Current report of foreign issuer pursuant to Rules 13a-16 and 15d-16 Amendments

Warrants Presented at Fair Value

v3.19.2
Warrants Presented at Fair Value
6 Months Ended
Jun. 30, 2019
Fair Value Disclosures [Abstract]  
WARRANTS PRESENTED AT FAIR VALUE
NOTE 6:- Warrants presented at fair value

 

  a. The Company's outstanding warrants classified as a liability as of June 30, 2019 are as follows:

 

Outstanding     Exercise price     Issuance year     Exercisable through   Fair value  
                         
  1,760,040     $ 1.50       2014     2019   $ - (*******)
  120,000     $ 0.92 (*)      2014       (*****)    54 (*******)
  296,813     $ 1.50       2015     2020     2 (*******)
  374,001     $ 1.50       2016     2021     123 (*******)
  905,555     $ 0.17       2017     2022     41,487 (*******)
  333,333     $ 1.50       2017     2022     881 (*******)
  53,333     $ 1.50       2017     2022     52 (*******)
  50,000     $ 1.50       2017     2022     59 (*******)
  33,332     $ 1.00-1.20       2017     2022     127 (*******)
  33,332     $ 1.00-1.20       2017     2022     127 (*******)
  675,926     $   (**)      2017     2022     82,116 (*******)
  11,111     $ 1.20       2017     2022     36 (*******)
  300,000     $ 0.50       2018     2023     5,048 (*******)
  1,659,971     $ 0.17       2018     2022     43,035 (*******)
  29,411,765     $ 0.27 (***)      2018     2020 (******)    337,525 (*******)
  20,588,236         (****)        (****)      (****)    236,267 (*******)
  6,617,647     $ 0.27 (***)      2018     2020 (******)    80,170 (*******)
  11,764,706     $ 0.27 (***)      2018     2020 (******)    158,064 (*******)
  1,411,765     $ 0.27 (***)      2018     2024   52,713 (*******)
  5,882,352     $ 0.27 (***)      2018     2021 (******)  86,032    Refer to Note 3b
  14,705,882     $ 0.27 (***)      2018     2020 (******)  $ 165,470    Refer to Note 3a
                                 
  96,989,100                         $ 1,289,388  

 

(*) Subject to changes as describe in the agreement.
(**) Less than $0.01.
(***) Subject to a mechanism described in the agreement but not less than $0.17, therefore, the outstanding amount were calculated based on an exercise price of $0.17, which result the maximum potential amount of warrants.
(****) Since the actual number of warrants cannot be determined as of June 30, 2019, the outstanding amount were calculated based on an exercise price of $0.17, which result the maximum potential amount of warrants.
(*****) M&A or qualified PO as described in the agreement.
(******) Two years or an PO, the earlier.
(*******)  Issued in connection with the 2014 through 2018 financing rounds.

 

b. The roll-forward of the Company's warrants and capital note presented at fair value are as follows:

 

       
Warrants and capital note presented at fair value as of December 31, 2017     2,093,036  
Proceeds from issuance of ordinary shares and convertible securities     288,593  
Fair value of warrants granted for services     5,100  
Changes in Fair value of warrants and capital note     (1,519,369 )
         
Warrants and capital note presented at fair value as of June 30, 2018     867,360  

 

       
Warrants and capital note presented at fair value as of December 31, 2018     977,025  
Proceeds from issuance of ordinary shares and convertible securities     26,737  
Changes in Fair value of warrants and capital note     321,403  
         
Warrants and capital note presented at fair value as of June 30, 2019     1,325,165