Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Acquisition (Tables)

v3.22.1
Acquisition (Tables)
 12 Months Ended
Dec. 31, 2020
Business Combinations [Abstract]  
Schedule of purchase price to assets acquired and liabilities
Cash and cash equivalents   $ 811,773  
Prepaid expenses and other current assets     1,977  
Balance with the Company (*)     50,000  
Investment in the Company’s shares (**)     122,482  
CLA provided to the Company (*)     167,188  
Liability to National Technological Innovation Authority     (1,006,605 )
Accrued expenses and other current liabilities     (123 )
Goodwill (***)     265,089  
Total purchase price   $ 411,781  

 

(*) Such amount was eliminated at the consolidated level.

 

(**) Such amount was recorded as Treasury stock within the Consolidated statements of shareholders’ equity (deficit).

 

(***) Such amount was impaired following the purchase date since Jet CU has no activity and was recorded within the Consolidated statements of comprehensive loss.