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

Consolidated Statements of Shareholders??? Equity (Deficit)

v3.22.2
Consolidated Statements of Shareholders’ Equity (Deficit) - USD ($)
Ordinary shares
Additional paid-in Capital
Treasury stocks
Accumulated deficit
Total
Balance at Dec. 31, 2018 $ 63,301 $ 19,698,606 $ (17,058,758) $ 2,703,149
Balance (in Shares) at Dec. 31, 2018 23,491,948        
Issuance of ordinary shares in connection with conversion of convertible loans $ 1,630 97,235 98,865
Issuance of ordinary shares in connection with conversion of convertible loans (in Shares) 576,270        
Issuance of ordinary shares in connection with Professional service rendered $ 911 24,733 25,644
Issuance of ordinary shares in connection with Professional service rendered (in Shares) 325,000        
Beneficial conversion feature related to convertible loans   21,445 21,445
Stock based compensation   109,613 109,613
Net loss (3,953,005) (3,953,005)
Balance at Dec. 31, 2019 $ 65,842 19,951,632 (21,011,763) (994,289)
Balance (in Shares) at Dec. 31, 2019 24,393,218        
Issuance of ordinary shares in connection with conversion of convertible loans $ 1,111 64,634 65,745
Issuance of ordinary shares in connection with conversion of convertible loans (in Shares) 386,735        
Issuance of ordinary shares in connection with Professional service rendered $ 602 33,443 34,045
Issuance of ordinary shares in connection with Professional service rendered (in Shares) 206,250        
Issuance of Ordinary Shares as a consideration for the Jet CU purchase $ 5,848 218,352 224,200
Issuance of Ordinary Shares as a consideration for the Jet CU purchase (in Shares) 2,000,000        
Treasury stocks     (122,482) (122,482)
Stock based compensation   464,773 464,773
Net loss   (12,543,737) (12,543,737)
Balance at Dec. 31, 2020 $ 73,403 20,732,834 (122,482) (33,555,500) (12,871,745)
Balance (in Shares) at Dec. 31, 2020 26,986,203        
Issuance of ordinary shares in connection with conversion of convertible loans $ 180,399 12,897,067 13,077,466
Issuance of ordinary shares in connection with conversion of convertible loans (in Shares) 57,790,416        
Issuance of additional ordinary shares to former Jet CU shareholders in return for forfeiting their related warrants $ 16,948 471,959 488,907
Issuance of additional ordinary shares to former Jet CU shareholders in return for forfeiting their related warrants (in Shares) 5,428,572        
Advance payment on the account of issuing ordinary shares 350,000 350,000
Stock based compensation   458,373 458,373
Net loss   (2,518,864) (2,518,864)
Balance at Dec. 31, 2021 $ 270,750 $ 34,910,233 $ (122,482) $ (36,074,364) $ (1,015,863)
Balance (in Shares) at Dec. 31, 2021 90,205,191