued | shares

36,341

1,237,751

1,000,000

864,000

Ordinary shares | € / shares

€ 1

€ 1

Percentage of interests acquired additional

2%

Convertible note

$ 569,000

$ 828

Proceeds from second round funding

$ 5,800,000

Accumulated losses

$ 61,627,000

50,934,000

$ 30,020,000

Convertible notes

$ 563,000

Bottom of range [member]

IfrsStatementLineItems [Line Items]

Convertible note

500,000

Top of range [member]

IfrsStatementLineItems [Line Items]

Convertible note

1,000,000

Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Number of shares issued | shares

51,810

22,611

75

Notional amount

$ 223,600

$ 407,000

Convertible note

$ 800,000

$ 407,000

Minimum bid price | $ / shares

$ 1

Nonadjusting event [member] | Bottom of range [member]

IfrsStatementLineItems [Line Items]

Ordinary shares | $ / shares

$ 0.0022

Number of shares outstanding value | shares

597,000

Nonadjusting event [member] | Top of range [member]

IfrsStatementLineItems [Line Items]

Ordinary shares | $ / shares

$ 0.165

Number of shares outstanding value | shares

44,800,000

True gold consortium pty ltd [member]

IfrsStatementLineItems [Line Items]

Percentage of interests acquired additional

7.50%

Percentage of holding interests

51.90%

Equity line agreement [member]

IfrsStatementLineItems [Line Items]

Consideration of issuance of common stock

25,000,000

Other receivables

3,000,000

Equity Purchase Agreement [Member] | Entering into significant commitments or contingent liabilities [member]

IfrsStatementLineItems [Line Items]

Notional amount

$ 30,000,000

$ 30,000,000

Nato Agreement [Member]

IfrsStatementLineItems [Line Items]

Expenses and capitalize

$ 5,000,000

Stock Purchase Agreement [Member]

IfrsStatementLineItems [Line Items]

Notional amount

30,000,000

$ 30,000,000

Purchase price description

The SPA allows the Company to sell shares to Alpha through “Puts” with a mandatory minimum of $20 per Put and a maximum of $833 in any 30-day period. The share price depends on market conditions and is discounted based on specific price thresholds. Alpha’s obligation to purchase shares is subject to customary conditions, including owning no more than 4.99% of the Company’s shares at any given time. The SPA automatically terminates after 36 months or once Alpha has purchased $30 million in shares. The Company can terminate the agreement under certain conditions. Proceeds will primarily support working capital and general corporate purposes, with 50% of sales used to repay any outstanding debts owed to Alpha. The Company is continuing with additional capital raising and as described in note 9, post balance sheet date entered into additional funding agreements of $5.3 million along with securing $747 thousand and $194 in addition to restructuring of debt, into $800 and $500 in convertible and non convertible notes respectively.

Additional funding agreements

$ 5,300,000

Securing amount

747,000

Restructuring debt

194,000

Convertible notes

800,000

Not convertible notes

$ 500,000

Stock Purchase Agreement [Member] | Entering into significant commitments or contingent liabilities [member]

IfrsStatementLineItems [Line Items]

Notional amount

$ 30,000,000

Purchase price description

(a) 95% of the lowest daily traded price of the Company’s ordinary shares during the five trading day valuation period (provided that it shall not be less than a Company-specified minimum acceptable price) (“Market Price”), if the market price of the ordinary shares is over $1.00; (b) 90% of the Market Price, if the market price of the ordinary shares is between $0.80 and $1.00: (c) 85% of the Market Price, if the market price of the ordinary shares is between $0.60 and $0.80; (d) 80% of the Market Price, if the market price of the ordinary shares is between $0.40 and $0.60; (e) 75% of the Market Price, if the market price of the ordinary shares is between $0.20 and $0.40; and (f) 50% of the Market Price, if the market price of the ordinary shares is below $0.20. The SPA contains restrictions on the Company’s ability to enter into any Variable Rate Transaction (as defined in the SPA), as described in the SPA

Lionheart [Member] | Business Combination Agreement [Member]

IfrsStatementLineItems [Line Items]

Redemption percentage of business combination

97.58%

Remaining funds in trust account

$ 3,061,000

Ordinary shares [member]

IfrsStatementLineItems [Line Items]

Number of shares issued | shares

161,662

42,573

11,699

160,227

Ordinary shares | $ / shares

$ 18

$ 0.165

$ 0.0022

Purchase price description

purchase up to $30 million of the Company’s ordinary shares, subject to the SPA’s terms. The Company may direct Alpha to purchase shares at its discretion after a three-month period, with a minimum purchase (“Put”) of $20 and a maximum of $833 in any 30-day period, subject to certain pricing conditions based on market price.

Ordinary shares [member] | Security matters pty ltd [member]

IfrsStatementLineItems [Line Items]

Number of shares issued | shares

1

Share price | $ / shares

$ 10.3624

Ordinary shares | $ / shares

$ 10

SCHEDULE OF DEPRECIATION RATES

SCHEDULE OF DEPRECIATION RATES OF PROPERTY, PLANT AND EQUIPMENT (Details)	12 Months Ended
	Dec. 31, 2023
Computer equipment [member]
IfrsStatementLineItems [Line Items]
Depreciation rate, property, plant and equipment	33%
Machinery [member]
IfrsStatementLineItems [Line Items]
Depreciation rate, property, plant and equipment	20%
Furniture and office equipment [member]
IfrsStatementLineItems [Line Items]
Depreciation rate, property, plant and equipment	10%
Leasehold improvements [member]
IfrsStatementLineItems [Line Items]
Depreciation rate, property, plant and equipment	8%

SIGNIFICANT ACCOUNTING POLICI_4

SIGNIFICANT ACCOUNTING POLICIES (Details Narrative)	12 Months Ended
	Dec. 31, 2023 USD ($)
Significant Accounting Policies
Fair value based on quoted opening share price	$ 11,599
Fair value of shares	16,802
Marketable securities held in trust account	4,921
Trade, other payables and warrants	$ 10,127

SCHEDULE OF FAIR VALUE OF THE I

SCHEDULE OF FAIR VALUE OF THE IDENTIFIABLE ASSETS AND LIABILITIES (Details) - True gold consortium pty ltd [member] $ in Thousands	Oct. 03, 2023 USD ($)
IfrsStatementLineItems [Line Items]
Cash and cash equivalents	$ 13
Other current receivables	155
Intangible asset (core technology license)	10,449
Trade payables	277
Net identifiable assets	10,340
Non-controlling interests	(20,826)
Goodwill	32,957
Total purchase cost	307
Fair value of previous investment	22,164
Fair value of identifiable assets and liabilities	$ 22,471

TRUE GOLD BUSINESS COMBINATIO_2

TRUE GOLD BUSINESS COMBINATION (Details Narrative)				3 Months Ended	9 Months Ended
	Oct. 03, 2023 USD ($) $ / shares	Oct. 03, 2023 AUD ($)	Oct. 02, 2023	Dec. 31, 2023 USD ($)	Oct. 02, 2023 USD ($)	Jun. 30, 2024 € / shares	Dec. 31, 2023 € / shares	Jan. 31, 2015
IfrsStatementLineItems [Line Items]
Percentage of interests acquired additional								2%
Fair value of ordinary shares per share | € / shares						€ 1	€ 1
True gold consortium pty ltd [member]
IfrsStatementLineItems [Line Items]
Percentage of interests acquired additional	7.50%
Percentage of holding interests	51.90%	51.90%	44.40%
Investment fair value at acquistion | $	$ 22,164,000
Gain from remeasurement of investment at fair value | $	$ 22,164,000
weighted average cost of capital percentage	24.80%
Terminal per shares | $ / shares	$ 4.59
Terminal growth rate	3%
Discount for lack of marketability percentage	25.20%
Discount for lack of marketability value | $ / shares	$ 11.17
Fair value of ordinary shares per share | $ / shares	$ 33.12
Forgiveness of outstanding payables	$ 307	$ 475
Net loss of acquiree | $				$ 155	$ 692

SCHEDULE OF OTHER CURRENT ASSET

SCHEDULE OF OTHER CURRENT ASSETS (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Notes and other explanatory information [abstract]
Current prepayments and other current assets		$ 142	$ 3,157	[1]
Tax authorities		257	358
Proof of concept receivables		148	86
Other		87	72
Total	$ 373	$ 634	$ 3,673
[1]Includes $ 3,123

SCHEDULE OF OTHER RECEIVABLES (

SCHEDULE OF OTHER RECEIVABLES (Details) (Parenthetical) $ in Thousands	Dec. 31, 2022 USD ($)
SPAC [member]
IfrsStatementLineItems [Line Items]
Anticipated transaction costs	$ 3,123

SCHEDULE OF PROPERTY, PLANT AND

SCHEDULE OF PROPERTY, PLANT AND EQUIPMENT (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Property and equipment, beginning balance	$ 555
Property and equipment, ending balance	411	$ 555
Gross carrying amount [member]
IfrsStatementLineItems [Line Items]
Property and equipment, beginning balance	1,377	1,496
Additions	31	152
Deductions
Depreciation
Currency translation adjustments	(16)	(271)
Property and equipment, ending balance	1,392	1,377
Accumulated depreciation [member]
IfrsStatementLineItems [Line Items]
Property and equipment, beginning balance	822	770
Depreciation	180	232
Currency translation adjustments	(21)	(180)
Property and equipment, ending balance	981	822
Leasehold improvements [member]
IfrsStatementLineItems [Line Items]
Property and equipment, beginning balance	45
Property and equipment, ending balance	51	45
Leasehold improvements [member] | Gross carrying amount [member]
IfrsStatementLineItems [Line Items]
Property and equipment, beginning balance	63	81
Additions	15
Deductions
Depreciation
Currency translation adjustments	(3)	(18)
Property and equipment, ending balance	75	63
Leasehold improvements [member] | Accumulated depreciation [member]
IfrsStatementLineItems [Line Items]
Property and equipment, beginning balance	18	20
Depreciation	6	4
Currency translation adjustments		(6)
Property and equipment, ending balance	24	18
Machinery [member]
IfrsStatementLineItems [Line Items]
Property and equipment, beginning balance	448
Property and equipment, ending balance	314	448
Machinery [member] | Gross carrying amount [member]
IfrsStatementLineItems [Line Items]
Property and equipment, beginning balance	1,147	1,233
Additions	5	135
Deductions
Depreciation
Currency translation adjustments	(6)	(221)
Property and equipment, ending balance	1,146	1,147
Machinery [member] | Accumulated depreciation [member]
IfrsStatementLineItems [Line Items]
Property and equipment, beginning balance	699	645
Depreciation	151	202
Currency translation adjustments	(18)	(148)
Property and equipment, ending balance	832	699
Furniture and office equipment [member]
IfrsStatementLineItems [Line Items]
Property and equipment, beginning balance	34
Property and equipment, ending balance	32	34
Furniture and office equipment [member] | Gross carrying amount [member]
IfrsStatementLineItems [Line Items]
Property and equipment, beginning balance	65	83
Additions	7
Deductions
Depreciation
Currency translation adjustments	(3)	(18)
Property and equipment, ending balance	69	65
Furniture and office equipment [member] | Accumulated depreciation [member]
IfrsStatementLineItems [Line Items]
Property and equipment, beginning balance	31	33
Depreciation	7	7
Currency translation adjustments	(1)	(9)
Property and equipment, ending balance	37	31
Computer equipment [member]
IfrsStatementLineItems [Line Items]
Property and equipment, beginning balance	28
Property and equipment, ending balance	14	28
Computer equipment [member] | Gross carrying amount [member]
IfrsStatementLineItems [Line Items]
Property and equipment, beginning balance	102	99
Additions	4	17
Deductions
Depreciation
Currency translation adjustments	(4)	(14)
Property and equipment, ending balance	102	102
Computer equipment [member] | Accumulated depreciation [member]
IfrsStatementLineItems [Line Items]
Property and equipment, beginning balance	74	72
Depreciation	16	19
Currency translation adjustments	(2)	(17)
Property and equipment, ending balance	$ 88	$ 74

SCHEDULE OF INVESTMENTS IN ASSO

SCHEDULE OF INVESTMENTS IN ASSOCIATED COMPANIES (Details)	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Yahaloma technologies inc [member]
IfrsStatementLineItems [Line Items]
Country of incorporation	Canada
Proportion of ownership interest in associate	50%	50%
True gold consortium pty ltd [member]
IfrsStatementLineItems [Line Items]
Country of incorporation	Australia
Proportion of ownership interest in associate	51.90%	44.40%

INVESTMENTS IN ASSOCIATED COM_3

INVESTMENTS IN ASSOCIATED COMPANIES (Details Narrative)	Jan. 31, 2023	Dec. 24, 2021 AUD ($) shares	Dec. 24, 2021 USD ($)	Dec. 24, 2021 AUD ($) $ / shares
IfrsStatementLineItems [Line Items]
Risk free interest rate, share options granted	3.42%
True gold consortium pty ltd [member]
IfrsStatementLineItems [Line Items]
Proportion of ownership interest in joint venture		7.50%
SMX beverages pty ltd [member]
IfrsStatementLineItems [Line Items]
Proportion of ownership interest in joint venture		50%
Shares issued for exercise of stock options shares | shares		8,000,001
Exercise price of outstanding share options | $ / shares				$ 0.4
Weighted average remaining contractual life of outstanding share options		Mar. 25, 2027
Consideration transferred, acquisition-date fair value			$ 721,424	$ 960,000
Risk free interest rate, share options granted		2.50%
Options expected life		5 years
Global BevCo Pty Ltd. [member] | Consulting agreement [member]
IfrsStatementLineItems [Line Items]
Consulting fees | $		$ 13,500
Percentage of entity's revenue		5%

SUMMARY OF INTANGIBLE ASSETS NE

SUMMARY OF INTANGIBLE ASSETS NET (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Amortization	$ 145
Net book value	16,486	$ 5,027
Capitalised development expenditure [member]
IfrsStatementLineItems [Line Items]
Net book value	5,218	4,372
Licences [member]
IfrsStatementLineItems [Line Items]
Net book value	819	655
Technology License [Member]
IfrsStatementLineItems [Line Items]
Net book value	10,449
Gross carrying amount [member]
IfrsStatementLineItems [Line Items]
Cost, beginning balance	5,027
Capitalized development cost	11,583	1,696
Currency translation adjustments		(566)
Cost, ending balance	16,610
Cost, beginning balance	5,154	4,024
Cost, ending balance		5,154
Gross carrying amount [member] | Capitalised development expenditure [member]
IfrsStatementLineItems [Line Items]
Cost, beginning balance	4,372
Capitalized development cost	977	975
Currency translation adjustments	(7)	(500)
Cost, ending balance	5,342
Cost, beginning balance	4,499	4,024
Cost, ending balance		4,499
Gross carrying amount [member] | Licences [member]
IfrsStatementLineItems [Line Items]
Cost, beginning balance	655
Capitalized development cost	157	721
Currency translation adjustments	7	(66)
Cost, ending balance	819
Cost, beginning balance	655
Cost, ending balance		655
Gross carrying amount [member] | Technology License [Member]
IfrsStatementLineItems [Line Items]
Cost, beginning balance
Capitalized development cost	10,449
Currency translation adjustments
Cost, ending balance	10,449
Accumulated Depreciation Amortisation [Member]
IfrsStatementLineItems [Line Items]
Currency translation adjustments	(3)	(3)
Accumulated amortization, beginning balance	127	116
Amortization		14
Accumulated amortization, ending balance	124	127
Accumulated Depreciation Amortisation [Member] | Capitalised development expenditure [member]
IfrsStatementLineItems [Line Items]
Currency translation adjustments	(3)	(3)
Accumulated amortization, beginning balance	127	116
Amortization		14
Accumulated amortization, ending balance	124	127
Accumulated Depreciation Amortisation [Member] | Licences [member]
IfrsStatementLineItems [Line Items]
Currency translation adjustments
Accumulated amortization, beginning balance
Amortization
Accumulated amortization, ending balance
Accumulated Depreciation Amortisation [Member] | Technology License [Member]
IfrsStatementLineItems [Line Items]
Currency translation adjustments
Accumulated amortization, beginning balance
Amortization
Accumulated amortization, ending balance

INTANGIBLE ASSETS, NET (Details

INTANGIBLE ASSETS, NET (Details Narrative) - USD ($) $ in Thousands		12 Months Ended
	Dec. 24, 2021	Dec. 31, 2023
IfrsStatementLineItems [Line Items]
Amortisation, intangible assets other than goodwill		$ 145
SMX beverages pty ltd [member]
IfrsStatementLineItems [Line Items]
Proportion of ownership interest in joint venture	50%
Other intangible assets [member] | SMX beverages pty ltd [member]
IfrsStatementLineItems [Line Items]
Intangible assets under development		$ 662
Proportion of ownership interest in joint venture		50%

CONVERTIBLE NOTES (Details Narr

CONVERTIBLE NOTES (Details Narrative) $ / shares in Units, $ in Thousands

1 Months Ended

6 Months Ended

12 Months Ended

Jun. 27, 2024 USD ($) $ / shares shares

Jun. 21, 2024 $ / shares

Apr. 11, 2024 USD ($) $ / shares shares

Feb. 28, 2024 $ / shares

Feb. 24, 2024 USD ($) $ / shares

Feb. 20, 2024 USD ($) $ / shares shares

Dec. 08, 2023 USD ($) $ / shares shares

Sep. 06, 2023 USD ($) $ / shares shares

Mar. 07, 2023 shares

Jan. 31, 2023 shares

Jan. 25, 2023 USD ($) $ / shares shares

Jun. 30, 2024 USD ($) $ / shares shares

Jan. 31, 2024 $ / shares

May 31, 2022 USD ($) shares

May 31, 2022 AUD ($) shares

Jun. 30, 2024 USD ($) $ / shares shares

Jan. 25, 2024

Dec. 31, 2023 USD ($) $ / shares shares

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Jun. 30, 2024 € / shares

Apr. 24, 2024 shares

Dec. 31, 2023 € / shares

Jul. 31, 2022 shares

Jun. 27, 2022 $ / shares

May 31, 2022 AUD ($)

IfrsStatementLineItems [Line Items]

Proceeds from borrowings

$ 569,000

$ 828

Interest rate

4%

Warrant, per shares | € / shares

€ 1

€ 1

Fair value of convertible notes

$ 349,000

$ 349,000

$ 304,000

Fair value of the redeemable warrants

$ 74,000

$ 74,000

$ 73,000

Number of convertible notes issued | shares

828,240

828,240

Face value of convertible notes

$ 700

$ 1

Convertible notes maturity period

6 months

6 months

Conversion price, description

(i) if Security Matters PTY Ltd. executes a binding agreement for an M&A transaction or receives USD 20 million or more in return for the issuance of shares on or before December 31, 2022, the principal amount of each 2022 Convertible Note will automatically be converted into shares in Security Matters PTY Ltd. The issuance price per share will be calculated at a 20% discount to the higher of the offer price or price paid by the investors participating in the qualified transaction, as such term is defined in the 2022 Convertible Notes agreement, subject to a floor cap of no lower than AUD 0.15 (USD 0.11) per share. In July 2022, Security Matters PTY Ltd. entered into the Business Combination Agreement that will be subject to de-listing of the Company’s ordinary share capital from the Australian Stock Exchange following receiving an Australian court approval of the future merger (ii) if Security Matters PTY Ltd. has not executed a binding agreement for a qualified transaction until December 31, 2022, the 2022 Convertible Notes balance will automatically convert into ordinary shares at that date. The issuance price per share will be calculated at a 20% discount to the 5-21 day volume weighted average price to December 31, 2022, as such term is defined in the Convertible Notes agreement, subject to a cap of no lower than AUD 0.15 (USD 0.11) per share, and on December 31, 2022 the investors will also be issued unlisted two year options on a 1:2 basis with an exercise price of AUD 0.45 (USD 0.32) per share

(i) if Security Matters PTY Ltd. executes a binding agreement for an M&A transaction or receives USD 20 million or more in return for the issuance of shares on or before December 31, 2022, the principal amount of each 2022 Convertible Note will automatically be converted into shares in Security Matters PTY Ltd. The issuance price per share will be calculated at a 20% discount to the higher of the offer price or price paid by the investors participating in the qualified transaction, as such term is defined in the 2022 Convertible Notes agreement, subject to a floor cap of no lower than AUD 0.15 (USD 0.11) per share. In July 2022, Security Matters PTY Ltd. entered into the Business Combination Agreement that will be subject to de-listing of the Company’s ordinary share capital from the Australian Stock Exchange following receiving an Australian court approval of the future merger (ii) if Security Matters PTY Ltd. has not executed a binding agreement for a qualified transaction until December 31, 2022, the 2022 Convertible Notes balance will automatically convert into ordinary shares at that date. The issuance price per share will be calculated at a 20% discount to the 5-21 day volume weighted average price to December 31, 2022, as such term is defined in the Convertible Notes agreement, subject to a cap of no lower than AUD 0.15 (USD 0.11) per share, and on December 31, 2022 the investors will also be issued unlisted two year options on a 1:2 basis with an exercise price of AUD 0.45 (USD 0.32) per share

Convertible note

$ 563,000

Number of warrant shares issued | shares

1,000,000

864,000

36,341

36,341

1,237,751

Gross proceeds

182,000

$ 5,892,000

Conversion of debt equity, description

shareholders received as consideration 1 ordinary share of the Company per 10.3624 Security Matters PTY Ltd.’s ordinary shares

Exercise price | $ / shares

$ 0.165

$ 0.165

Warrant, fair value

$ 749,000

$ 749,000

1,143,000

Volatility rate

81.92%

Risk-free interest rate

3.42%

Investors [Member]

IfrsStatementLineItems [Line Items]

Number of warrant shares issued | shares

36,341

Exercise price | $ / shares

$ 3.75

Top of range [member]

IfrsStatementLineItems [Line Items]

Proceeds from borrowings

$ 1,000,000

Convertible promissory note [member]

IfrsStatementLineItems [Line Items]

Number of warrant shares issued | shares

19,102

19,102

Number of value converted

$ 2,300,000

$ 2,300,000

Convertible notes [member]

IfrsStatementLineItems [Line Items]

Proceeds from borrowings

$ 250,000

Principal amount

$ 250,000

Maturity date

December 31, 2024

Interest rate

15%

Discount rate

32.20%

Major ordinary share transactions [member]

IfrsStatementLineItems [Line Items]

Ordinary shares | shares

1,000,000

Redeemable warrants [member]

IfrsStatementLineItems [Line Items]

Warrants term

5 years

Expected volatility rate

0.7374

Risk-free interest rate

0.0391

Volatility rate

63.16%

73.74%

Risk-free interest rate

4.46%

3.91%

Warrant B [member]

IfrsStatementLineItems [Line Items]

Warrants to purchase ordinary shares | shares

909,090

Number of warrant shares issued | shares

606,060

Gross proceeds

$ 697

Warrants exercise price per share | $ / shares

$ 1.15

$ 5.28

Warrants [member]

IfrsStatementLineItems [Line Items]

Number of warrant shares issued | shares

24,568,773

Convertible Note Agreements [Member] | Bonus warrants [member]

IfrsStatementLineItems [Line Items]

Warrants to purchase ordinary shares | shares

12,500

Exercise price | $ / shares

$ 11.50

Warrants term

5 years

Convertible Note Agreements [Member] | Bonus warrants [member] | Investors [Member]

IfrsStatementLineItems [Line Items]

Warrants to purchase ordinary shares | shares

167

Warrants term

5 years

Exercise price | $ / shares

$ 862.50

Convertible Note Agreements [Member] | Redeemable warrants [member]

IfrsStatementLineItems [Line Items]

Discount rate

20%

Warrants to purchase ordinary shares | shares

12,500

Warrants term

5 years

Share purchase price | $ / shares

$ 11.50

Warrant, per shares | $ / shares

$ 5

Description of approach used to determine discount rates

The investor has the option to decide that the Company will satisfy any or each redemption through the issuance of ordinary shares of the Company based upon a 20% discount to the 20-trading day VWAP preceding each such anniversary

Convertible Note Agreements [Member] | Redeemable warrants [member] | Investors [Member]

IfrsStatementLineItems [Line Items]

Warrants to purchase ordinary shares | shares

167

Warrants term

5 years

Share purchase price | $ / shares

$ 862.50

Warrant, per shares | $ / shares

$ 375

Description of approach used to determine discount rates

The investor has the option to decide that the Company will satisfy any or each redemption through the issuance of ordinary shares of the Company based upon a 20% discount to the 20-trading day VWAP preceding each such anniversary.

Convertible Notes Agreements [Member]

IfrsStatementLineItems [Line Items]

Number of warrant shares issued | shares

1,000,000

Securities purchase agreement [member]

IfrsStatementLineItems [Line Items]

Proceeds from borrowings

$ 407,000

Maturity date

6

Interest rate

0%

Conversion price, description

Additionally, the Company issued the investor 1,333 warrants, exercisable for 60 months at an exercise price of $3.75 per share, without price-based anti-dilution adjustments. The convertible security is accounted in accordance with the amortized cost model and amounted to $388 as of June 30, 2024, see also note 9(6) and 9(10). The convert option and the warrants meet the fixed-for-fixed criterion of IAS 32, resulting in being classified as equity.

Number of warrant shares issued | shares

2,619,377

Conversion price | $ / shares

$ 1.6378

Gross proceeds

$ 350,000

$ 2,358,000

Principal amount

4,290,000

Borrowing cost

$ 2,574,000

Original issue discount

40%

Interest accrued percent

12%

Conversion of debt equity, description

Any such conversion is subject to customary conversion limitations set forth in the Purchase Agreement so the investor beneficially owns less than 4.99% of the Company’s ordinary shares. Additionally, the Company has the right to convert in whole or in part the note into ordinary shares; provided that in no case shall the Company so convert the note if the result of the issuance of Ordinary Shares thereby would result in the beneficial ownership of the investor of ordinary shares in excess of 4.99%

Exercise price | $ / shares

$ 11.775

$ 122.835

Repayment of debt, rate

15%

Conversion price per share | $ / shares

$ 18,000

$ 122.835

Securities purchase agreement [member] | Investors [Member]

IfrsStatementLineItems [Line Items]

Exercise price | $ / shares

$ 11.775

Securities purchase agreement [member] | Alpha april note [Member]

IfrsStatementLineItems [Line Items]

Interest rate

12%

Discount rate

15%

Warrant, per shares | $ / shares

$ 18,000

Original issue discount

10%

Borrowings

$ 2,250,000

Borrowings maturity date

12 months

Conversion of shares daily fee

$ 2,000

Outstanding principal and interest description

If an event of default occurs, the Alpha April Note’s outstanding principal and interest increase by 120%, or 500% in specific default situations, with default interest at the lesser of 24.5% or the maximum legal rate.

Warrant term

5 years 6 months

Exercise price | $ / shares

$ 0.165

Conversion price, value

$ 527,000

$ 730,000

Repayment of debt, rate

50%

50%

Securities purchase agreement [member] | Alpha april note [Member] | Top of range [member]

IfrsStatementLineItems [Line Items]

Beneficially owns rate

4.99%

Conversion of shares rate

4.99%

Securities purchase agreement [member] | Convertible promissory note [member]

IfrsStatementLineItems [Line Items]

Principal amount

$ 1,000,000

Principal amount

$ 4,290,000

Borrowing cost

$ 2,574,000

Original issue discount

40%

Interest accrued percent

12%

Conversion of debt equity, description

Any such conversion is subject to customary conversion limitations set forth in the Purchase Agreement, so the investor beneficially owns less than 4.99% of the Company’s ordinary shares. Additionally, the Company has the right to convert in whole or in part the note into ordinary shares; provided that in no case shall the Company so convert the note if the result of the issuance of Ordinary Shares thereby would result in the beneficial ownership of the investor of ordinary shares in excess of 4.99%

Conversion price per share | $ / shares

$ 122.835

Securities purchase agreement [member] | Warrant A [member]

IfrsStatementLineItems [Line Items]

Number of warrant shares issued | shares

3,929,051

Warrants exercise price per share | $ / shares

$ 0.0022

Exercise price | $ / shares

$ 0.165

Number of warrant issued | shares

52,387

Securities purchase agreement [member] | Warrant B [member]

IfrsStatementLineItems [Line Items]

Number of warrant shares issued | shares

2,619,367

Warrants exercise price per share | $ / shares

$ 1.6378

Exercise price | $ / shares

$ 122.835

Number of warrant issued | shares

34,925

Securities purchase agreement [member] | Warrants [member]

IfrsStatementLineItems [Line Items]

Warrant, per shares | $ / shares

$ 11.775

Number of warrant shares issued | shares

157,673

Gross proceeds

$ 2,574,000

Warrant term

5 years 6 months

5 years 6 months

Ownership limit, rate

4.99%

Warrant, fair value

$ 1,090,000

$ 749,000

$ 749,000

Conversion price, value

$ 268,000

$ 343,000

Volatility rate

73.43%

72.76%

Risk-free interest rate

4.61%

4.33%

Cost of equity capital rate

22.20%

22.20%

Yield of bonds rate

16.99%

14.78%

Ordinary shares [member]

IfrsStatementLineItems [Line Items]

Fixed conversion price | $ / shares

$ 10

Warrant, per shares | $ / shares

$ 18

$ 0.165

$ 0.165

$ 0.0022

Number of warrant shares issued | shares

11,699

161,662

160,227

42,573

42,573

Gross proceeds

$ 2,910,000

Principal amount

$ 119,000

$ 569,000

$ 569,000

Ordinary shares [member] | Convertible notes [member]

IfrsStatementLineItems [Line Items]

Discount rate

26.96%

20%

Ordinary shares [member] | Convertible notes [member] | Investors [Member]

IfrsStatementLineItems [Line Items]

Discount rate

20%

Ordinary shares [member] | Securities purchase agreement [member]

IfrsStatementLineItems [Line Items]

Number of warrant shares issued | shares

3,929,051

Ordinary shares [member] | Securities purchase agreement [member] | Warrant A [member]

IfrsStatementLineItems [Line Items]

Number of warrant shares issued | shares

2,619,367

Warrant A [member]

IfrsStatementLineItems [Line Items]

Ordinary shares | shares

3,789,264

Warrant B [member]

IfrsStatementLineItems [Line Items]

Ordinary shares | shares

2,619,367

Warrant Aand B [Member] | Securities purchase agreement [member]

IfrsStatementLineItems [Line Items]

Number of warrant shares issued | shares

34,925

34,925

Convertible notes [member]

IfrsStatementLineItems [Line Items]

Proceeds from borrowings

$ 250,000

Principal amount

$ 250,000

Maturity date

December 31, 2024

Interest rate

15%

Discount rate

32.20%

Convertible notes [member] | Ordinary shares [member]

IfrsStatementLineItems [Line Items]

Discount rate

20%

Promissory Note [Member] | Securities purchase agreement [member]

IfrsStatementLineItems [Line Items]

Principal amount

$ 1,000,000

Number of value converted

$ 2,100,000

BRIDGE LOANS LIABILITIES (Detai

BRIDGE LOANS LIABILITIES (Details Narrative) $ / shares in Units, $ in Thousands

1 Months Ended

6 Months Ended

12 Months Ended

Aug. 30, 2024

Aug. 24, 2024

Jul. 10, 2024 USD ($) shares

Jun. 27, 2024 $ / shares

Dec. 31, 2023 USD ($) $ / shares shares

Jan. 31, 2023 shares

Feb. 29, 2024 USD ($) $ / shares

Jan. 31, 2024 $ / shares

Mar. 31, 2023 USD ($) shares

May 31, 2022 USD ($)

May 31, 2022 AUD ($)

Jan. 31, 2023 USD ($) shares

Dec. 31, 2023 USD ($) $ / shares shares

Dec. 31, 2022 USD ($)

Sep. 16, 2024 shares

Jul. 15, 2024 shares

Jun. 30, 2024 USD ($) shares

Mar. 07, 2023 shares

Jan. 31, 2015

IfrsStatementLineItems [Line Items]

Interest rate

4%

4%

Exercise price of share | $ / shares

$ 0.165

$ 0.165

Percentage of voting equity interests acquired

2%

Risk-free interest rate

3.42%

Volatility rate

81.92%

Aggregate amount of convertible instruments issued

$ 569,000

$ 828

Redeemable warrants | $

$ 493,000

$ 493,000

$ 186,000

Number of shares | shares

1,237,751

864,000

864,000

1,237,751

36,341

1,000,000

Warrant per share | $ / shares

$ 0.25

$ 0.25

Volatility rate

0%

Warrants fair value | $

$ 1,023

Three valuation models [member]

IfrsStatementLineItems [Line Items]

Risk-free interest rate

3.91%

3.99%

Volatility rate

73.74%

81.03%

Excepted terms

4 years 2 months 4 days

5 years 2 months 4 days

Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Loans maturity date

The maturity date of the Note is June 30, 2025.

maturity date to February 24, 2025.

December 31, 2024

Interest rate

10%

Exercise price of share | $ / shares

$ 0.5

Aggregate amount of convertible instruments issued | $

$ 800,000

$ 407,000

Number of shares | shares

51,810

22,611

75

Top of range [member]

IfrsStatementLineItems [Line Items]

Aggregate amount of convertible instruments issued | $

$ 1,000,000

Bridge loan agreements [member]

IfrsStatementLineItems [Line Items]

Interest rate

10%

10%

Accumulated interest | $

1,739,000

Fair value of the bonus Warrants | $

$ 24,000

Risk-free interest rate

4.13%

Volatility rate

70.39%

Excepted terms

3 years

Aggregate amount of convertible instruments issued | $

750,000

$ 1,350,000

Redeemable warrants | $

$ 1,450,000

$ 1,000,000

$ 1,450,000

Number of shares | shares

4,032,256

872,418

4,032,256

Share purchase price | $ / shares

$ 1.17

Volatility rate

0%

Bridge loan agreements [member] | Bonus warrants [member]

IfrsStatementLineItems [Line Items]

Warrants to purchase shares | shares

11,045

Exercise price of share | $ / shares

$ 253

Bridge loan agreements [member] | Redeemable warrants [member] | Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Loans maturity date

five years

Bridge loan agreements [member] | Redeemable warrants type 1 [member]

IfrsStatementLineItems [Line Items]

Loans maturity date

five years

Warrants to purchase shares | shares

15,545

Exercise price of share | $ / shares

$ 110

Weighted average share price, share options granted | $ / shares

$ 253

Percentage of voting equity interests acquired

50%

50%

Bridge loan agreements [member] | Redeemable warrants type 1 [member] | Monte carlo simulation model [member]

IfrsStatementLineItems [Line Items]

Fair value of warrants | $

$ 72,000

1,973,000

Bridge loan agreements [member] | Redeemable warrants type 1 [member] | Third anniversary [member]

IfrsStatementLineItems [Line Items]

Percentage of voting equity interests acquired

25%

25%

Bridge loan agreements [member] | Redeemable warrants type 1 [member] | Fourth anniversary [member]

IfrsStatementLineItems [Line Items]

Exercise price of share | $ / shares

$ 110

Percentage of voting equity interests acquired

25%

25%

Bridge loan agreements [member] | Redeemable warrants type 2 [member]

IfrsStatementLineItems [Line Items]

Loans maturity date

five years

Warrants to purchase shares | shares

10,454

Weighted average share price, share options granted | $ / shares

$ 253

Description of approach used to determine discount rates

Each investor has the option to decide that the Company will satisfy any or each redemption through the issuance of ordinary shares of the Company based upon a 20% discount to the 20-trading day VWAP preceding each such anniversary

Bridge loan agreements [member] | Redeemable warrants type 2 [member] | Monte carlo simulation model [member]

IfrsStatementLineItems [Line Items]

Fair value of warrants | $

$ 421,000

$ 696,000

Bridge loan agreements [member] | Redeemable warrants type 2 [member] | First anniversary [member]

IfrsStatementLineItems [Line Items]

Exercise price of share | $ / shares

$ 110

Percentage of voting equity interests acquired

50%

50%

Bridge loan agreements [member] | Redeemable warrants type 2 [member] | Second anniversary [member]

IfrsStatementLineItems [Line Items]

Exercise price of share | $ / shares

$ 110

Percentage of voting equity interests acquired

50%

50%

Bridge loan agreements [member] | Top of range [member]

IfrsStatementLineItems [Line Items]

Loans maturity date

two years

Bridge loan agreements [member] | Eleven lenders [member]

IfrsStatementLineItems [Line Items]

Proceeds from loans and warrants | $

$ 3,860,000

PRE-PAID ADVANCE (Details Narra

PRE-PAID ADVANCE (Details Narrative)

1 Months Ended

6 Months Ended

12 Months Ended

Dec. 31, 2023 USD ($)

Jul. 31, 2023 USD ($)

Jul. 27, 2023 USD ($) $ / shares

Jul. 31, 2023 USD ($)

Feb. 28, 2023 USD ($) $ / shares

Jun. 30, 2024 USD ($)

Jun. 30, 2023 USD ($)

Dec. 31, 2023 USD ($)

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Aug. 30, 2024 USD ($)

Aug. 24, 2024 USD ($)

Jun. 30, 2024 € / shares

Apr. 19, 2024 USD ($)

Apr. 01, 2024 USD ($)

Dec. 31, 2023 € / shares

IfrsStatementLineItems [Line Items]

Ordinary shares | € / shares

€ 1

€ 1

Floor price per share | $ / shares

$ 1.10

Repayments of borrowings

$ 30,000

$ 30,000

$ 30,000

Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Ordinary shares

$ 1,500,000

$ 1,500,000

Notional amount

$ 223,600

$ 407,000

Standby equity purchase agreement [member]

IfrsStatementLineItems [Line Items]

Ordinary shares

$ 1,979,000

$ 1,979,000

$ 25,000,000

Description of share-based payment arrangement

(i) equal to 96% of the weighted average price (“VWAP”) of the common stock during the applicable pricing period or (ii) equal to 97% of the lowest VWAP of the common stock during a pricing period of 3 consecutive trading days commencing on the relevant period.

Notional amount

$ 3,500,000

Ordinary shares | $ / shares

$ 3.65

Purchase price of per share | $ / shares

$ 1.10

Repayments of borrowings

$ 1,300,000

$ 500,000

$ 1,500,000

Standby equity purchase agreement [member] | Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Repayments of borrowings

$ 377,000

Standby equity purchase agreement [member] | First installment [member]

IfrsStatementLineItems [Line Items]

Notional amount

$ 1,500,000

Standby equity purchase agreement [member] | Second installment [member]

IfrsStatementLineItems [Line Items]

Notional amount

$ 2,000,000

Prepaid advance percentage

92%

Equity Purchase Agreement [Member] | Entering into significant commitments or contingent liabilities [member]

IfrsStatementLineItems [Line Items]

Notional amount

$ 30,000,000

$ 30,000,000

SCHEDULE OF RIGHT OF USE ASSETS

SCHEDULE OF RIGHT OF USE ASSETS (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Right-of-use assets, beginning balance	$ 414	$ 466
Additions	26	49
Foreign currency translation	(6)	(41)
Deductions		(21)
Depreciation expense	(45)	(39)
Right-of-use assets, ending balance	389	414
Office equipment [member]
IfrsStatementLineItems [Line Items]
Right-of-use assets, beginning balance	414	446
Additions		49
Foreign currency translation	(6)	(35)
Deductions		(7)
Depreciation expense	(42)	(39)
Right-of-use assets, ending balance	366	414
Motor vehicles [member]
IfrsStatementLineItems [Line Items]
Right-of-use assets, beginning balance		20
Additions	26
Foreign currency translation		(6)
Deductions		(14)
Depreciation expense	(3)
Right-of-use assets, ending balance	$ 23

SCHEDULE OF INFORMATION ON LEAS

SCHEDULE OF INFORMATION ON LEASE (Details) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022
Notes and other explanatory information [abstract]
Interest expense on lease liabilities	$ 32	$ 51
Total cash outflow for leases	$ 45	$ 39

SCHEDULE OF OTHER PAYABLES (Det

SCHEDULE OF OTHER PAYABLES (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Notes and other explanatory information [abstract]
Employees, salaries and related liabilities		$ 726	$ 392
Related party		4	56
Liabilities for grants received (see also note 20)		153	50
Excise Tax		1,569
Other		31	152
Total	$ 3,440	$ 2,483	$ 650

LEASES (Details Narrative)

LEASES (Details Narrative)	12 Months Ended
	Dec. 31, 2023
Office equipment [member]
IfrsStatementLineItems [Line Items]
Lease expiration	12 years
Motor vehicles [member]
IfrsStatementLineItems [Line Items]
Lease expiration	3 years

SCHEDULE OF BORROWINGS FROM REL

SCHEDULE OF BORROWINGS FROM RELATED PARTIES (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Notes and other explanatory information [abstract]
Borrowings from related parties, beginning balance		$ 710	$ 710	$ 270
Payment of borrowings			(657)	(172)
Provision for bonus (include interest)		$ 14		621	$ 89
Exchange rate differences			(53)	(9)
Borrowings from related parties, ending balance				$ 710	$ 270

BORROWINGS FROM RELATED PARTI_3

BORROWINGS FROM RELATED PARTIES (Details Narrative) $ in Thousands, ₪ in Millions	1 Months Ended		12 Months Ended
	Aug. 31, 2022 USD ($)	Aug. 31, 2022 ILS (₪)	Dec. 31, 2023 USD ($) shares	Dec. 31, 2023 ILS (₪) shares	Dec. 31, 2021 USD ($)	Dec. 31, 2015 USD ($)	Dec. 31, 2015 ILS (₪)	Jun. 30, 2024 shares	Sep. 19, 2023 USD ($) shares	Mar. 07, 2023 shares	Jan. 31, 2023 shares
IfrsStatementLineItems [Line Items]
Cash advances and loans from related parties						$ 513	₪ 2
Borrowings, interest rate			4%	4%
Bonus payments	$ 710	₪ 2.5
Carrying amount of liability | $					$ 87
Number of shares issued | shares			1,237,751	1,237,751				36,341		1,000,000	864,000
Loan agreement [member]
IfrsStatementLineItems [Line Items]
Debt conversion amount | $									$ 657
Loan agreements [member]
IfrsStatementLineItems [Line Items]
Number of shares issued | shares									487,281
Lender two [member]
IfrsStatementLineItems [Line Items]
Bonus payments			$ 965	₪ 3

SCHEDULE OF SHARE CAPITAL (Deta

SCHEDULE OF SHARE CAPITAL (Details) (Parenthetical)	Jun. 30, 2024 $ / shares	Jun. 30, 2024 € / shares	Feb. 20, 2024 $ / shares	Dec. 31, 2023 $ / shares	Dec. 31, 2023 € / shares
IfrsStatementLineItems [Line Items]
Ordinary shares | € / shares		€ 1			€ 1
Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Ordinary shares	$ 0.165		$ 18	$ 0.0022
Preference shares [member]
IfrsStatementLineItems [Line Items]
Ordinary shares	$ 0.0001			$ 0.0001

SCHEDULE OF SHARE CAPITAL (De_2

SCHEDULE OF SHARE CAPITAL (Details) - shares	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Number of shares authorized		36,363,636,364	22,727,272
Number of shares issued and outstanding		10,185,909
Number of shares authorized	484,848,485	484,848,485
Number of shares issued and outstanding	610,496	135,812
Preference shares [member]
IfrsStatementLineItems [Line Items]
Number of shares authorized	200,000,000,000	200,000,000,000
Number of shares issued and outstanding
Deferred Shares [Member]
IfrsStatementLineItems [Line Items]
Number of shares authorized	25,000	25,000	25,000
Number of shares issued and outstanding	25,000	25,000	25,000

SCHEDULE OF RESTRICTED STOCK UN

SCHEDULE OF RESTRICTED STOCK UNIT (Details) - Restricted share units [member] - Employees directors and service [member] - shares	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Number of outstanding, Beginning	136,000
Number of outstanding, Beginning	2,000
Number of outstanding, Granted	20,000	3,000	197,000
Number of outstanding, Vested	(13,000)	(1,000)	(57,000)
Number of outstanding, Forfeited			(4,000)
Number of outstanding, Ending			136,000
Number of outstanding, Beginning	9,000	2,000	2,000

SCHEDULE OF SHARE OPTION GRANTE

SCHEDULE OF SHARE OPTION GRANTED (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2023 shares $ / shares	Dec. 31, 2023 shares $ / shares	Dec. 31, 2022 shares $ / shares	Dec. 31, 2022 shares $ / shares
Disclosure of classes of share capital [abstract]
Number of options outstanding Beginning balance	57	57	73	73
Weighted average exercise price, outstanding beginning balance | (per share)	$ 44.22	$ 54.25		$ 41.85
Number of issue of options	38	38	17	17
Weighted average exercise price, issued of options | (per share)	$ 82.04			$ 41.85
Number of options, Expired	(30)	(30)	(33)	(33)
Weighted average exercise price, Expired | (per share)	$ 31.02			$ 34.10
Number of options outstanding Ending balance	65	65	57	57
Weighted average exercise price, outstanding beginning balance | (per share)	$ 69.92		$ 44.22	$ 54.25
Number of options, Exercisable	58	58	38	38
Weighted average exercise price, Exercisable | (per share)	$ 68.67			$ 43.40

SCHEDULE OF OPTIONS TO EMPLOYEE

SCHEDULE OF OPTIONS TO EMPLOYEES OUTSTANDING (Details) shares in Thousands	12 Months Ended
	Dec. 31, 2023 shares $ / shares	Dec. 31, 2022 shares	Dec. 31, 2021 shares
IfrsStatementLineItems [Line Items]
Number of outstanding shares	65	57	73
Weighted average remaining contractual life of outstanding share options	5 years
Number of exercisable shares	58	38
Exercise price two [member]
IfrsStatementLineItems [Line Items]
Number of outstanding shares	5
Weighted average remaining contractual life of outstanding share options	2 years 5 months 15 days
Number of exercisable shares	5
Weighted average remaining contractual life of exercisable share options	2 years 5 months 15 days
Exercise price two [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Exercise price of outstanding share options | $ / shares	$ 18.70
Exercise price two [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Exercise price of outstanding share options | $ / shares	$ 23.32
Exercise price three [member]
IfrsStatementLineItems [Line Items]
Number of outstanding shares	3
Weighted average remaining contractual life of outstanding share options	3 years 2 months 15 days
Number of exercisable shares	3
Weighted average remaining contractual life of exercisable share options	3 years 2 months 15 days
Exercise price three [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Exercise price of outstanding share options | $ / shares	$ 29.48
Exercise price three [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Exercise price of outstanding share options | $ / shares	$ 31.02
Exercise price four [member]
IfrsStatementLineItems [Line Items]
Number of outstanding shares	6
Weighted average remaining contractual life of outstanding share options	1 year 4 months 28 days
Number of exercisable shares	6
Weighted average remaining contractual life of exercisable share options	1 year 4 months 28 days
Exercise price four [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Exercise price of outstanding share options | $ / shares	$ 40.48
Exercise price four [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Exercise price of outstanding share options | $ / shares	$ 48.18
Exercise price five [member]
IfrsStatementLineItems [Line Items]
Number of outstanding shares	9
Weighted average remaining contractual life of outstanding share options	2 years 3 months 3 days
Number of exercisable shares	9
Weighted average remaining contractual life of exercisable share options	2 years 3 months 3 days
Exercise price five [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Exercise price of outstanding share options | $ / shares	$ 52.80
Exercise price five [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Exercise price of outstanding share options | $ / shares	$ 56.10
Options Outstanding Six [Member]
IfrsStatementLineItems [Line Items]
Number of outstanding shares	35
Weighted average remaining contractual life of outstanding share options	4 years 4 months 24 days
Number of exercisable shares	28
Weighted average remaining contractual life of exercisable share options	4 years 4 months 17 days
Options Outstanding Six [Member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Exercise price of outstanding share options | $ / shares	$ 78.54
Options Outstanding Six [Member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Exercise price of outstanding share options | $ / shares	$ 88
Options Outstanding Seven [Member]
IfrsStatementLineItems [Line Items]
Number of outstanding shares	7
Weighted average remaining contractual life of outstanding share options	3 years 10 days
Number of exercisable shares	7
Weighted average remaining contractual life of exercisable share options	3 years 10 days
Options Outstanding Seven [Member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Exercise price of outstanding share options | $ / shares	$ 93.28
Options Outstanding Seven [Member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Exercise price of outstanding share options | $ / shares	$ 108.90

SHAREHOLDERS_ EQUITY (Details N

SHAREHOLDERS’ EQUITY (Details Narrative) $ / shares in Units, $ in Thousands

1 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

Sep. 11, 2024 USD ($) $ / shares

Aug. 30, 2024 USD ($)

Aug. 29, 2024 shares

Jul. 19, 2024

Jul. 15, 2024 $ / shares shares

Jun. 27, 2024 USD ($) $ / shares shares

Jun. 21, 2024 $ / shares shares

Apr. 11, 2024 $ / shares shares

Feb. 29, 2024 shares

Feb. 28, 2024 $ / shares shares

Feb. 24, 2024 USD ($)

Feb. 20, 2024 USD ($) $ / shares shares

Dec. 08, 2023 USD ($) $ / shares shares

Sep. 06, 2023 USD ($) $ / shares shares

Jun. 22, 2023 $ / shares shares

Mar. 07, 2023 USD ($) shares $ / shares

Jan. 31, 2023 shares

Jan. 25, 2023

Apr. 30, 2024 shares

Feb. 29, 2024 USD ($) $ / shares

Jan. 31, 2024 $ / shares shares

Sep. 30, 2024 $ / shares shares

Mar. 31, 2024 USD ($) shares

Jun. 30, 2024 USD ($) shares $ / shares

Jun. 30, 2023 USD ($) shares

Dec. 31, 2023 USD ($) shares $ / shares

Dec. 31, 2022 USD ($) shares

Dec. 31, 2021 USD ($)

Sep. 16, 2024 shares

Aug. 28, 2024 shares

Jul. 10, 2024 USD ($) shares

Jun. 30, 2024 € / shares

May 31, 2024 shares

Apr. 24, 2024 shares

Apr. 19, 2024 $ / shares shares

Mar. 04, 2024 shares

Feb. 01, 2024 shares

Jan. 12, 2024 shares

Jan. 04, 2024 shares

Jan. 01, 2024 shares

Dec. 31, 2023 € / shares

Dec. 21, 2023 shares

Sep. 19, 2023 USD ($) shares

Apr. 25, 2023 shares

Mar. 07, 2023 AUD ($) shares

Jun. 27, 2022 $ / shares

IfrsStatementLineItems [Line Items]

Par value per share, post reserve split | $ / shares

$ 0.165

$ 0.0022

Convertible notes | $

$ 828,240

Number of shares issued

1,000,000

864,000

36,341

1,237,751

1,000,000

Stock expense | $

$ 186,000

$ 11,460,000

$ 11,460,000

Number of shares issued

848,784

Number of shares cancelled

193,500,379

Conversion of stock, description

shareholders received as consideration 1 ordinary share of the Company per 10.3624 Security Matters PTY Ltd.’s ordinary shares

Proceeds from ordinary shares | $

$ 1,979,000

Commitment fees

4,196

Ordinary shares | € / shares

€ 1

€ 1

Warrant term description

(i) $0.0022 per share in an amount not to exceed 75% of the New Warrant Shares, or (ii) $1.15 per share, in the discretion of the warrant holders. The Company received aggregate gross proceeds, before payment of transaction fees and expenses, of $697 from the exercise of the Warrant Bs by the holders, and the carrying amount of those warrants, was classified to ordinary shares and premium together with the proceeds the Company received from the exercise price

Gross proceeds of warrants | $

$ 182,000

$ 5,892,000

Incremental fair value | $

$ 209

Warrant exercise description

Warrant A was valued at $0.067 which is half of the share market price at the end of the period, assuming cashless exercise. Warrants A were considered to be a derivative financial liability. The terms of the warrant Bs specify that each warrant has a cash exercise price of $0.24. The warrant Bs were valued at $0.0602 by using the Black-Scholes option-pricing

Expected volatility

81.92%

Risk-free interest rate

3.42%

Net proceeds from offering | $

$ 2,580,000

Capital raise fee | $

$ 660,000

Share based expenses | $

$ 1,056,000

$ 1,805,000

Exercise price

5 years

Expected dividend as percentage, share options granted

0%

Stockholders equity, post reserve split

75:1 reverse stock split

Number of warrants

6,061

Exercise price of share | $ / shares

$ 0.165

$ 0.165

Aggregate ordinary shares

6,061,000

Number of warrants

900

Restricted stock unit shares

20,000

Restricted stock unit vested shares

12,148

Convertible promissory note [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

19,102

Number of value converted | $

$ 2,300,000

Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

75

22,611

51,810

Conversion of stock, description

In the event of an Event of Default, (i) the Note shall become immediately due and payable, (ii) the principal and interest balance of the Note shall be increased by 150% and (ii) the Note may be converted into ordinary shares of the Company (“Ordinary Shares”) at the sole discretion of the Investor. The conversion price shall equal the lowest closing bid price of the Ordinary Shares during the prior ten trading day period multiplied by 75% (representing a 25% discount). Any such conversion is subject to customary conversion limitations set forth in the note so the Investor beneficially owns less than 4.99% of the Company’s Ordinary Shares.

Warrants exercise price per share | $ / shares

$ 1

Proceeds from ordinary shares | $

$ 1,072,000

Gross proceeds of warrants | $

$ 194,500

$ 350,000

Stockholders equity, post reserve split

post-reverse stock split of 75:1

Number of warrants

909,090,000

Exercise price of share | $ / shares

$ 0.5

Aggregate ordinary shares

454,544,000

Exercise price of share | $ / shares

$ 0.2378

Restricted stock unit shares

1,500,000

Restricted stock unit vested shares

166,667

Debt | $

$ 1,300,000

Black scholes pricing model [member]

IfrsStatementLineItems [Line Items]

Risk-free interest rate

0%

Description of expected term warrants

5 years

5 years

Expected dividend as percentage, share options granted

0%

Bottom of range [member] | Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Ordinary shares | $ / shares

$ 0.0022

Bottom of range [member] | Black scholes pricing model [member]

IfrsStatementLineItems [Line Items]

Expected volatility

73.01%

62.06%

Risk-free interest rate

3.42%

4.68%

Top of range [member] | Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Ordinary shares | $ / shares

$ 0.165

Top of range [member] | Black scholes pricing model [member]

IfrsStatementLineItems [Line Items]

Expected volatility

78.35%

85.03%

Risk-free interest rate

3.58%

3.09%

Employees [member]

IfrsStatementLineItems [Line Items]

Share based expenses | $

$ 184,000

Option life, share options granted

38,656

Stock option vesting period

4 years

Weighted average fair value at measurement date, share options granted | $

$ 219,000

Employees [member] | Bottom of range [member]

IfrsStatementLineItems [Line Items]

Exercise price | $ / shares

$ 22.71

Employees [member] | Top of range [member]

IfrsStatementLineItems [Line Items]

Exercise price | $ / shares

$ 88

Investors [Member]

IfrsStatementLineItems [Line Items]

Number of shares issued

36,341

Exercise price of share | $ / shares

$ 3.75

Number of warrants

1,333,000

Commitment fee percentage

1.50%

Former Debt Holders [Member]

IfrsStatementLineItems [Line Items]

Number of shares issued

9,200

Employees Directors And Service Providers [Member]

IfrsStatementLineItems [Line Items]

Share based expenses | $

$ 1,000

Bridge loans [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

872,418

872,418

Debt principal amount | $

$ 1,350,000

Underwriting agreement [member]

IfrsStatementLineItems [Line Items]

Warrant term description

(i) the thirty day anniversary of the date of the Underwriting Agreement and (ii) the date on which the aggregate composite trading volume of the Company’s ordinary shares as reported by Bloomberg LP beginning on the date of the Underwriting Agreement exceeds 681,818 ordinary shares, a holder of Warrant A warrants may also provide notice and elect a “cashless exercise” pursuant to which the holder would receive an aggregate number of ordinary shares equal to the product of (x) the aggregate number of ordinary shares that would be issuable upon a cash exercise and (y) $0.50. As of the date of the authorization of these financial statements, an aggregate of 690,096 Warrant A warrants were cashless exercised into an aggregate of 345,349 ordinary shares.

Loan agreement [member]

IfrsStatementLineItems [Line Items]

Debt conversion amount | $

$ 657,000

Loan agreements [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

487,281

Service Provider Agreements [Member]

IfrsStatementLineItems [Line Items]

Number of shares issued

457,682

1,333

Payment for service | $

$ 260

Letter Agreement [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

3,333

35,659

Proceeds from ordinary shares | $

$ 527,000

Exercise price of share | $ / shares

$ 0.165

Aggregate ordinary shares

35,659

Number of warrants

3,333

Letter Agreement [member] | Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Exercise price of share | $ / shares

$ 0.0022

Underwriter Agreement [Member]

IfrsStatementLineItems [Line Items]

Number of shares issued

6,667

Securities purchase agreement [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

2,619,377

Conversion of stock, description

Any such conversion is subject to customary conversion limitations set forth in the Purchase Agreement so the investor beneficially owns less than 4.99% of the Company’s ordinary shares. Additionally, the Company has the right to convert in whole or in part the note into ordinary shares; provided that in no case shall the Company so convert the note if the result of the issuance of Ordinary Shares thereby would result in the beneficial ownership of the investor of ordinary shares in excess of 4.99%

Gross proceeds of warrants | $

$ 350,000

$ 2,358,000

Exercise price of share | $ / shares

$ 11.775

$ 122.835

Number of warrants

157,673

Warrant | $

$ 6,000

Debt | $

$ 4,290,000

Securities purchase agreement [member] | Convertible promissory note [member]

IfrsStatementLineItems [Line Items]

Conversion of stock, description

Any such conversion is subject to customary conversion limitations set forth in the Purchase Agreement, so the investor beneficially owns less than 4.99% of the Company’s ordinary shares. Additionally, the Company has the right to convert in whole or in part the note into ordinary shares; provided that in no case shall the Company so convert the note if the result of the issuance of Ordinary Shares thereby would result in the beneficial ownership of the investor of ordinary shares in excess of 4.99%

Debt | $

$ 4,290,000

Securities purchase agreement [member] | Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Conversion of stock, description

The Investor may convert the Note into the Company’s Ordinary Shares at a conversion price based on the lower of $6.10 or 80% of the 20-day volume-weighted average price, subject to a 4.99% beneficial ownership limitation. In case of default, the outstanding principal plus accrued interest increases to 120%, and a 24.5% per annum default interest rate applies. The accompanying Warrant, exercisable for 208,524 shares at $6.23 per share, is valid for five and a half years and includes anti-dilution protections and a 4.99% ownership cap. The Company used the net proceeds for working capital and general corporate purposes and is subject to certain restrictions and covenants under the Purchase Agreement. The Company also agreed to register the resale of shares underlying the Note and Warrant under a Registration Rights Agreement.

Securities purchase agreement [member] | Bottom of range [member]

IfrsStatementLineItems [Line Items]

Exercise price of share | $ / shares

$ 0.165

Securities purchase agreement [member] | Investors [Member]

IfrsStatementLineItems [Line Items]

Number of warrants

25,383

Exercise price of share | $ / shares

$ 11.775

Private warrants [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

2,200,000

2,200,000

Public warrants [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

6,250,000

6,250,000

Warrants [member]

IfrsStatementLineItems [Line Items]

Warrants exercise price per share | $ / shares

$ 0.0204

Expected volatility

70.39%

Risk-free interest rate

4.13%

Restricted share units [member] | Employees directors and service [member]

IfrsStatementLineItems [Line Items]

Warrants exercised

13,000

1,000

57,000

Number of shares granted

20,000

3,000

197,000

Share based expenses | $

$ 2,820,000

Restricted share units [member] | Employees directors and service [member] | Bottom of range [member]

IfrsStatementLineItems [Line Items]

Fair value grant | $ / shares

$ 1

Restricted share units [member] | Employees directors and service [member] | Top of range [member]

IfrsStatementLineItems [Line Items]

Fair value grant | $ / shares

1.09

Restricted share units [member] | Employees Directors And Service Providers [Member]

IfrsStatementLineItems [Line Items]

Number of shares granted

20,000

Fair value grant | $ / shares

$ 0.4

Share based expenses | $

$ 1,088,000

Ordinary shares [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

11,699

161,662

160,227

42,573

160,227

Ordinary shares | $ / shares

$ 18

$ 0.165

$ 0.0022

Gross proceeds of warrants | $

$ 2,910,000

Number of shares authorized

484,848,485

484,848,485

Debt | $

$ 119,000

$ 569,000

Ordinary shares [member] | Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Convertible notes convered into ordinary shares

3,789,264

Ordinary shares [member] | Board of director [member]

IfrsStatementLineItems [Line Items]

Convertible notes convered into ordinary shares

1,333

Ordinary shares [member] | Board of director [member] | Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Convertible notes convered into ordinary shares

100,000

Ordinary shares [member] | Underwriting agreement [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

345,349

Ordinary shares [member] | Underwriting agreement [member] | Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

12,124,666

46,169

Ordinary shares | $ / shares

$ 0.24

$ 18

Ordinary shares [member] | Underwriting agreement [member] | EF hutton llc [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

606,061

Ordinary shares | $ / shares

$ 0.24

Ordinary shares [member] | Letter Agreement [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

3,333

Warrants exercise price per share | $ / shares

$ 0.165

Ordinary shares [member] | Securities purchase agreement [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

3,929,051

Ordinary shares [member] | Securities purchase agreement [member] | Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Exercise price | $ / shares

$ 0.157

Convertible notes convered into ordinary shares

11,825,508

Ordinary Shares Two [Member]

IfrsStatementLineItems [Line Items]

Number of shares issued

303,053

303,053

Proceeds from ordinary shares | $

$ 3,110,000

Warrant A [member]

IfrsStatementLineItems [Line Items]

Convertible notes convered into ordinary shares

3,789,264

Warrant A [member] | Underwriting agreement [member]

IfrsStatementLineItems [Line Items]

Warrant cashless exercised

690,096

Warrant B [member]

IfrsStatementLineItems [Line Items]

Warrant cash exercise price | $ / shares

$ 0.24

Warrant exercise price | $ / shares

$ 0.0602

Convertible notes convered into ordinary shares

2,619,367

Warrant B [member] | Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Convertible notes convered into ordinary shares

2,619,367

Underwriter warrant [member]

IfrsStatementLineItems [Line Items]

Warrants price per share | $ / shares

$ 0.0575

Warrant exercise price | $ / shares

$ 0.264

Expected volatility

70.39%

Risk-free interest rate

4.13%

Warrants issued

666,667

Warrants [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

24,568,773

24,568,773

Warrants exercised

32,211,716

Warrants exercise price | $ / shares

$ 11.5

Warrants [member] | Letter Agreement [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

3,333

Warrants exercise price per share | $ / shares

$ 0.165

Warrants [member] | Securities purchase agreement [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

157,673

Ordinary shares | $ / shares

$ 11.775

Gross proceeds of warrants | $

$ 2,574,000

Expected volatility

73.43%

72.76%

Risk-free interest rate

4.61%

4.33%

Redeemable warrants [member]

IfrsStatementLineItems [Line Items]

Warrants exercised

200,000

Warrants exercise price | $ / shares

$ 11.5

Warrants price per share | $ / shares

$ 5

Warrants term

5 years

Expected volatility

63.16%

73.74%

Risk-free interest rate

4.46%

3.91%

Warrant A [member] | Investors [Member]

IfrsStatementLineItems [Line Items]

Number of warrants

52,387,000

Warrant A [member] | Underwriting agreement [member] | EF hutton llc [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

606,061

Warrants exercise price per share | $ / shares

$ 0.24

Warrant A [member] | Securities purchase agreement [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

3,929,051

Warrants exercise price per share | $ / shares

$ 0.0022

Exercise price of share | $ / shares

$ 0.165

Warrant A [member] | Ordinary shares [member] | Underwriting agreement [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

606,061

Warrant A [member] | Ordinary shares [member] | Securities purchase agreement [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

2,619,367

Warrant B [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

606,060

Warrants exercise price per share | $ / shares

$ 1.15

$ 5.28

Warrants to purchase ordinary shares

909,090

Gross proceeds of warrants | $

$ 697

Purchase ordinary amount | $

$ 865

Warrant B [member] | Underwriting agreement [member] | EF hutton llc [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

606,061

Warrants exercise price per share | $ / shares

$ 0.24

Warrant B [member] | Securities purchase agreement [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

2,619,367

Warrants exercise price per share | $ / shares

$ 1.6378

Exercise price of share | $ / shares

$ 122.835

Public offering [member] | Underwriting agreement [member]

IfrsStatementLineItems [Line Items]

Description of share-based payment arrangement

(a) up to 90,909 additional ordinary shares (15% of the Firm Shares) at a subscription price per share of $0.24 (100% of the public offering price allocated to each Firm Share) (the “Option Shares” and together with the Firm Shares, the “Shares”) or Pre-Funded Warrants to subscribe for up to 90,909 ordinary shares at a price per share of $0.2399 (100% of the public offering price allocated to each Firm Share less $0.0001) and the remaining non pre-funded exercise price of each pre-funded warrant will be $0.0 001 per share, and/or (b) 90,909 warrants in the form of Warrant A to subscribe for an aggregate of 90,909 ordinary shares (15% of the Firm Warrants) at an exercise price of $0.24 per warrant (100% of the public offering price allocated to each set of warrants in the form of Warrant A), and/or (c) 90,909 warrants in the form of Warrant B to purchase an aggregate of 90,909 ordinary shares (15% of the Firm Warrants) at a purchase price of $0.24 per warrant (100% of the public offering price allocated to each set of warrants in the form of Warrant B) (the “Option Warrants” and together with the Firm Warrants and Pre-Funded Warrants, if any, the “Warrants”), which may be subscribed for in any combination of Option Shares and/or the Option Warrants

Public offering [member] | Ordinary shares [member] | Underwriting agreement [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

90,909

Ordinary shares | $ / shares

$ 0.24

Public offering [member] | Prefunded warrant [member] | Underwriting agreement [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

90,909

Warrants exercise price per share | $ / shares

$ 0

Warrants price per share | $ / shares

$ 0.2399

Public offering [member] | Warrant A [member] | Underwriting agreement [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

90,909

Warrants exercise price per share | $ / shares

$ 0.24

Public offering [member] | Warrant B [member] | Underwriting agreement [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

90,909

Warrants price per share | $ / shares

$ 0.24

Incentive equity plan [member]

IfrsStatementLineItems [Line Items]

Shares issued percent

15%

Number of shares authorized

5,082,417

Incentive equity plan [member] | Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Number of shares authorized

29,871

1,524,752

Incentive equity plan [member] | Restricted share units [member] | Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Warrants exercised

411,263

Prefunded warrant [member] | Underwriting agreement [member] | Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

115,493

Exercise price of share | $ / shares

$ 17.835

Ordinary shares [member] | Securities purchase agreement [member]

IfrsStatementLineItems [Line Items]

Number of warrants

34,925

Warrant reserve [member] | Ordinary shares [member] | Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Convertible notes convered into ordinary shares

2,619,377

Warrant reserve [member] | Ordinary shares [member] | Former Debt Holders [Member]

IfrsStatementLineItems [Line Items]

Number of shares issued

11,881

3,086

Number of warrants

84,032

2022 Incentive equity plan [Member]

IfrsStatementLineItems [Line Items]

Shares issued percent

5%

15%

Number of shares authorized

9,871

3,080

2022 Incentive equity plan [Member] | Bottom of range [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

20,000

2022 Incentive equity plan [Member] | Top of range [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

29,871

SCHEDULE OF RESEARCH AND DEVELO

SCHEDULE OF RESEARCH AND DEVELOPMENT EXPENSE (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Depreciation and amortization	$ 15	$ 15
Share based compensation	1,623	2,092	$ 3,269	$ 306	$ 484
Travel expenses	126	379
Other	10	18
Total	$ 1,689	$ 1,172	2,711	1,898	2,039
Research and development expenses [member]
IfrsStatementLineItems [Line Items]
Salaries and related expenses			2,228	2,166	1,795
Subcontractors and consultants			344	374	631
Materials and laboratory expenses			223	316	252
Depreciation and amortization			197	255	287
Share based compensation			447	127	100
Travel expenses			87	50	42
Freight			33	30	23
Other			10	6
Reimbursement from paid pilots and proof of concept projects			(858)	(1,426)	(1,091)
Total			$ 2,711	$ 1,898	$ 2,039

SCHEDULE OF GENERAL AND ADMINIS

SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
IfrsStatementLineItems [Line Items]
Transaction cost	$ 460	$ 7,792
Professional services	1,699	869
Wages and salaries related	789	664
Travel expenses	126	379
Office and maintenance	68	37
Share based compensation	1,056	1,805
Insurance	457	329
Depreciation and amortization	15	15
Others	10	18
Total	4,848	13,350	$ 16,567	$ 2,723	$ 2,482
Nasdaq expenses	$ 168	$ 1,442
General and administrative expenses [member]
IfrsStatementLineItems [Line Items]
Transaction cost			7,278
Professional services			667	1,105	1,089
Public company expenses			5,128
Wages and salaries related			1,348	935	752
Travel expenses			611	223
Office and maintenance			170	145	116
Share based compensation			1,222	137	331
Insurance			50	60	102
Depreciation and amortization			30	35	28
Others			63	83	64
Total			$ 16,567	$ 2,723	$ 2,482

SCHEDULE OF COMPONENTS OF INCOM

SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE (Details) - USD ($) $ in Thousands	6 Months Ended		12 Months Ended
	Jun. 30, 2024	Jun. 30, 2023	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Notes and other explanatory information [abstract]
Loss before income tax	$ (10,886)	$ (33,009)	$ (20,989)	$ (6,184)	$ (4,939)
Theoretical tax rate of 12.5%			(2,624)	(1,701)	(1,358)
Tax effect amounts which are not deductible/(taxable) in calculating taxable income:
Non-deductible expenditure and others			3,254	335	118
Unrecognized temporary differences and tax losses for which deferred tax weren’t recognized			(630)	1,366	1,240
Income tax / (benefit)

SCHEDULE OF COMPONENTS OF INC_2

SCHEDULE OF COMPONENTS OF INCOME TAX EXPENSE (Details) (Parenthetical)	12 Months Ended
	Dec. 31, 2023
Notes and other explanatory information [abstract]
Applicable tax rate	12.50%

TAXES ON INCOME (Details Narrat

TAXES ON INCOME (Details Narrative) - USD ($) $ in Thousands	12 Months Ended
	Dec. 31, 2023	Dec. 31, 2022	Dec. 31, 2021
Notes and other explanatory information [abstract]
Applicable tax rate percentage	12.50%
Tax effect of tax losses	$ 45,095	$ 24,106	$ 17,659

SCHEDULE OF LOSS PER SHARE (Det

SCHEDULE OF LOSS PER SHARE (Details) - USD ($) $ / shares in Units, $ in Thousands	6 Months Ended				12 Months Ended
	Jun. 30, 2024		Jun. 30, 2023		Dec. 31, 2023		Dec. 31, 2022		Dec. 31, 2021
Earnings per share [abstract]
Net loss attributable to the owners of the company	$ (10,693)		$ (33,009)		$ (20,914)		$ (6,184)		$ (4,939)
Basic loss per share	$ (0.005)	[1]	$ (0.001)	[1]	$ (586)	[2]	$ (635)	[2],[3]	$ (556)	[2],[3]
Diluted loss per share	$ (0.005)	[1]	$ (0.001)	[1]	$ (586)	[2]	$ (635)	[2],[3]	$ (556)	[2],[3]
Weighted average number of ordinary shares used in calculating basic loss per share	376		11		36		10		9
Weighted average number of ordinary shares used in calculating diluted loss per share	376		11		36		10		9
Net loss attributable to the owners of the Company	$ (10,886)		$ (33,009)		$ (20,989)		$ (6,184)		$ (4,939)
[1]After giving effect to the reverse stock split on July 11, 2024 (see also Note 1.E)[2]Restated as a result of the SPAC transaction and after giving effect to the reverse stock splits (see also Notes 14B4 and 24.12)[3]Restated as a result of the SPAC transaction and after giving effect to the reverse share splits described in Notes 14B(4) and 24.12, the calculation of the basic and diluted loss per share for all past periods presented have been adjusted retrospectively based on the new number of shares as derived from the conversion ratio.

SCHEDULE OF KEY MANAGEMENT PERS

SCHEDULE OF KEY MANAGEMENT PERSONNEL (Details) - USD ($) $ in Thousands	6 Months Ended	12 Months Ended
	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
Related Parties
Issuance of options to related party			$ 721
Short-term salary and fees	$ 379	803	508
Short-term salary until deletion		22
Loan repayment			172
Conversion of loan to ordinary shares		657
Share based payments	900	2,084	98
Post-employment retirement benefits	39	98	94
Payment for Administrative services		34	36
Non-monetary benefits	21	49	29
Payments for legal services	180	287
Revaluation of financial liabilities at fair value	344	1,204
Proof of Concept projects paid by affiliated companies			(1,064)
Key management personnel compensation	2,429	$ 5,238	$ 594
Payments for consultant services	$ 566

SCHEDULE OF BALANCE WITH RELATE

SCHEDULE OF BALANCE WITH RELATED PARTIES (Details) - USD ($)	Jun. 30, 2024	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Total	$ (111,000)	$ (623,000)
Other accounts payable		(31,000)	$ (152,000)
Trade payables		(10,127)
Trade payables		10,127
Key management personnel of entity or parent [member]
IfrsStatementLineItems [Line Items]
Total		(219,000)	(99,000)
Salary and related	(257,000)	(219,000)
Directors [member]
IfrsStatementLineItems [Line Items]
Total			(82,000)
Shareholders [member]
IfrsStatementLineItems [Line Items]
Borrowings from related parties			(710,000)
Other accounts payable		(3,000)	(56,000)
Trade payables		(58,000)
Trade payables		58,000
Derivatives		(476,000)
Trade payables	16,000	(58,000)
Total for all joint ventures [member]
IfrsStatementLineItems [Line Items]
Other receivables	15,000	15,000	59,000
Investment in subsidiary	$ 115,000	115,000	221,000
Total for all related parties [member]
IfrsStatementLineItems [Line Items]
Total		$ (626,000)	$ (667,000)

SCHEDULE OF GOVERNMENT GRANTS (

SCHEDULE OF GOVERNMENT GRANTS (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Notes and other explanatory information [abstract]
Short term liability at year end	$ 153	$ 50
Long term liability at year end		85
Total	$ 153	$ 135

GOVERNMENT GRANTS (Details Narr

GOVERNMENT GRANTS (Details Narrative) - USD ($) $ in Thousands		12 Months Ended
	Oct. 25, 2023	Dec. 31, 2023
Notes and other explanatory information [abstract]
Government grants received		$ 162
Percentage of revenue		3%
Government grants		$ 0
Interest rate, description	IIA grants approved by the IIA prior to January 1, 2024 but which are outstanding thereafter, as of January 1, 2024 the annual interest will be calculated at a rate based on 12-month Secured Overnight Financing Rate, the SOFR, or at an alternative rate published by the Bank of Israel plus 0.71513%; and, for grants approved on or following January 1, 2024 the annual interest will be the higher of (i) the 12 months SOFR interest rate, plus 1%, or (ii) a fixed annual interest rate of 4%

COMMITMENTS AND CONTINGENT LI_2

COMMITMENTS AND CONTINGENT LIABILITIES (Details Narrative) - USD ($) $ in Thousands		12 Months Ended
	Jan. 31, 2023	Dec. 31, 2023	Jun. 30, 2024	Mar. 07, 2023	Jan. 31, 2015
Notes and other explanatory information [abstract]
Percentage of royalty					2.20%
Consideration percentage					1%
Percentage of voting equity interests acquired					2%
Number of shares issued	864,000	1,237,751	36,341	1,000,000
Risk free interest rate, share options granted	3.42%
Expected volatility, share options granted	81.92%
Description of expected expected term options granted	3 years
Expected dividend as percentage, share options granted	0%
License intellectual property		$ 33
Addtional equity fund of convertible percent	1%
Consideration paid (received)	$ 27,000
Investment property		$ 123
Payment of cash percent	1.50%

SCHEDULE OF FINANCIAL ASSETS AN

SCHEDULE OF FINANCIAL ASSETS AND IMPACT OF CREDIT EXPOSURE (Details) - USD ($) $ in Thousands	Jun. 30, 2024	Dec. 31, 2023	Jun. 30, 2023	Dec. 31, 2022	Dec. 31, 2021	Dec. 31, 2020
Financial assets at amortized cost:
Cash and cash equivalents		$ 168	$ 3,020	$ 1,398	$ 4,171	$ 4,341
Other current receivables	373	634		3,673
Total current assets	$ 373	802		5,071
Credit risk [member]
Financial assets at amortized cost:
Cash and cash equivalents		168		1,398
Other current receivables		424		3,673
Total current assets		$ 592		$ 5,071

SCHEDULE OF FINANCIAL LIABILITI

SCHEDULE OF FINANCIAL LIABILITIES FAIR VALUE THROUGH PROFIT OR LOSS (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
Financial liabilities at fair value through profit or loss:
Total financial liabilities	$ 18,755	$ 7,867
Total financial liabilities at fair value through profit or loss	16,940	7,867
Financial liabilities at amortized cost:
Total financial liabilities at amortized cost	1,815
Convertible notes [member]
Financial liabilities at fair value through profit or loss:
Total financial liabilities	377	563
Trade and other payables [member]
Financial liabilities at fair value through profit or loss:
Total financial liabilities	12,487	3,622
Bridge loans [member]
Financial liabilities at fair value through profit or loss:
Total financial liabilities	2,233	3,682
Pre paid Advance [member]
Financial liabilities at fair value through profit or loss:
Total financial liabilities	700
Derivatives [member]
Financial liabilities at fair value through profit or loss:
Total financial liabilities	1,143
Convertible promissory note [member]
Financial liabilities at fair value through profit or loss:
Total financial liabilities	1,013
Lease liabilities [member]
Financial liabilities at fair value through profit or loss:
Total financial liabilities	649
Government grants [member]
Financial liabilities at fair value through profit or loss:
Total financial liabilities	153
Borrowing from related parties [member]
Financial liabilities at fair value through profit or loss:
Total financial liabilities

SCHEDULE OF FOREIGN CURRENCY SE

SCHEDULE OF FOREIGN CURRENCY SENSITIVITY ANALYSIS (Details) € in Thousands, ₪ in Thousands, $ in Thousands, $ in Thousands	12 Months Ended
	Dec. 31, 2023 AUD ($)	Dec. 31, 2023 ILS (₪)	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 SGD ($)	Dec. 31, 2022 AUD ($)	Dec. 31, 2022 ILS (₪)	Dec. 31, 2022 EUR (€)	Dec. 31, 2022 SGD ($)
IfrsStatementLineItems [Line Items]
Effect on net loss	$ 19	₪ 165	€ 10	$ 14	$ 127	₪ 73	€ 3
NIS [member]
IfrsStatementLineItems [Line Items]
Change in tax rate	10%	10%	10%	10%	10%	10%	10%	10%
AUD [member]
IfrsStatementLineItems [Line Items]
Change in tax rate	10%	10%	10%	10%	10%	10%	10%	10%
SGD [member]
IfrsStatementLineItems [Line Items]
Change in tax rate	10%	10%	10%	10%	10%	10%	10%	10%
EUR [member]
IfrsStatementLineItems [Line Items]
Change in tax rate	10%	10%	10%	10%	10%	10%	10%	10%

SCHEDULE OF UNDISCOUNTED FINANC

SCHEDULE OF UNDISCOUNTED FINANCIAL LIABILITIES (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	$ 18,755	$ 7,867
Trade and other payables [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	12,487	3,622
Bridge loans [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	2,233	3,682
Government grants [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	153
Lease liabilities [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	649
Convertible promissory note [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	1,013
Pre paid Advance [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	700
Not later than one year [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	17,704	4,479
Not later than one year [member] | Trade and other payables [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	12,487	3,622
Not later than one year [member] | Bridge loans [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	1,750
Not later than one year [member] | Government grants [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	153	75
Not later than one year [member] | Lease liabilities [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	81	72
Not later than one year [member] | Convertible promissory note [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	1,013
Not later than one year [member] | Pre paid Advance [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	700
Not later than one year [member] | Convertible Note [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	377
Not later than one year [member] | Financial Derivatives [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	1,143
Not later than one year [member] | Borrowings from related parties [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost		710
Not Later Than One To Two Year [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	534	1,187
Not Later Than One To Two Year [Member] | Trade and other payables [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than One To Two Year [Member] | Bridge loans [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	453	1,031
Not Later Than One To Two Year [Member] | Government grants [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost		84
Not Later Than One To Two Year [Member] | Lease liabilities [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	81	72
Not Later Than One To Two Year [Member] | Convertible promissory note [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than One To Two Year [Member] | Pre paid Advance [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than One To Two Year [Member] | Convertible Note [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than One To Two Year [Member] | Financial Derivatives [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than One To Two Year [Member] | Borrowings from related parties [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Two To Three Year [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	89	72
Not Later Than Two To Three Year [Member] | Trade and other payables [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Two To Three Year [Member] | Bridge loans [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	15
Not Later Than Two To Three Year [Member] | Government grants [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Two To Three Year [Member] | Lease liabilities [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	74	72
Not Later Than Two To Three Year [Member] | Convertible promissory note [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Two To Three Year [Member] | Pre paid Advance [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Two To Three Year [Member] | Convertible Note [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Two To Three Year [Member] | Financial Derivatives [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Two To Three Year [Member] | Borrowings from related parties [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Three To Four Year [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	89	72
Not Later Than Three To Four Year [Member] | Trade and other payables [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Three To Four Year [Member] | Bridge loans [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	15
Not Later Than Three To Four Year [Member] | Government grants [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Three To Four Year [Member] | Lease liabilities [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	74	72
Not Later Than Three To Four Year [Member] | Convertible promissory note [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Three To Four Year [Member] | Pre paid Advance [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Three To Four Year [Member] | Convertible Note [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Three To Four Year [Member] | Financial Derivatives [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Three To Four Year [Member] | Borrowings from related parties [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Four To Five Year [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	74	72
Not Later Than Four To Five Year [Member] | Trade and other payables [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Four To Five Year [Member] | Bridge loans [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Four To Five Year [Member] | Government grants [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Four To Five Year [Member] | Lease liabilities [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	74	72
Not Later Than Four To Five Year [Member] | Convertible promissory note [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Four To Five Year [Member] | Pre paid Advance [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Four To Five Year [Member] | Convertible Note [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Four To Five Year [Member] | Financial Derivatives [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Not Later Than Four To Five Year [Member] | Borrowings from related parties [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Later than five years [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	265	353
Later than five years [member] | Trade and other payables [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Later than five years [member] | Bridge loans [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Later than five years [member] | Government grants [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Later than five years [member] | Lease liabilities [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	265	353
Later than five years [member] | Convertible promissory note [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Later than five years [member] | Pre paid Advance [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Later than five years [member] | Convertible Note [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Later than five years [member] | Financial Derivatives [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Later than five years [member] | Borrowings from related parties [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost
Later than five years and not later than seven years [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	18,755	6,235
Later than five years and not later than seven years [member] | Trade And Other Payable [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	12,487	3,622
Later than five years and not later than seven years [member] | Bridge loans [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	2,233	1,031
Later than five years and not later than seven years [member] | Government grants [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	153	159
Later than five years and not later than seven years [member] | Lease liabilities [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	649	713
Later than five years and not later than seven years [member] | Convertible Promissory [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	1,013
Later than five years and not later than seven years [member] | Pre paid Advance [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	700
Later than five years and not later than seven years [member] | Convertible Note [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	377
Later than five years and not later than seven years [member] | Financial Derivatives [Member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost	$ 1,143
Later than five years and not later than seven years [member] | Borrowings from related parties [member]
IfrsStatementLineItems [Line Items]
Financial liabilities at amortized cost		$ 710

FINANCIAL INSTRUMENTS AND RIS_3

FINANCIAL INSTRUMENTS AND RISK MANAGEMENT (Details Narrative)	12 Months Ended
	Dec. 31, 2023 AUD ($)	Dec. 31, 2023 ILS (₪)	Dec. 31, 2023 EUR (€)	Dec. 31, 2023 SGD ($)	Dec. 31, 2022 AUD ($)	Dec. 31, 2022 ILS (₪)	Dec. 31, 2022 EUR (€)	Dec. 31, 2022 SGD ($)
Financial Instruments And Risk Management
Increase (decrease) in financial assets	$ 185	₪ 1,651	€ 101	$ 142	$ 1,265	₪ 729	€ 34	$ 0

SCHEDULE OF UNOBSERVABLE FOR AS

SCHEDULE OF UNOBSERVABLE FOR ASSETS OR LIABILITY (Details) - USD ($) $ in Thousands	Dec. 31, 2023	Dec. 31, 2022
IfrsStatementLineItems [Line Items]
Derivative financial liabilities	$ 1,709	$ 1,031
Convertible promissory note	1,013
Derivatives [member]
IfrsStatementLineItems [Line Items]
Derivative financial liabilities	1,707	1,031
Convertible promissory note	2
Level 1 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Derivative financial liabilities	2
Level 1 of fair value hierarchy [member] | Derivatives [member]
IfrsStatementLineItems [Line Items]
Derivative financial liabilities
Convertible promissory note	2
Level 2 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Derivative financial liabilities
Level 2 of fair value hierarchy [member] | Derivatives [member]
IfrsStatementLineItems [Line Items]
Derivative financial liabilities
Convertible promissory note
Level 3 of fair value hierarchy [member]
IfrsStatementLineItems [Line Items]
Derivative financial liabilities	1,707	1,031
Level 3 of fair value hierarchy [member] | Derivatives [member]
IfrsStatementLineItems [Line Items]
Derivative financial liabilities	1,707	$ 1,031
Convertible promissory note

SCHEDULE OF COMPANIES SUBSIDI_2

SCHEDULE OF COMPANIES SUBSIDIARIES (Details) (Parenthetical) - True gold consortium pty ltd [member]		1 Months Ended	6 Months Ended	12 Months Ended
		Jul. 31, 2024	Jun. 30, 2024	Dec. 31, 2023	[2]
IfrsStatementLineItems [Line Items]
Proportion of ownership interest in subsidiary	[1]		51.90%	51.90%
Bottom of range [member] | Nonadjusting event [member]
IfrsStatementLineItems [Line Items]
Proportion of ownership interest in subsidiary		51.90%
Top of range [member] | Nonadjusting event [member]
IfrsStatementLineItems [Line Items]
Proportion of ownership interest in subsidiary		52.90%
[1]Legally owned by Security Matters PTY Ltd. (formerly - Security Matters Limited). On July 2024 ownership in the subsidiary increased from 51.9 52.9

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) $ / shares in Units, $ in Thousands

1 Months Ended

3 Months Ended

6 Months Ended

12 Months Ended

Sep. 11, 2024 USD ($) $ / shares shares

Aug. 30, 2024 USD ($)

Aug. 29, 2024 shares

Aug. 24, 2024 USD ($)

Jul. 21, 2024 shares $ / shares

Jul. 19, 2024 USD ($)

Jul. 15, 2024 $ / shares shares

Jul. 11, 2024

Jul. 10, 2024 USD ($) shares

Jun. 27, 2024 USD ($) $ / shares shares

Jun. 21, 2024 $ / shares shares

Apr. 19, 2024 USD ($) $ / shares shares

Apr. 11, 2024 USD ($) $ / shares shares

Feb. 29, 2024 USD ($) shares

Feb. 24, 2024 USD ($)

Feb. 20, 2024 USD ($) $ / shares shares

Dec. 08, 2023 USD ($) $ / shares shares

Sep. 06, 2023 USD ($) $ / shares shares

Mar. 07, 2023 shares

Feb. 29, 2024 USD ($) $ / shares shares

Jan. 31, 2024 $ / shares shares

May 31, 2022 USD ($)

May 31, 2022 AUD ($)

Sep. 30, 2024 $ / shares shares

Mar. 31, 2024 USD ($) shares

Jun. 30, 2024 USD ($) $ / shares shares

Dec. 31, 2023 USD ($) $ / shares shares

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Feb. 26, 2025

Sep. 16, 2024 shares

Aug. 28, 2024 shares

Jun. 30, 2024 € / shares

Mar. 04, 2024 shares

Jan. 12, 2024 USD ($) shares

Dec. 31, 2023 € / shares shares

Jun. 22, 2023 shares

Apr. 25, 2023 shares

Jan. 31, 2023 shares

Jun. 27, 2022 $ / shares

IfrsStatementLineItems [Line Items]

Number of warrants

6,061

Aggregate ordinary shares

6,061,000

Exercise price of share | $ / shares

$ 0.165

$ 0.165

Number of shares issued

1,000,000

36,341

1,237,751

1,237,751

864,000

Ordinary shares | € / shares

€ 1

€ 1

Aggregate amount of convertible instruments issued

$ 569,000

$ 828

Gross proceeds | $

$ 182,000

$ 5,892,000

Restricted stock unit shares

20,000

Restricted stock unit vested shares

12,148

Post-reverse stock split

75:1 reverse stock split

Conversion of debt

shareholders received as consideration 1 ordinary share of the Company per 10.3624 Security Matters PTY Ltd.’s ordinary shares

Interest rate

4%

4%

Gross proceeds | $

$ 1,979,000

Bottom of range [member]

IfrsStatementLineItems [Line Items]

Aggregate amount of convertible instruments issued | $

500,000

Top of range [member]

IfrsStatementLineItems [Line Items]

Aggregate amount of convertible instruments issued | $

$ 1,000,000

Warrant B [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

606,060

Gross proceeds | $

$ 697

Warrants exercise price per share | $ / shares

$ 1.15

$ 5.28

Incentive equity plan [member]

IfrsStatementLineItems [Line Items]

Number of shares authorized

5,082,417

Ordinary shares [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

11,699

161,662

160,227

42,573

Ordinary shares | $ / shares

$ 18

$ 0.165

$ 0.0022

Gross proceeds | $

$ 2,910,000

Purchase price description

purchase up to $30 million of the Company’s ordinary shares, subject to the SPA’s terms. The Company may direct Alpha to purchase shares at its discretion after a three-month period, with a minimum purchase (“Put”) of $20 and a maximum of $833 in any 30-day period, subject to certain pricing conditions based on market price.

Net debt | $

$ 119,000

$ 569,000

Number of shares authorized

484,848,485

484,848,485

484,848,485

Ordinary shares [member] | Board of director [member]

IfrsStatementLineItems [Line Items]

Ordinary shares

1,333

Warrant B [member]

IfrsStatementLineItems [Line Items]

Ordinary shares

2,619,367

2,619,367

Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Number of warrants

909,090,000

Warrants exercised

454,544,000

Aggregate ordinary shares

454,544,000

Exercise price of share | $ / shares

$ 0.5

Number of shares issued

75

51,810

22,611

Exercise price of share | $ / shares

$ 0.2378

Fee and commission income | $

$ 2,900,000

Offering expenses payable | $

$ 2,660,000

Convertible security to investor, description

(i) a convertible security to an investor relating to a loan in the principal amount of $407 and (ii) 100,000 warrants to the investor.

Aggregate amount of convertible instruments issued | $

$ 800,000

$ 407,000

Gross proceeds | $

$ 194,500

350,000

Restricted stock unit shares

1,500,000

Restricted stock unit vested shares

166,667

Promissory note | $

$ 500,000

Warrants exercise price per share | $ / shares

$ 1

Face value | $

$ 223,600

$ 407,000

Ordinary shares

30,000

Reverse stock split

75 shares of par value US$0.0022 each will be consolidated into 1 share of par value US$0.165

Post-reverse stock split

post-reverse stock split of 75:1

Bid price, per share | $ / shares

$ 1,000

Maturity date

The maturity date of the Note is June 30, 2025.

maturity date to February 24, 2025.

December 31, 2024

Conversion of debt

In the event of an Event of Default, (i) the Note shall become immediately due and payable, (ii) the principal and interest balance of the Note shall be increased by 150% and (ii) the Note may be converted into ordinary shares of the Company (“Ordinary Shares”) at the sole discretion of the Investor. The conversion price shall equal the lowest closing bid price of the Ordinary Shares during the prior ten trading day period multiplied by 75% (representing a 25% discount). Any such conversion is subject to customary conversion limitations set forth in the note so the Investor beneficially owns less than 4.99% of the Company’s Ordinary Shares.

Net debt | $

$ 1,300,000

Convertible promissory note interest rate

15%

Borrowings default interest rate

20%

Issue of convertible shares

29,116

Principal amount | $

$ 29,000

Interest rate

10%

Discount percentage

2%

Issued capital ordinary shares | $

$ 1,500,000

$ 1,500,000

Cash | $

9,000

Proceeds from issuance of private placement | $

$ 5,350,000

Offering share

5,350,000

Public offering price | $ / shares

$ 1

Prefunded unit price per share | $ / shares

$ 0.9999

Gross proceeds on escrow and payable percentage

20%

Gross proceeds | $

$ 1,072,000

Gross proceeds on cash proceeds percentage

12%

Ordinary shares percentage

10%

Nonadjusting event [member] | Series A Common Warrant [Member]

IfrsStatementLineItems [Line Items]

Warrants exercise price per share | $ / shares

$ 1

Initial issuance expire date

expire 66 months after the initial issuance date

Nonadjusting event [member] | Series B Common Warrant [Member]

IfrsStatementLineItems [Line Items]

Public offering price | $ / shares

$ 0.00001

Nonadjusting event [member] | February Twenty Eight Two Thousand And Twenty Five [Member]

IfrsStatementLineItems [Line Items]

Unpaid interest and outstanding principle | $

123,000

Nonadjusting event [member] | March Twenty Thirty Two Thousand And Twenty Five [Member]

IfrsStatementLineItems [Line Items]

Unpaid interest and outstanding principle | $

30,000

Nonadjusting event [member] | April Twenty Thirty Two Thousand And Twenty Five [Member]

IfrsStatementLineItems [Line Items]

Unpaid interest and outstanding principle | $

30,000

Nonadjusting event [member] | May Twenty Thirty Two Thousand And Twenty Five [Member]

IfrsStatementLineItems [Line Items]

Unpaid interest and outstanding principle | $

30,000

Nonadjusting event [member] | June Twenty Thirty Two Thousand And Twenty Five [Member]

IfrsStatementLineItems [Line Items]

Unpaid interest and outstanding principle | $

$ 30,000

Nonadjusting event [member] | Bottom of range [member]

IfrsStatementLineItems [Line Items]

Ordinary shares | $ / shares

0.0022

Nonadjusting event [member] | Top of range [member]

IfrsStatementLineItems [Line Items]

Ordinary shares | $ / shares

$ 0.165

Nonadjusting event [member] | Incentive equity plan [member]

IfrsStatementLineItems [Line Items]

Number of shares authorized

29,871

1,524,752

Nonadjusting event [member] | Incentive equity plan [member] | Restricted share units [member]

IfrsStatementLineItems [Line Items]

Vested shares

411,263

Nonadjusting event [member] | Incentive equity plan [member] | Share options [member]

IfrsStatementLineItems [Line Items]

Vested shares

682,594

Nonadjusting event [member] | Prefunded warrant [member]

IfrsStatementLineItems [Line Items]

Public offering price | $ / shares

$ 0.0001

Nonadjusting event [member] | Board [Member] | Restricted share units [member]

IfrsStatementLineItems [Line Items]

Number of shares granted

6,873

Fair value grant | $ / shares

$ 6.23

Nonadjusting event [member] | Ordinary shares [member]

IfrsStatementLineItems [Line Items]

Ordinary shares

3,789,264

Nonadjusting event [member] | Ordinary shares [member] | Warrant reserve [member]

IfrsStatementLineItems [Line Items]

Ordinary shares

2,619,377

Nonadjusting event [member] | Ordinary shares [member] | Board of director [member]

IfrsStatementLineItems [Line Items]

Ordinary shares

100,000

Nonadjusting event [member] | Warrant B [member]

IfrsStatementLineItems [Line Items]

Ordinary shares

2,619,367

Underwriting agreement [member] | Ordinary shares [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

345,349

Underwriting agreement [member] | Ordinary shares [member] | Warrant A [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

606,061

Underwriting agreement [member] | Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Contract agreement | $

$ 5,000,000

Underwriting agreement [member] | Nonadjusting event [member] | Prefunded warrant [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

115,493

Exercise price of share | $ / shares

$ 17.835

Underwriting agreement [member] | Nonadjusting event [member] | Ordinary shares [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

12,124,666

46,169

Ordinary shares | $ / shares

$ 0.24

$ 18

Pre funded warrants convertible, description

1-for-1 basis

Letter Agreement [member]

IfrsStatementLineItems [Line Items]

Aggregate ordinary shares

35,659

Payment for fee | $

$ 200,000

200,000

Exercise price of share | $ / shares

$ 0.165

Number of shares issued

3,333

35,659

Warrant term

5 years

Gross proceeds | $

$ 527,000

Letter Agreement [member] | Ordinary shares [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

3,333

Warrants exercise price per share | $ / shares

$ 0.165

Letter Agreement [member] | Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Payment for fee | $

$ 200,000,000

$ 200,000,000

Warrant shares

250,000

250,000

Exercise price of share | $ / shares

$ 0.0022

Securities purchase agreement [member]

IfrsStatementLineItems [Line Items]

Exercise price of share | $ / shares

$ 11.775

$ 122.835

Number of shares issued

2,619,377

2,619,377

Aggregate amount of convertible instruments issued | $

$ 407,000

Gross proceeds | $

$ 350,000

$ 2,358,000

Borrowing costs incurred | $

$ 2,574,000

Original issue discount

40%

Interest accrued percent

12%

Conversion price | $ / shares

$ 1.6378

Maturity date

6

Conversion of debt

Any such conversion is subject to customary conversion limitations set forth in the Purchase Agreement so the investor beneficially owns less than 4.99% of the Company’s ordinary shares. Additionally, the Company has the right to convert in whole or in part the note into ordinary shares; provided that in no case shall the Company so convert the note if the result of the issuance of Ordinary Shares thereby would result in the beneficial ownership of the investor of ordinary shares in excess of 4.99%

Net debt | $

$ 4,290,000

Interest rate

0%

Securities purchase agreement [member] | Bottom of range [member]

IfrsStatementLineItems [Line Items]

Exercise price of share | $ / shares

$ 0.165

Securities purchase agreement [member] | Warrant B [member]

IfrsStatementLineItems [Line Items]

Exercise price of share | $ / shares

$ 122.835

Number of shares issued

2,619,367

Warrants exercise price per share | $ / shares

$ 1.6378

Securities purchase agreement [member] | Warrant A [member]

IfrsStatementLineItems [Line Items]

Exercise price of share | $ / shares

$ 0.165

Number of shares issued

3,929,051

Warrants exercise price per share | $ / shares

$ 0.0022

Securities purchase agreement [member] | Ordinary shares [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

3,929,051

Securities purchase agreement [member] | Ordinary shares [member] | Warrant A [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

2,619,367

Securities purchase agreement [member] | Nonadjusting event [member]

IfrsStatementLineItems [Line Items]

Original issue discount

35%

Proceeds from issuance promissory note and warrant | $

$ 747,000

Principal amount | $

$ 1,150,000

Maturity date

12 months

Conversion of debt

The Investor may convert the Note into the Company’s Ordinary Shares at a conversion price based on the lower of $6.10 or 80% of the 20-day volume-weighted average price, subject to a 4.99% beneficial ownership limitation. In case of default, the outstanding principal plus accrued interest increases to 120%, and a 24.5% per annum default interest rate applies. The accompanying Warrant, exercisable for 208,524 shares at $6.23 per share, is valid for five and a half years and includes anti-dilution protections and a 4.99% ownership cap. The Company used the net proceeds for working capital and general corporate purposes and is subject to certain restrictions and covenants under the Purchase Agreement. The Company also agreed to register the resale of shares underlying the Note and Warrant under a Registration Rights Agreement.

Securities purchase agreement [member] | Nonadjusting event [member] | Ordinary shares [member]

IfrsStatementLineItems [Line Items]

Ordinary shares

11,825,508

Promissory note | $

$ 2,000,000

Principal amount | $

2,250,000

Borrowing costs incurred | $

$ 2,000,000

Original issue discount

10%

Interest accrued percent

12%

Warrant term

5 years

Exercise price of outstanding share options | $ / shares

$ 0.157

Existing warrant amount | $

$ 6,000

Stock Purchase Agreement [Member]

IfrsStatementLineItems [Line Items]

Face value | $

$ 30,000,000

$ 30,000,000

Purchase price description

The SPA allows the Company to sell shares to Alpha through “Puts” with a mandatory minimum of $20 per Put and a maximum of $833 in any 30-day period. The share price depends on market conditions and is discounted based on specific price thresholds. Alpha’s obligation to purchase shares is subject to customary conditions, including owning no more than 4.99% of the Company’s shares at any given time. The SPA automatically terminates after 36 months or once Alpha has purchased $30 million in shares. The Company can terminate the agreement under certain conditions. Proceeds will primarily support working capital and general corporate purposes, with 50% of sales used to repay any outstanding debts owed to Alpha. The Company is continuing with additional capital raising and as described in note 9, post balance sheet date entered into additional funding agreements of $5.3 million along with securing $747 thousand and $194 in addition to restructuring of debt, into $800 and $500 in convertible and non convertible notes respectively.

Stock Purchase Agreement [Member] | Entering into significant commitments or contingent liabilities [member]

IfrsStatementLineItems [Line Items]

Face value | $

$ 30,000,000

Purchase price description

(a) 95% of the lowest daily traded price of the Company’s ordinary shares during the five trading day valuation period (provided that it shall not be less than a Company-specified minimum acceptable price) (“Market Price”), if the market price of the ordinary shares is over $1.00; (b) 90% of the Market Price, if the market price of the ordinary shares is between $0.80 and $1.00: (c) 85% of the Market Price, if the market price of the ordinary shares is between $0.60 and $0.80; (d) 80% of the Market Price, if the market price of the ordinary shares is between $0.40 and $0.60; (e) 75% of the Market Price, if the market price of the ordinary shares is between $0.20 and $0.40; and (f) 50% of the Market Price, if the market price of the ordinary shares is below $0.20. The SPA contains restrictions on the Company’s ability to enter into any Variable Rate Transaction (as defined in the SPA), as described in the SPA

Ordinary shares

2,725,621,000

MATERIAL EVENTS DURING THE PE_2

MATERIAL EVENTS DURING THE PERIOD (Details Narrative) $ / shares in Units, $ in Thousands

1 Months Ended

6 Months Ended

12 Months Ended

Apr. 19, 2024 USD ($) $ / shares shares

Apr. 11, 2024 $ / shares shares

Feb. 29, 2024 USD ($) shares

Feb. 24, 2024 USD ($)

Feb. 20, 2024 USD ($) $ / shares shares

Sep. 06, 2023 USD ($) shares

Jan. 31, 2024 shares

Jun. 30, 2024 USD ($) $ / shares shares

Dec. 31, 2023 USD ($) $ / shares shares

Dec. 31, 2022 USD ($)

Dec. 31, 2021 USD ($)

Jun. 30, 2024 € / shares

Jun. 27, 2024 shares

Jun. 21, 2024 $ / shares shares

Mar. 31, 2024 shares

Dec. 31, 2023 € / shares

Mar. 07, 2023 shares

Jan. 31, 2023 shares

IfrsStatementLineItems [Line Items]

Aggregate ordinary shares | shares

6,061,000

Number of shares issued | shares

36,341

1,237,751

1,000,000

864,000

Ordinary shares | € / shares

€ 1

€ 1

Gross proceeds | $

$ 182

$ 5,892

Commitment fees, rate

1.50%

Bridge loans | $

$ 1,836

1,739

Redeemable warrants | $

$ 186

$ 493

Warrants [member]

IfrsStatementLineItems [Line Items]

Number of shares issued | shares

24,568,773

Ordinary shares [member]

IfrsStatementLineItems [Line Items]

Number of shares issued | shares

161,662

42,573

11,699

160,227

Ordinary shares | $ / shares

$ 18

$ 0.165

$ 0.0022

Gross proceeds | $

$ 2,910

Ordinary price per share | $ / shares

$ 17.835

Beneficial ownership, rate

4.99%

Net proceeds | $

$ 2,690

Cash fee, rate

2.50%

Other expenses | $

$ 100

Ordinary shares, description

purchase up to $30 million of the Company’s ordinary shares, subject to the SPA’s terms. The Company may direct Alpha to purchase shares at its discretion after a three-month period, with a minimum purchase (“Put”) of $20 and a maximum of $833 in any 30-day period, subject to certain pricing conditions based on market price.

Ordinary shares, per share | $ / shares

$ 1

Zero Point Eighty And One Point Zero Zero [Member]

IfrsStatementLineItems [Line Items]

Ordinary shares of market price, rate

90%

Zero Point Sixty And Zero Point Eighty [Member]

IfrsStatementLineItems [Line Items]

Ordinary shares of market price, rate

85%

Zero Point Fourty And Zero Point Sixty [Member]

IfrsStatementLineItems [Line Items]

Ordinary shares of market price, rate

80%

Zero Point Twenty And Zero Point Fouty [Member]

IfrsStatementLineItems [Line Items]

Ordinary shares of market price, rate

75%

Zero Point Twenty [Member]

IfrsStatementLineItems [Line Items]

Ordinary shares of market price, rate

50%

Letter Agreement [member]

IfrsStatementLineItems [Line Items]

Payment of fee | $

$ 200

Payment of cash | $

$ 423

Aggregate ordinary shares | shares

35,659

Warrant term

5 years

Number of shares issued | shares

3,333

35,659

Letter Agreement [member] | Warrants [member]

IfrsStatementLineItems [Line Items]

Number of shares issued | shares

3,333

Warrants exercise price per share | $ / shares

$ 0.165

Letter Agreement [member] | Ordinary shares [member]

IfrsStatementLineItems [Line Items]

Number of shares issued | shares

3,333

Warrants exercise price per share | $ / shares

$ 0.165

Stock Purchase Agreement [Member]

IfrsStatementLineItems [Line Items]

Ordinary shares, description

The SPA allows the Company to sell shares to Alpha through “Puts” with a mandatory minimum of $20 per Put and a maximum of $833 in any 30-day period. The share price depends on market conditions and is discounted based on specific price thresholds. Alpha’s obligation to purchase shares is subject to customary conditions, including owning no more than 4.99% of the Company’s shares at any given time. The SPA automatically terminates after 36 months or once Alpha has purchased $30 million in shares. The Company can terminate the agreement under certain conditions. Proceeds will primarily support working capital and general corporate purposes, with 50% of sales used to repay any outstanding debts owed to Alpha. The Company is continuing with additional capital raising and as described in note 9, post balance sheet date entered into additional funding agreements of $5.3 million along with securing $747 thousand and $194 in addition to restructuring of debt, into $800 and $500 in convertible and non convertible notes respectively.

Notional amount | $

$ 30,000

$ 30,000

Securities purchase agreement [member]

IfrsStatementLineItems [Line Items]

Number of shares issued | shares

2,619,377

Gross proceeds | $

$ 350

$ 2,358

Repayment of debt, rate

15%

Securities purchase agreement [member] | Alpha april note [Member]

IfrsStatementLineItems [Line Items]

Warrant term

5 years 6 months

Ordinary shares | $ / shares

$ 18,000

Repayment of debt, rate

50%

Securities purchase agreement [member] | Warrants [member]

IfrsStatementLineItems [Line Items]

Warrant term

5 years 6 months

5 years 6 months

Number of shares issued | shares

157,673

Ordinary shares | $ / shares

$ 11.775

Gross proceeds | $

$ 2,574

Securities purchase agreement [member] | Ordinary shares [member]

IfrsStatementLineItems [Line Items]

Number of shares issued | shares

3,929,051