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 |
|
|