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

Consolidated Balance Sheets

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Consolidated Balance Sheets - USD ($)
Dec. 31, 2023
Dec. 31, 2022
CURRENT ASSETS:    
Cash $ 629,957 $ 362,609
Restricted cash 17,164 4,984
Accounts receivables 69,115 110,687
Other current assets 324,657 230,319
Inventory, net 43,157 38,730
Total current assets 1,084,050 747,329
NON-CURRENT ASSETS:    
Property and equipment, net 92,899 125,548
Goodwill 3,026,036 3,026,036
Right of use asset 243,376 135,107
Total non-current assets 3,362,311 3,286,691
Total assets 4,446,361 4,034,020
CURRENT LIABILITIES:    
Trade payables 522,587 508,716
Employees and payroll accruals 693,407 694,709
Accrued expenses and other current liabilities 2,312,275 2,577,711
Convertible loans 1,537,897 1,470,213
Warrants presented at fair value 1,926
Current maturity of lease liability 72,959 60,071
Total current liabilities 5,141,051 5,311,420
NON-CURRENT LIABILITIES:    
Capital note 40,000 40,000
Warrants presented at fair value 15,459
Lease liability, net of current maturity 170,417 75,036
Total non-current liabilities 210,417 130,495
Total liabilities 5,351,468 5,441,915
Commitment and Contingencies (Note 9)
SHAREHOLDERS’ DEFICIT:    
Ordinary shares of NIS 0.01 par value - Authorized: 1,200,000,000 as of December 31, 2023 and 2022, respectively; Issued and outstanding: 182,942,418 and 147,134,792 ordinary shares as of December 31, 2023 and 2022, respectively 541,056 441,590
Additional paid in capital 41,332,227 38,856,908
Treasury stocks (122,482) (122,482)
Accumulated deficit (42,655,908) (40,583,911)
Total shareholders’ deficit (905,107) (1,407,895)
Total liabilities and shareholders’ deficit $ 4,446,361 $ 4,034,020