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

Share Capital (Tables)

v3.22.2
Share Capital (Tables)
12 Months Ended
Dec. 31, 2021
Share-Based Payment Arrangement [Abstract]  
Schedule of stock option activities and related information
    Number of ordinary
shares
    Number of ordinary
shares
 
    Authorized     Issued and outstanding     Authorized     Issued and outstanding  
    December 31,
2021
    December 31,
2020
 
                                 
Ordinary shares     1,200,000,000       90,205,191       1,200,000,000       26,986,203  

 

Schedule of options granted outstanding and exercise prices
    Number of
options
    Weighted
average
exercise
price
   

Weighted
average
remaining
contractual
life (years)

    Aggregate
intrinsic-
value
 
                         
Outstanding as of January 1, 2021     16,319,786     $ 0.12                  
Granted     2,003,436       0.17                  
                                 
Outstanding as of December 31, 2021     18,323,222     $ 0.12       4.97     $ 342,452  
                                 
Exercisable as of December 31, 2021     11,332,153     $ 0.08       4.68     $ 233,086  

 

    Number of
options
    Weighted
average
exercise
price
   

Weighted
average
remaining
contractual
life (years)

    Aggregate
intrinsic-
value
 
                         
Outstanding as of January 1, 2020     1,814,381     $ 0.58                  
Granted     14,678,734       0.07                  
Options forfeited     (173,329 )   $ 0.74                  
                                 
Outstanding as of December 31, 2020     16,319,786     $ 0.12       5.79     $ 2,581,719  
                                 
Exercisable as of December 31, 2020     5,913,492     $ 0.14       5.40     $ 844,712  

 

Schedule of options granted to officers, directors, employees, consultants and service providers
      Outstanding     Exercisable  
Exercise price     Number of
options
    Weighted average
remaining
contractual life
(years)
    Number of
options
    Weighted average
remaining
contractual life
(years)
 
                           
  (* )     230,425      
      230,425      
 
$ 0.03       19,288       2.8       19,288       2.8  
  0.07       14,678,734       5.0      
9.507,559
      5.0  
  0.17       2,003,436       6.4      
     
 
  0.27       809,000       4.0       792,542       4.0  
  0.34       8,020       1.9       8,020       1.9  
  0.92       540,501       2.4       540,501       2.4  
  4.72       1,068       0.2       1,068       0.2  
  5.05       2,769       0.2       2,769       0.2  
$ 5.73       29,981       1.8       29,981       1.8  
          18,323,222               11,332,153          

 

      Outstanding     Exercisable  
Exercise price     Number of
options
    Weighted average
remaining
contractual life
(years)
    Number of
options
    Weighted average
remaining
contractual life
(years)
 
                           
  (* )     230,425      
      230,425      
 
$ 0.03       19,288       3.8       19,288       3.8  
  0.07       14,678,734       6.0       4,579,857       6.0  
  0.27       809,000       5.0       506,917       4.9  
  0.34       8,020       2.9       8,020       2.9  
  0.92       540,501       3.4       535,168       3.4  
  4.72       1,068       1.2       1,068       1.2  
  5.05       2,769       1.2       2,769       1.2  
$ 5.73       29,981       2.8       29,981       2.8  
          16,319,786               5,913,492          

 

Schedule of stock based compensation
    Year Ended December 31,  
    2021     2020     2019  
                   
Research and Development   $ 147,696     $ 167,328     $ 16,295  
Sales and Marketing     47,031       48,671       7,209  
General and Administrative     263,646       248,774       86,109  
                         
    $ 458,373     $ 464,773     $ 109,613  

 

Schedule of outstanding warrants
Outstanding     Issuance
year
    Exercise
price
    Exercisable through      
                         
  117,209       2009                   (* )     Exit event     (**)
  59,384       2013       0.92       2023     (**)
  170,000       2018       0.50       2023     Refer to Note 8.b.
  200,001       2018     $ 0.50       2023     (**)
                                 
  546,594