CONDENSED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT
(Unaudited)
U.S. dollars
(except for share numbers)
| Ordinary shares | ||||||||||||
| Additional | ||||||||||||
| Number | paid-in | Accumulated | ||||||||||
| of shares | Amount | capital | losses | Total | ||||||||
| U.S. dollars | U.S. dollars | |||||||||||
|
BALANCE AS OF
DECEMBER 31, 2021 | 359,743 | 1,945 | 6,380,403 | (12,998,640 | ) | (6,616,292 | ) | |||||
|
CHANGES DURING
THE SIX MONTHS ENDED JUNE 30, 2022: | ||||||||||||
| Conversion of
Former Parent Company's debt into ordinary shares and warrants | 3,237,699 | 19,511 | 6,403,797 | - | 6,423,308 | |||||||
| Stock based
compensation | - | - | 96,916 | - | 96,916 | |||||||
| Comprehensive
loss | - | - | - | (948,376 | ) | (948,376 | ) | |||||
|
BALANCE AS OF JUNE
30, 2022 | 3,597,442 | 21,456 | 12,881,116 | (13,947,016 | ) | (1,044,444 | ) | |||||
|
BALANCE AS OF
DECEMBER 31, 2022 | 3,597,442 | 21,456 | 12,988,292 | (14,651,678 | ) | (1,641,930 | ) | |||||
|
CHANGES DURING
SIX MONTHS ENDED JUNE 30, 2023: | ||||||||||||
| Stock based
compensation | - | - | 91,531 | - | 91,531 | |||||||
| Transactions
with related party | - | - | 12,167 | - | 12,167 | |||||||
| Comprehensive
loss | - | - | - | (433,324 | ) | (433,324 | ) | |||||
|
BALANCE AS OF JUNE
30, 2023 | 3,597,442 | 21,456 | 13,091,990 | (15,085,002 | ) | (1,971,556 | ) | |||||
The accompanying notes are an integral part of these condensed interim financial statements.
