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

Acquisition (Tables)

v3.23.1
Acquisition (Tables)
 12 Months Ended
Dec. 31, 2022
Acquisition [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 Israel 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) for the year ended December 31, 2020.

 

(***) Such amount was impaired following the purchase date since Jet CU has no activity and was recorded within the consolidated statements of comprehensive loss for the year ended December 31, 2020.