Document And Entity Information
Document And Entity Information | 6 Months Ended |
Jun. 30, 2022 | |
Document Information Line Items | |
Entity Registrant Name | MEDIGUS LTD. |
Document Type | 6-K |
Current Fiscal Year End Date | --12-31 |
Amendment Flag | false |
Entity Central Index Key | 0001618500 |
Document Period End Date | Jun. 30, 2022 |
Document Fiscal Year Focus | 2022 |
Document Fiscal Period Focus | Q2 |
Interim Condensed Consolidated
Interim Condensed Consolidated Statement of Financial Position - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 | |
CURRENT ASSETS: | |||
Cash and cash equivalents | $ 22,141 | $ 24,025 | |
Pledged deposit | 219 | ||
Trade accounts receivable | 16,562 | 408 | |
Other receivables and prepaid expenses | 1,863 | 415 | |
Inventory | 1,831 | 1,227 | |
Loan to an associate | 1,265 | ||
Related party prepaid expenses | 728 | 999 | |
Financial assets at fair value through profit or loss | 2,614 | 3,315 | |
Current assets | 45,958 | 31,654 | |
NON-CURRENT ASSETS: | |||
Property and equipment, net | 407 | 77 | |
Right-of-use assets, net | 667 | ||
Investments accounted for using the equity method | 13,407 | 17,240 | |
Intangible assets | 29,376 | 8,321 | |
Deferred offering costs | 863 | 836 | |
Deferred tax asset | 119 | ||
Financial assets at fair value through profit or loss | 3,517 | 1,602 | |
Non-current Assets | 48,356 | 28,076 | |
TOTAL ASSETS | 94,314 | 59,730 | |
CURRENT LIABILITIES: | |||
Trade accounts payable | 10,450 | 702 | |
Short term loans | 9,248 | 816 | |
Short term related party loan | 56 | 111 | |
Current portion of long-term related party payable | 520 | 506 | |
Lease liabilities | 158 | ||
Warrants at fair value | 854 | 692 | |
Contract liability | 108 | 108 | |
Liability to event producers | 2,385 | 1,556 | |
Related parties | 474 | 616 | |
Accrued expenses and other current liabilities | 8,924 | 1,532 | |
Current Liabilities | 33,177 | 6,639 | |
NON-CURRENT LIABILITIES: | |||
Lease liabilities | 536 | ||
Long-term loans | 4,083 | ||
Loans from related parties | 479 | 689 | |
Long-term related party payable | 580 | 711 | |
Deferred tax liability | 2,105 | 236 | |
Retirement benefit obligation, net | 165 | 22 | |
Non-current liabilities | 7,948 | 1,658 | |
TOTAL LIABILITIES | 41,125 | 8,297 | |
SHAREHOLDERS’ EQUITY: | |||
Share capital – ordinary shares with no par value: authorized – June 30, 2022 and December 31, 2021 – 200,000,000 shares; issued and outstanding – June 30, 2022 – 24,591,470 shares December 31, 2021 – 23,850,128 shares | [1] | ||
Share premium | 111,322 | 110,562 | |
Other capital reserves | 11,401 | 12,619 | |
Warrants | 197 | 197 | |
Accumulated deficit | (77,778) | (74,188) | |
Equity attributable to owners of Medigus Ltd. | 45,142 | 49,190 | |
Non-controlling interests | 8,047 | 2,243 | |
TOTAL SHAREHOLDERS’ EQUITY | 53,189 | 51,433 | |
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY | $ 94,314 | $ 59,730 | |
[1]Restated to reflect the reverse split at a ratio of 20:1 occurred on July 8, 2022 – see also note 8. |
Interim Condensed Consolidate_2
Interim Condensed Consolidated Statement of Financial Position (Parentheticals) - $ / shares | Jun. 30, 2022 | Dec. 31, 2021 |
Statement of financial position [abstract] | ||
Ordinary shares par value (in Dollars per share) | ||
Ordinary shares authorized | 200,000,000 | 200,000,000 |
Ordinary shares issued | 24,591,470 | 23,850,128 |
Ordinary shares outstanding | 24,591,470 | 23,850,128 |
Interim Consolidated Statements
Interim Consolidated Statements of Income/Loss and Other Comprehensive Income/Loss - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |||
Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |||
Revenues: | |||||
Products | $ 2,343 | $ 1,934 | $ 8,933 | ||
Revenue from services | 32,616 | 459 | 1,185 | ||
Revenue | 34,959 | 2,393 | 10,118 | ||
Cost of revenues: | |||||
Products | 1,933 | 1,587 | 4,938 | ||
Revenue from services | 26,834 | 202 | 379 | ||
Cost of revenue | 28,767 | 1,789 | 5,317 | ||
Gross Profit | 6,192 | 604 | 4,801 | ||
Research and development expenses | 2,047 | 755 | 1,045 | ||
Sales and marketing expenses | 2,112 | 624 | 1,988 | ||
General and administrative expenses | 5,638 | 4,417 | 9,964 | ||
Net change in fair value of financial assets at fair value through profit or loss | 813 | (583) | (713) | ||
Share of net loss of associates accounted for using the equity method | 1,910 | 419 | 2,149 | ||
Amortization of excess purchase price of an associate | 263 | ||||
Operating loss | (6,328) | (5,028) | (9,895) | ||
Gain upon loss of control in a subsidiary | (11,502) | (11,465) | |||
Gain from initial recognition of assets and liabilities upon control obtained in an associate | (2,300) | ||||
Gain from sale of investments | (68) | (2,025) | (2,025) | ||
Other income | (176) | (299) | (494) | ||
Changes in fair value of warrants issued to investors | 99 | 474 | (484) | ||
Changes in fair value of commitment to issue shares | 63 | 75 | |||
Financial loss, net | 793 | 403 | 347 | ||
Profit (Loss) before taxes on income | (4,739) | 7,921 | 4,151 | ||
Tax benefit (expense) | (9) | 6 | (105) | ||
Net profit (loss) for the period | (4,748) | 7,927 | 4,046 | ||
Items that may be reclassified to profit or loss | |||||
Share of other comprehensive income (loss) of associates accounted for using the equity method | (125) | (104) | 191 | ||
Share of other comprehensive loss of currency translation of subsidiaries | (836) | ||||
Items that will not be reclassified to profit or loss | |||||
Share of other comprehensive income (loss) of associates accounted for using the equity method | 37 | (29) | |||
Other comprehensive income (loss) for the period | (961) | (67) | 162 | ||
Total comprehensive income (loss) for the period | (5,709) | 7,860 | 4,208 | ||
Net profit (loss) for the period is attributable to: | |||||
Owners of Medigus | (3,590) | 9,785 | 6,794 | ||
Non-controlling interest | (1,158) | (1,858) | (2,748) | ||
Loss for the year | (4,748) | 7,927 | 4,046 | ||
Total comprehensive income (loss) for the period is attributable to: | |||||
Owners of Medigus | (4,275) | 9,746 | 6,881 | ||
Non-controlling interest | (1,434) | (1,886) | (2,673) | ||
Total comprehensive income (loss) for the period | $ (5,709) | $ 7,860 | $ 4,208 | ||
Earning (Loss) per ordinary share attributed to Medigus ltd | |||||
Basic (in Dollars per share) | $ (0.15) | $ 0.02 | $ 0.01 | ||
Diluted (in Dollars per share) | $ (0.15) | $ 0.04 | $ 0.01 | ||
Weighted average ordinary shares outstanding (In thousands) | |||||
Basic (in Shares) | 24,109 | 22,212 | [1] | 23,035 | [1] |
Diluted (in Shares) | 24,109 | 22,212 | [1] | 23,035 | [1] |
[1]Restated to reflect the reverse split at a ratio of 20:1 occurred effected on July 8, 2022 – see also note 8. |
Consolidated Statements of Chan
Consolidated Statements of Changes in Equity - USD ($) $ in Thousands | Ordinary shares | Share premium | Capital reserves from options granted | Other reserves | Capital reserves from transactions with non- controlling interest | Currency translation differences | Warrants | Accumulated deficit | Total | Non- controlling interests | Total |
Beginning balance at Dec. 31, 2020 | $ 93,021 | $ 1,450 | $ 545 | $ 9,848 | $ (1,118) | $ 197 | $ (80,982) | $ 22,961 | $ 3,233 | $ 26,194 | |
Income (Loss) for the period | 9,785 | 9,785 | (1,858) | 7,927 | |||||||
Other comprehensive income (loss) | (76) | 37 | (39) | (28) | (67) | ||||||
TOTAL COMPREHENSIVE LOSS FOR THE PERIOD | (76) | 37 | 9,785 | 9,746 | (1,886) | 7,860 | |||||
TRANSACTIONS WITH SHAREHOLDERS: | |||||||||||
Issuance of warrants and shares by Gix Internet Ltd. (note 4.F) | 49,398 | (32,062) | 17,336 | 17,336 | |||||||
Issuance of shares by a subsidiary | 1,704 | 1,704 | 1,893 | 3,597 | |||||||
Purchase of a subsidiary (note 4E) | 60 | 60 | 993 | 1,053 | |||||||
Deemed contributions to a subsidiary (note 4E) | (359) | (359) | 466 | 107 | |||||||
Loss of control in a subsidiary (note 4C) | (713) | (713) | (3,024) | (3,737) | |||||||
Cancellation of par value | (142,419) | 142,419 | |||||||||
Share in capital reserve of an associate | 880 | 880 | 880 | ||||||||
Stock-based compensation in connection with options granted to employees and service providers | 53 | 53 | 561 | 614 | |||||||
Expiration of warrants | 43 | (43) | |||||||||
TOTAL TRANSACTIONS WITH SHAREHOLDERS | (93,021) | 110,400 | 70 | (359) | 2,584 | (713) | 18,961 | 889 | 19,850 | ||
Ending balance at Jun. 30, 2021 | 110,400 | 1,520 | 110 | 12,432 | (1,081) | 197 | (71,910) | 51,668 | 2,236 | 53,904 | |
Beginning balance at Dec. 31, 2020 | 93,021 | 1,450 | 545 | 9,848 | (1,118) | 197 | (80,982) | 22,961 | 3,233 | 26,194 | |
Income (Loss) for the period | 6,794 | 6,794 | (2,748) | 4,046 | |||||||
Other comprehensive income (loss) | (29) | 116 | 87 | 75 | 162 | ||||||
TOTAL COMPREHENSIVE LOSS FOR THE PERIOD | (29) | 116 | 6,794 | 6,818 | (2,673) | 4,208 | |||||
TRANSACTIONS WITH SHAREHOLDERS: | |||||||||||
Consolidation of a subsidiary (note 4E) | 71 | 71 | 1,156 | 1,227 | |||||||
Exercise of warrants issued by ScoutCam Inc. (note 4C) | 264 | 264 | 518 | 782 | |||||||
Loss of control in ScoutCam Inc. (note 4C) | (2,760) | (2,760) | |||||||||
Deemed contribution to an affiliate (note 4F) | 10 | 10 | 10 | ||||||||
TRANSACTIONS WITH SHAREHOLDERS: | |||||||||||
Issuance of warrants and shares by Gix Internet Ltd. (note 4.F) | 49,398 | (32,062) | 17,336 | 17,336 | |||||||
Issuance of shares by a subsidiary | 717 | 717 | 1,138 | 1,855 | |||||||
Deemed contributions to a subsidiary (note 4E) | 108 | (421) | (313) | 529 | 216 | ||||||
Cancellation of par value | (142,419) | 142,419 | |||||||||
Subsidiaries’ share-based compensation to employees and service providers (note 4.D) | 1,102 | 1,102 | |||||||||
Share based compensation to employees and service providers (note 8) | 60 | 1,203 | 1,263 | 1,263 | |||||||
Expiration of options | 74 | (74) | |||||||||
TOTAL TRANSACTIONS WITH SHAREHOLDERS | (93,021) | 110,562 | 1,129 | 118 | 560 | 19,348 | 1,683 | 21,031 | |||
Ending balance at Dec. 31, 2021 | 110,562 | 2,579 | 634 | 10,408 | (1,002) | 197 | (74,188) | 49,190 | 2,243 | 51,433 | |
Beginning balance at Jun. 30, 2021 | 110,400 | 1,520 | 110 | 12,432 | (1,081) | 197 | (71,910) | 51,668 | 2,236 | 53,904 | |
Ending balance at Dec. 31, 2021 | 110,562 | 2,579 | 634 | 10,408 | (1,002) | 197 | (74,188) | 49,190 | 2,243 | 51,433 | |
Income (Loss) for the period | (3,590) | (3,590) | (1,158) | (4,748) | |||||||
Other comprehensive income (loss) | (685) | (685) | (276) | (961) | |||||||
TOTAL COMPREHENSIVE LOSS FOR THE PERIOD | (685) | (3,590) | (4,275) | (1,434) | (5,709) | ||||||
TRANSACTIONS WITH SHAREHOLDERS: | |||||||||||
Issuance of warrants and shares by Gix Internet Ltd. (note 4.F) | (713) | (713) | 811 | 98 | |||||||
Deemed contributions to a subsidiary (note 4E) | 121 | (356) | (235) | 478 | 243 | ||||||
Issuance of shares in consideration for investments (note 4.M, 4.N) | 900 | 900 | 900 | ||||||||
Issuance of shares by Eventer (note 4.D) | (20) | (20) | 20 | ||||||||
Consolidation of Gix Internet Ltd. (note 4.F) | (144) | (144) | 6,129 | 5,985 | |||||||
Divided paid to non-controlling interests (note 4.F) | (391) | (391) | |||||||||
Subsidiaries’ share-based compensation to employees and service providers (note 4.D) | 191 | 191 | |||||||||
Share based compensation to employees and service providers (note 8) | 439 | 439 | 439 | ||||||||
Expiration of options | 4 | (4) | |||||||||
TOTAL TRANSACTIONS WITH SHAREHOLDERS | 760 | 435 | 121 | (1,089) | 227 | 7,238 | 7,465 | ||||
Ending balance at Jun. 30, 2022 | $ 111,322 | $ 3,014 | $ 755 | $ 9,319 | $ (1,687) | $ 197 | $ (77,778) | $ 45,142 | $ 8,047 | $ 53,189 |
Consolidated Statements of Cash
Consolidated Statements of Cash Flows - USD ($) $ in Thousands | 6 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | |
CASH FLOWS FROM OPERATING ACTIVITIES: | ||
Cash flows used in operations (see Appendix A) | $ (1,485) | $ (2,225) |
Interest received | 23 | |
Income tax paid | (258) | |
Interest paid | (192) | (1) |
Net cash flow used in operating activities | (1,912) | (2,226) |
CASH FLOWS FROM INVESTING ACTIVITIES: | ||
Payments for acquisitions of an associates and financial assets at fair value through profit or loss | (4,080) | (1,829) |
Consolidation of subsidiaries upon gain of control (see Appendix C, Appendix D, note 4.E, note 4.F) | 2,736 | 290 |
Purchase of property and equipment | (20) | (123) |
Deconsolidation of ScoutCam Inc upon loss of control (see Appendix B and note 4.C) | (3,252) | |
Purchase of intangible assets | (4,728) | |
Investment in short term deposits | (46) | |
Exercise of ScoutCam’s warrants | (234) | |
Proceeds from sale of financial assets at fair through profit or loss and securities of an associate | 404 | 1,841 |
Dividend received from an associate | 171 | |
Net cash flow used in investing activities | (789) | (8,081) |
CASH FLOWS FROM FINANCING ACTIVITIES: | ||
Proceeds from issuance of shares and warrants by subsidiaries, net of issuance costs of subsidiaries (see notes 4.B, 4.A) | 98 | 1,300 |
Dividend paid to non-controlling interest | (391) | |
Principal elements of lease liability | (35) | |
Receipt of short-term loans | 1,000 | 51 |
Receipt of long-term loans | 651 | |
Repayment of loans | (541) | (1,060) |
Repayment of related party debt (see note 4.D) | (146) | |
Proceeds from issuance of shares and warrants and from exercise of warrants, net of issuance costs (see note 8) | 17,336 | |
Net cash flow generated from financing activities | 636 | 17,627 |
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS | (2,065) | 7,320 |
BALANCE OF CASH AND CASH EQUIVALENTS AT THE BEGINNING OF THE PERIOD | 24,025 | 22,363 |
GAIN (LOSS) FROM EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS | 181 | (41) |
BALANCE OF CASH AND CASH EQUIVALENTS AT THE END OF THE PERIOD | 22,141 | 29,642 |
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION: | ||
Right of use assets obtained in exchange for lease liabilities | 185 | |
Non-cash investment in Gix Group (note 4.G) | 4,417 | |
Issuance of shares in exchange for media and advertising services rights (note 4.E) | 1,250 | |
Purchase of a software license on credit (notes 4.E, 10) | 1,346 | |
Decrease in loan balance due to modification of terms (note 4.F) | 243 | |
Deferred offering costs included in other current liabilities | 497 | |
Non-cash investment in Laminera Flow Optimization Ltd (note 4.M) | 400 | |
Non-cash investment in ClearMind Medicine Inc (note 4.N) | 500 | |
Income (Loss) for the period before taxes on income | (4,739) | 9,785 |
Gain from exchange differences other than cash and cash equivalents | 296 | 82 |
Depreciation and amortization | 1,749 | 356 |
Finance expenses | 404 | 1 |
Finance income | (555) | |
Changes in fair value of warrants issued to investors | 99 | 474 |
Change in fair value of commitment to issue shares | 63 | |
Share based compensation to employees and service providers | 631 | |
Net change in the fair value of financial assets at fair value through profit or loss (note 3) | 813 | (583) |
Gain from initial recognition of assets and liabilities upon control obtained in an associate (note 4.F) | (2,300) | |
Share of net loss of associates accounted for using the equity method (note 4) | 1,910 | 419 |
Reversal of an impairment loss | (94) | |
Gain arising from deconsolidation of a subsidiary upon loss of control (see note 4.A) | (12,083) | |
Gain from sales of investments (see note 3, note 4.G) | (68) | (2,025) |
Decrease (Increase) in trade accounts receivable | (2,961) | 129 |
Decrease (Increase) in other current assets | 30 | (910) |
Increase in trade accounts payable | 370 | 483 |
Increase in accrued compensation expenses | 18 | 407 |
Increase in contract liabilities | 747 | |
Increase in contract fulfillment assets | (240) | |
Increase in other current liabilities and liability to event producers | 3,035 | 1,144 |
Decrease in deferred offering costs (see note 4.D) | 418 | |
Increase in inventory | (604) | (411) |
Cash flows used in operations | $ (1,485) | $ (2,225) |
Additional Information of Conso
Additional Information of Consolidated Statements of Cash Flows - USD ($) $ in Thousands | Feb. 28, 2022 | Mar. 31, 2021 | Jan. 04, 2021 |
ScoutCam Inc | |||
Deconsolidation of ScoutCam upon loss of control: | |||
Net working capital other than cash | $ 113 | ||
Property and equipment, net | (370) | ||
Lease liability- long term | 144 | ||
ScoutCam investment at fair value | 11,843 | ||
Derecognition of non-controlling interests | 3,024 | ||
Gain arising from deconsolidation upon loss of control | (11,502) | ||
Net cash deconsolidated upon loss of control | $ 3,252 | ||
Jeffs’ Brands Ltd. | |||
Deconsolidation of ScoutCam upon loss of control: | |||
Net working capital other than cash | $ (279) | ||
Intangible assets | 1,444 | ||
Inventory | 778 | ||
Deferred taxes | (143) | ||
Non-controlling interests | (1,024) | ||
Borrowings | (1,451) | ||
Non-cash consideration | (131) | ||
Goodwill | 516 | ||
Net cash acquired | $ (290) | ||
Gix Internet Ltd. | |||
Deconsolidation of ScoutCam upon loss of control: | |||
Net working capital other than cash | $ (8,097) | ||
Intangible assets | 17,417 | ||
Severance - accrual | (125) | ||
Investments accounted for using the equity method | (4,606) | ||
Deferred taxes | (1,964) | ||
Lease asset and property and equipment, net | 888 | ||
Non-controlling interests | (6,129) | ||
Long- term Borrowings | (4,662) | ||
Share premium | 143 | ||
Goodwill | 6,699 | ||
Gain arising from consolidation upon gain of control | (2,300) | ||
Net cash acquired | $ (2,736) |
General
General | 6 Months Ended |
Jun. 30, 2022 | |
General [Abstract] | |
GENERAL | NOTE 1 - GENERAL A. Medigus Ltd. (the “Company” or “Medigus”) was incorporated in Israel on December 9, 1999. The Company’s registered office and principal place of business are located in Israel. The address of its registered office is Hanehoshet 3, 5th Floor, Building B, Tel-Aviv POB 6971068, Israel. The Company, together with its subsidiaries and associates, operates in the technology sector, focusing on medical-related devices and products (through its associate Polyrizon Ltd), on Visualization and AI based solutions (through its associate ScoutCam Inc), on Online Event Management (through its subsidiary Eventer Ltd.( ,on Online Advertising (through its subsidiary Gix Internet Ltd.), on e-commerce (through its subsidiary Jeffs’ Brands Ltd.), on safety systems for commercial drones (through its associate Parazero Ltd), on energy efficiency technology (through its associate Laminera Ltd.) and on the electric vehicle sector (through its subsidiary Charging Robotics Ltd.). Additionally, through its corporate, the Company is engaged in the licensing of intellectual property relating to its legacy product, the Medigus Ultrasonic Surgical Endostapler (“MUSE”), to Golden Grand Medical Instruments Ltd., a china based medical services provider (refer to Note11), and in the investment of its excess cash resources, primarily in equity securities. “Group” – the Company together with, Jeff’s Brands Ltd., Charging Robotics Ltd., GERD IP, Inc., Eventer Technologies Ltd. and Gix Internet Ltd. “Subsidiaries” – Entities under the control of the Company. These interim condensed consolidated financial statements were approved on September 23, 2022. ScoutCam Inc.: ScoutCam Inc. (“ScoutCam”) has executed a number of capital raising transactions during 2020 and 2021, of which the last was a private placement that occurred on March 22, 2021. The aforementioned private placement diluted the Company’s holdings in ScoutCam and lead to a deconsolidation of ScoutCam. and the remaining holdings were accounted for under the equity method. For additional information, see note 4.C. GERD IP, Inc.: On January 13, 2020, together with the Company’s advisor Mr. Kfir Zilberman, the Company formed a subsidiary in Delaware, of which the Company holds 90% of the stock capital, under the name GERD IP, Inc. (“GERD IP”). The Company transferred certain of its patents in consideration for seven capital notes issued to the Company by GERD IP in the amount of USD 2,000 thousand each. Eventer: As of June 30, 2022, the Company holds approximately 46.21% of the issued and outstanding share capital of Eventer Technologies Ltd. (“Eventer”). Eventer is a technology company engaged in the development of tools for automatic creation, management, promotion, and billing of events and ticketing sales. For additional information, see note 4.D. Gix Internet Ltd.: On February 28, 2022the Company purchased additional shares of Gix Internet Ltd. (“Gix Internet”) and the Company holdings interests in Gix Internet increased to 38.03%, and therefore the Company started to consolidate Gix Internet. For additional information, see note 4.F. Charging Robotics: On January 7, 2021, the Company entered into an agreement to purchase a provisional patent filed with the United States Patent and Trademark Office and know-how relating to wireless vehicle battery charging technology. Furthermore, the Company entered into a collaboration agreement with the seller, whereby the Company committed to invest in a newly incorporated wholly owned subsidiary of the Company, Charging Robotics Ltd. (“Charging Robotics”), incorporated on February 1, 2021, which will focus on the Company’s new electric vehicle and wireless charging activities. On February 19, 2021, the Company entered into a venture agreement with Amir Zaid, Weijian Zhou and Charging Robotics, under which the Company formed a venture, under the name Revoltz Ltd., or Revoltz, to develop and commercialize three modular electric vehicle (EV) micro mobility vehicles for urban individual use and “last mile” cargo delivery. For additional information, see note 4.I. Jeffs’ Brands Ltd.: On October 8, 2020, the Company entered into a common stock purchase agreement with Smart Repair Pro, Inc. (“Pro”), Purex, Corp. (“Purex”), and their respective stockholders (the “Pro and Purex SPA”). Pro and Purex both are in the e-Commerce field and operate online stores for the sale of various consumer products on the Amazon online marketplace. The transactions contemplated in the Pro and Purex SPA closed on January 4, 2021. On May 16, 2021, the Company entered into a stock exchange and plan of restructuring agreement with Victor Hacmon, the other shareholder of Pro and Purex, and Jeffs’ Brands Ltd. (“Jeffs’ Brands”), a newly incorporated entity, pursuant to which, among other things, the Company and Victor Hacmon transferred all their holdings in Pro and Purex to Jeffs’ Brands, in return for a consideration of Jeffs’ Brands ordinary shares that were issued respectively. As a result, Pro and Purex became wholly owned subsidiaries of Jeffs’ Brands. The share exchange transaction was accounted for as a reorganization of entities under common control. Accordingly, the carrying values of Purex and Pro were retained through the transaction. As of June 30, 2022, the Company owns 50.03% in Jeffs’ Brands. For additional information, see note 4.E. Interest in other entities: As of June 30, 2022, the Company also owns 40.35% in Parazero TechnologiesLtd. (“Parazero”) (see note 4.L), 37.03% in Polyrizon Ltd. (“Polyrizon”) (see note 4.H), 35.06% in Fuel Doctor Holding Inc. (“Fuel Doctor”) (see note 4.K), 19.7% in Laminera Flow Optimization Ltd. (“Laminera”) (formerly known as ABI Energy Ltd.) (see note 4.M), 5.72% in Elbit Imaging Ltd. (“Elbit Imaging”), 5.63% in Automax Ltd. (“Automax”) (formerly known as Matomy Ltd.) (see note 4.G), 5.02% in ClearMind Medicine, Inc. (“ClearMind”) (see note 4.N) , 5.11% in SciSparc Ltd. (“SciSparc”) (see note 4.O), 2.35% in Safee Cyber Technologies Ltd. (“Safee”), 1.31% in Maris-Tech Ltd. (“Maris”), 0.97% in Colugo Systems Ltd. (“Colugo”) , 0.47% in Safe Foods, Inc. ( “SAFO”) and 0.75% in Tondo Smart Ltd. (“Tondo”). The Company’s ordinary shares were listed on the Tel Aviv Stock Exchange Ltd. (“TASE”) from February 2006 to January 25, 2021, when the Company voluntarily delisted its shares from trading on the TASE. As of May 20, 2015, the Company’s American Depository Shares (“ADSs”) evidenced by American Depositary Receipts (“ADRs”) are listed on the Nasdaq Capital Market. The Company’s depositary agent for the ADR program is the Bank of New York Mellon. The Company’s Series C Warrants have been traded on Nasdaq Capital Market since July 2018. B. As of the approval date of these financial statements, the Company had cash and cash equivalent in the amount of USD 9.4 million, which the Company anticipates will provide sufficient liquidity for more than a twelve-month period from the date of these financial statements. However, since inception, the Company’s activities have been funded mainly by its shareholders. Furthermore, in the recent years the Company has suffered recurring losses from operations, negative cash flows from operating activities, and has an accumulated deficit as of June 30, 2022. As such, the Company’s ability to continue operating may be dependent on several factors, amongst which is its ability to raise sufficient additional funding, which funding may not necessarily be available to the Company, obtained on terms favorable to the Company, or provide the Company with sufficient funds to meet its objectives. C. Effect of Coronavirus The COVID-19 pandemic, including the efforts to combat it, has had and may continue to have a widespread effect on the Company’s business. In response to the pandemic, public health authorities and local and national governments have implemented measures that have and may continue to impact the Company’s business, including voluntary or mandatory quarantines, restrictions on travel and orders to limit the activities of non-essential workforce personnel. As of the date of this report, the COVID-19 (coronavirus) pandemic had made a significant impact on global economic activity, with governments around the world, including Israel, having closed office spaces, public transportation and schools, and restricting travel. These closures and restrictions, if continued for a sustained period, could trigger a global recession that could negatively impact the Company’s business in a material manner. The Company is actively monitoring the pandemic and the Company is taking any necessary measures to respond to the situation in cooperation with the various stakeholders. In light of the evolving nature of the pandemic and the uncertainty it has produced around the world, the Company does not believe it is possible to precisely predict the pandemic’s cumulative and ultimate impact on the Company’s future business operations, liquidity, financial condition and results of operations. For example, travel restrictions have adversely affected the Company’s ability to timely achieve certain milestones included in the Company Agreement with Golden Grand and has delayed the recognition of revenues deriving therefrom. These travel restrictions have also impacted the Group sales and marketing efforts and those of the Company subsidiaries. In addition, a substantial portion of Eventer’s business relates to leisure event management, the scope of which was greatly reduced in the past as a result of governmental policies and measures tailored to address to spread of COVID-19. The extent of the impact of the pandemic on the Company business and financial results will depend largely on future developments, including the duration of the spread of the outbreak and any future “waves” of the outbreak, globally and specifically within Israel and the United States. In addition, the extent of the impact on capital and financial markets, foreign currencies exchange and governmental or regulatory orders that impact the Company business are highly uncertain and cannot be predicted. If economic conditions generally or in the industries in which the Company operate specifically, worsen from present levels, the Company results of operations could be adversely affected and the Company financial condition will depend on future developments that are highly uncertain and cannot be predicted, including new government actions or restrictions, new information that may emerge concerning the severity, longevity and impact of the COVID-19 pandemic on economic activity. D. Russia-Ukraine War |
Basis for Preparation of the In
Basis for Preparation of the Interim Condensed Consolidated Financial Statements | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure Of Basis Of Preparation Of Financial Statements Text Block Abstract | |
BASIS FOR PREPARATION OF THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | NOTE 2 - BASIS FOR PREPARATION OF THE INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS A. The Group’s interim condensed consolidated financial information as of June 30, 2022, and for the six-month interim periods ended on that date (hereinafter - “The Interim Financial Information”) has been prepared in accordance with the guidance of IAS 34 ‘Interim Financial Reporting’. The Interim Financial Information has been prepared on the basis of the accounting policies adopted in the Group’s audited consolidated financial statements for the year ended December 31, 2021 (“Annual Financial Statements”), which were prepared in accordance with International Financial Reporting Standards which are standards and interpretations thereto issued by the International Accounting Standard Board (hereinafter “IFRS”). This Interim Financial Information should be read in conjunction with the 2021 Annual Financial Statements and notes thereto issued on April 29, 2022. The Interim Financial Information is unaudited, does not constitute statutory accounts and does not contain all the information and footnotes required by accounting principles generally accepted under International Financial Reporting Standards for annual financial statements. B. Estimates: The preparation of the interim condensed consolidated financial statements requires the Group’s management to exercise judgment and also requires use of accounting estimates and assumptions that affect the application of the Group’s accounting policies and the reported amounts of assets, liabilities, revenues and expenses. Actual results could differ from those estimates. In the preparation of these interim condensed consolidated financial statements, the significant judgments exercised by management in the application of the Group’s accounting policies and the uncertainty involved in the key sources of those estimates were identical to the ones used in the Group’s 2021 Annual Financial Statements. C. Implementation of amendments to existing accounting standards: On 14 May 2020, the IASB issued ‘Property, Plant and Equipment — Proceeds before Intended Use (Amendments to IAS 16)’ regarding proceeds from selling items produced while bringing an asset into the location and condition necessary for it to be capable of operating in the manner intended by management. The amendments are effective for annual reporting periods beginning on or after 1 January 2022. The Amendment has no material impact on the financial position or results of operations. D. Seasonal fluctuations: In connection with the Company subsidiary, Eventer, there is an increase in events scheduled during the holiday season in Israel, which typically occurs in September and October, and which corresponds to an increase in ticket sales. In connection with the Company subsidiary, Jeffs’ Brands, the fourth quarter of each fiscal year typically yields significant activity due to the holiday season. As a result, revenue generally declines and loss from operations generally increases in the first quarter sequentially from the fourth quarter of the previous year. In connection with the Company subsidiary, Gix Internet, the digital advertising industry is mostly unaffected by seasonality. However, there is a seasonal trend in which the fourth quarter is characterized by higher activity and the average first quarter is characterized by lower activity. As a rule, advertising campaigns take place throughout the year in high intensity, and therefore the seasonality trend is not significant in the field of activity. This seasonality is due, among other things, to changes in the large advertising budgets, usually towards the end of each quarter and sub-year. valid, towards the end of each year. In addition, the last quarter of the year includes many leading events, causing an increase in online advertising budgets. |
Financial Instruments and Finan
Financial Instruments and Financial Risk Management | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure Of Financial Risk Management Text Block Abstract | |
FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT | NOTE 3 - FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT Estimates of fair value: Financial assets: Level 1 financial instruments: Fair value measurements based on quoted prices (unadjusted) in active markets (level 1): June 30, December 31, 2022 2021 Level 1 USD in thousands Investment in SAFO 40 53 Investment in Tondo 161 429 Investment in SciSparc 866 911 Investment in Maris 114 - Investment in Automax – bonds 9 - Investments in Automax –shares 1,424 1,676 2,614 3,069 As of June 30 ,2022 the investments were classified as short-term investments. As of December 31, 2021 the were classified as short-term investments. The following table presents the Level 1 financial assets roll-forward: SAFO TONDO SciSparc Maris Automax Automax – Total USD in thousands Balance as of January 1, 2022 53 429 911 - 1,676 - 3,069 Purchase of securities - - 32 75 - 69 176 Net change in fair value of financial assets at fair value recognized through profit or loss (13 ) 36 (77 ) (208 ) (65 ) - (327 ) Sale of securities - (344 ) - - - (60 ) (404 ) Realized gain - 67 - - - 1 68 Currency exchange differences - (27 ) - - (187 ) (1 ) (215 ) Transfer from level 3 to level 1 - - - 247 - - 247 Balance as of June 30, 2022 40 161 866 114 1,424 9 2,614 The following table presents the Level 1 financial assets roll-forward: SAFO Tondo SciSparc ltd Automax Total Balance as of January 1, 2021 113 - - - 113 Initial recognition at fair value upon dilution of equity investment - - - 1,553 1,553 Purchase of securities - 472 825 279 1,576 Sale of securities - (42 ) - (42 ) Net change in fair value of financial assets at fair value recognized through profit or loss (60 ) (1 ) 86 (156 ) (131 ) Balance as of December 31, 2021 53 429 911 1,676 3,069 Level 3 financial instruments: The Company has several financial assets measured at fair value through profit or loss, which meet the level 3 criteria. The following table presents the level 3 fair value financial assets: June 30, December 31, 2022 2021 Level 3 USD in thousands Maris Investment* - 246 Safee investment 400 400 Maris warrants 42 57 Polyrizon warrants 512 516 Laminera (see note 4.M) - 126 Anti-dilution – Gix Internet - 469 SAFO warrants 32 34 ClearMind (see note 4.N) 1,296 - Parazero-SAFE ) see note 4.L) 521 - Polyrizon- SAFE (see note 4.H) 314 - Colugo investment 400 - 3,517 1,848 * Classified as short-term investments. The following table presents the Level 3 financial assets roll-forward: Maris Polyrizon Laminera Anti- Safee SAFO Clear Mind Parazero -SAFE Polyrizon - SAFE Colugo Total USD in thousands Balance as of January 1, 2022 303 516 126 469 400 34 - - - - 1,848 Initial recognition of financial asset 25 - - - - - 1,250 521 314 400 2,510 Net change at fair value recognized through profit or loss (39 ) (4 ) 507 (460 ) - (2 ) 68 - - - 67 Transfer from level 3 to level 1 (247 ) - - - - - - - - - (247 ) Transfer to equity investment treatment - - (633 ) - - - - - - - (633 ) Currancy exchange differences - - - (9 ) - - (22 ) - - - (31 ) Balance as of June 30, 2022 42 512 - - 400 32 1,296 521 314 400 3,517 The following table presents the Level 3 financial assets roll-forward: Gix Gix Internet ScoutCam Maris Conversion Polyrizon Laminera Anti- SAFO Total USD in thousands Balance as of January 1, 2021 2,438 14 - - 1,393 - - 473 98 4,416 Initial recognition at fair value of ScoutCam warrants upon deconsolidation (note 4.C) - - 97 - - - - - - 97 Exercise of warrants (note 4.C) - - (51 ) - - - - - - (51 ) Initial recognition of financial asset - - - 240 - - 126 - - 366 Net changes at fair value recognized through profit or loss 373 (14 ) (46 ) 63 213 516 - (4 ) (64 ) 1,037 Exercise of Conversion Right (see note 4.F) (2,811 ) - - - (1,606 ) - - - - (4,417 ) Balance as of December 31, 2021 - - - 303 - 516 126 469 34 1,448 Valuation processes of the Group: Set forth below are details regarding the valuation processes of the Group as of June 30, 2022: 1) Warrants issued on November 28, 2017: as part of a direct offering - the Company used the Black-Scholes model, using the following principal assumptions: expected volatility of 64.64%, risk-free interest of 0.19%, expected term of 5.5 years following the grant date. The liability amount is adjusted at each statement of financial position date based on the then relevant assumptions, until the earlier of full exercise or expiration. Series C warrants - financial instruments measured at fair value through profit or loss. 2) Investment in SAFO, Tondo, SciSparc, Automax (shares and bonds), Maris were measured according to their quoted price as of the cut-off date. 3) Safee investment - on October 12, 2021, the Company invested in Safee. Since Safee is a small private company, which does not raise funds on a regular basis and does not have significant activity that indicates a change in fair value, the Company assumes that there is no reason to believe there is a material change in value and the investment value adequately represents the fair value at the reporting date. This assumption is reviewed at each cut-off date. 4) Colugo investment - on January 27, 2022, the Company invested in Colugo. Since Colugo is a small private company, which does not raise funds on a regular basis and does not have significant activity that indicates a change in fair value, the Company assumes there is no reason to believe there is a material change in value and the investment value adequately represents the fair value at the reporting date. This assumption is reviewed at each cut-off date. 5) Maris investment - on March 24, 2021, the Company invested in Maris. On February 01, 2022 Maris completed initial public offering of units consisting of warrants and shares for USD 4.2 per unit and started to trade on Nasdaq. The fair value of the warrants was calculated using the Black & Scholes option price model, based on the following assumptions: share price: USD 1.11, expected volatility of 102.37%, risk-free interest of 3%, expected term of 5 years following the grant date. 6) SAFO warrants - the Company used the Black-Scholes model, using the following principal assumptions: share price: USD 7.56, expected volatility of 89.84%, risk-free interest of 0.97%, expected term of 3 years following the grant date. The asset amount is adjusted at each statement of financial position date based on the then relevant assumptions, until the earlier of full exercise or expiration. 7) Polyrizon Options - the Original Option (as defined in Note 4H) was measured at fair value through profit and loss and was calculated using the Black & Scholes option price model. The Original Option and the Alternative Option (as defined in Note 4H) was calculated based on management’s expectations for the IPO scenario. Non-IPO scenario: share price: USD 0.0544, expected volatility of 80.69%, risk-free interest of 2.8%, expected term of 2.77 years following the grant date. IPO scenario: share price: 120% of expected IPO share price, expected volatility of 98.86%, risk-free interest of 3%, expected term of 3.55 years following the grant date. 8) ClearMind investment – On February 3, 2022, the Company invested in ClearMind USD 1.25 thousands in consideration for 1,987,344 units, comprised of one Common Share and one warrant to purchase one Common Share. Additionally, each warrant will be exercisable for a period of 18 months into one additional Common Share at an exercise price of CAD $2.00 per share. The transaction closed on April 25, 2022. The agreement also includes anti-dilution rights, related only to the cash investment, according to which the Company shall receive, for no consideration, additional securities to maintain its fully-diluted ownership percentage. The fair value of the warrants was calculated using the Black & Scholes option price model, based on the following assumptions: share price: USD 1.57, expected volatility of 107.46%, risk-free interest of 1.43%, expected term of 18 months following the grant date. The fair value of the anti-dilution rights was calculated using the Binomial option pricing model based on the following assumptions: risk-free interest of 3.1%, expected term of 18 months following the grant date, amount and probability for the next round. 7) Parazero SAFE and Polyrizon SAFE - financial instruments measured at their cost value, which as of the cut-off date is equal to the fair value. Valuation processes of the Group: Set forth below are details regarding the valuation processes of the Group as of December 31, 2021: 1) Warrants issued on December 6, 2016: as part of a registered direct offering - the Company used the Black-Scholes model, using the following principal assumptions: expected volatility of 63.32%, risk-free interest of 0.19%, expected term of 5.5 years following the grant date. The liability amount is adjusted at each statement of financial position date based on the then relevant assumptions, until the earlier of full exercise or expiration. Warrants issued on March 29, 2017: as part of a public offering - the Company used the Black-Scholes model, using the following principal assumptions: expected volatility of 63.2%, risk-free interest of 0.19%, expected term of 5 years following the grant date. The liability amount is adjusted at each statement of financial position date based on the then relevant assumptions, until the earlier of full exercise or expiration. Warrants issued on November 28, 2017: as part of a direct offering - the Company used the Black-Scholes model, using the following principal assumptions: expected volatility of 63.2%, risk-free interest of 0.19%, expected term of 5.5 years following the grant date. The liability amount is adjusted at each statement of financial position date based on the then relevant assumptions, until the earlier of full exercise or expiration. Series C warrants - financial instruments measured at fair value through profit or loss. 2) Anti-dilution feature - the Company used the Black-Scholes model, using the following principal assumptions: share price: NIS 1.45, 25% probability for the occurrence of an anti-dilution event, expected volatility of 46.85%, risk-free interest of 0.67%, expected term of 3 years following the issuance date. 3) ScoutCam warrants- the Company used the Black-Scholes model, using the following principal assumptions: share price of USD 6.3, expected volatility of 49.5%, risk-free interest of 0.65%, expected term of 3 years following the grant date. The asset amount is adjusted at each statement of financial position date based on the then relevant assumptions, until the earlier of full exercise or expiration. 4) Gix Internet warrants - the Company used the Black-Scholes model, using the following principal assumptions: share price of NIS 1.45, expected volatility of 46.85%, risk-free interest of 0.67%, expected term of 3 years following the grant date. The asset amount is adjusted at each statement of financial position date based on the then relevant assumptions, until the earlier of full exercise or expiration. 5) Investment in SAFO, Tondo, SciSparc and Automax - financial instruments measured at fair value through profit or loss. 6) Safee investment - on October 12, 2021 the Company invested in Safee. Since Safee is a small private company, which does not raise funds on a regular basis and does not have significant activity that indicates a change in fair value, the Company assumes that there is no reason to believe there is a material change in value and the investment value adequately represents the fair value at the reporting date. This assumption is reviewed at each cut-off date. 7) Maris investment - on March 24, 2021 the Company invested in Maris. On February 01, 2022 Maris completed initial public offering of units consisting of warrants and shares for USD 4.2 per unit and started to trade on Nasdaq at USD 3.15 per share. The Company assumed the share price as of the first trading date of Maris shares represents the fair value of Maris shares as of December 31, 2021. The fair value of the warrants was calculated using the Black & Scholes option price model, based on the following assumptions: Non-IPO scenario: share price: USD 3.15, expected volatility of 63.2%, risk-free interest of 0.24%, expected term of 2.5 years following the grant date. IPO scenario: share price: USD 3.15, expected volatility of 55.81%, risk-free interest of 0.81%, expected term of 5 years following the grant date. 8) SAFO warrants- the Company used the Black-Scholes model, using the following principal assumptions: share price: USD 7.56, expected volatility of 78.86%, risk-free interest of 0.97%, expected term of 3 years following the grant date. The asset amount is adjusted at each statement of financial position date based on the then relevant assumptions, until the earlier of full exercise or expiration. 9) Polyrizon Options- the Original Option (as defined in note 3H) was measured at fair value through profit and loss and was calculated using the Black & Scholes option price model. The Original Option and the Alternative Option (as defined in note 3H) was calculated based on management’s expectations for the IPO scenario. Non-IPO scenario: share price: USD 0.0544, expected volatility of 87.86%, risk-free interest of 0.85%, expected term of 2.77 years following the grant date. IPO scenario: share price: 120% of expected IPO share price, expected volatility of 93.76%, risk-free interest of 0.97%, expected term of 3.55 years following the grant date. Financial liabilities: Level 1 financial instruments: As of June 30, 2022, and December 31, 2021, the Group has financial liability measured at level 1 – Warrants C (see note 8(a)(2)). The fair value of financial instruments traded in active markets is based on quoted market prices at the statement of financial position date. A market is regarded as active if quoted prices are readily and regularly available from an exchange, dealer, broker, industry group, pricing service, or regulatory agency, and those prices represent actual and regularly occurring market transactions on an arm’s length basis. Level 3 financial instruments: The Company has several financial liabilities measured at fair value through profit or loss, which meet the level 3 criteria as of June 30, 2022, and as of December 31, 2021, – warrants issued to investors (see note 8(2) and commitment to issue warrants to lenders of Jeffs’ Brands upon IPO (see note 4E)). The following table presents the financial liabilities that were measured at fair value: June 30 2022 December 31 2021 Level 1 Level 3 Total Level 1 Level 3 Total USD in thousands USD in thousands Financial liabilities at fair value through profit or loss - Fair value of warrants 654 200 854 555 137 692 |
Interest in Other Entities
Interest in Other Entities | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure Of Significant Judgements And Assumptions Made In Relation To Interests In Other Entities Text Block Abstract | |
INTEREST IN OTHER ENTITIES | NOTE 4 - INTEREST IN OTHER ENTITIES: A. Investments in subsidiaries: 1. Additional information about subsidiaries held by the Company: General information Main place business Ownership % As of June 30, 2022 Jeffs’ Brands Ltd. Israel 49.97 % Eventer Ltd. Israel 53.79 % Charging Robotics Ltd. Israel - GERD IP Inc USA 10 % Gix Internet Ltd Israel 57.31 % As of December 31, 2021 Jeffs’ Brands Ltd. Israel 49.97 % Eventer Ltd. Israel 52.31 % Charging Robotics Ltd. Israel - GERD IP Inc USA 10 % 2. Summarized financial information of subsidiaries Eventer Ltd. Summarized statement of financial position: June 30, December 31, USD in thousands (*) Current assets 3,618 3,469 Non-current assets 1,379 1,521 Current liabilities 4,110 3,571 Non-current liabilities 580 711 Equity 307 708 (*) Translated according to the closing exchange rates as of the date of each statement of financial position Summarized statement of comprehensive income: Six months Six months Year ended USD in thousands (**) Revenue 1,472 459 1,185 Net loss for the period (587 ) (1,215 ) (2,612 ) Summarized statement of cash flows: Six months Six months Year ended USD in thousands (**) Cash flow used in operating activities 1,235 858 127 Cash flow used in investing activities (6 ) (131 ) (211 ) Cash flow from financing activities (146 ) 800 824 Gain (losses) from exchange differences on cash and cash equivalents (288 ) 18 38 Net increase in cash and cash equivalents 795 1,545 778 (**) translated at average exchange rates for each period. Jeffs’ Brands Ltd. Summarized statement of financial position: June 30, December 31, USD in thousands Current assets 1,986 2,022 Non-current assets 5,607 5,390 Current liabilities 3,775 2,211 Non-current liabilities 3,136 3,948 Equity 682 1,253 Summarized statement of comprehensive income: Six months Six months Year ended USD in thousands Revenue 2,343 1,910 6,509 Net loss for the period (1,526 ) (851 ) (1,540 ) Summarized statement of cash flows: Six months January 4, 2021- June 30, 2021 Year ended USD in thousands Cash flow used in operating activities (1,054 ) (174 ) (863 ) Cash flow used in investing activities (3 ) (4,728 ) (4,730 ) Cash flow from financing activities 731 4,761 5,695 Net (decrease) increase in cash and cash equivalents (326 ) (141 ) 102 Gix Internet Summarized statement of financial position: June 30, December 31, USD in thousands (*) Current assets 24,175 23,145 Non-current assets 17,908 19,191 Current liabilities 26,589 26,832 Non-current liabilities 5,130 6,543 Equity 10,364 8,960 Equity attributable to Gix Internet shareholders 5,937 4,130 Non-controlling interests 4,427 4,830 (*) Translated according to the closing exchange rates as of the date of each statement of financial position Summarized statement of comprehensive income: March 31, January 01, 2022- Six months Year USD in thousands (**) Revenue 31,144 4,234 16,348 44,827 (Loss) profit for the period 164 (439 ) (870 ) (1,510 ) Other comprehensive (loss) profit 478 222 185 (396 ) Total comprehensive (loss) profit 642 (217 ) (685 ) (1,905 ) Summarized statement of cash flows: February 28, USD Cash flow used in operating activities 989 Cash flow used in investing activities (9 ) Cash flow from financing activities 1,661 Gain from exchange differences on cash and cash equivalents 51 Net increase in cash and cash equivalents 2,692 (**) translated at average exchange rates for each period. 3. Information related to non-controlling interests: Balance of Non-controlling interests: June 30, December 31, USD in thousands Gix Internet 6,439 - Eventer 808 1,136 Jeffs’ Brands 650 965 Charging Robotics 91 91 Gerd IP 59 51 8,047 2,243 Profit (loss) attributed to non-controlling interests: Six months Six months Year USD in thousands ScoutCam - (892 ) (892 ) Eventer (307 ) (609 ) (1,112 ) Jeff Brands (793 ) (382 ) (795 ) Gerd IP 7 25 51 Gix Internet (65 ) - - (1,158 ) (1,858 ) (2,748 ) 4. Additional information: On March 22, 2021, the Company’s holdings in ScoutCam were diluted, therefore it was deconsolidated. For additional information see note 4C. The Company consolidated Eventer Ltd. since October 14 ,20202, although its holding in voting right is less than 50%, because the Company has exclusive rights according to agreement regarding determination of a business plan and budget, appointment or dismissal of the CEO and determination of his compensation package and declaration or payment of any dividend or distribution of cash, securities and other assets. Additionally, the Company has the power to appoint or remove half of the members of the board. All of the above indicate the Company’s control of Eventer. The Company consolidates Gix Internet since February 28, 2022, although its holding in voting right is less than 50% for the following reasons: the increase in the Company holdings interests to 38.03% on February 28 , 2022 , making the company the largest shareholder in Gix Internet, also on a fully diluted basis, therefore Gix’s other shareholders can’t prevent the Company from appointing more than half of the members of the Board of directors. All of the above indicate the Company’s control of Gix Internet. B. Investment according to the equity method: 1. This table summarize the total investment according to the equity method: June 30, December 31, USD in thousands ScoutCam (see note 4C) 9,662 10,735 Gix Internet (see note 4F) - 4,867 Parazero (see note 4L) 1,300 - Laminera (see note 4M) 1,252 - Polyrizon (see note 4H) 288 447 Elbit imaging (see note 4J) 720 975 Fuel Doctor (see note 4K) - - Revoltz (see note 4I) 185 216 Total 13,407 17,240 2. General information: Main place Company % As of June 30, 2022 Parazero Israel 40.35 % Laminera Israel 19.7 % Polyrizon Israel 36.81 % ScoutCam Israel 27.02 % Elbit Imaging Israel 5.72 % Fuel Doctor Israel 35.06 % Revoltz Israel 19.9 % As of December 31, 2021 Gix Internet Israel 34.58 % Polyrizon Israel 36.81 % ScoutCam Israel 27.02 % Elbit Imaging Israel 5.72 % Fuel Doctor Israel 35.06 % Revoltz Israel 19.9 % 3. Summarized financial information of material investments: ScoutCam Inc. Summarized statements of financial position: June 30, December 31, USD in thousands Current assets 17,968 20,212 Non-current assets 3,095 3,334 Current liabilities 2,656 1,309 Non-current liabilities 2,894 2,621 Equity 15,513 19,616 Summarized statement of comprehensive income: Six months Three months ended Nine months Three months USD in thousands Revenue 372 274 363 24 Net Loss for the period (5,560 ) (2,088 ) (7,381 ) (1,606 ) (*) ScoutCam was deconsolidated on March 31, 2021 and is accounted for as a material equity investment as of April 1, 2021. For additional information see note 4.C. Summarized statement of cash flows: Three months ended USD in thousands Cash flow used in operating activities (774 ) Cash flow used in investing activities (117 ) Cash flow from financing activities 10,281 Gain (losses) from exchange differences on cash and cash equivalents (12 ) Net increase in cash and cash equivalents 9,378 4. Fair value of investments in material affiliated companies for which there is a market price on the stock exchange: June 30, 2022 December 31, 2021 Carrying amount Quoted fair value Carrying amount Quoted fair value USD in thousands ScoutCam 9,662 10,585 10,735 15,397 Elbit Imaging 723 809 975 975 C. ScoutCam Inc. On December 30, 2019, the Company and ScoutCam consummated a securities exchange agreement (the “Exchange Agreement”), pursuant to which the Company delivered 100% of its holdings in ScoutCam Ltd to ScoutCam in exchange for shares of ScoutCam’s common stock representing 60% of the issued and outstanding share capital of ScoutCam immediately upon the consummation of the Exchange Agreement. Additionally, if ScoutCam achieves an aggregate amount of USD 33 million in sales within the first three years immediately after the Exchange Agreement (“milestone”), ScoutCam will issue to the Company 298,722 shares of ScoutCam’s common stock, which represents 10% of the ScoutCam’s issued and outstanding share capital as of the Exchange Agreement. As of June 30, 2022, the milestone has not yet occurred. As of January 1, 2021, after several financing rounds in ScoutCam ,in which the Company did not participate, the Company’s holding interest in ScoutCam reduced to 46.03% On March 22, 2021, ScoutCam Inc. issued to investors (the “Investors”) 2,469,156 units (the “Units”) in exchange for an aggregate purchase price of USD 20 million. Each Unit consists of (i) one share of ScoutCam Inc.’s common stock, and (ii) one warrant to purchase one share of ScoutCam Inc. common stock with an exercise price of USD 10.35 per share (the “Warrant” and the “Exercise Price”). Each Warrant is exercisable until the close of business on March 31, 2026. Pursuant to the terms of the March 2021 Warrant, following April 1, 2024, if the closing price of ScoutCam’s common stock equals or exceeds 135% of the Exercise Price (subject to appropriate adjustments for stock splits, stock dividends, stock combinations and other similar transactions after the issue date of the Warrants) for any thirty (30) consecutive trading days, ScoutCam may force the exercise of the Warrants, in whole or in part, by delivering to the Investors a notice of forced exercise. As the Company did not participate in the March 2021 funding, its interest in ScoutCam Inc. reduced to 28.06%, which resulted in loss of control in ScoutCam as of April 2021. Accordingly, ScoutCam was deconsolidated as of such date and accounted for using the equity method, with the purchase price being the fair value of ScoutCam’s shares held by ScoutCam as of such date. As a result of deconsolidation of ScoutCam and initial recognition of the investment in shares of ScoutCam at fair value, the Company recorded a gain of USD 11,465 in the consolidated statement of income/loss and other comprehensive income/loss. Additionally, the Company recognized its holdings in ScoutCam’s warrants as financial asset through profit and loss and recorded an additional gain of USD 97 thousand (see note 3). On August 9, 2021, ScoutCam amended its Articles of Incorporation to affect a 9 to 1 reverse stock split of ScoutCam’s outstanding Common Stock. As a result of the reverse stock split, every 9 shares of ScoutCam’s outstanding Common Stock prior to the effect of that amendment was combined and reclassified into one share of the Company’s Common Stock. No fractional shares were issued in connection with or following the reverse split. The number of the Company’s authorized common stock and par value of the shares remained unchanged. All share and stock option information related to ScoutCam, have been adjusted to reflect the stock split on a retroactive basis. During February and June 2021, the Company exercised 37,349 and 43,749 Warrants A, respectively, for a total exercise price of USD 234 thousand. In addition, 185,271 Warrants B were exercised by others. During November 2021, 192,220 Warrants A were exercised. During 2021, 878,462 Warrants B were expired. As of December 31, 2021, all Warrants A were exercised, and 459,137 Warrants B remained and expired on May 18, 2022 As of December 31, 2021 and As of June 30, 2022, the Company owns approximately 27.02% of the outstanding common stock of ScoutCam. Purchase price allocation upon deconsolidation and initial measurement under the equity method: March 31, USD Fair value of investment 11,843 Total consideration 11,843 ScoutCam’s equity as of March 31, 2021 22,338 Adjustments to equity (5,445 ) Equity as adjusted 16,893 Groups share in % 28.06 % 4,740 Excess cost to allocate: 7,103 Technology 1,672 Deferred tax liability (385 ) Total intangible assets identified 1,287 Excess purchase price to allocate to goodwill 5,816 Activity in investment account: Six months USD Investment as of December 31, 2021 10,735 Group share in losses (1,502 ) Excess cost amortization-technology (62 ) Share based compensation 394 Group share in expired options 98 Investment as of June 30, 2022 9,662 Activity in investment account: April 1, USD Investment as of April 1, 2021 11,843 The Company’s share in ScountCam’s loss for the three month ended June 30, 2021 (226 ) Exercise of warrants by the Group 234 Investment as of June 30, 2021 11,851 Activity in investment account: April 1, USD Investment as of April 1, 2021 11,843 Group share in losses (2,044 ) Excess cost amortization-technology (96 ) Share based compensation 540 Exercise of warrants by the Group 234 Group share in exercise warrants by others 218 Group share in expired options 32 Additional investment allocated to goodwill 8 Investment as of December 31, 2021 10,735 Reconciliation to carrying amounts: June 30, USD Equity attributable to ScoutCam 15,512 Adjustments to equity (4,521 ) Equity as adjusted as of June 30, 2022 10,991 Groups share in % 27.02 % Group share 2,970 Balance of excess cost: Technology, net of deferred tax 1,084 Goodwill 5,608 Balance as of June 30, 2022 9,662 Reconciliation to carrying amounts: June 30, Equity attributable to ScoutCam shareholders’ as of June 30, 2021 22,482 Groups share in % 27.76 % Group share 6,241 Fair value adjustments 5,610 Carrying amount 11,851 Reconciliation to carrying amounts: December 31, USD Equity attributable to ScoutCam 19,615 Adjustments to equity (4,883 ) Equity as adjusted as of December 31, 2021 14,732 Groups share in % 27.02 % Group share 3,981 Balance of excess cost: Technology, net of deferred tax 1,146 Goodwill 5,608 Balance as of December 31, 2021 10,735 D. Eventer Technologies Ltd. On October 14, 2020, the Company signed a share purchase agreement and a revolving loan agreement with Eventer, a technology company engaged in the development of unique tools for automatic creation, management, promotion, and billing of events and ticketing sales. Pursuant to the share purchase agreement, the Company invested USD 750 thousand and were issued an aggregate of 325,270 ordinary shares of Eventer, representing 58.7% of the issued and outstanding share capital. The share purchase agreement provides that the Company will invest an additional USD 250 thousand in a second tranche, subject to Eventer achieving certain post-closing EBITDA based milestones during the fiscal years 2021 through 2023, or the “Milestones”. The Milestone will be examined in each of the years 2021 through 2023. The fair value of the earn-out was calculated by using a Monte Carlo Simulation. According to this model, the fair value of the earn-out was NIS 233 thousand (USD 69 thousand) as of October 14, 2020. In addition, the Company granted a loan to Eventer in the amount of USD 250 thousand (“Initial Advance”), and the loan was valued at USD 204 thousand. According to the loan agreement, the Company committed to lend up to USD 1,250 thousand to Eventer through advances of funds upon Eventer’s request and subject to the Company approval. The Company extended the Initial Advance on account of its commitment to lend up to USD 1,250 thousand. Advances extended under the Loan Agreement may be repaid and borrowed, in part or in full, from time to time. The Initial Advance should be repaid in twenty-four equal monthly installments, commencing on the first anniversary of the Loan Agreement. Other advances extended under the Loan Agreement will be repaid immediately following, and in no event later than thirty days following the completion of the project or purpose for which they were made. Outstanding principal balances on the advances will bear interest at a rate equal to the higher of (i) 4% per year, or (ii) the interest rate determined by the Israeli Income Tax Ordinance [New Version] 5721-1961 and the rules and regulation promulgated thereunder. Interest payments will be made on a monthly basis. On March 25, 2021, Eventer completed a finance round of an USD 2,250 thousand (NIS 7,300 thousand) from a group of 7 investors, in exchange for 146,637 shares, representing 20% of Eventer’s outstanding shares after consummation of the investment. As part of the investment agreement, Keshet Holdings LP (“Keshet”), one of the 7 investors, committed to provide Eventer with advertising services for USD 1,250 thousand (approximately NIS 4,000 thousand), over a period of 1 year, until June 30, 2022. The agreement further indicated that the investment proceeds which paid by Keshet to be netted by USD 1,250 thousands that will be paid for the above-mentioned advertising services. Eventer is not entitled to a refund in the event these advertising services are unutilized through the entire period until June 30, 2022. Following lack of usage of advertising services by Eventer till 30 June, 2022 Eventer and Keshet agreed to extend the entitlement period till December 31, 2022, such that the original volume would be utilized. As the extension in time period is not entitling Eventer to additional advertisement services, there is no additional benefit given to Eventer . Consequently, the Company held 47.69% of Eventer issued and outstanding share capital. The transaction was accounted for in the Group’s consolidated financial statements as a transaction with non-controlling interest. Additionally, If in the following twelve months of the closing, Eventer shall not consummate an IPO, then the price per share (“PPS “) shall be adjusted downward to reflect 50% of the PPS at the time of the closing Date (the “Adjusted PPS”), and the Investors shall be issued with additional Ordinary Shares of Eventer reflecting the balance between (x) such number of Ordinary Shares that would have been otherwise issued to Investor assuming that Adjusted PPS had been in effect on the closing Date, and (y) the actual number of Ordinary Shares issued to Investor at the closing Date, at no additional consideration. The Adjusted PPS is relevant only for cash investment. Eventer didn’t consummate an IPO, therefore On May 25, 2022, Eventer issued to the investors 65,310 shares from which the Company received 19,518 shares. The company’s holding in Eventer decreased to 46.21% from that date. The transaction was accounted for in the Group’s consolidated financial statements as a transaction with non-controlling interest. During November 2021, the Company and Eventer agreed that the Initial Advance loan will be repaid the earlier of (i) Six months following the Maturity Date of the Initial Advance; or (ii) immediately following an initial public offering of Eventer. The Company concluded the change in terms does not constitute a material modification of the loan. Accordingly, the loan’s carrying value was retained and no profit or loss outcome was recorded as a result of the change in terms. During November 2021, the Company loaned an amount of USD 250 thousands to Eventer which shall be repaid 6 months starting the loan received by Eventer. The loan will bear 4% interest per year. The Company is in process of updating the term of the loan. Agreement with Screenz Cross Media Ltd. On February 4, 2021, Eventer signed an addendum to the agreement with Screenz Cross Media Ltd. (a company indirectly controlled and managed by Eli Uzan who serves as Eventer’s President) (hereafter “Screenz”). The agreement was signed during November 2020 for the purpose of collaborating in the field of virtual conferences. According to the provisions of the addendum to the agreement, Eventer will receive an exclusive license for using the broadcasting system of Screenz with respect to the field of virtual conferences and development services, and in exchange will pay Screenz an amount of USD 1,500 thousand (approximately NIS 4,280 thousand) over a period of eight months, as well as 8% from the revenues earned from using the broadcasting system in the field of virtual conferences. On December 30, 2021, the Board of Directors approved an amendment to the agreement between Eventer and Screenz effective September 30 On March 20, 2022, Screenz agreed to Eventer’s request to reduce payments to USD 25 thousands per month. (The reduced amount will accrue as a debt to Screenz and will be paid prior to the earlier of consummation an IPO or by the end of 2022. As of December 31, 2021, and June 30, 2022 the balance of the Eventer’s debt to Screenz for the license is a total of USD 1,217 thousand and USD 1,110 thousand, respectively. For additional information see note 10. Deferred offering costs During 2021 Eventer recorded USD 470 as deferred offering costs. During the six months ended June 30, 2022, Eventer recorded the deferred offering cost as expense. Share based compensation grants On March 30, 2021, Eventer’s, Board of Directors approved a contractual agreement with Eventer’s CEO. The date of the commencement of the agreement is January 1, 2021. The CEO will be entitled to a salary of NIS 33 thousand. In addition, Eventer granted the CEO 29,944 options to purchase one share at an exercise price of 0.001 NIS per share. The options shall vest over a period of three years commencing from the engagement date with 1/12 of such options vesting at the end of each subsequent three-month period following the grant. The fair value of the option granted is estimated on the grant date, using the Black-Scholes Model using the following inputs: (a) risk-free interest rate– 0.15%; (b) expected dividend – 0%; (c) expected volatility – 47.02%; (d) forecasted life – 10 years. The value of this grant was estimated at approximately NIS 1,668 thousand. For the year ended December 31, 2021, approximately NIS 1,123 thousand were recognized and recorded as expenses. For the six months ended June 30, 2022, approximately NIS 254 thousand were recognized and recorded as expenses. On March 30, 2021, Eventer’s Board of Directors approved a contractual agreement with Round Robin Ltd. which one of the founding partners of Eventer. The date of the commencement of the agreement is January 1, 2021. Under the agreement, Round Robin Ltd. will provide Eventer with 12 monthly hours of technological consulting, and in exchange, Eventer will grant Round Robin Ltd. 29,944 options to purchase one share at exercise price of 0.001 NIS per share. The options shall vest over a period of three years commencing the engagement date with 1/12 of such options vesting at the end of each subsequent three-month period following the grant. The fair value of the option granted is estimated on the grant date, using the Black-Scholes Model, according to the following parameters: (a) risk-free interest rate – 0.15%; (b) expected dividend – 0%; (c) expected volatility – 47.02%; (d) forecasted life – 10 years. The value of this grant was estimated at approximately NIS 1,668 thousand. For the year ended December 31, 2021, approximately NIS 1,123 thousand were recognized and recorded as expenses. For the six months ended June 30, 2022, approximately NIS 254 thousand were recognized and recorded as expenses. On February 4, 2021, Eventer’s Board of Directors approved a contractual agreement with Mr. Roee Grinblat as Eventer’s Chief Business Manager. According to the agreement, the engagement between the Eventer and Mr. Greenblatt commenced on January 1, 2021. The monthly professional fee will be approximately NIS 20 thousand. In addition to the professional fee, Eventer will grant a quantity of shares that will constitute approximately 2% of Eventer’s issued and outstanding capital immediately after the public offering is completed as options grant. The options shale vest over a period of three years commencing the engagement date with 1/12 of such options vesting at the end of each subsequent three-month period following the grant. The exercise price of 50% of the options will be equal to the public offering and 50% will equal the share price of the capital raising round that preceded the public offering price. The fair value of the options as at the grant date was estimated on the grant date, using the Black-Scholes Model, according to the following parameters: (a) risk-free interest rate– 0.49%; (b) expected dividend – 0%; (c) expected volatility – 47.02%; (d) forecasted life – 5 years. The value of this grant was estimated at approximately NIS 277 thousand. For the year ended December 31, 2021, approximately NIS 186 thousand were recognized and recorded as expenses. For the six months ended June 30, 2022, approximately NIS 43 thousand were recognized and recorded as expenses. On February 4, 2021, the Eventer’s Board of Directors approved a contractual agreement with Mr. Liron Carmel as the Chairman of the Board of Directors of Eventer. According to the agreement, the engagement between Eventer and Mr. Carmel commenced on January 1, 2021. The monthly professional fee will be approximately NIS 20 thousand. In addition to the professional fee, Eventer granted options to purchase a quantity of ordinary shares that will constitute approximately 2% of the Eventer’s issued and outstanding ordinary shares immediately after the public offering is completed as options grant. The options shall vest over a period of three years, commencing the engagement date. The exercise price of 50% of the options granted will be equal the public offering price, and 50% will equal the share price of the capital raising round that preceded the public offering price. The fair value of the options granted is estimated on the grant date, using the Black-Scholes Model, according to the following parameters: (a) risk-free interest rate – 0.49%; (b) expected dividend – 0%; (c) expected volatility – 47.02%; (d) forecasted life – 5 years. The value of this grant was estimated at approximately NIS 277 thousand. For the year ended December 31, 2021, approximately NIS 186 thousand were recognized and recorded as expenses. For the six months ended June 30, 2022, approximately NIS 43 thousand were recognized and recorded as expenses. On February 4, 2021, Eventer’s Board of Directors approved a contractual agreement with Mr. Eli Uzan as Eventer’s President and Director. According to the agreement, the engagement between Eventer and Mr. Uzan commenced on January 1, 2021. The monthly professional fee will be approximately NIS 20 thousand. In addition to the professional fee, Eventer granted options to purchase a quantity of ordinary shares that will constitute approximately 2% of Eventer issued and outstanding ordinary shares immediately after the public offering is completed as options grant. The options shall vest over a period of three years commencing the engagement date with 1/12 of such options vesting at the end of each subsequent three-month period following the grant. The exercise price of 50% of the options granted will be equal to the public offering price, and 50% will equal the share price of the capital raising round that preceded the public offering. The fair value of the option granted is estimated on the grant date, using the Black-Scholes Model, according to the following parameters: (a) risk-free interest rate – 0.49%; (b) expected dividend – 0%; (c) expected volatility – 47.02%; (d) forecasted life – 5 years. The fair value of this grant was estimated at approximately NIS 219 thousand. For the year ended December 31, 2021, approximately NIS 147 thousand were recognized and recorded as expenses. For the six months ended June 30, 2022, approximately NIS 34 thousand were recognized and recorded as expenses. On December 30, 2021 Eventer’s board of directors approved a grant of NIS 8 thousand to Eventer’s chief executive officer as bonus for the results and achievements of Eventer for the year 2021. Additionally, Eventer’s board of directors approved a bonus of USD 90 thousands to the chief executive officer which shall be paid in 9 equal instalments per month commencing January 2022. During April 2022, Eventer’s board of directors approved a salary increase to Eventer’s chief executive officer to NIS 50 thousand per month, effective as of January 1, 2022. E. Jeff’s Brands Ltd. On October 8, 2020, the Company entered into the Pro and Purex SPA. Pro and Purex (as defined in note 1) both are in the e-Commerce field and operate online stores for the sale of various consumer products on the Amazon Online Marketplace. Pursuant to the Pro and Purex SPA, the Company acquired 50.01% of Pro’s and 50.03% of Purex’ issued and outstanding share capital on a fully diluted basis through a combination of cash investments in the companies and acquisition of additional shares from the current shareholders of the two companies in consideration for the Company’s ADSs and a cash component. The Company agreed to invest an aggregate amount of USD 1,250 thousand in Pro and Purex, pay USD 150 thousand in cash consideration to the former stockholders, and issue up to USD 500 thousand worth of ADSs to the former stockholders of such companies subject to EBITDA milestones. On July 2021, and Following EBITDA results the Company issued USD 71 thousand worth of ADSs. In addition, the companies’ former shareholders are entitled to additional milestone issuances of up to an aggregate USD 750 thousand in ADSs subject to the achievement by Pro and Purex of certain milestones throughout 2021. The transactions contemplated in the definitive agreements closed on January 4, 2021. Also, the Company agreed to financing arrangements including (i) providing financing by way of a stockholder loan of a principal amount equal to USD 250 thousand which may be extended up to an aggregate cap of USD 1 million of which the Company will finance 60% with the remaining 40% to be financed by the other Pro’s and Purex’ stockholders; and (ii) additional financing of up to a principal amount of USD 1 million, to finance the acquisition of additional online Amazon stores provided that such acquisition financing will constitute 80% of the applicable acquisition cost, with the remaining 20% to be financed by the other Pro’s and Purex’ stockholders. Subsequently, according to the terms of the Pro and Purex SPA, The Company entered into a loan and pledge agreement, effective January 5, 2021, with its majority owned subsidiaries Pro and Purex. Pursuant to this loan and pledge agreement, the Company extended a USD 250 thousand loan, with an annual interest of 4%, to be repaid on the second anniversary of the effective date. On May 10, 2021, the Company entered into a stock exchange and plan of restructuring agreement with Victor Hacmon, the other shareholder of Pro and Purex, and Jeff’s’ Brands, a newly incorporated entity, Pursuant to which, among other things, the Company and Victor Hacmon transferred all holdings in Pro and Purex to Jeff’s’ Brands, in return for a consideration of Jeffs’ Brands ordinary shares issued respectively. As a result, Pro and Purex became wholly owned subsidiaries of Jeffs’ Brands. The share exchange transaction was accounted in a manner similar to Pooling-of-Interests (“As Pooling”), such that the carrying values of the assets and liabilities of Pro and Purex were retained through the transaction. To date, the Company invested approximately USD 5.4 million in Jeffs’ Brands and holds 50.03% of its shares. On July 23, 2021, the Company granted Mr. Victor Hacmon, the CEO of Jeffs’ Brands, 32,967 ADSs at fair value of USD 60 thousands as a special bonus for his achievements in the six months period ended June 30, 2021. The grant was recorded as an expense in the consolidated statements of income/loss and other comprehensive income/loss. Loans extended subsequent to the business combination consummation date: On February 2, 2021, the Company entered into a loan and pledge agreement (the “Pro Loan and Pledge Agreement”) with Pro and Pro’s other shareholder, to finance Pro’s additional purchases of three new brands on the Amazon Online Marketplace. Pursuant to the Pro Loan and Pledge Agreement, the Company and Pro’s other shareholder extended a USD 3.76 million and a USD 940 thousand loans, respectively, with an annual compound interest of 4%, to be repaid on February 2, 2026. The Company concluded the stated interest is materially lower than its market price. Accordingly, the difference between the fair value and face value of the loan attributable to the Company was recorded as deemed contribution by the Company to Jeffs’ Brands. Similarly, the difference between the fair value and face value of the loan attributable to the non-controlling interest was recorded as deemed contribution by the non-controlling interest to Jeffs’ Brands. Until May 3, 2022, the loans were measured at amortized cost. As of May 3, 2022, Pro had outstanding loans to the Company, Mr. Hakmon and L.I.A. Pure Capital Ltd. of USD 4.1 million, USD 940 thousands, and USD 109 thousands, respectively. On May 3, 2022, Jeffs’ entered into Assignments to Loan Agreements with the |
Trade Accounts Receivable and I
Trade Accounts Receivable and Inventory | 6 Months Ended |
Jun. 30, 2022 | |
Trade Accounts Receivable and Inventory [Abstract] | |
TRADE ACCOUNTS RECEIVABLE AND INVENTORY | NOTE 5 – TRADE ACCOUNTS RECEIVABLE AND INVENTORY A. Composed as follows: June 30, December 31, 2022 2021 Unaudited Audited USD in thousands Gix Internet 16,418 - Jeffs’ Brands 17 366 Eventer 127 42 16,562 408 B. Composed as follows: June 30, December 31, 2022 2021 Unaudited Audited USD in thousands Finished goods 1,831 1,227 As of June 30, 2022, and December 31, 2021, the inventory is derived only from Jeff’s Brands. |
Intangible Assets
Intangible Assets | 6 Months Ended |
Jun. 30, 2022 | |
Intangible Assets [Abstract] | |
INTANGIBLE ASSETS | NOTE 6 – INTANGIBLE ASSETS A. Details of the Company’s Intangible assets: June 30, December 31, 2022 2021 Unaudited Audited USD in thousands Technology 10,181 409 Customer relationship 5,182 - Software license 1,745 1,506 Patent 75 75 Brand name 5,110 5,405 Goodwill 7,083 926 Intangible assets, net 29,376 8,321 |
Accrued Expenses and Other Liab
Accrued Expenses and Other Liabilities | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure of Accured Expenses and Other Liabilities [Abstract] | |
ACCRUED EXPENSES AND OTHER LIABILITIES | NOTE 7 – ACCRUED EXPENSES AND OTHER LIABILITIES June 30, December 31, 2022 2021 Unaudited Audited USD in thousands Employees and related institutions 1,409 313 Accrued expenses *7,160 933 Other payables 352 286 8,924 1,532 * Includes USD 6.5 million accrued expenses from Gix Group, which USD 6.1 million are related to media suppliers. |
Equity
Equity | 6 Months Ended |
Jun. 30, 2022 | |
Equity [Abstract] | |
EQUITY | NOTE 8 – EQUITY (1) Share capital composed as follow: Number of shares Amount Authorized Issued and paid Authorized Issued and paid June 30, December 31, June 30, December 31, June 30, December 31, June 30, December 31, 2022* 2021* 2022* 2021* 2022 2021 2022 2021 In thousands NIS in thousands USD in thousands Ordinary shares of no par value as of December 31, 2021 and no par value as of June 30 , 2022. 200,000 50,000 163,943 23,850 - - - - * On July 7, 2022, the Company effected a reverse split of the Company’s authorized and outstanding ordinary shares at a ratio of 20:1 (the “Reverse Split”) and increased the authorized number of shares. Those changes were approved by the Company’s shareholders on June 17, 2022. On July 8, 2022, following the Reverse Split, the Company effected a change in the American Depositary Share (“ADSs”) ratios for its American Depositary Receipt program such that each ADS represents one ordinary share of no par value of the Company (the “Ordinary Share”), instead of twenty (20) pre-Reverse Split Ordinary Shares. The change in the ADS ratio is a technical change made in order to align the ratio so that one ADS equals to one ordinary share. On June 17, 2022, the Company’s shareholders approved to increase the authorized number of shares from 50 million to 200 million. (2) Share offering to the public and existing shareholders: On January 11, 2021, the Company entered into an underwriting agreement with Aegis Capital Corp. (hereinafter – “Aegis”), pursuant to which the Company agreed to sell to Aegis, in a firm commitment public offering 3,659,735 ADSs of no par value for a public offering price of USD 2.30 per ADS. In addition, Aegis was granted an option to purchase additional 15 percent of the ADSs sold in the Offering solely to cover over-allotments, exercisable until the earlier of 30-days or the last day of trading of the Company’s ordinary shares on the Tel-Aviv Stock Exchange. Aegis exercised its over-allotment option in full to purchase an additional 548,960 ADSs, the closing of which occurred on January 19, 2021. The total gross proceeds of the offering to approximately USD 9.68 million. On February 12, 2021, following the approval of the General Meeting of the Company shareholders held on February 12, 2021, the Company amended its articles of association to eliminate the par value of its ordinary shares, such that the authorized share capital of the Company following the amendment consists of 50,000,000 ordinary shares of no-par value. On February 25, 2021, the Company entered into an underwriting agreement with Aegis pursuant to which the Company agreed to sell to Aegis, in a firm commitment public offering 3,258,438 ADSs for a public offering price of USD 2.60 per ADS. In addition, Aegis was granted an option to purchase additional 15 percent of the ADSs sold in the offering solely to cover over-allotments. Aegis exercised its over-allotment option in full to purchase an additional 488,765 thousand ADSs. The total gross proceeds of the offering to approximately USD 9.7 million. The following table summarizes warrants outstanding as of June 30: 2022 Series Date of grant Number of exercise Expiration date Series L(*) November 2017 101,251 9 May 27, 2023 Series M(**) November 2017 14,177 10 November 24, 2022 Warrants C(*) July 2018 2,640,674 3.5 July 18, 2023 Warrants C(**) July 2018 425,651 3.5 July 18, 2023 HCW warrants(*) July 2018 198,637 4.38 July 18, 2023 Gix internet (Note 4.F)(**) September 2019 333,334 4 September 3, 2022 Total 3,713,724 * These warrants, under certain circumstances, can be exercised via a cashless exercise mechanism as defined in the warrant agreements. Therefore, the warrants were classified as financial liabilities measured at fair value through profit or loss at each reporting period. See Note 3. ** Recorded in equity. The following table summarizes warrants outstanding as of December 31, 2021 Series Date of grant Number of exercise Expiration date Series I(*) December 2016 9,970 36 June 06, 2022 Series J(**) December 2016 499 36 June 06, 2022 Warrants A(*) March 2017 535,730 14 March 29, 2022 Placement 03/2017(**) March 2017 37,501 17.5 March 29, 2022 Series L(*) November 2017 101,251 9 May 27, 2023 Series M(**) November 2017 14,177 10 November 24, 2022 Warrants C(*) July 2018 2,640,674 3.5 July 18, 2023 Warrants C(**) July 2018 425,651 3.5 July 18, 2023 HCW warrants(*) July 2018 198,637 4.38 July 18, 2023 Gix internet (Note 4.F)(**) September 2019 333,334 4 September 3, 2022 Total 4,297,424 * These warrants, under certain circumstances, can be exercised via a cashless exercise mechanism as defined in the warrant agreements. Therefore, the warrants were classified as financial liabilities measured at fair value through profit or loss at each reporting period. See Note 3. ** Recorded in equity. ( 3) Share-based compensation to employees, consultants and to directors: In June 2021, the Company board of directors approved the grant of 1,280,000 options pursuant to the Company’s option plan, to certain employees, consultants and directors. In October 2021, the Company board of directors approved the grant of 90,000 options to consultants. |
Revenues
Revenues | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure Of Revenue Text Block Abstract | |
REVENUES | NOTE 9 – REVENUES A. Revenues by product: Six months ended Year ended June 30, December 31, 2022 2021 2021 Unaudited Audited USD in thousands Miniature camera and related equipment (from ScoutCam) - 24 24 Products (from Jeffs’ Brands) 2,343 1,910 6,509 Revenues from commissions (from Eventer) 1,472 459 1,185 Revenues from internet services (from Gix Internet)* 31,144 - - MUSE and related equipment (from Medigus). - - 2,400 Total 34,959 2,393 10,118 * The revenues from Gix Internet for the period March 01 ,2022-June 30, 2022. B. Major customers Set forth below is a breakdown of Company’s revenue by major customers (major customer –revenues from these customers constitute at least 10% of total revenues in a certain year): Six months ended Year ended June 30, December 31, 2022 2021 2021 USD in thousands Customer A 6,458 - - Customer B 5,124 - - Customer C - - 2,400 Customer D - 21 - |
Transactions with Related Parti
Transactions with Related Parties: | 6 Months Ended |
Jun. 30, 2022 | |
Transactions with Related Parties [Abstract] | |
TRANSACTIONS WITH RELATED PARTIES: | NOTE 10 – TRANSACTIONS WITH RELATED PARTIES: “Related Parties” – As defined in IAS 24 – ‘Related Party Disclosures” (“IAS 24”) Key management personnel of the Company – included together with other entities, in the said definition of “Related Parties” mentioned in IAS 24, include some members of senior management. A. Transactions with related parties: Six months ended Year ended June 30 December 31 2022 2021 2021 Unaudited Audited USD in thousands Payroll and related expenses to related parties employed by the Company* 496 512 1,241 Compensation to directors ** 418 412 733 Consultant services*** - 616 - Interest and discounting of loans from Jeff’s Brands related parties **** 40 145 172 Finance expense on Screenz payable balance 192 - 169 Eventer sales and marketing expenses to Keshet 165 - 279 Eventer revenues from related parties (7 ) (20 ) (23 ) Eventer general and administrative expenses to Screenz 23 9 13 * Includes granted options benefit aggregated to USD 160 thousands, USD 149 thousands and USD 583 thousand for the six months ended June 30, 2022, six months ended June 30, 2021 and year ended December 31, 2021, respectively. ** Includes granted options benefit aggregated to USD 183 thousands, USD 173 thousands and USD 195 thousand for the six months ended June 30, 2022, six months ended June 30, 2021 and year ended December 31, 2021, respectively. *** Includes granted options benefit aggregated to USD 259 thousands for the six months ended June 30, 2021. **** Julia Gerasimova, Kfir Zilbrman and Victor Hacmon are related party of Jeff Brands. A. Transactions with related parties: (Cont.) Indemnification, exemption and insurance for directors and officers of the Company: a. The Company provides its directors and officers with an obligation for indemnification and exemption. b. The Group maintains an active Directors and Officers’ insurance policy. The annual premium of the current policy was USD 453 thousand, such policy provide a coverage of USD 7 million for the benefit of all of the Company’s directors and officers, and which includes a Securities claims/C side retention of USD 2.5 million per claim and B side retention of USD 0.5 million. B. Balances with related parties: (E) Current Assets: June 30, December 31, 2022 2021 Unaudited Audited USD in thousands Related party prepaid expenses – pre-paid advertising services to Keshet (a related party of Eventer) 718 981 Other receivables (related parties of Eventer) 10 18 728 999 (2) Non-Current Assets: June 30, December 31, 2022 2021 Unaudited Audited USD in thousands Short term loan to a related party (loan from Medigus to Gix Internet) - 1,265 (3) Current Liabilities: June 30, December 31, 2022 2021 Unaudited Audited USD in thousands Compensation to key management personnel 73 270 Current Liabilities of Jeff’s Brands to related parties 247 177 Other Accrued expenses to related parties of Eventer 153 169 474 616 (4) Loans: June 30, December 31, 2022 2021 Unaudited Audited USD in thousands Current portion of long-term commitment – Screenz cross media Ltd (a related party of Eventer). See note 4.D. 520 506 Long-term commitment – Screenz cross media Ltd (a related party of Eventer). See note 4.D 580 711 Short term loans of Jeffs’ Brands from related parties (*) 56 111 Long term loans of Jeffs’ Brands from related parties (**) 479 689 * Kfir Zilberman is a related party of Jeffs’ Brands. ** Julia Gerasimova, Kfir Zilberman and Victor Hacmon are related parties of Jeffs’ Brands. |
Segments
Segments | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure Of Entitys Operating Segments Text Block Abstract | |
SEGMENTS | NOTE 11- SEGMENTS: The Group identified eight operating segments as follows: Medical, E-Commerce, Online Advertising , Online Event Management, safety systems for commercial drones , Visualization and AI based solutions , energy efficiency technology , Electric Vehicles and Corporate (see note 1a). The Company concluded that the Medical, Electric Vehicles, safety systems for commercial drones , Visualization and AI based solutions and energy efficiency technology segments are not “reportable segments” as defined in IFRS 8, Operating Segments The CODM measures and evaluates the operating performance of the Group’s segments based on operating loss (income), assets and liabilities. The table set forth other information of the Group: June 30, 2022 Corporate E-commerce Online Advertising Online Event Others Adjustments and eliminations Total USD in thousands Total segments’ assets 29,515 7,593 42,082 4,997 *10,600 (473 ) 94,314 Total segments’ liabilities (1,313 ) (6,912 ) (31,718 ) (4,690 ) (335 ) 3,843 (41,125 ) * Includes an investment accounted for using the equity method of USD 9,662 thousand in relation to ScoutCam. For additional information in relation to assets and liabilities of ScoutCam refer to note 4C. The table set forth the operating results of the Group: Six months ended June 30, 2022 Corporate E-commerce Online Advertising Online Event Others Adjustments Total USD in thousands External revenue - 2,343 31,144 1,472 - - 34,959 Segment results – operating income (loss) (3,366 ) (1,098 ) 638 * (310 ) (1,385 )** (807 ) (6,328 ) Non-operating income (loss) 64 (63 ) (56 ) - 137 2,300 2,382 Finance income (loss) 330 (272 ) (620 ) (277 ) (2 ) 48 (793 ) Profit (Loss) before taxes on income (2972 ) (1,433 ) (38 ) (587 ) (1,250 ) 1,541 (4,739 ) Tax benefit (expense) on income (5 ) (93 ) (15 ) - (6 ) 110 (9 ) Segment results – profit (loss) (2,977 ) (1,526 ) (53 ) (587 ) (1,256 ) 1,651 (4,748 ) * Includes equity loss of USD 215 thousands in relation to Gix Internet. For the operating results of Gix Internet, refer to note 4F. ** Includes equity loss of USD 1,073 thousands in relation to ScoutCam. For the operating results of Scoutcam, refer to note 4C. The table set forth other information of the Group: December 31, 2021 Corporate E-commerce Online Others Adjustments and eliminations Total USD in thousands Total segments’ assets 33,695 7,412 9,357 * 11,692 ** (2,926 ) 59,730 Total segments’ liabilities (1,571 ) (6,159 ) (4,282 ) (399 ) 4,114 (8,297 ) * Includes an investment accounted for using the equity method of USD 4,867 thousand in relation to Gix Internet. For additional information in relation to assets and liabilities of Gix Internet refer to note 4F. ** Includes an investment accounted for using the equity method of USD 10,735 thousand in relation to ScoutCam. For additional information in relation to assets and liabilities of ScoutCam refer to note 4C. The table set forth the operating results of the Group: Year ended December 31, 2021 Corporate E-commerce Online Others Adjustments and eliminations Total USD in thousands External revenue 2,400 6,509 1,185 24 - 10,118 Segment results – operating income (loss) (2,271 ) (932 ) (3,229 )* (3,531 )** 68 (9,895 ) Non-operating income 2,509 - - 494 11,390 14,393 Finance income (loss) 555 (629 ) (206 ) (15 ) (52 ) (347 ) Profit ( Loss) before taxes on income 793 (1,561 ) (3,435 ) (3,052 ) 11,406 4,151 Tax benefit (expense) on income - 21 - - (126 ) (105 ) Segment results – profit (loss) 793 (1,540 ) (3,435 ) (3,052 ) 11,280 4,046 * Includes equity loss of USD 823 thousands in relation to Gix Internet. For the operating results of Gix Internet, refer to note 4F. ** Includes equity loss of USD 1,402 thousands in relation to ScoutCam. For the operating results of Scoutcam, refer to note 4C. |
Subsequent Events
Subsequent Events | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure Of Events After Reporting Period Text Block Abstract | |
SUBSEQUENT EVENTS | NOTE 12 – SUBSEQUENT EVENTS: 1. On July 7, 2022, the Company effected a reverse split of the Company’s authorized and outstanding ordinary shares at a ratio of 20:1 (the “Reverse Split”) and increased the Authorized number of shares. Those changes were approved by the Company’s shareholders on June 17, 2022. On July 8, 2022, following the Reverse Split, the Company effected a change in the American Depositary Share (“ADS”) ratios for its American Depositary Receipt program such that each ADS represents one ordinary share of no par value of the Company (the “Ordinary Share”), instead of twenty (20) pre-Reverse Split Ordinary Shares. The change in the ADS ratio is a technical change made in order to align the ratio so that one ADS equals to one Ordinary Share. 2. On July 18, 2022 , Under the Collaboration Agreement, Polyrizon will use its advanced Trap and Target™ platform to develop formulations, conduct analytical development and produce technical batches of a tailored intranasal delivery system. The intranasal system is being designed for efficient delivery of Nurexone’s ExoTherapy to patients with traumatic spinal cord injuries (SCI) and may also be relevant to other indications through intranasal exosome delivery.Under the Collaboration Agreement, NurExone will cover the costs of the formulation development in an estimated amount of USD 0.22 million in 3 installments upon development success and expects to be able to perform a biological efficacy study of the intranasal system within 3 quarters. NurExone shall pay development fees to Polyrizon of up to a total of USD 3.3 million upon completion of certain milestones, including the payment of an aggregate of US USD 0.5 million upon successful completion of a Phase 2 clinical trial. Moreover, NurExone shall pay royalties based on any product sales resulting from the Collaboration Agreement. In advance stages of the collaboration, Polyrizon may assist NurExone with regulatory submissions for the United States and Europe. Manufacturing and marketing rights for formulations under the Collaboration Agreement are exclusive to NurExone. 3. On August 23, 2022, the Company entered into an agreement with A. I. Research and Development of Artificial Intelligence Ltd., (“AI Research”) for the assignment of a convertible loan in the amount of NIS 3 million (the “Convertible Loan”), which AI Research made to AI Conversation Systems Ltd. (TASE: AICS) (“AI Conversation Systems”) pursuant to a convertible loan agreement dated September 21, 2021 (the “CLA”). In accordance with the terms of the CLA, the Convertible Loan shall be repaid in full (including 18% annual interest) in March 2023, or, if so determined by AI Conversation Systems, be converted into ordinary shares of AI Conversation Systems at a valuation of NIS 4.75 million. 4. On August 30, 2022, Jeffs’ Brands closed initial public offering (“IPO”), and the simultaneous closing of a portion of the underwriter’s over-allotment option, for aggregate gross proceeds of approximately USD 15.5 million before deducting underwriting discounts and other estimated offering expenses. As a result of the closing of the IPO, Medigus now owns 35.27% of Jeffs’ Brands. Jeffs’ Brands issued 3,717,473 ordinary shares and 3,717,473 warrants, each to purchase one ordinary share with an initial exercise price of USD 4.04 per share, at a combined initial public offering price of USD 4.16 per ordinary share and warrant. 5. On September 5, 2022, the Company filed a motion with the Tel Aviv District Court Economic Department for approval of a dividend distribution of USD 1.6 million. 6. During September 2022, Jeffs’ Brands repaid: (i) an amount of USD 150 thousands to the Company and; (ii) related party balance in the amount of USD 175 thousand and ; (iii) USD 393 thousand for the repayment of accrued interest with respect to certain related party loans upon the conversion of such loans at the closing of this offering, USD 252 thousand of these amount paid to the Company. 7. On August 3, 2022, Jeffs’ Brands Board of Directors approved to increase the CEO, Mr. Hakmon, the monthly salary to NIS 55 thousand plus applicable value added taxes (“VAT”), retroactively from February 1, 2022, until the closing of the IPO. Effective on September 1, 2022, Jeffs Brands Board of Directors approved an increase to Mr. Hakmon’s monthly salary to NIS 80 thousand plus VAT and a one-time bonus of NIS 480 thousand. 8. During September 2022, Jeffs’ Brands fully repaid the loan from Bank Leumi. 9. On August 28, 2022, the General Meeting of Gix Internet shareholders approved to issue 155,427 and 260,492 shares to Gix Internet CEO and former chairmen of the Board of directors as a special bonus, respectively. Additionally, the General Meeting of Gix Internet shareholders approved to issue 400,000 options to four of Gix Internet directors. The shares and the warrants were issued on September 18, 2022. Following the issuance of shares the Company holdings in Gix Internet is 42.25%. 10. On September 20, 2022, Gix Internet completed a reverse triangle merger (“merger”) between Gix Internet, Gix Media and ViewBix Inc (OTCMKTS: VBIXD). After the merger, Gix Media will become a wholly owned subsidiary of ViewBix Inc. 11. Third-party short-term loans in Jeffs’ Brands in the amount of approximately USD 810 thousand, inclusive of accrued interest, was fully repaid. 12. On July 28, 2022, Charging Robotics entered into a convertible loan agreement with Revoltz pursuance to which Charging Robotics was required to invest an amount of USD 60 thousands in Revoltz (the “Loan Principal Amount”). In addition, Charging Robotics provided to Revoltz further lending of up to USD 340 thousands (the “Additional Amount”, and together with the Loan Principal, the “Total Loan Amount”). The Total Loan Amount shall carry interest at the minimum rate prescribed by Israeli law. The Total Loan Amount shall be converted into shares of Revoltz, upon the occurrence of any of the following events (each a “Trigger Event”): a. The consummation of funding by Revoltz of an aggregate amount of USD 1 million at a pre-money Revoltz valuation of at least USD 7 million (in the form of SAFE, equity or otherwise). b. Revoltz has generated an aggregate of USD 1 million or more revenues. In the event that a Trigger Event shall not have occurred on or prior to the 24-month anniversary of the date on which the Loan Principal Amount is actually extended to Revoltz, the Loan shall be due and repayable by Revoltz to Charging Robotics. |
Financial Instruments and Fin_2
Financial Instruments and Financial Risk Management (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure Of Financial Risk Management Text Block Abstract | |
Schedule of financial asset | June 30, December 31, 2022 2021 Level 1 USD in thousands Investment in SAFO 40 53 Investment in Tondo 161 429 Investment in SciSparc 866 911 Investment in Maris 114 - Investment in Automax – bonds 9 - Investments in Automax –shares 1,424 1,676 2,614 3,069 June 30, December 31, 2022 2021 Level 3 USD in thousands Maris Investment* - 246 Safee investment 400 400 Maris warrants 42 57 Polyrizon warrants 512 516 Laminera (see note 4.M) - 126 Anti-dilution – Gix Internet - 469 SAFO warrants 32 34 ClearMind (see note 4.N) 1,296 - Parazero-SAFE ) see note 4.L) 521 - Polyrizon- SAFE (see note 4.H) 314 - Colugo investment 400 - 3,517 1,848 |
Schedule of fair value of financial instruments | SAFO TONDO SciSparc Maris Automax Automax – Total USD in thousands Balance as of January 1, 2022 53 429 911 - 1,676 - 3,069 Purchase of securities - - 32 75 - 69 176 Net change in fair value of financial assets at fair value recognized through profit or loss (13 ) 36 (77 ) (208 ) (65 ) - (327 ) Sale of securities - (344 ) - - - (60 ) (404 ) Realized gain - 67 - - - 1 68 Currency exchange differences - (27 ) - - (187 ) (1 ) (215 ) Transfer from level 3 to level 1 - - - 247 - - 247 Balance as of June 30, 2022 40 161 866 114 1,424 9 2,614 SAFO Tondo SciSparc ltd Automax Total Balance as of January 1, 2021 113 - - - 113 Initial recognition at fair value upon dilution of equity investment - - - 1,553 1,553 Purchase of securities - 472 825 279 1,576 Sale of securities - (42 ) - (42 ) Net change in fair value of financial assets at fair value recognized through profit or loss (60 ) (1 ) 86 (156 ) (131 ) Balance as of December 31, 2021 53 429 911 1,676 3,069 Maris Polyrizon Laminera Anti- Safee SAFO Clear Mind Parazero -SAFE Polyrizon - SAFE Colugo Total USD in thousands Balance as of January 1, 2022 303 516 126 469 400 34 - - - - 1,848 Initial recognition of financial asset 25 - - - - - 1,250 521 314 400 2,510 Net change at fair value recognized through profit or loss (39 ) (4 ) 507 (460 ) - (2 ) 68 - - - 67 Transfer from level 3 to level 1 (247 ) - - - - - - - - - (247 ) Transfer to equity investment treatment - - (633 ) - - - - - - - (633 ) Currancy exchange differences - - - (9 ) - - (22 ) - - - (31 ) Balance as of June 30, 2022 42 512 - - 400 32 1,296 521 314 400 3,517 Gix Gix Internet ScoutCam Maris Conversion Polyrizon Laminera Anti- SAFO Total USD in thousands Balance as of January 1, 2021 2,438 14 - - 1,393 - - 473 98 4,416 Initial recognition at fair value of ScoutCam warrants upon deconsolidation (note 4.C) - - 97 - - - - - - 97 Exercise of warrants (note 4.C) - - (51 ) - - - - - - (51 ) Initial recognition of financial asset - - - 240 - - 126 - - 366 Net changes at fair value recognized through profit or loss 373 (14 ) (46 ) 63 213 516 - (4 ) (64 ) 1,037 Exercise of Conversion Right (see note 4.F) (2,811 ) - - - (1,606 ) - - - - (4,417 ) Balance as of December 31, 2021 - - - 303 - 516 126 469 34 1,448 |
Schedule of fair value measurement of liabilities | June 30 2022 December 31 2021 Level 1 Level 3 Total Level 1 Level 3 Total USD in thousands USD in thousands Financial liabilities at fair value through profit or loss - Fair value of warrants 654 200 854 555 137 692 |
Interest in Other Entities (Tab
Interest in Other Entities (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure Of Significant Judgements And Assumptions Made In Relation To Interests In Other Entities Text Block Abstract | |
Schedule of additional information about subsidiaries | Main place business Ownership % As of June 30, 2022 Jeffs’ Brands Ltd. Israel 49.97 % Eventer Ltd. Israel 53.79 % Charging Robotics Ltd. Israel - GERD IP Inc USA 10 % Gix Internet Ltd Israel 57.31 % As of December 31, 2021 Jeffs’ Brands Ltd. Israel 49.97 % Eventer Ltd. Israel 52.31 % Charging Robotics Ltd. Israel - GERD IP Inc USA 10 % |
Schedule of statement summarized financial position | June 30, December 31, USD in thousands (*) Current assets 3,618 3,469 Non-current assets 1,379 1,521 Current liabilities 4,110 3,571 Non-current liabilities 580 711 Equity 307 708 June 30, December 31, USD in thousands Current assets 1,986 2,022 Non-current assets 5,607 5,390 Current liabilities 3,775 2,211 Non-current liabilities 3,136 3,948 Equity 682 1,253 June 30, December 31, USD in thousands (*) Current assets 24,175 23,145 Non-current assets 17,908 19,191 Current liabilities 26,589 26,832 Non-current liabilities 5,130 6,543 Equity 10,364 8,960 Equity attributable to Gix Internet shareholders 5,937 4,130 Non-controlling interests 4,427 4,830 June 30, December 31, USD in thousands Current assets 17,968 20,212 Non-current assets 3,095 3,334 Current liabilities 2,656 1,309 Non-current liabilities 2,894 2,621 Equity 15,513 19,616 |
Schedule of summarized statement of comprehensive income | Six months Six months Year ended USD in thousands (**) Revenue 1,472 459 1,185 Net loss for the period (587 ) (1,215 ) (2,612 ) Six months Six months Year ended USD in thousands Revenue 2,343 1,910 6,509 Net loss for the period (1,526 ) (851 ) (1,540 ) March 31, January 01, 2022- Six months Year USD in thousands (**) Revenue 31,144 4,234 16,348 44,827 (Loss) profit for the period 164 (439 ) (870 ) (1,510 ) Other comprehensive (loss) profit 478 222 185 (396 ) Total comprehensive (loss) profit 642 (217 ) (685 ) (1,905 ) Six months Three months ended Nine months Three months USD in thousands Revenue 372 274 363 24 Net Loss for the period (5,560 ) (2,088 ) (7,381 ) (1,606 ) |
Schedule of summarized statement of cash flows | Six months Six months Year ended USD in thousands (**) Cash flow used in operating activities 1,235 858 127 Cash flow used in investing activities (6 ) (131 ) (211 ) Cash flow from financing activities (146 ) 800 824 Gain (losses) from exchange differences on cash and cash equivalents (288 ) 18 38 Net increase in cash and cash equivalents 795 1,545 778 Six months January 4, 2021- June 30, 2021 Year ended USD in thousands Cash flow used in operating activities (1,054 ) (174 ) (863 ) Cash flow used in investing activities (3 ) (4,728 ) (4,730 ) Cash flow from financing activities 731 4,761 5,695 Net (decrease) increase in cash and cash equivalents (326 ) (141 ) 102 February 28, USD Cash flow used in operating activities 989 Cash flow used in investing activities (9 ) Cash flow from financing activities 1,661 Gain from exchange differences on cash and cash equivalents 51 Net increase in cash and cash equivalents 2,692 Three months ended USD in thousands Cash flow used in operating activities (774 ) Cash flow used in investing activities (117 ) Cash flow from financing activities 10,281 Gain (losses) from exchange differences on cash and cash equivalents (12 ) Net increase in cash and cash equivalents 9,378 |
Schedule of balance of non-controlling interest | June 30, December 31, USD in thousands Gix Internet 6,439 - Eventer 808 1,136 Jeffs’ Brands 650 965 Charging Robotics 91 91 Gerd IP 59 51 8,047 2,243 |
Schedule of profit (loss) attributed to non-controlling interests | Six months Six months Year USD in thousands ScoutCam - (892 ) (892 ) Eventer (307 ) (609 ) (1,112 ) Jeff Brands (793 ) (382 ) (795 ) Gerd IP 7 25 51 Gix Internet (65 ) - - (1,158 ) (1,858 ) (2,748 ) |
Schedule of investment to equity method | June 30, December 31, USD in thousands ScoutCam (see note 4C) 9,662 10,735 Gix Internet (see note 4F) - 4,867 Parazero (see note 4L) 1,300 - Laminera (see note 4M) 1,252 - Polyrizon (see note 4H) 288 447 Elbit imaging (see note 4J) 720 975 Fuel Doctor (see note 4K) - - Revoltz (see note 4I) 185 216 Total 13,407 17,240 |
Schedule of general information | Main place Company % As of June 30, 2022 Parazero Israel 40.35 % Laminera Israel 19.7 % Polyrizon Israel 36.81 % ScoutCam Israel 27.02 % Elbit Imaging Israel 5.72 % Fuel Doctor Israel 35.06 % Revoltz Israel 19.9 % As of December 31, 2021 Gix Internet Israel 34.58 % Polyrizon Israel 36.81 % ScoutCam Israel 27.02 % Elbit Imaging Israel 5.72 % Fuel Doctor Israel 35.06 % Revoltz Israel 19.9 % |
Schedule of fair value of investments in material affiliated companies | June 30, 2022 December 31, 2021 Carrying amount Quoted fair value Carrying amount Quoted fair value USD in thousands ScoutCam 9,662 10,585 10,735 15,397 Elbit Imaging 723 809 975 975 |
Schedule of purchase price allocation upon deconsolidation and initial measurement | March 31, USD Fair value of investment 11,843 Total consideration 11,843 ScoutCam’s equity as of March 31, 2021 22,338 Adjustments to equity (5,445 ) Equity as adjusted 16,893 Groups share in % 28.06 % 4,740 Excess cost to allocate: 7,103 Technology 1,672 Deferred tax liability (385 ) Total intangible assets identified 1,287 Excess purchase price to allocate to goodwill 5,816 |
Schedule of activity in investment account | Six months USD Investment as of December 31, 2021 10,735 Group share in losses (1,502 ) Excess cost amortization-technology (62 ) Share based compensation 394 Group share in expired options 98 Investment as of June 30, 2022 9,662 April 1, USD Investment as of April 1, 2021 11,843 The Company’s share in ScountCam’s loss for the three month ended June 30, 2021 (226 ) Exercise of warrants by the Group 234 Investment as of June 30, 2021 11,851 April 1, USD Investment as of April 1, 2021 11,843 Group share in losses (2,044 ) Excess cost amortization-technology (96 ) Share based compensation 540 Exercise of warrants by the Group 234 Group share in exercise warrants by others 218 Group share in expired options 32 Additional investment allocated to goodwill 8 Investment as of December 31, 2021 10,735 Two months ended USD Balance as of January 01, 2022 4,867 Group share in losses (100 ) Group share in other comprehensive loss 146 Excess cost amortization (116 ) USD/NIS translation adjustments (191 ) Balance as of February 28, 2022 4,606 Six months ended USD Balance as of December 31, 2021 975 Dividend (172 ) Group share in losses (78 ) Cancellation of Impairment 93 USD/NIS translation adjustments (98 ) Balance as of June 30, 2022 720 February 2, USD Balance as of February 02, 2022 1,595 Group share in losses (381 ) Share based compensation 117 Excess cost amortization (31 ) Balance as of June 30, 2022 1,300 March 31, 2022- USD Balance as of March 31, 2022 1,333 Group share in losses (74 ) Excess cost amortization (7 ) Balance as of June 30, 2022 1,252 |
Schedule of reconciliation to carrying amounts | June 30, USD Equity attributable to ScoutCam 15,512 Adjustments to equity (4,521 ) Equity as adjusted as of June 30, 2022 10,991 Groups share in % 27.02 % Group share 2,970 Balance of excess cost: Technology, net of deferred tax 1,084 Goodwill 5,608 Balance as of June 30, 2022 9,662 June 30, Equity attributable to ScoutCam shareholders’ as of June 30, 2021 22,482 Groups share in % 27.76 % Group share 6,241 Fair value adjustments 5,610 Carrying amount 11,851 December 31, USD Equity attributable to ScoutCam 19,615 Adjustments to equity (4,883 ) Equity as adjusted as of December 31, 2021 14,732 Groups share in % 27.02 % Group share 3,981 Balance of excess cost: Technology, net of deferred tax 1,146 Goodwill 5,608 Balance as of December 31, 2021 10,735 February 28, USD Equity attributable to Gix Internet shareholders’ as of February 28, 2022 4,098 Adjustments to Equity (543 ) Equity As adjusted as of December 31, 2021 3,555 Groups share in % 34.58 % Group share 1,229 Balance of excess cost: Technology and customers relationship, net of deferred tax 2,336 Goodwill 1,041 Balance as of February 28, 2022 4,606 June 30, USD Equity attributable to shareholders’ as of June 30, 2022 (1,254 ) Adjustments to equity (25 ) Equity as adjusted as of June 30, 2022 (1,279 ) Groups share in % 40.35 % Group share (516 ) Balance of excess cost: Technology, net of deferred tax 714 Goodwill 1,102 Balance as of June 30, 2022 1,300 June 30, USD Equity attributable to shareholders’ as of June 30, 2022 794 Adjustments to equity (339 ) Equity as adjusted as of June 30, 2022 455 Groups share in % 19.7 % Group share 90 Balance of excess cost: IPR&D, net of deferred tax 266 Goodwill 896 Balance as of June 30, 2022 1,252 |
Schedule of short term loans | June 30, December 31, USD in thousands Amazon Loans 152 101 Bank Leumi Le-Israel 600 - Related parties 56 111 Third parties’ loans 713 715 1,521 927 June 30, USD Short term bank loans 6,069 Current maturities of long-term loans 1,714 Total consideration 7,783 |
Schedule of summarizes the allocation of the preliminary purchase price | January 4, USD in Cash consideration invested in Jeffs’ Brands 1,650 Non- cash consideration invested in Jeffs’ Brands 71 Total consideration 1,721 Less: Fair value of net assets acquired 2,314 Non-controlling interests (1,156 ) Total acquired 1,158 Goodwill 563 February 28, USD Cash consideration invested in Gix Internet 731 Fair value former shares holdings 6,939 Total consideration 7,669 Less: Fair value of net assets acquired 7,099 Non-controlling interests (6,129 ) Total acquired 970 Goodwill 6,699 |
Schedule of long term loans | June 30, USD in thousands Long term bank loans 4,083 |
Schedule of activity in the investment account of automax and polyrizon | March 9, 2021 USD Investment as of January 1, 2021 Equity method 546 Held for sale asset 547 Total as of January 1, 2021 1,093 Sale of held for sale asset (102 ) Share of net profit of associate accounted for using the equity method 275 Total amount as of March 9, 2021 1,266 Eliminate investment held for sale and equity as a result of transition to fair value (1,266 ) Fair value of the investment at the day of the transition 1,553 For the USD Balance as of January 01, 2022 447 Group share in losses (192 ) Share based compensation 33 Balance as of June 30, 2022 288 |
Schedule of purchase price allocation summary following | February 2, USD Purchase price 1,595 Adjusted equity 252 Excess to allocate 1,847 Excess purchase price to allocate to technology, net of deferred tax 745 Goodwill 1,102 Total 1,847 March 31, USD Cash consideration 300 Share consideration 400 Fair value of former holdings 633 Total purchase price 1,333 Adjusted Company’s equity (164 ) Excess to allocate 1,169 Excess purchase price to allocate to IPR&D, net of deferred tax 273 Goodwill 896 Total 1,169 |
Trade Accounts Receivable and_2
Trade Accounts Receivable and Inventory (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Trade Accounts Receivable and Inventory [Abstract] | |
Schedule of trade accounts receivable and inventory | June 30, December 31, 2022 2021 Unaudited Audited USD in thousands Gix Internet 16,418 - Jeffs’ Brands 17 366 Eventer 127 42 16,562 408 June 30, December 31, 2022 2021 Unaudited Audited USD in thousands Finished goods 1,831 1,227 |
Intangible Assets (Tables)
Intangible Assets (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Intangible Assets [Abstract] | |
Schedule of total intangible assets | June 30, December 31, 2022 2021 Unaudited Audited USD in thousands Technology 10,181 409 Customer relationship 5,182 - Software license 1,745 1,506 Patent 75 75 Brand name 5,110 5,405 Goodwill 7,083 926 Intangible assets, net 29,376 8,321 |
Accrued Expenses and Other Li_2
Accrued Expenses and Other Liabilities (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure of Accured Expenses and Other Liabilities [Abstract] | |
Schedule of accrued expenses and other liabilities | June 30, December 31, 2022 2021 Unaudited Audited USD in thousands Employees and related institutions 1,409 313 Accrued expenses *7,160 933 Other payables 352 286 8,924 1,532 * Includes USD 6.5 million accrued expenses from Gix Group, which USD 6.1 million are related to media suppliers. |
Equity (Tables)
Equity (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Equity [Abstract] | |
Schedule of share capital composed | Number of shares Amount Authorized Issued and paid Authorized Issued and paid June 30, December 31, June 30, December 31, June 30, December 31, June 30, December 31, 2022* 2021* 2022* 2021* 2022 2021 2022 2021 In thousands NIS in thousands USD in thousands Ordinary shares of no par value as of December 31, 2021 and no par value as of June 30 , 2022. 200,000 50,000 163,943 23,850 - - - - * On July 7, 2022, the Company effected a reverse split of the Company’s authorized and outstanding ordinary shares at a ratio of 20:1 (the “Reverse Split”) and increased the authorized number of shares. Those changes were approved by the Company’s shareholders on June 17, 2022. On July 8, 2022, following the Reverse Split, the Company effected a change in the American Depositary Share (“ADSs”) ratios for its American Depositary Receipt program such that each ADS represents one ordinary share of no par value of the Company (the “Ordinary Share”), instead of twenty (20) pre-Reverse Split Ordinary Shares. The change in the ADS ratio is a technical change made in order to align the ratio so that one ADS equals to one ordinary share. |
Schedule of warrants outstanding | 2022 Series Date of grant Number of exercise Expiration date Series L(*) November 2017 101,251 9 May 27, 2023 Series M(**) November 2017 14,177 10 November 24, 2022 Warrants C(*) July 2018 2,640,674 3.5 July 18, 2023 Warrants C(**) July 2018 425,651 3.5 July 18, 2023 HCW warrants(*) July 2018 198,637 4.38 July 18, 2023 Gix internet (Note 4.F)(**) September 2019 333,334 4 September 3, 2022 Total 3,713,724 2021 Series Date of grant Number of exercise Expiration date Series I(*) December 2016 9,970 36 June 06, 2022 Series J(**) December 2016 499 36 June 06, 2022 Warrants A(*) March 2017 535,730 14 March 29, 2022 Placement 03/2017(**) March 2017 37,501 17.5 March 29, 2022 Series L(*) November 2017 101,251 9 May 27, 2023 Series M(**) November 2017 14,177 10 November 24, 2022 Warrants C(*) July 2018 2,640,674 3.5 July 18, 2023 Warrants C(**) July 2018 425,651 3.5 July 18, 2023 HCW warrants(*) July 2018 198,637 4.38 July 18, 2023 Gix internet (Note 4.F)(**) September 2019 333,334 4 September 3, 2022 Total 4,297,424 * These warrants, under certain circumstances, can be exercised via a cashless exercise mechanism as defined in the warrant agreements. Therefore, the warrants were classified as financial liabilities measured at fair value through profit or loss at each reporting period. See Note 3. ** Recorded in equity. |
Revenues (Tables)
Revenues (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure Of Revenue Text Block Abstract | |
Schedule of revenue by product | Six months ended Year ended June 30, December 31, 2022 2021 2021 Unaudited Audited USD in thousands Miniature camera and related equipment (from ScoutCam) - 24 24 Products (from Jeffs’ Brands) 2,343 1,910 6,509 Revenues from commissions (from Eventer) 1,472 459 1,185 Revenues from internet services (from Gix Internet)* 31,144 - - MUSE and related equipment (from Medigus). - - 2,400 Total 34,959 2,393 10,118 * The revenues from Gix Internet for the period March 01 ,2022-June 30, 2022. |
Schedule of major customers | Six months ended Year ended June 30, December 31, 2022 2021 2021 USD in thousands Customer A 6,458 - - Customer B 5,124 - - Customer C - - 2,400 Customer D - 21 - |
Transactions with Related Par_2
Transactions with Related Parties: (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Transactions with Related Parties [Abstract] | |
Schedule of transactions with related parties | Six months ended Year ended June 30 December 31 2022 2021 2021 Unaudited Audited USD in thousands Payroll and related expenses to related parties employed by the Company* 496 512 1,241 Compensation to directors ** 418 412 733 Consultant services*** - 616 - Interest and discounting of loans from Jeff’s Brands related parties **** 40 145 172 Finance expense on Screenz payable balance 192 - 169 Eventer sales and marketing expenses to Keshet 165 - 279 Eventer revenues from related parties (7 ) (20 ) (23 ) Eventer general and administrative expenses to Screenz 23 9 13 |
Schedule of current assets | June 30, December 31, 2022 2021 Unaudited Audited USD in thousands Related party prepaid expenses – pre-paid advertising services to Keshet (a related party of Eventer) 718 981 Other receivables (related parties of Eventer) 10 18 728 999 |
Schedule of non current assets | June 30, December 31, 2022 2021 Unaudited Audited USD in thousands Short term loan to a related party (loan from Medigus to Gix Internet) - 1,265 |
Schedule of current liabilities | June 30, December 31, 2022 2021 Unaudited Audited USD in thousands Compensation to key management personnel 73 270 Current Liabilities of Jeff’s Brands to related parties 247 177 Other Accrued expenses to related parties of Eventer 153 169 474 616 |
Schedule of loans | June 30, December 31, 2022 2021 Unaudited Audited USD in thousands Current portion of long-term commitment – Screenz cross media Ltd (a related party of Eventer). See note 4.D. 520 506 Long-term commitment – Screenz cross media Ltd (a related party of Eventer). See note 4.D 580 711 Short term loans of Jeffs’ Brands from related parties (*) 56 111 Long term loans of Jeffs’ Brands from related parties (**) 479 689 |
Segments (Tables)
Segments (Tables) | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure Of Entitys Operating Segments Text Block Abstract | |
Schedule of operating results of the group | June 30, 2022 Corporate E-commerce Online Advertising Online Event Others Adjustments and eliminations Total USD in thousands Total segments’ assets 29,515 7,593 42,082 4,997 *10,600 (473 ) 94,314 Total segments’ liabilities (1,313 ) (6,912 ) (31,718 ) (4,690 ) (335 ) 3,843 (41,125 ) December 31, 2021 Corporate E-commerce Online Others Adjustments and eliminations Total USD in thousands Total segments’ assets 33,695 7,412 9,357 * 11,692 ** (2,926 ) 59,730 Total segments’ liabilities (1,571 ) (6,159 ) (4,282 ) (399 ) 4,114 (8,297 ) |
Schedule of operating results of the group | Six months ended June 30, 2022 Corporate E-commerce Online Advertising Online Event Others Adjustments Total USD in thousands External revenue - 2,343 31,144 1,472 - - 34,959 Segment results – operating income (loss) (3,366 ) (1,098 ) 638 * (310 ) (1,385 )** (807 ) (6,328 ) Non-operating income (loss) 64 (63 ) (56 ) - 137 2,300 2,382 Finance income (loss) 330 (272 ) (620 ) (277 ) (2 ) 48 (793 ) Profit (Loss) before taxes on income (2972 ) (1,433 ) (38 ) (587 ) (1,250 ) 1,541 (4,739 ) Tax benefit (expense) on income (5 ) (93 ) (15 ) - (6 ) 110 (9 ) Segment results – profit (loss) (2,977 ) (1,526 ) (53 ) (587 ) (1,256 ) 1,651 (4,748 ) Year ended December 31, 2021 Corporate E-commerce Online Others Adjustments and eliminations Total USD in thousands External revenue 2,400 6,509 1,185 24 - 10,118 Segment results – operating income (loss) (2,271 ) (932 ) (3,229 )* (3,531 )** 68 (9,895 ) Non-operating income 2,509 - - 494 11,390 14,393 Finance income (loss) 555 (629 ) (206 ) (15 ) (52 ) (347 ) Profit ( Loss) before taxes on income 793 (1,561 ) (3,435 ) (3,052 ) 11,406 4,151 Tax benefit (expense) on income - 21 - - (126 ) (105 ) Segment results – profit (loss) 793 (1,540 ) (3,435 ) (3,052 ) 11,280 4,046 |
General (Details)
General (Details) - USD ($) $ in Thousands | 6 Months Ended | ||
Jan. 13, 2020 | Jun. 30, 2022 | Feb. 28, 2022 | |
General (Details) [Line Items] | |||
Cash and cash equivalent (in Dollars) | $ 9,400 | ||
GERD IP Inc [Member] | |||
General (Details) [Line Items] | |||
Stock capital, percentage | 90% | ||
Capital notes issued (in Dollars) | $ 2,000 | ||
Eventer Technologies Ltd. [Member] | |||
General (Details) [Line Items] | |||
Percentage of issued and outstanding | 46.21% | ||
Gix Internet Ltd. [Member] | |||
General (Details) [Line Items] | |||
Percentage of interests | 38.03% | ||
Jeffs’ Brands Ltd [Member] | |||
General (Details) [Line Items] | |||
Ownership interest, percentage | 50.03% | ||
Parazero Technologies Ltd. [Member] | |||
General (Details) [Line Items] | |||
Ownership interest, percentage | 40.35% | ||
Polyrizon Ltd. [Member] | |||
General (Details) [Line Items] | |||
Ownership interest, percentage | 37.03% | ||
Fuel Doctor Holding Inc. [Member] | |||
General (Details) [Line Items] | |||
Ownership interest, percentage | 35.06% | ||
Laminera Flow Optimization Ltd. [Member] | |||
General (Details) [Line Items] | |||
Ownership interest, percentage | 19.70% | ||
Elbit Imaging Ltd. [Member] | |||
General (Details) [Line Items] | |||
Ownership interest, percentage | 5.72% | ||
Automax Ltd. [Member] | |||
General (Details) [Line Items] | |||
Ownership interest, percentage | 5.63% | ||
ClearMind Medicine, Inc. [Member] | |||
General (Details) [Line Items] | |||
Ownership interest, percentage | 5.02% | ||
SciSparc Ltd. [Member] | |||
General (Details) [Line Items] | |||
Ownership interest, percentage | 5.11% | ||
Safee Cyber Technologies Ltd. [Member] | |||
General (Details) [Line Items] | |||
Ownership interest, percentage | 2.35% | ||
Maris-Tech Ltd. [Member] | |||
General (Details) [Line Items] | |||
Ownership interest, percentage | 1.31% | ||
Colugo Systems Ltd. [Member] | |||
General (Details) [Line Items] | |||
Ownership interest, percentage | 0.97% | ||
Safe Foods, Inc. [Member] | |||
General (Details) [Line Items] | |||
Ownership interest, percentage | 0.47% | ||
Tondo Smart Ltd. [Member] | |||
General (Details) [Line Items] | |||
Ownership interest, percentage | 0.75% |
Financial Instruments and Fin_3
Financial Instruments and Financial Risk Management (Details) - $ / shares | 6 Months Ended | |||||
Feb. 03, 2022 | Feb. 01, 2022 | Nov. 28, 2017 | Mar. 29, 2017 | Dec. 06, 2016 | Jun. 30, 2022 | |
Financial Instruments and Financial Risk Management (Details) [Line Items] | ||||||
Expected volatility percentage | 102.37% | |||||
Risk-free interest percentage | 3% | |||||
Expected term | 5 years | |||||
Warrants price per share (in Dollars per share) | $ 4.2 | $ 1.11 | ||||
ClearMind investment percentage | 8)ClearMind investment – On February 3, 2022, the Company invested in ClearMind USD 1.25 thousands in consideration for 1,987,344 units, comprised of one Common Share and one warrant to purchase one Common Share. Additionally, each warrant will be exercisable for a period of 18 months into one additional Common Share at an exercise price of CAD $2.00 per share. The transaction closed on April 25, 2022. | |||||
Warrants [Member] | ||||||
Financial Instruments and Financial Risk Management (Details) [Line Items] | ||||||
Expected volatility percentage | 64.64% | 63.20% | 63.32% | |||
Risk-free interest percentage | 0.19% | 0.19% | 0.19% | |||
Expected term | 5 years 6 months | 5 years | 5 years 6 months | |||
SAFO Warrants [Member] | ||||||
Financial Instruments and Financial Risk Management (Details) [Line Items] | ||||||
Expected volatility percentage | 89.84% | |||||
Risk-free interest percentage | 0.97% | |||||
Expected term | 3 years | |||||
Warrants price per share (in Dollars per share) | $ 7.56 | |||||
Warrant description | 8)SAFO warrants- the Company used the Black-Scholes model, using the following principal assumptions: share price: USD 7.56, expected volatility of 78.86%, risk-free interest of 0.97%, expected term of 3 years following the grant date. The asset amount is adjusted at each statement of financial position date based on the then relevant assumptions, until the earlier of full exercise or expiration. | |||||
Polyrizon Options [Member] | ||||||
Financial Instruments and Financial Risk Management (Details) [Line Items] | ||||||
Expected volatility percentage | 80.69% | |||||
Risk-free interest percentage | 2.80% | |||||
Expected term | 2 years 9 months 7 days | |||||
Warrants price per share (in Dollars per share) | $ 0.0544 | |||||
Polyrizon Options [Member] | Non-IPO [Member] | ||||||
Financial Instruments and Financial Risk Management (Details) [Line Items] | ||||||
Expected volatility percentage | 87.86% | |||||
Risk-free interest percentage | 0.85% | |||||
Expected term | 2 years 9 months 7 days | |||||
Warrants price per share (in Dollars per share) | $ 0.0544 | |||||
Polyrizon Options [Member] | IPO [Member] | ||||||
Financial Instruments and Financial Risk Management (Details) [Line Items] | ||||||
Expected volatility percentage | 93.76% | |||||
Risk-free interest percentage | 0.97% | |||||
Expected term | 3 years 6 months 18 days | |||||
Expected IPO share price percentage | 120% | |||||
IPO [Member] | ||||||
Financial Instruments and Financial Risk Management (Details) [Line Items] | ||||||
Expected volatility percentage | 98.86% | |||||
Risk-free interest percentage | 3% | |||||
Expected term | 3 years 6 months 18 days | |||||
Share price percentage | 120% | |||||
Black & Scholes Option [Member] | ||||||
Financial Instruments and Financial Risk Management (Details) [Line Items] | ||||||
Expected volatility percentage | 107.46% | |||||
Risk-free interest percentage | 1.43% | |||||
Expected term | 18 months | |||||
Warrants price per share (in Dollars per share) | $ 1.57 | |||||
Black & Scholes Option [Member] | Warrants [Member] | ||||||
Financial Instruments and Financial Risk Management (Details) [Line Items] | ||||||
Expected volatility percentage | 63.20% | |||||
Risk-free interest percentage | 0.19% | |||||
Expected term | 5 years 6 months | |||||
Binomial Option [Member] | ||||||
Financial Instruments and Financial Risk Management (Details) [Line Items] | ||||||
Risk-free interest percentage | 3.10% | |||||
Expected term | 18 months | |||||
Anti-Dilution [Member] | ||||||
Financial Instruments and Financial Risk Management (Details) [Line Items] | ||||||
Warrant description | 2)Anti-dilution feature - the Company used the Black-Scholes model, using the following principal assumptions: share price: NIS 1.45, 25% probability for the occurrence of an anti-dilution event, expected volatility of 46.85%, risk-free interest of 0.67%, expected term of 3 years following the issuance date. | |||||
Scoutcam Warrants [Member] | ||||||
Financial Instruments and Financial Risk Management (Details) [Line Items] | ||||||
Expected volatility percentage | 49.50% | |||||
Risk-free interest percentage | 0.65% | |||||
Expected term | 3 years | |||||
Warrants price per share (in Dollars per share) | $ 6.3 | |||||
Gix Warrants [Member] | ||||||
Financial Instruments and Financial Risk Management (Details) [Line Items] | ||||||
Warrant description | 4)Gix Internet warrants - the Company used the Black-Scholes model, using the following principal assumptions: share price of NIS 1.45, expected volatility of 46.85%, risk-free interest of 0.67%, expected term of 3 years following the grant date. | |||||
Maris Investment [Member] | ||||||
Financial Instruments and Financial Risk Management (Details) [Line Items] | ||||||
Warrants price per share (in Dollars per share) | 4.2 | |||||
Nasdaq price per share (in Dollars per share) | $ 3.15 | |||||
Maris Investment [Member] | Non-IPO [Member] | ||||||
Financial Instruments and Financial Risk Management (Details) [Line Items] | ||||||
Expected volatility percentage | 63.20% | |||||
Risk-free interest percentage | 0.24% | |||||
Expected term | 2 years 6 months | |||||
Warrants price per share (in Dollars per share) | $ 3.15 | |||||
Maris Investment [Member] | IPO [Member] | ||||||
Financial Instruments and Financial Risk Management (Details) [Line Items] | ||||||
Expected volatility percentage | 55.81% | |||||
Risk-free interest percentage | 0.81% | |||||
Expected term | 5 years | |||||
Warrants price per share (in Dollars per share) | $ 3.15 |
Financial Instruments and Fin_4
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 | |
Level 1 [Member] | |||
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset [Line Items] | |||
Fair value of financial assets | $ 2,614 | $ 3,069 | |
Level 3 [Member] | |||
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset [Line Items] | |||
Fair value of financial assets | 3,517 | 1,848 | |
Investment in SAFO [Member] | Level 1 [Member] | |||
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset [Line Items] | |||
Fair value of financial assets | 40 | 53 | |
Investment in Tondo [Member] | Level 1 [Member] | |||
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset [Line Items] | |||
Fair value of financial assets | 161 | 429 | |
Investment in SciSparc [Member] | Level 1 [Member] | |||
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset [Line Items] | |||
Fair value of financial assets | 866 | 911 | |
Investment in Maris [Member] | Level 1 [Member] | |||
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset [Line Items] | |||
Fair value of financial assets | 114 | ||
Investment in Automax – bonds [Member] | Level 1 [Member] | |||
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset [Line Items] | |||
Fair value of financial assets | 9 | ||
Investments in Automax –shares [Member] | Level 1 [Member] | |||
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset [Line Items] | |||
Fair value of financial assets | 1,424 | 1,676 | |
Maris Investment [Member] | Level 3 [Member] | |||
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset [Line Items] | |||
Fair value of financial assets | [1] | 246 | |
Safee investment [Member] | Level 3 [Member] | |||
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset [Line Items] | |||
Fair value of financial assets | 400 | 400 | |
Maris warrants [Member] | Level 3 [Member] | |||
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset [Line Items] | |||
Fair value of financial assets | 42 | 57 | |
Polyrizon warrants [Member] | Level 3 [Member] | |||
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset [Line Items] | |||
Fair value of financial assets | 512 | 516 | |
Laminera [Member] | Level 3 [Member] | |||
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset [Line Items] | |||
Fair value of financial assets | 126 | ||
Anti-dilution – Gix Internet [Member] | Level 3 [Member] | |||
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset [Line Items] | |||
Fair value of financial assets | 469 | ||
SAFO Warrants [Member] | Level 3 [Member] | |||
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset [Line Items] | |||
Fair value of financial assets | 32 | 34 | |
ClearMind [Member] | Level 3 [Member] | |||
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset [Line Items] | |||
Fair value of financial assets | 1,296 | ||
Parazero-SAFE [Member] | Level 3 [Member] | |||
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset [Line Items] | |||
Fair value of financial assets | 521 | ||
Polyrizon- SAFE [Member] | Level 3 [Member] | |||
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset [Line Items] | |||
Fair value of financial assets | 314 | ||
Colugo investment [Member] | Level 3 [Member] | |||
Financial Instruments and Financial Risk Management (Details) - Schedule of financial asset [Line Items] | |||
Fair value of financial assets | $ 400 | ||
[1]Classified as short-term investments. |
Financial Instruments and Fin_5
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Level 1 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | $ 3,069 | $ 113 |
Ending balance | 2,614 | 3,069 |
Initial recognition at fair value upon dilution of equity investment | 1,553 | |
Purchase of securities | 176 | 1,576 |
Net change in fair value of financial assets at fair value recognized through profit or loss | (327) | (131) |
Sale of securities | (404) | (42) |
Realized gain | 68 | |
Currency exchange differences | (215) | |
Transfer from level 3 to level 1 | 247 | |
Level 3 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | 1,848 | 4,416 |
Ending balance | 3,517 | 1,448 |
Initial recognition at fair value of ScoutCam warrants upon deconsolidation (note 4.C) | 97 | |
Exercise of warrants (note 4.C) | (51) | |
Initial recognition of financial asset | 2,510 | 366 |
Net change in fair value of financial assets at fair value recognized through profit or loss | 67 | 1,037 |
Exercise of Conversion Right (see note 4.F) | (4,417) | |
Currency exchange differences | (31) | |
Transfer from level 3 to level 1 | (247) | |
Transfer to equity investment treatment | (633) | |
SAFO [Member] | Level 1 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | 53 | 113 |
Ending balance | 40 | 53 |
Initial recognition at fair value upon dilution of equity investment | ||
Purchase of securities | ||
Net change in fair value of financial assets at fair value recognized through profit or loss | (13) | (60) |
Sale of securities | ||
Realized gain | ||
Currency exchange differences | ||
Transfer from level 3 to level 1 | ||
TONDO [Member] | Level 1 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | 429 | |
Ending balance | 161 | |
Purchase of securities | ||
Net change in fair value of financial assets at fair value recognized through profit or loss | 36 | |
Sale of securities | (344) | |
Realized gain | 67 | |
Currency exchange differences | (27) | |
Transfer from level 3 to level 1 | ||
SciSparc Ltd. [Member] | Level 1 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | 911 | |
Ending balance | 866 | 911 |
Initial recognition at fair value upon dilution of equity investment | ||
Purchase of securities | 32 | 825 |
Net change in fair value of financial assets at fair value recognized through profit or loss | (77) | 86 |
Sale of securities | ||
Realized gain | ||
Currency exchange differences | ||
Transfer from level 3 to level 1 | ||
Maris [Member] | Level 1 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | ||
Ending balance | 114 | |
Purchase of securities | 75 | |
Net change in fair value of financial assets at fair value recognized through profit or loss | (208) | |
Sale of securities | ||
Realized gain | ||
Currency exchange differences | ||
Transfer from level 3 to level 1 | 247 | |
Automax shares [Member] | Level 1 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | 1,676 | |
Ending balance | 1,424 | 1,676 |
Initial recognition at fair value upon dilution of equity investment | 1,553 | |
Purchase of securities | 279 | |
Net change in fair value of financial assets at fair value recognized through profit or loss | (65) | (156) |
Sale of securities | ||
Realized gain | ||
Currency exchange differences | (187) | |
Transfer from level 3 to level 1 | ||
Automax – bonds [Member] | Level 1 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | ||
Ending balance | 9 | |
Purchase of securities | 69 | |
Net change in fair value of financial assets at fair value recognized through profit or loss | ||
Sale of securities | (60) | |
Realized gain | 1 | |
Currency exchange differences | (1) | |
Transfer from level 3 to level 1 | ||
Tondo [Member] | Level 1 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | ||
Ending balance | 429 | |
Initial recognition at fair value upon dilution of equity investment | ||
Purchase of securities | 472 | |
Net change in fair value of financial assets at fair value recognized through profit or loss | (1) | |
Sale of securities | (42) | |
Maris Investment [Member] | Level 3 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | 303 | |
Ending balance | 42 | |
Initial recognition of financial asset | 25 | |
Net change in fair value of financial assets at fair value recognized through profit or loss | (39) | |
Currency exchange differences | ||
Transfer from level 3 to level 1 | (247) | |
Transfer to equity investment treatment | ||
Polyrizon warrants [Member] | Level 3 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | 516 | |
Ending balance | 512 | 516 |
Initial recognition at fair value of ScoutCam warrants upon deconsolidation (note 4.C) | ||
Exercise of warrants (note 4.C) | ||
Initial recognition of financial asset | ||
Net change in fair value of financial assets at fair value recognized through profit or loss | (4) | 516 |
Exercise of Conversion Right (see note 4.F) | ||
Currency exchange differences | ||
Transfer from level 3 to level 1 | ||
Transfer to equity investment treatment | ||
Laminera (formerly ABI) [Member] | Level 3 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | 126 | |
Ending balance | 126 | |
Initial recognition at fair value of ScoutCam warrants upon deconsolidation (note 4.C) | ||
Exercise of warrants (note 4.C) | ||
Initial recognition of financial asset | 126 | |
Net change in fair value of financial assets at fair value recognized through profit or loss | 507 | |
Exercise of Conversion Right (see note 4.F) | ||
Currency exchange differences | ||
Transfer from level 3 to level 1 | ||
Transfer to equity investment treatment | (633) | |
Anti- dilution- Gix [Member] | Level 3 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | 469 | |
Ending balance | ||
Initial recognition of financial asset | ||
Net change in fair value of financial assets at fair value recognized through profit or loss | (460) | |
Currency exchange differences | (9) | |
Transfer from level 3 to level 1 | ||
Transfer to equity investment treatment | ||
Safee [Member] | Level 3 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | 400 | |
Ending balance | 400 | |
Initial recognition of financial asset | ||
Net change in fair value of financial assets at fair value recognized through profit or loss | ||
Currency exchange differences | ||
Transfer from level 3 to level 1 | ||
Transfer to equity investment treatment | ||
SAFO Warrants [Member] | Level 3 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | 34 | 98 |
Ending balance | 32 | 34 |
Initial recognition at fair value of ScoutCam warrants upon deconsolidation (note 4.C) | ||
Exercise of warrants (note 4.C) | ||
Initial recognition of financial asset | ||
Net change in fair value of financial assets at fair value recognized through profit or loss | (2) | (64) |
Exercise of Conversion Right (see note 4.F) | ||
Currency exchange differences | ||
Transfer from level 3 to level 1 | ||
Transfer to equity investment treatment | ||
Clear Mind investment [Member] | Level 3 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | ||
Ending balance | 1,296 | |
Initial recognition of financial asset | 1,250 | |
Net change in fair value of financial assets at fair value recognized through profit or loss | 68 | |
Currency exchange differences | (22) | |
Transfer from level 3 to level 1 | ||
Transfer to equity investment treatment | ||
Parazero-SAFE [Member] | Level 3 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | ||
Ending balance | 521 | |
Initial recognition of financial asset | 521 | |
Net change in fair value of financial assets at fair value recognized through profit or loss | ||
Currency exchange differences | ||
Transfer from level 3 to level 1 | ||
Transfer to equity investment treatment | ||
Polyrizon- SAFE [Member] | Level 3 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | ||
Ending balance | 314 | |
Initial recognition of financial asset | 314 | |
Net change in fair value of financial assets at fair value recognized through profit or loss | ||
Currency exchange differences | ||
Transfer from level 3 to level 1 | ||
Transfer to equity investment treatment | ||
Colugo investmen [Member] | Level 3 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | ||
Ending balance | 400 | |
Initial recognition of financial asset | 400 | |
Net change in fair value of financial assets at fair value recognized through profit or loss | ||
Currency exchange differences | ||
Transfer from level 3 to level 1 | ||
Transfer to equity investment treatment | ||
Gix Media’s shares [Member] | Level 3 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | 2,438 | |
Ending balance | ||
Initial recognition at fair value of ScoutCam warrants upon deconsolidation (note 4.C) | ||
Exercise of warrants (note 4.C) | ||
Initial recognition of financial asset | ||
Net change in fair value of financial assets at fair value recognized through profit or loss | 373 | |
Exercise of Conversion Right (see note 4.F) | (2,811) | |
Gix warrants [Member] | Level 3 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | 14 | |
Ending balance | ||
Initial recognition at fair value of ScoutCam warrants upon deconsolidation (note 4.C) | ||
Exercise of warrants (note 4.C) | ||
Initial recognition of financial asset | ||
Net change in fair value of financial assets at fair value recognized through profit or loss | (14) | |
Exercise of Conversion Right (see note 4.F) | ||
Scoutcam warrants [Member] | Level 3 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | ||
Ending balance | ||
Initial recognition at fair value of ScoutCam warrants upon deconsolidation (note 4.C) | 97 | |
Exercise of warrants (note 4.C) | (51) | |
Initial recognition of financial asset | ||
Net change in fair value of financial assets at fair value recognized through profit or loss | (46) | |
Exercise of Conversion Right (see note 4.F) | ||
Maris investment and warrants [Member] | Level 3 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | ||
Ending balance | 303 | |
Initial recognition at fair value of ScoutCam warrants upon deconsolidation (note 4.C) | ||
Exercise of warrants (note 4.C) | ||
Initial recognition of financial asset | 240 | |
Net change in fair value of financial assets at fair value recognized through profit or loss | 63 | |
Exercise of Conversion Right (see note 4.F) | ||
Conversion right [Member] | Level 3 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | 1,393 | |
Ending balance | ||
Initial recognition at fair value of ScoutCam warrants upon deconsolidation (note 4.C) | ||
Exercise of warrants (note 4.C) | ||
Initial recognition of financial asset | ||
Net change in fair value of financial assets at fair value recognized through profit or loss | 213 | |
Exercise of Conversion Right (see note 4.F) | (1,606) | |
Anti-dilution [Member] | Level 3 [Member] | ||
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value of financial instruments [Line Items] | ||
Opening balance | 473 | |
Ending balance | 469 | |
Initial recognition at fair value of ScoutCam warrants upon deconsolidation (note 4.C) | ||
Exercise of warrants (note 4.C) | ||
Initial recognition of financial asset | ||
Net change in fair value of financial assets at fair value recognized through profit or loss | (4) | |
Exercise of Conversion Right (see note 4.F) |
Financial Instruments and Fin_6
Financial Instruments and Financial Risk Management (Details) - Schedule of fair value measurement of liabilities - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2022 | Dec. 31, 2021 | Mar. 31, 2021 | |
Financial liabilities at fair value through profit or loss - | |||
Fair value of warrants | $ 854 | $ 692 | $ 11,843 |
Level 1 [Member] | |||
Financial liabilities at fair value through profit or loss - | |||
Fair value of warrants | 654 | 555 | |
Level 3 [Member] | |||
Financial liabilities at fair value through profit or loss - | |||
Fair value of warrants | $ 200 | $ 137 |
Interest in Other Entities (Det
Interest in Other Entities (Details) ₪ / shares in Units, $ / shares in Units, ₪ in Thousands, $ in Thousands | 1 Months Ended | 4 Months Ended | 6 Months Ended | 12 Months Ended | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Oct. 14, 2022 USD ($) | Aug. 30, 2022 shares | Jul. 08, 2022 shares | May 09, 2022 | May 08, 2022 USD ($) | May 03, 2022 USD ($) | Apr. 07, 2022 USD ($) | Feb. 03, 2022 | Feb. 02, 2022 USD ($) | Jan. 28, 2022 USD ($) shares | Dec. 22, 2021 USD ($) shares | Dec. 07, 2021 USD ($) $ / shares shares | Oct. 14, 2021 | Jul. 09, 2021 USD ($) | Jul. 05, 2021 USD ($) | Jul. 05, 2021 USD ($) | Jul. 02, 2021 USD ($) | Jun. 30, 2021 USD ($) | May 10, 2021 USD ($) | Mar. 09, 2021 USD ($) shares | Feb. 04, 2021 | Feb. 02, 2021 USD ($) | Jan. 07, 2021 | Jan. 02, 2021 | Oct. 14, 2020 | Oct. 08, 2020 USD ($) | Jan. 19, 2020 USD ($) shares | Nov. 01, 2018 shares | Jun. 17, 2022 shares | May 25, 2022 shares | Mar. 31, 2022 USD ($) shares | Mar. 31, 2022 USD ($) shares | Mar. 06, 2022 ILS (₪) | Feb. 28, 2022 USD ($) $ / shares shares | Feb. 22, 2022 USD ($) | Feb. 17, 2022 shares | Jan. 31, 2022 USD ($) | Jan. 27, 2022 USD ($) | Dec. 30, 2021 ILS (₪) | Nov. 30, 2021 USD ($) | Nov. 23, 2021 USD ($) | Oct. 31, 2021 USD ($) | Sep. 22, 2021 USD ($) | Aug. 25, 2021 USD ($) shares | Jul. 31, 2021 USD ($) | Jul. 23, 2021 USD ($) | Jun. 28, 2021 shares | Apr. 30, 2021 | Mar. 31, 2021 USD ($) shares | Mar. 30, 2021 ILS (₪) ₪ / shares | Mar. 25, 2021 USD ($) shares | Mar. 25, 2021 ILS (₪) shares | Mar. 22, 2021 USD ($) $ / shares shares | Feb. 19, 2021 | Dec. 18, 2020 USD ($) | Nov. 30, 2020 USD ($) | Nov. 30, 2020 ILS (₪) | Sep. 30, 2020 | Jul. 31, 2020 USD ($) shares | Mar. 24, 2020 shares | Jun. 19, 2019 USD ($) shares | Jun. 30, 2022 USD ($) $ / shares shares | Jun. 30, 2022 USD ($) $ / shares shares | Jun. 30, 2022 ILS (₪) shares | Jun. 30, 2021 USD ($) | Jul. 02, 2022 | Dec. 31, 2021 USD ($) $ / shares shares | Dec. 31, 2021 ILS (₪) | Mar. 31, 2021 USD ($) shares | Jan. 19, 2021 shares | Dec. 31, 2020 USD ($) | Jun. 30, 2022 ILS (₪) shares | Jun. 21, 2022 USD ($) shares | Jun. 21, 2022 ILS (₪) shares | Jun. 02, 2022 USD ($) | Apr. 26, 2022 USD ($) | Mar. 11, 2022 USD ($) | Jan. 28, 2022 AUD ($) shares | Jan. 19, 2022 shares | ||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Voting percentage | 50% | 50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Holdings interest percentage | 38.03% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of warrant exercise price per share (in Dollars per share) | $ / shares | $ 4 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Common stock equal shares percentage | 135% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest percentage | 4% | 28.06% | 5.63% | 5.63% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total fair value | $ 11,465 | $ 11,465 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additional gain | $ 97,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Warrant description | During February and June 2021, the Company exercised 37,349 and 43,749 Warrants A, respectively, for a total exercise price of USD 234 thousand. In addition, 185,271 Warrants B were exercised by others. During November 2021, 192,220 Warrants A were exercised. During 2021, 878,462 Warrants B were expired. As of December 31, 2021, all Warrants A were exercised, and 459,137 Warrants B remained and expired on May 18, 2022 As of December 31, 2021 and As of June 30, 2022, the Company owns approximately 27.02% of the outstanding common stock of ScoutCam. | During February and June 2021, the Company exercised 37,349 and 43,749 Warrants A, respectively, for a total exercise price of USD 234 thousand. In addition, 185,271 Warrants B were exercised by others. During November 2021, 192,220 Warrants A were exercised. During 2021, 878,462 Warrants B were expired. As of December 31, 2021, all Warrants A were exercised, and 459,137 Warrants B remained and expired on May 18, 2022 As of December 31, 2021 and As of June 30, 2022, the Company owns approximately 27.02% of the outstanding common stock of ScoutCam. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchase agreement, description | October 14, 2020, the Company signed a share purchase agreement and a revolving loan agreement with Eventer, a technology company engaged in the development of unique tools for automatic creation, management, promotion, and billing of events and ticketing sales. Pursuant to the share purchase agreement, the Company invested USD 750 thousand and were issued an aggregate of 325,270 ordinary shares of Eventer, representing 58.7% of the issued and outstanding share capital. The share purchase agreement provides that the Company will invest an additional USD 250 thousand in a second tranche, subject to Eventer achieving certain post-closing EBITDA based milestones during the fiscal years 2021 through 2023, or the “Milestones”. The Milestone will be examined in each of the years 2021 through 2023. The fair value of the earn-out was calculated by using a Monte Carlo Simulation. According to this model, the fair value of the earn-out was NIS 233 thousand (USD 69 thousand) as of October 14, 2020. In addition, the Company granted a loan to Eventer in the amount of USD 250 thousand (“Initial Advance”), and the loan was valued at USD 204 thousand. According to the loan agreement, the Company committed to lend up to USD 1,250 thousand to Eventer through advances of funds upon Eventer’s request and subject to the Company approval. The Company extended the Initial Advance on account of its commitment to lend up to USD 1,250 thousand. Advances extended under the Loan Agreement may be repaid and borrowed, in part or in full, from time to time. The Initial Advance should be repaid in twenty-four equal monthly installments, commencing on the first anniversary of the Loan Agreement. Other advances extended under the Loan Agreement will be repaid immediately following, and in no event later than thirty days following the completion of the project or purpose for which they were made. Outstanding principal balances on the advances will bear interest at a rate equal to the higher of (i) 4% per year, or (ii) the interest rate determined by the Israeli Income Tax Ordinance [New Version] 5721-1961 and the rules and regulation promulgated thereunder. Interest payments will be made on a monthly basis. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Eventer, description | Eventer completed a finance round of an USD 2,250 thousand (NIS 7,300 thousand) from a group of 7 investors, in exchange for 146,637 shares, representing 20% of Eventer’s outstanding shares after consummation of the investment. As part of the investment agreement, Keshet Holdings LP (“Keshet”), one of the 7 investors, committed to provide Eventer with advertising services for USD 1,250 thousand (approximately NIS 4,000 thousand), over a period of 1 year, until June 30, 2022. The agreement further indicated that the investment proceeds which paid by Keshet to be netted by USD 1,250 thousands that will be paid for the above-mentioned advertising services. Eventer is not entitled to a refund in the event these advertising services are unutilized through the entire period until June 30, 2022. Following lack of usage of advertising services by Eventer till 30 June, 2022 Eventer and Keshet agreed to extend the entitlement period till December 31, 2022, such that the original volume would be utilized. As the extension in time period is not entitling Eventer to additional advertisement services, there is no additional benefit given to Eventer . Consequently, the Company held 47.69% of Eventer issued and outstanding share capital. The transaction was accounted for in the Group’s consolidated financial statements as a transaction with non-controlling interest. | Eventer completed a finance round of an USD 2,250 thousand (NIS 7,300 thousand) from a group of 7 investors, in exchange for 146,637 shares, representing 20% of Eventer’s outstanding shares after consummation of the investment. As part of the investment agreement, Keshet Holdings LP (“Keshet”), one of the 7 investors, committed to provide Eventer with advertising services for USD 1,250 thousand (approximately NIS 4,000 thousand), over a period of 1 year, until June 30, 2022. The agreement further indicated that the investment proceeds which paid by Keshet to be netted by USD 1,250 thousands that will be paid for the above-mentioned advertising services. Eventer is not entitled to a refund in the event these advertising services are unutilized through the entire period until June 30, 2022. Following lack of usage of advertising services by Eventer till 30 June, 2022 Eventer and Keshet agreed to extend the entitlement period till December 31, 2022, such that the original volume would be utilized. As the extension in time period is not entitling Eventer to additional advertisement services, there is no additional benefit given to Eventer . Consequently, the Company held 47.69% of Eventer issued and outstanding share capital. The transaction was accounted for in the Group’s consolidated financial statements as a transaction with non-controlling interest. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Finance round amount | $ 2,250,000 | ₪ 7,300 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investors |shares (in Shares) | shares | 65,310 | 146,637 | 146,637 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding share capital percentage | 2% | 20% | 20% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Advertising services | $ 1,250,000 | ₪ 4,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected term over the period | 1 year | 1 year | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Adjusted downward percentage | 50% | 50% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Received shares (in Shares) | shares | 19,518 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Eventer decreased interest rate percentage | 46.21% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan amount | $ 250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Development services | $ 1,500,000 | ₪ 4,280 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revenues percentage | 8% | 8% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Agreement with Screenz Cross Media Ltd description | On December 30, 2021, the Board of Directors approved an amendment to the agreement between Eventer and Screenz effective September 30, 2021 (the “Effective Date”). As per the amendment, instead of USD 1,500, Eventer will pay in exchange for the license an aggregate amount of USD 1,800 thousand, and the repayment term is to be extended to a period of three years, in monthly installments of approximately USD 50 each. Eventer evaluated the change in the terms of the commitment in accordance with IFRS 9 and concluded that the change was material. As of the Effective Date Eventer’s debt to Screenz was USD 1,300 thousand. The fair value of the debt as of September 30, 2021, was valued at USD 1,415 thousands. The difference between the carrying value of the payable balance immediately prior to the Effective Date and the fair value of the debt amounted to USD 115 thousands and recorded as finance loss. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Eventer total amount | $ 1,110,000 | $ 1,217,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Finance costs | 470,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Salary amount (in New Shekels) | ₪ | ₪ 33 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise price (in New Shekels per share) | ₪ / shares | ₪ 0.001 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
over the period | 3 years | 3 years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk-free interest rate | 0.49% | 0.15% | 0.15% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise price | 0% | 0% | 0% | 28.06% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected volatility | 47.02% | 47.02% | 47.02% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forecasted life | 5 years | 10 years | 10 years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Eventer’s board of directors description | On February 4, 2021, the Eventer’s Board of Directors approved a contractual agreement with Mr. Liron Carmel as the Chairman of the Board of Directors of Eventer. According to the agreement, the engagement between Eventer and Mr. Carmel commenced on January 1, 2021. The monthly professional fee will be approximately NIS 20 thousand. In addition to the professional fee, Eventer granted options to purchase a quantity of ordinary shares that will constitute approximately 2% of the Eventer’s issued and outstanding ordinary shares immediately after the public offering is completed as options grant. The options shall vest over a period of three years, commencing the engagement date. The exercise price of 50% of the options granted will be equal the public offering price, and 50% will equal the share price of the capital raising round that preceded the public offering price. The fair value of the options granted is estimated on the grant date, using the Black-Scholes Model, according to the following parameters: (a) risk-free interest rate – 0.49%; (b) expected dividend – 0%; (c) expected volatility – 47.02%; (d) forecasted life – 5 years. The value of this grant was estimated at approximately NIS 277 thousand. For the year ended December 31, 2021, approximately NIS 186 thousand were recognized and recorded as expenses. For the six months ended June 30, 2022, approximately NIS 43 thousand were recognized and recorded as expenses. | On March 30, 2021, Eventer’s Board of Directors approved a contractual agreement with Round Robin Ltd. which one of the founding partners of Eventer. The date of the commencement of the agreement is January 1, 2021. Under the agreement, Round Robin Ltd. will provide Eventer with 12 monthly hours of technological consulting, and in exchange, Eventer will grant Round Robin Ltd. 29,944 options to purchase one share at exercise price of 0.001 NIS per share. The options shall vest over a period of three years commencing the engagement date with 1/12 of such options vesting at the end of each subsequent three-month period following the grant. The fair value of the option granted is estimated on the grant date, using the Black-Scholes Model, according to the following parameters: (a) risk-free interest rate – 0.15%; (b) expected dividend – 0%; (c) expected volatility – 47.02%; (d) forecasted life – 10 years. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated value (in New Shekels) | ₪ | ₪ 1,668 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recognized expenses (in New Shekels) | ₪ | ₪ 254 | ₪ 1,123 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise price percentage | 50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Public offering percentage | 50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated amount (in New Shekels) | $ 220,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Granted amount (in New Shekels) | ₪ | ₪ 8 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bonus amount | $ 90,000 | $ 60,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Aggregate in restricted amount | $ 750,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing arrangement, description | Also, the Company agreed to financing arrangements including (i) providing financing by way of a stockholder loan of a principal amount equal to USD 250 thousand which may be extended up to an aggregate cap of USD 1 million of which the Company will finance 60% with the remaining 40% to be financed by the other Pro’s and Purex’ stockholders; and (ii) additional financing of up to a principal amount of USD 1 million, to finance the acquisition of additional online Amazon stores provided that such acquisition financing will constitute 80% of the applicable acquisition cost, with the remaining 20% to be financed by the other Pro’s and Purex’ stockholders. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Extended loan amount | $ 3,760,000 | $ 250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual interest | 4% | 4% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invested amount | $ 5,400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Hold share percentage | 50.03% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value amount | $ 32,967 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans amount | $ 940,000 | $ 940,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
outstanding loans amount | 109,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dividing paid amount | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
loans received | $ 153,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Repayment of previous amazon loan balance | $ 14,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual interest rate | 9.99% | 10% | 9.99% | 10% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additional interest rate | 1% | 1% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares aggregate value | $ 125,000 | $ 125,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value of option liability | 31,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revaluation of the liability | $ 31,500 | 31,500 | $ 37,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial gain amount | $ 7,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Principal of loans | $ 375,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provide for line of credit | $ 400,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financing rate | 3.25% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DeferredOfferingCost | $ 497,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ordinary shares outstanding (in Shares) | shares | 24,591,470 | 24,591,470 | 23,850,128 | 24,591,470 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued (in Shares) | shares | 24,591,470 | 24,591,470 | 23,850,128 | 24,591,470 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ordinary shares reserved exercise option shares (in Shares) | shares | 1,307,027 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Description of ordinary shares and incentive plan | On February 17, 2022, Jeffs’ Brands board of directors approved the issuance of bonus shares (equivalent to a stock dividend) on a basis of 664.0547 (prior to adjustments for subsequent reverse share split) Ordinary Shares for each Ordinary Share issued and outstanding as of the close of business on February 17, 2022 (provided that any fractional shares be rounded down to the nearest whole number), pursuant to which holders of Jeffs’ Brands ordinary shares received 664.0547 (prior to adjustments for subsequent reverse share split) ordinary shares for every one ordinary share held as of such date, resulting in an aggregate issuance by Jeffs’ Brands of 6,630,547 (prior to adjustments for subsequent reverse share split) Ordinary Shares on such date. | On February 17, 2022, Jeffs’ Brands board of directors approved the issuance of bonus shares (equivalent to a stock dividend) on a basis of 664.0547 (prior to adjustments for subsequent reverse share split) Ordinary Shares for each Ordinary Share issued and outstanding as of the close of business on February 17, 2022 (provided that any fractional shares be rounded down to the nearest whole number), pursuant to which holders of Jeffs’ Brands ordinary shares received 664.0547 (prior to adjustments for subsequent reverse share split) ordinary shares for every one ordinary share held as of such date, resulting in an aggregate issuance by Jeffs’ Brands of 6,630,547 (prior to adjustments for subsequent reverse share split) Ordinary Shares on such date. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Reverse shares | $ 43,567,567 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Authorized share capital | 2,893,125,000 | [1] | [1] | [1] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment amount | $ 546,000 | $ 5,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Warrants to purchase shares (in Shares) | shares | 333,334 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Conversion Option Exercise Price | 8.18% | 8.18% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Description of issued and outstanding percentages | As of February 28, 2022 and June 30, 2022 the structure of Gix Internet comprised of: 78% of the outstanding and issued shares of Gix Media , 58% of the outstanding and issued shares of ViewBix Inc. , Gix Media holds 70% of the outstanding and issued shares of Cortex Media Group Ltd. | As of February 28, 2022 and June 30, 2022 the structure of Gix Internet comprised of: 78% of the outstanding and issued shares of Gix Media , 58% of the outstanding and issued shares of ViewBix Inc. , Gix Media holds 70% of the outstanding and issued shares of Cortex Media Group Ltd. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Aggregate Amount | $ 3,858,000 | ₪ 12,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest | 3.45% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investors lent an aggregate | $ 69,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchased of shares (in Shares) | shares | 3,450,800 | 3,450,800 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash consideration | $ 6,000,000 | $ 731,000 | $ 1,500,000 | ₪ 5,200 | $ 2,235 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate | 38.03% | 42.69% | 42.69% | 42.69% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company gain | $ 2,025,000 | $ 2,600,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ordinary share (in Shares) | shares | 1 | 333,334 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total expected consideration (in New Shekels) | ₪ 12,200 | $ 4,740,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Dividend in a total amount | $ 1,303,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-controlling interests | $ 1,672,000 | 8,047,000 | 8,047,000 | 2,243,000 | $ 1,672,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchase price | $ 1,595,000 | $ 280,000 | 280,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bonds price (in New Shekels) | ₪ | ₪ 1 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Total amount | 70,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount of pre-money valuation | 10,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Options amount | $ 516,000 | $ 36,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invest an amount | $ 2,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Completion of an IPO | 3 years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount invested | $ 203,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discounted percentage | 25% | 25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discounted rate | 20% | 20% | 20% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Development fees | $ 2,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash | 29,642,000 | $ 22,141,000 | $ 22,141,000 | 29,642,000 | $ 24,025,000 | $ 22,363,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchase percentage | 100% | 90% | 90% | 90% | 100% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ClearMind Medicine Inc description | the Company entered into a subscription agreement with ClearMind , for a private placement pursuant to which ClearMind raised approximately CAD 1.6 million (USD1.25 million) (“Subscription Agreement”). Pursuant to the Subscription Agreement ClearMind issued to the Company 1,987,344 units, at a subscription price of CAD $0.80 (USD $0.63) per unit. Each unit is comprised of one Common Share and one warrant to purchase one Common Share of ClearMind . Each warrant will be exercisable for a period of 18 months into one additional Common Share at an exercise price of CAD 2.00 per share. CAD 960 thousand (USD 750 thousand) of the investment amount was paid by the Company in cash and CAD 640 thousand (USD 500 thousands) of the investment amount was paid through the issuance of the Company’s ordinary shares, at a price per share of USD 1.20. The Company issued to ClearMind 416,666 shares. The Company holdings in ClearMind issued and outstanding shares is 5.02%. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise price (in Dollars per share) | $ / shares | $ 5.02 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Paid transactions | $ 753,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise shares, par value (in Dollars per share) | $ / shares | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment, description | 8)ClearMind investment – On February 3, 2022, the Company invested in ClearMind USD 1.25 thousands in consideration for 1,987,344 units, comprised of one Common Share and one warrant to purchase one Common Share. Additionally, each warrant will be exercisable for a period of 18 months into one additional Common Share at an exercise price of CAD $2.00 per share. The transaction closed on April 25, 2022. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Jeffs’ Brands [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Authorized share capital | $ 100,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchase price [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise shares, par value (in Dollars per share) | $ / shares | $ 6.05 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Jeffs’ Brand [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Annual interest rate | 50.03% | 50.03% | 50.03% | 50.03% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares aggregate value | $ 125,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fair value of option liability | $ 31,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revaluation of the liability | 31,500 | $ 37,500 | $ 37,500 | 31,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Financial gain amount | $ 7,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
DeferredOfferingCost | $ 366,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ordinary shares outstanding (in Shares) | shares | 10,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued (in Shares) | shares | 1,765 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ordinary shares issuance issued (in Shares) | shares | 664.0547 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ordinary shares issuance outstanding (in Shares) | shares | 664.0547 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Authorized share capital | 5,352,281,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gix Media [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise price | 70% | 16.77% | 16.77% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate | 4.12% | 4.12% | 4.12% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Aggregate Amount | $ 3,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ordinary share (in Shares) | shares | 116,922 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gix Interne [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise price | 1.41% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans (in New Shekels) | ₪ | ₪ 3,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate | 2.92% | 2.92% | 2.92% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
LIBOR [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate | 3.20% | 3.20% | 3.20% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bank Leumi [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provide for line of credit | $ 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SOFR [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest rate | 3.52% | 3.52% | 3.52% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
NonadjustingEvent [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provide for line of credit | $ 3,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Long term loan | $ 6,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ordinary share (in Shares) | shares | 1 | 1 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise price (in Dollars per share) | $ / shares | $ 4.04 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise shares, par value (in Dollars per share) | $ / shares | $ 4.16 | $ 4.16 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
NonadjustingEvent [Member] | Mr. Hakmon and L.I.A. Pure Capital Ltd [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Covertable shares (in Shares) | shares | 1,463,619 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bottom of range [member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ordinary shares issuance outstanding (in Shares) | shares | 50,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Top of range [member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Ordinary shares issuance outstanding (in Shares) | shares | 200,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
IPO [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Price per share, percentage | 125% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Matomy Ltd [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Description of percentage on shares acquired | On December 30, 2019, the Company and ScoutCam consummated a securities exchange agreement (the “Exchange Agreement”), pursuant to which the Company delivered 100% of its holdings in ScoutCam Ltd to ScoutCam in exchange for shares of ScoutCam’s common stock representing 60% of the issued and outstanding share capital of ScoutCam immediately upon the consummation of the Exchange Agreement. Additionally, if ScoutCam achieves an aggregate amount of USD 33 million in sales within the first three years immediately after the Exchange Agreement (“milestone”), ScoutCam will issue to the Company 298,722 shares of ScoutCam’s common stock, which represents 10% of the ScoutCam’s issued and outstanding share capital as of the Exchange Agreement. As of June 30, 2022, the milestone has not yet occurred. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount committed to lend up | $ 6,000,000 | $ 6,000,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additional purchase of shares (in Shares) | shares | 1,240,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Net fair value of the assets and liabilities | $ 0.0326 | $ 0.0326 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchased of shares (in Shares) | shares | 3,171,160 | 3,171,160 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Sale of shares (in Shares) | shares | 11,000,000 | 2,300,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Decreased to issued and outstanding share capital | 4.73% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ScoutCam Inc. [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Holdings interest percentage | 46.03% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of shares units issued to investors (in Shares) | shares | 2,469,156 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Aggreagte purchase price | $ 20,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of warrant exercise price per share (in Dollars per share) | $ / shares | $ 10.35 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Eventer’s Board of Directors [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated value (in New Shekels) | ₪ | ₪ 277 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recognized expenses (in New Shekels) | ₪ | ₪ 43 | ₪ 186 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Contractual Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding share capital percentage | 2% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
over the period | 3 years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Risk-free interest rate | 0.49% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise price | 0% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Expected volatility | 47.02% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Forecasted life | 5 years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Recognized expenses (in New Shekels) | ₪ | 34 | ₪ 147 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise price percentage | 50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Public offering percentage | 50% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Estimated amount (in New Shekels) | ₪ | ₪ 219 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Jeff’s Brands Ltd. [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchase agreement, description | to the Pro and Purex SPA, the Company acquired 50.01% of Pro’s and 50.03% of Purex’ issued and outstanding share capital on a fully diluted basis through a combination of cash investments in the companies and acquisition of additional shares from the current shareholders of the two companies in consideration for the Company’s ADSs and a cash component. The Company agreed to invest an aggregate amount of USD 1,250 thousand in Pro and Purex, pay USD 150 thousand in cash consideration to the former stockholders, and issue up to USD 500 thousand worth of ADSs to the former stockholders of such companies subject to EBITDA milestones. On July 2021, and Following EBITDA results the Company issued USD 71 thousand worth of ADSs. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Mr. Hakmon and L.I.A. Pure Capital Ltd [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loans amount | $ 4,100,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Bank Leumi Le-Israel loan [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provide for line of credit | $ 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gix Internet Ltd [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise price | 33.17% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provide for line of credit | $ 200,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued (in Shares) | shares | 3,000,000 | 3,954,980 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Warrants to purchase shares (in Shares) | shares | 2,898,183 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Number of ADS issued (in Shares) | shares | 2,898,183 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise price | 3 years | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additional shares | $ 222,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchased of shares (in Shares) | shares | 1,318,426 | 1,318,426 | 1,318,426 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share consideration (in Shares) | shares | 7,420,151 | 7,420,151 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gix Interne [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exercise price | 24.99% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued (in Shares) | shares | 5,903,718 | 5,903,718 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gix Media [Member] | NonadjustingEvent [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Provide for line of credit | $ 2,500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ViewBix Inc [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest | 8% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cortex [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Non-controlling interests | $ 391,000 | $ 391,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Polyrizon Ltd. [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued (in Shares) | shares | 7,688,712 | 14,696,340 | 589,466 | 3,107,223 | 589,466 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Percentage of issued and outstanding share capital | 19.90% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Aggregate gross proceeds | $ 104,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Additional consideration transferred | $ 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Equity financing amount | $ 500,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Invest an amount | $ 120,500 | $ 297,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Term of the license | 4 years | 4 years | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Description of polyrizon products | The Company also has the right to purchase the Polyrizon products on a cost-plus 15% basis for the purpose of reselling the products worldwide. In consideration of the license, Polyrizon will be entitled to receive annual royalty payments equal to 10% of the Company annualized operating profit arising from selling the products. | The Company also has the right to purchase the Polyrizon products on a cost-plus 15% basis for the purpose of reselling the products worldwide. In consideration of the license, Polyrizon will be entitled to receive annual royalty payments equal to 10% of the Company annualized operating profit arising from selling the products. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Exchange for gross proceeds | $ 250,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment, percentage | 35.68% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Share-based compensation expense | $ 19 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Gross proceeds | 800,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Received approximate amount | $ 780,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Polyrizon ordinary shares issued (in Shares) | shares | 14,328,396 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Holds percentage | 37.03% | 37.03% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Aggregate proceeds | $ 550,000,000 | $ 250,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount invested | $ 110,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Charging Robotics Ltd [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount invested | $ 751,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Description of agreement | On January 7, 2021, the Company entered an agreement to purchase a provisional patent filed with the United States Patent and Trademark Office and know-how relating to wireless vehicle battery charging technology in consideration for USD 75 thousand. Furthermore, the Company entered a collaboration agreement with the seller, whereby the Company committed to invest USD 150 thousand in a newly incorporated wholly owned subsidiary of the Company, Charging Robotics Ltd., incorporated on February 1, 2021, which will focus on the Company new electric vehicle and wireless charging activities. Pursuant to the collaboration agreement, the seller is entitled to a monthly consultant fee as well as options to purchase 15 shares, which represents 15% of Charging Robotics’ fully diluted share capital as of its incorporation date, at an exercise price of USD 150 thousand. The option was fully vested on July 30, 2021. The fair value of the options granted is estimated on the grant date, using the Black-Scholes Model. For the year ended December 31, 2021, approximately USD 91 thousand were recognized and recorded as expenses. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash | $ 1,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Revoltz Ltd [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Description of joint venture agreement | Under the terms of the Venture Agreement, the Company invested an initial amount of USD 250 thousand in consideration of 19,990 ordinary shares of Revoltz Ltd. (“Revoltz”), representing 19.99% of Revoltz’s issued and outstanding share capital on a fully diluted basis. The Venture Agreement requires the Company to invest an additional USD 400 thousand in a second tranche, subject to Revoltz achieving certain post-closing milestones, for 37.5% of Revoltz’s issued and outstanding share capital. As of June 30, 2022, the milestones were not achieved, therefore no additional investments occurred. See also subsequent events note 12.12. The investment in Revoltz was accounted for using the equity method. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Elbit Imaging Ltd [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount invested | $ 134,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding share percentage | 5.12% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Outstanding amount | $ 1,060,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Holding increased percentage | 5.72% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash recevied | 91,000 | $ 91,000 | $ 81,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Fuel Doctor Holdings Inc [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchased of shares (in Shares) | shares | 90,000,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash consideration | $ 262,500 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issued and outstanding shares, percentage | 35.06% | 35.06% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Parazero Technologies Ltd. [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchased of shares (in Shares) | shares | 674,362 | 674,362 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash consideration | $ 1,613,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount invested | $ 18,000 | $ 521,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Discounted percentage | 25% | 25% | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Holding increased percentage | 40.35% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash recevied | $ 1,500 | $ 1,500 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Considerations | $ 3,998,000 | $ 5,538 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash recevied | $ 18,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Parazero Technologies Ltd description | On February 2, 2022 (the “Issue Date”), Parazero issued to Delta a warrant to purchase shares. The exercise price of such warrant is (A) if a Trigger Event (defined below) occurs, the price per share in the IPO, or, (B) if a Trigger Event has not occurred, US $5.9834 per each share, reflecting a pre-money valuation of US $10,000,000 on a fully diluted as-converted basis as of the Issue Date. Further, (A) if an initial public offering of Parazero occurs before the fifth anniversary of the Issue Date, then the warrant shall expire after the lapse of 90 days from the earlier of (“Trigger Event”): (i) the fifth anniversary of the Issue Date; or (ii) the price per each share has increased by at least 50% compared to the listing price per share as part of the IPO (to be determined based upon one-calendar-month Volume Weighted Average Price. (B) if an initial public offering of the Company occurs before the lapse of the fifth anniversary of the Issue Date, then the warrant shall expire after the lapse of 12 months from the fifth anniversary of the Issue Date. This Warrant shall be exercisable for 51,689 Shares of Parazero, in the event of a Trigger Event, or for 50,139 Shares of Parazero in the event there is no Trigger Event. The fair value of the warrants as of February 2, 2022, was USD 25 thousands. The fair value was calculated using the Black & Scholes option price model. This amount was deducted from the equity as of February 2 ,2022. | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Laminera Flow Optimization Ltd. [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Shares issued (in Shares) | shares | 324,675 | 324,675 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Warrants to purchase shares (in Shares) | shares | 3,401 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchased of shares (in Shares) | shares | 6,355 | 7,028 | 7,028 | 7,028 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash consideration | $ 126,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Company gain | $ 507,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Percentage of issued and outstanding share capital | 11.18% | 19.70% | 19.70% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Amount invested | $ 300,000 | $ 400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Laminera Flow Optimization Ltd. [Member] | Bottom of range [member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash consideration | 1,105,000 | 1,105,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Laminera Flow Optimization Ltd. [Member] | Top of range [member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Cash consideration | $ 400,000 | $ 400,000 | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
ClearMind Medicine, Inc. [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Initial equity percentage | 10% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Buffalo Investments Ltd. [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Options to purchase shares (in Shares) | shares | 150,000 | 150,000 | 150,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
SciSparc Ltd. [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Options to purchase shares (in Shares) | shares | 150,000 | 150,000 | 150,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Investment, description | As of June 30, 2022 the Company treated the investment as follows: 1. The 10% shares of SciSparc are measured at fair value through profit and loss (Note 3). 2. The 90% shares of SciSparc – accounted for as a short-term forward contract such that the difference between the quoted price and the sale price will be recognized as a provision and the difference between the total cost paid by the Company (USD 5.5 per share) and the price in the forward transaction (USD 6.05 per share) will be recognized as financing income. | As of June 30, 2022 the Company treated the investment as follows: 1. The 10% shares of SciSparc are measured at fair value through profit and loss (Note 3). 2. The 90% shares of SciSparc – accounted for as a short-term forward contract such that the difference between the quoted price and the sale price will be recognized as a provision and the difference between the total cost paid by the Company (USD 5.5 per share) and the price in the forward transaction (USD 6.05 per share) will be recognized as financing income. | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Buffalo Agreement [Member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Purchase percentage | 85% | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Consideration ordinary shares (in Shares) | shares | 150,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Warrant per share (in Dollars per share) | $ / shares | $ 0.72 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Paid transactions | $ 72,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Issued capital [member] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Interest in Other Entities (Details) [Line Items] | ||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
Loan principal | $ 375,000 | |||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||||
[1]Restated to reflect the reverse split at a ratio of 20:1 occurred on July 8, 2022 – see also note 8. |
Interest in Other Entities (D_2
Interest in Other Entities (Details) - Schedule of additional information about subsidiaries | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Jeffs’ Brands Ltd. [Member] | ||
Interest in Other Entities (Details) - Schedule of additional information about subsidiaries [Line Items] | ||
Main place of the business | Israel | Israel |
Ownership rights held by non- controlling interest | 49.97% | 49.97% |
Eventer Ltd. [Member] | ||
Interest in Other Entities (Details) - Schedule of additional information about subsidiaries [Line Items] | ||
Main place of the business | Israel | Israel |
Ownership rights held by non- controlling interest | 53.79% | 52.31% |
Charging Robotics Ltd. [Member] | ||
Interest in Other Entities (Details) - Schedule of additional information about subsidiaries [Line Items] | ||
Main place of the business | Israel | Israel |
Ownership rights held by non- controlling interest | ||
GERD IP Inc [Member] | ||
Interest in Other Entities (Details) - Schedule of additional information about subsidiaries [Line Items] | ||
Main place of the business | USA | USA |
Ownership rights held by non- controlling interest | 10% | 10% |
Gix Internet Ltd [Member] | ||
Interest in Other Entities (Details) - Schedule of additional information about subsidiaries [Line Items] | ||
Main place of the business | Israel | |
Ownership rights held by non- controlling interest | 57.31% |
Interest in Other Entities (D_3
Interest in Other Entities (Details) - Schedule of statement summarized financial position - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 | |
Eventer Ltd. [Member] | |||
Interest in Other Entities (Details) - Schedule of statement summarized financial position [Line Items] | |||
Current assets | [1] | $ 3,618 | $ 3,469 |
Non-current assets | [1] | 1,379 | 1,521 |
Current liabilities | [1] | 4,110 | 3,571 |
Non-current liabilities | [1] | 580 | 711 |
Equity | [1] | 307 | 708 |
Jeffs' Brands Ltd [Member] | |||
Interest in Other Entities (Details) - Schedule of statement summarized financial position [Line Items] | |||
Current assets | 1,986 | 2,022 | |
Non-current assets | 5,607 | 5,390 | |
Current liabilities | 3,775 | 2,211 | |
Non-current liabilities | 3,136 | 3,948 | |
Equity | 682 | 1,253 | |
Gix Internet [Member] | |||
Interest in Other Entities (Details) - Schedule of statement summarized financial position [Line Items] | |||
Current assets | [1] | 24,175 | 23,145 |
Non-current assets | 17,908 | 19,191 | |
Current liabilities | 26,589 | 26,832 | |
Non-current liabilities | 5,130 | 6,543 | |
Equity | 10,364 | 8,960 | |
Equity attributable to Gix shareholders | 5,937 | 4,130 | |
Non-controlling interests | 4,427 | 4,830 | |
ScoutCam Inc. [Member] | |||
Interest in Other Entities (Details) - Schedule of statement summarized financial position [Line Items] | |||
Current assets | 17,968 | 20,212 | |
Non-current assets | 3,095 | 3,334 | |
Current liabilities | 2,656 | 1,309 | |
Non-current liabilities | 2,894 | 2,621 | |
Equity | $ 15,513 | $ 19,616 | |
[1]Translated according to the closing exchange rates as of the date of each statement of financial position |
Interest in Other Entities (D_4
Interest in Other Entities (Details) - Schedule of summarized statement of comprehensive income - USD ($) $ in Thousands | 2 Months Ended | 3 Months Ended | 6 Months Ended | 9 Months Ended | 12 Months Ended | ||||||
Feb. 28, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | [1] | Mar. 31, 2021 | Jun. 30, 2022 | Dec. 31, 2021 | Jun. 30, 2021 | Dec. 31, 2021 | [1] | Dec. 31, 2021 | |
Eventer Ltd. [Member] | ScoutCam Inc. [Member] | |||||||||||
Interest in Other Entities (Details) - Schedule of summarized statement of comprehensive income [Line Items] | |||||||||||
Revenue | $ 1,472 | $ 459 | $ 1,185 | ||||||||
Net/profit (loss) for the period | (587) | (1,215) | (2,612) | ||||||||
Jeff’s Brands Ltd [Member] | Eventer Technologies Ltd. [Member] | |||||||||||
Interest in Other Entities (Details) - Schedule of summarized statement of comprehensive income [Line Items] | |||||||||||
Revenue | 2,343 | 1,910 | |||||||||
Net/profit (loss) for the period | (1,526) | (851) | |||||||||
Jeff’s Brands Ltd [Member] | Jeffs’ Brands Ltd [Member] | |||||||||||
Interest in Other Entities (Details) - Schedule of summarized statement of comprehensive income [Line Items] | |||||||||||
Revenue | 6,509 | ||||||||||
Net/profit (loss) for the period | $ (1,540) | ||||||||||
Gix Internet [Member] | |||||||||||
Interest in Other Entities (Details) - Schedule of summarized statement of comprehensive income [Line Items] | |||||||||||
Revenue | $ 44,827 | 16,348 | |||||||||
Net/profit (loss) for the period | (1,510) | (870) | |||||||||
Other comprehensive loss | (396) | 185 | |||||||||
Total comprehensive profit (loss) | $ (1,905) | $ (685) | |||||||||
Gix Internet [Member] | Gix Internet Ltd [Member] | |||||||||||
Interest in Other Entities (Details) - Schedule of summarized statement of comprehensive income [Line Items] | |||||||||||
Revenue | $ 4,234 | $ 31,144 | |||||||||
Net/profit (loss) for the period | (439) | 164 | |||||||||
Other comprehensive loss | 222 | 478 | |||||||||
Total comprehensive profit (loss) | $ (217) | $ 642 | |||||||||
ScoutCam Inc. [Member] | |||||||||||
Interest in Other Entities (Details) - Schedule of summarized statement of comprehensive income [Line Items] | |||||||||||
Revenue | $ 274 | $ 24 | 372 | $ 363 | |||||||
Net/profit (loss) for the period | $ (2,088) | $ (1,606) | $ (5,560) | $ (7,381) | |||||||
[1]ScoutCam was deconsolidated on March 31, 2021 and is accounted for as a material equity investment as of April 1, 2021. For additional information see note 4.C. |
Interest in Other Entities (D_5
Interest in Other Entities (Details) - Schedule of summarized statement of cash flows - USD ($) $ in Thousands | 3 Months Ended | 4 Months Ended | 6 Months Ended | 12 Months Ended | ||||
Mar. 31, 2021 | Jun. 30, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2021 | Dec. 31, 2021 | |||
Interest in Other Entities (Details) - Schedule of summarized statement of cash flows [Line Items] | ||||||||
Gain (losses) from exchange differences on cash and cash equivalents | $ (12) | $ 181 | $ (41) | |||||
Eventer Ltd. [Member] | ||||||||
Interest in Other Entities (Details) - Schedule of summarized statement of cash flows [Line Items] | ||||||||
Cash flow used in operating activities | 1,235 | 858 | [1] | $ 127 | ||||
Cash flow used in investing activities | (6) | (131) | [1] | (211) | ||||
Cash flow from financing activities | (146) | 800 | [1] | 824 | ||||
Gain (losses) from exchange differences on cash and cash equivalents | (288) | 18 | [1] | 38 | ||||
Net (decrease) increase in cash and cash equivalents | 795 | $ 1,545 | [1] | 778 | ||||
Jeffs' Brands Ltd [Member] | ||||||||
Interest in Other Entities (Details) - Schedule of summarized statement of cash flows [Line Items] | ||||||||
Cash flow used in operating activities | (1,054) | $ (174) | (863) | |||||
Cash flow used in investing activities | (3) | (4,728) | (4,730) | |||||
Cash flow from financing activities | 731 | 4,761 | 5,695 | |||||
Net (decrease) increase in cash and cash equivalents | $ (326) | $ (141) | $ 102 | |||||
Gix Internet [Member] | ||||||||
Interest in Other Entities (Details) - Schedule of summarized statement of cash flows [Line Items] | ||||||||
Cash flow used in operating activities | [1] | $ 989 | ||||||
Cash flow used in investing activities | [1] | (9) | ||||||
Cash flow from financing activities | [1] | 1,661 | ||||||
Gain (losses) from exchange differences on cash and cash equivalents | [1] | 51 | ||||||
Net (decrease) increase in cash and cash equivalents | [1] | $ 2,692 | ||||||
ScoutCam Inc. [Member] | ||||||||
Interest in Other Entities (Details) - Schedule of summarized statement of cash flows [Line Items] | ||||||||
Cash flow used in operating activities | (774) | |||||||
Cash flow used in investing activities | (117) | |||||||
Cash flow from financing activities | 10,281 | |||||||
Net (decrease) increase in cash and cash equivalents | $ 9,378 | |||||||
[1]translated at average exchange rates for each period. |
Interest in Other Entities (D_6
Interest in Other Entities (Details) - Schedule of balance of non-controlling interest - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Interest in Other Entities (Details) - Schedule of balance of non-controlling interest [Line Items] | ||
Balance of Non-controlling interest | $ 8,047 | $ 2,243 |
Gix [Member] | ||
Interest in Other Entities (Details) - Schedule of balance of non-controlling interest [Line Items] | ||
Balance of Non-controlling interest | 6,439 | |
Eventer [Member] | ||
Interest in Other Entities (Details) - Schedule of balance of non-controlling interest [Line Items] | ||
Balance of Non-controlling interest | 808 | 1,136 |
Jeffs’ Brands [Member] | ||
Interest in Other Entities (Details) - Schedule of balance of non-controlling interest [Line Items] | ||
Balance of Non-controlling interest | 650 | 965 |
Charging Robotics [Member] | ||
Interest in Other Entities (Details) - Schedule of balance of non-controlling interest [Line Items] | ||
Balance of Non-controlling interest | 91 | 91 |
Gerd IP [Member] | ||
Interest in Other Entities (Details) - Schedule of balance of non-controlling interest [Line Items] | ||
Balance of Non-controlling interest | $ 59 | $ 51 |
Interest in Other Entities (D_7
Interest in Other Entities (Details) - Schedule of profit (loss) attributed to non-controlling interests - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
Interest in Other Entities (Details) - Schedule of profit (loss) attributed to non-controlling interests [Line Items] | |||
Profit (loss) attributed to non-controlling interest | $ (1,158) | $ (1,858) | $ (2,748) |
ScoutCam [Member] | |||
Interest in Other Entities (Details) - Schedule of profit (loss) attributed to non-controlling interests [Line Items] | |||
Profit (loss) attributed to non-controlling interest | (892) | (892) | |
Eventer [Member] | |||
Interest in Other Entities (Details) - Schedule of profit (loss) attributed to non-controlling interests [Line Items] | |||
Profit (loss) attributed to non-controlling interest | (307) | (609) | (1,112) |
Jeff's Brands Ltd [Member] | |||
Interest in Other Entities (Details) - Schedule of profit (loss) attributed to non-controlling interests [Line Items] | |||
Profit (loss) attributed to non-controlling interest | (793) | (382) | (795) |
Gerd IP [Member] | |||
Interest in Other Entities (Details) - Schedule of profit (loss) attributed to non-controlling interests [Line Items] | |||
Profit (loss) attributed to non-controlling interest | 7 | 25 | 51 |
Gix [Member] | |||
Interest in Other Entities (Details) - Schedule of profit (loss) attributed to non-controlling interests [Line Items] | |||
Profit (loss) attributed to non-controlling interest | $ (65) |
Interest in Other Entities (D_8
Interest in Other Entities (Details) - Schedule of investment to equity method - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Interest in Other Entities (Details) - Schedule of investment to equity method [Line Items] | ||
Total equity method investment | $ 13,407 | $ 17,240 |
ScoutCam (see note 4C) [Member] | ||
Interest in Other Entities (Details) - Schedule of investment to equity method [Line Items] | ||
Total equity method investment | 9,662 | 10,735 |
Gix (see note 4F) [Member] | ||
Interest in Other Entities (Details) - Schedule of investment to equity method [Line Items] | ||
Total equity method investment | 4,867 | |
Parazero (see note 4L) [Member] | ||
Interest in Other Entities (Details) - Schedule of investment to equity method [Line Items] | ||
Total equity method investment | 1,300 | |
Laminera (see note 4M) [Member] | ||
Interest in Other Entities (Details) - Schedule of investment to equity method [Line Items] | ||
Total equity method investment | 1,252 | |
Polyrizon (see note 4H) [Member] | ||
Interest in Other Entities (Details) - Schedule of investment to equity method [Line Items] | ||
Total equity method investment | 288 | 447 |
Elbit imaging (see note 4J) [Member] | ||
Interest in Other Entities (Details) - Schedule of investment to equity method [Line Items] | ||
Total equity method investment | 720 | 975 |
Fuel Doctor (see note 4K) [Member] | ||
Interest in Other Entities (Details) - Schedule of investment to equity method [Line Items] | ||
Total equity method investment | ||
Revoltz (see note 4I) [Member] | ||
Interest in Other Entities (Details) - Schedule of investment to equity method [Line Items] | ||
Total equity method investment | $ 185 | $ 216 |
Interest in Other Entities (D_9
Interest in Other Entities (Details) - Schedule of general information | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Parazero [Member] | ||
Interest in Other Entities (Details) - Schedule of general information [Line Items] | ||
Main place of the business | Israel | |
Company rights in share capital and voting rights | 40.35% | |
Laminera [Member] | ||
Interest in Other Entities (Details) - Schedule of general information [Line Items] | ||
Main place of the business | Israel | |
Company rights in share capital and voting rights | 19.70% | |
Polyrizon [Member] | ||
Interest in Other Entities (Details) - Schedule of general information [Line Items] | ||
Main place of the business | Israel | Israel |
Company rights in share capital and voting rights | 36.81% | 36.81% |
ScoutCam [Member] | ||
Interest in Other Entities (Details) - Schedule of general information [Line Items] | ||
Main place of the business | Israel | Israel |
Company rights in share capital and voting rights | 27.02% | 27.02% |
Elbit Imaging [Member] | ||
Interest in Other Entities (Details) - Schedule of general information [Line Items] | ||
Main place of the business | Israel | Israel |
Company rights in share capital and voting rights | 5.72% | 5.72% |
Fuel Doctor [Member] | ||
Interest in Other Entities (Details) - Schedule of general information [Line Items] | ||
Main place of the business | Israel | Israel |
Company rights in share capital and voting rights | 35.06% | 35.06% |
Revoltz [Member] | ||
Interest in Other Entities (Details) - Schedule of general information [Line Items] | ||
Main place of the business | Israel | Israel |
Company rights in share capital and voting rights | 19.90% | 19.90% |
Gix [Member] | ||
Interest in Other Entities (Details) - Schedule of general information [Line Items] | ||
Main place of the business | Israel | |
Company rights in share capital and voting rights | 34.58% |
Interest in Other Entities (_10
Interest in Other Entities (Details) - Schedule of fair value of investments in material affiliated companies - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
ScoutCam [Member] | ||
Interest in Other Entities (Details) - Schedule of fair value of investments in material affiliated companies [Line Items] | ||
Carrying amount | $ 9,662 | $ 10,735 |
Quoted fair value | 10,585 | 15,397 |
Elbit Imaging [Member] | ||
Interest in Other Entities (Details) - Schedule of fair value of investments in material affiliated companies [Line Items] | ||
Carrying amount | 723 | 975 |
Quoted fair value | $ 809 | $ 975 |
Interest in Other Entities (_11
Interest in Other Entities (Details) - Schedule of purchase price allocation upon deconsolidation and initial measurement $ in Thousands, ₪ in Millions | 6 Months Ended | 12 Months Ended | |||
Feb. 04, 2021 | Jun. 30, 2022 USD ($) | Jun. 30, 2022 ILS (₪) | Dec. 31, 2021 USD ($) | Mar. 31, 2021 USD ($) | |
Schedule Of Purchase Price Allocation Upon Deconsolidation And Initial Measurement Abstract | |||||
Fair value of investment | $ 854 | $ 692 | $ 11,843 | ||
Total consideration | 11,843 | ||||
ScoutCam’s equity as of March 31, 2021 | 22,338 | ||||
Adjustments to equity | $ 45,142 | 49,190 | (5,445) | ||
Equity as adjusted | $ 16,893 | ||||
Groups share in % | 0% | 0% | 0% | 28.06% | |
Purchase price allocation upon deconsolidation total | ₪ 12.2 | $ 4,740 | |||
Excess cost to allocate: | 7,103 | ||||
Technology | $ 8,047 | $ 2,243 | 1,672 | ||
Deferred tax liability | (385) | ||||
Total intangible assets identified | 1,287 | ||||
Excess purchase price to allocate to goodwill | $ 5,816 |
Interest in Other Entities (_12
Interest in Other Entities (Details) - Schedule of activity in investment account - USD ($) $ in Thousands | 2 Months Ended | 3 Months Ended | 5 Months Ended | 6 Months Ended | 9 Months Ended | |
Feb. 28, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | Jun. 30, 2022 | Jun. 30, 2022 | Dec. 31, 2021 | |
Activity in Investment Amounts [Member] | ||||||
Interest in Other Entities (Details) - Schedule of activity in investment account [Line Items] | ||||||
Balance at beginning | $ 10,735 | $ 11,843 | $ 10,735 | $ 11,843 | ||
The Company’s share in ScountCam’s loss for the three month ended June 30, 2021 | (226) | |||||
Exercise of warrants by the Group | 234 | 234 | ||||
Group share in exercise warrants by others | 218 | |||||
Group share in losses | (1,502) | (2,044) | ||||
Excess cost amortization-technology | $ (62) | $ (62) | (62) | (96) | ||
Share based compensation | 394 | 540 | ||||
Group share in expired options | 98 | 32 | ||||
Additional investment allocated to goodwill | 8 | |||||
Balance at ending | 9,662 | $ 11,851 | 9,662 | 9,662 | 10,735 | |
Reconciliation to Carrying Amounts [Member] | ||||||
Interest in Other Entities (Details) - Schedule of activity in investment account [Line Items] | ||||||
Balance at beginning | 4,867 | 4,867 | ||||
Group share in losses | (100) | |||||
Group share in other comprehensive loss | 146 | |||||
Excess cost amortization | (116) | |||||
USD/NIS translation adjustments | (191) | |||||
Balance at ending | 4,606 | 4,867 | ||||
Reconciliation to Carrying Amounts One [Member] | ||||||
Interest in Other Entities (Details) - Schedule of activity in investment account [Line Items] | ||||||
Balance at beginning | $ 975 | 975 | ||||
Dividend | (172) | |||||
Group share in losses | (78) | |||||
Cancellation of Impairment | 93 | |||||
USD/NIS translation adjustments | (98) | |||||
Balance at ending | 720 | 720 | 720 | $ 975 | ||
Reconciliation to Carrying Amounts Two [Member] | ||||||
Interest in Other Entities (Details) - Schedule of activity in investment account [Line Items] | ||||||
Balance at beginning | 1,595 | |||||
Group share in losses | (381) | |||||
Excess cost amortization | (31) | |||||
Share based compensation | 117 | |||||
Balance at ending | 1,300 | 1,300 | 1,300 | |||
Reconciliation to Carrying Amounts Three [Member] | ||||||
Interest in Other Entities (Details) - Schedule of activity in investment account [Line Items] | ||||||
Balance at beginning | 1,333 | |||||
Group share in losses | (74) | |||||
Excess cost amortization | (7) | |||||
Balance at ending | $ 1,252 | $ 1,252 | $ 1,252 |
Interest in Other Entities (_13
Interest in Other Entities (Details) - Schedule of reconciliation to carrying amounts - USD ($) $ in Thousands | 1 Months Ended | 6 Months Ended | 12 Months Ended | |
Feb. 28, 2022 | Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
Reconciliation Carrying Amounts [Member] | ||||
Interest in Other Entities (Details) - Schedule of reconciliation to carrying amounts [Line Items] | ||||
Balance at beginning | $ 15,512 | |||
Adjustments to equity | (4,521) | |||
Equity as adjusted | $ 10,991 | |||
Groups share in % | 27.02% | |||
Group share | $ 2,970 | |||
Technology, net of deferred tax | 1,084 | |||
Goodwill | 5,608 | |||
Balance at ending | 9,662 | $ 15,512 | ||
Reconciliation to Carrying Amounts One [Member] | ||||
Interest in Other Entities (Details) - Schedule of reconciliation to carrying amounts [Line Items] | ||||
Balance at beginning | $ 22,482 | 22,482 | ||
Groups share in % | 27.76% | |||
Group share | $ 6,241 | |||
Fair value adjustments | 5,610 | |||
Carrying amount | 11,851 | |||
Reconciliation to Carrying Amounts Two [Member] | ||||
Interest in Other Entities (Details) - Schedule of reconciliation to carrying amounts [Line Items] | ||||
Balance at beginning | 10,735 | $ 19,615 | 19,615 | |
Adjustments to equity | (4,883) | |||
Equity as adjusted | $ 14,732 | |||
Groups share in % | 27.02% | |||
Group share | $ 3,981 | |||
Technology, net of deferred tax | 1,146 | |||
Goodwill | 5,608 | |||
Balance at ending | 10,735 | |||
Reconciliation to Carrying Amounts Three [Member] | ||||
Interest in Other Entities (Details) - Schedule of reconciliation to carrying amounts [Line Items] | ||||
Balance at beginning | $ 4,098 | |||
Adjustments to equity | (543) | |||
Equity as adjusted | $ 3,555 | |||
Groups share in % | 34.58% | |||
Group share | $ 1,229 | |||
Technology and customers relationship, net of deferred tax | 2,336 | |||
Goodwill | 1,041 | |||
Balance at ending | $ 4,606 | |||
Reconciliation to Carrying Amounts Four [Member] | ||||
Interest in Other Entities (Details) - Schedule of reconciliation to carrying amounts [Line Items] | ||||
Balance at beginning | (1,254) | |||
Adjustments to equity | (25) | |||
Equity as adjusted | $ (1,279) | |||
Groups share in % | 40.35% | |||
Group share | $ (516) | |||
Technology, net of deferred tax | 714 | |||
Goodwill | 1,102 | |||
Balance at ending | 1,300 | (1,254) | ||
Reconciliation to Carrying Amounts Five [Member] | ||||
Interest in Other Entities (Details) - Schedule of reconciliation to carrying amounts [Line Items] | ||||
Balance at beginning | 794 | |||
Adjustments to equity | (339) | |||
Equity as adjusted | $ 455 | |||
Groups share in % | 19.70% | |||
Group share | $ 90 | |||
IPR&D, net of deferred tax | 266 | |||
Goodwill | 896 | |||
Balance at ending | $ 1,252 | $ 794 |
Interest in Other Entities (_14
Interest in Other Entities (Details) - Schedule of short term loans - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2022 | Dec. 31, 2021 | Mar. 31, 2022 | |
Schedule Of Short Term Loans Abstract | |||
Amazon Loans | $ 152 | $ 101 | |
Bank Leumi Le-Israel | 600 | ||
Related parties | 56 | 111 | |
Third parties’ loans | 713 | 715 | |
Total | 1,521 | $ 927 | |
Short term bank loans | 6,069 | ||
Current maturities of long-term loans | 1,714 | ||
Total consideration | $ 7,783 | $ 400 |
Interest in Other Entities (_15
Interest in Other Entities (Details) - Schedule of summarizes the allocation of the preliminary purchase price - Jeffs’ Brands Ltd [Member] - USD ($) $ in Thousands | Feb. 28, 2022 | Jan. 04, 2021 |
Interest in Other Entities (Details) - Schedule of summarizes the allocation of the preliminary purchase price [Line Items] | ||
Cash consideration invested in Jeffs’ Brands | $ 1,650 | |
Non- cash consideration invested in Jeffs’ Brands | 71 | |
Total consideration | $ 7,669 | 1,721 |
Less: | ||
Fair value of net assets acquired | 7,099 | 2,314 |
Non-controlling interests | (6,129) | (1,156) |
Total acquired | 970 | 1,158 |
Goodwill | 6,699 | $ 563 |
Cash consideration invested in Gix Internet | 731 | |
Fair value former shares holdings | $ 6,939 |
Interest in Other Entities (_16
Interest in Other Entities (Details) - Schedule of long term loans $ in Thousands | 12 Months Ended |
Jun. 30, 2022 USD ($) | |
Schedule Of Long Term Loans Abstract | |
Long term bank loans | $ 4,083 |
Interest in Other Entities (_17
Interest in Other Entities (Details) - Schedule of activity in the investment account of automax and polyrizon - USD ($) $ in Thousands | 6 Months Ended | |||
Mar. 09, 2021 | Jun. 30, 2022 | Dec. 31, 2021 | Jun. 19, 2019 | |
Schedule Of Activity In The Investment Account Of Automax And Polyrizon Abstract | ||||
Investment as of January 1, 2021 Equity method | $ 546 | $ 5,000 | ||
Held for sale asset | 547 | |||
Total as of January 1, 2021 | 1,093 | $ 29,376 | $ 8,321 | |
Sale of held for sale asset | (102) | |||
Share of net profit of associate accounted for using the equity method | 275 | |||
Total amount as of March 9, 2021 | 1,266 | 407 | $ 77 | |
Eliminate investment held for sale and equity as a result of transition to fair value | (1,266) | |||
Fair value of the investment at the day of the transition | $ 1,553 | |||
Balance | 447 | |||
Group share in losses | (192) | |||
Share based compensation | 33 | |||
Balance | $ 288 |
Interest in Other Entities (_18
Interest in Other Entities (Details) - Schedule of purchase price allocation summary following - USD ($) $ in Thousands | Mar. 31, 2022 | Feb. 02, 2022 | Jun. 30, 2022 |
Schedule Of Purchase Price Allocation Summary Following Abstract | |||
Purchase price | $ 1,595 | $ 280 | |
Adjusted Company’s equity | $ (164) | 252 | |
Excess to allocate | 1,169 | 1,847 | |
Excess purchase price to allocate to IPR&D, net of deferred tax | 273 | ||
Excess purchase price to allocate to technology, net of deferred tax | 745 | ||
Goodwill | 896 | 1,102 | |
Total | 1,169 | $ 1,847 | |
Cash consideration | 300 | ||
Share consideration | 400 | $ 7,783 | |
Fair value of former holdings | 633 | ||
Total purchase price | $ 1,333 |
Trade Accounts Receivable and_3
Trade Accounts Receivable and Inventory (Details) - Schedule of trade accounts receivable and inventory - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Trade Accounts Receivable and Inventory (Details) - Schedule of trade accounts receivable and inventory [Line Items] | ||
Total | $ 16,562 | $ 408 |
Finished goods | 1,831 | 1,227 |
Gix Internet [Member] | ||
Trade Accounts Receivable and Inventory (Details) - Schedule of trade accounts receivable and inventory [Line Items] | ||
Total | 16,418 | |
Jeffs’ Brands [Member] | ||
Trade Accounts Receivable and Inventory (Details) - Schedule of trade accounts receivable and inventory [Line Items] | ||
Total | 17 | 366 |
Eventer [Member] | ||
Trade Accounts Receivable and Inventory (Details) - Schedule of trade accounts receivable and inventory [Line Items] | ||
Total | $ 127 | $ 42 |
Intangible Assets (Details) - S
Intangible Assets (Details) - Schedule of total intangible assets - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Intangible Assets (Details) - Schedule of total intangible assets [Line Items] | ||
Intangible assets, net | $ 29,376 | $ 8,321 |
Technology [Member] | ||
Intangible Assets (Details) - Schedule of total intangible assets [Line Items] | ||
Intangible assets, net | 10,181 | 409 |
Customer Relationship [Member] | ||
Intangible Assets (Details) - Schedule of total intangible assets [Line Items] | ||
Intangible assets, net | 5,182 | |
Software License [Member] | ||
Intangible Assets (Details) - Schedule of total intangible assets [Line Items] | ||
Intangible assets, net | 1,745 | 1,506 |
Patent [Member] | ||
Intangible Assets (Details) - Schedule of total intangible assets [Line Items] | ||
Intangible assets, net | 75 | 75 |
Brand Name [Member] | ||
Intangible Assets (Details) - Schedule of total intangible assets [Line Items] | ||
Intangible assets, net | 5,110 | 5,405 |
Goodwill [Member] | ||
Intangible Assets (Details) - Schedule of total intangible assets [Line Items] | ||
Intangible assets, net | $ 7,083 | $ 926 |
Accrued Expenses and Other Li_3
Accrued Expenses and Other Liabilities (Details) | Jun. 30, 2022 USD ($) |
Gix Group [member] | |
Accrued Expenses and Other Liabilities (Details) [Line Items] | |
Accrued expenses | $ 6,500 |
Media Suppliers [member] | |
Accrued Expenses and Other Liabilities (Details) [Line Items] | |
Accrued expenses | $ 6,100 |
Accrued Expenses and Other Li_4
Accrued Expenses and Other Liabilities (Details) - Schedule of accrued expenses and other liabilities - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 | |
Schedule Of Accrued Expenses And Other Liabilities Abstract | |||
Employees and related institutions | $ 1,409 | $ 313 | |
Accrued expenses | 7,160 | [1] | 933 |
Other payables | 352 | 286 | |
Total accrued expenses and other payables | $ 8,924 | $ 1,532 | |
[1] Includes USD 6.5 million accrued expenses from Gix Group, which USD 6.1 million are related to media suppliers. |
Equity (Details)
Equity (Details) - USD ($) $ in Thousands | 1 Months Ended | |||||||
Jul. 07, 2022 | Feb. 25, 2021 | Feb. 12, 2021 | Jan. 19, 2021 | Jan. 11, 2021 | Jun. 17, 2022 | Oct. 31, 2021 | Jun. 30, 2021 | |
Equity (Details) [Line Items] | ||||||||
Authorized share capital | 50,000,000 | |||||||
Bottom of Range [Member] | ||||||||
Equity (Details) [Line Items] | ||||||||
Increase the authorized number of shares | 50,000,000 | |||||||
Top of Range [Member] | ||||||||
Equity (Details) [Line Items] | ||||||||
Increase the authorized number of shares | 200,000,000 | |||||||
Public Offering [Member] | ||||||||
Equity (Details) [Line Items] | ||||||||
Total gross proceeds (in Dollars) | $ 9,700 | $ 9,680 | ||||||
Board of Directors [Member] | ||||||||
Equity (Details) [Line Items] | ||||||||
Number of option grant | 90,000 | 1,280,000 | ||||||
Subsequent Event [Member] | ||||||||
Equity (Details) [Line Items] | ||||||||
Reverse split, description | *On July 7, 2022, the Company effected a reverse split of the Company’s authorized and outstanding ordinary shares at a ratio of 20:1 (the “Reverse Split”) and increased the authorized number of shares. Those changes were approved by the Company’s shareholders on June 17, 2022. On July 8, 2022, following the Reverse Split, the Company effected a change in the American Depositary Share (“ADSs”) ratios for its American Depositary Receipt program such that each ADS represents one ordinary share of no par value of the Company (the “Ordinary Share”), instead of twenty (20) pre-Reverse Split Ordinary Shares. The change in the ADS ratio is a technical change made in order to align the ratio so that one ADS equals to one ordinary share. | |||||||
ADS [Member] | ||||||||
Equity (Details) [Line Items] | ||||||||
Underwriting agreement, description | On February 25, 2021, the Company entered into an underwriting agreement with Aegis pursuant to which the Company agreed to sell to Aegis, in a firm commitment public offering 3,258,438 ADSs for a public offering price of USD 2.60 per ADS. | On January 11, 2021, the Company entered into an underwriting agreement with Aegis Capital Corp. (hereinafter – “Aegis”), pursuant to which the Company agreed to sell to Aegis, in a firm commitment public offering 3,659,735 ADSs of no par value for a public offering price of USD 2.30 per ADS. | ||||||
ADS [Member] | Public Offering [Member] | ||||||||
Equity (Details) [Line Items] | ||||||||
Purchase additional percent of ADS | 15% | 15% | ||||||
ADS [Member] | Over-Allotment Option [Member] | ||||||||
Equity (Details) [Line Items] | ||||||||
Purchase an additional ADS | 488,765,000 | 548,960 |
Equity (Details) - Schedule of
Equity (Details) - Schedule of share capital composed - Ordinary Shares [Member] shares in Thousands | Jun. 30, 2022 USD ($) shares | Jun. 30, 2022 ILS (₪) shares | Dec. 31, 2021 USD ($) shares | Dec. 31, 2021 ILS (₪) shares | |
Equity (Details) - Schedule of share capital composed [Line Items] | |||||
Number of shares, Authorized | [1] | 200,000 | 200,000 | 50,000 | 50,000 |
Number of shares, Issued and paid | [1] | 163,943 | 163,943 | 23,850 | 23,850 |
Amount, Authorized (in New Shekels and Dollars) | ₪ | |||||
Amount, Issued and paid (in New Shekels and Dollars) | $ | |||||
[1] On July 7, 2022, the Company effected a reverse split of the Company’s authorized and outstanding ordinary shares at a ratio of 20:1 (the “Reverse Split”) and increased the authorized number of shares. Those changes were approved by the Company’s shareholders on June 17, 2022. On July 8, 2022, following the Reverse Split, the Company effected a change in the American Depositary Share (“ADSs”) ratios for its American Depositary Receipt program such that each ADS represents one ordinary share of no par value of the Company (the “Ordinary Share”), instead of twenty (20) pre-Reverse Split Ordinary Shares. The change in the ADS ratio is a technical change made in order to align the ratio so that one ADS equals to one ordinary share. |
Equity (Details) - Schedule o_2
Equity (Details) - Schedule of warrants outstanding - $ / shares | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2022 | Dec. 31, 2021 | ||
Series L [Member] | |||
Equity (Details) - Schedule of warrants outstanding [Line Items] | |||
Date of grant | [1] | November 2017 | November 2017 |
Number of warrants conversion to equivalent ADSs | [1] | 101,251 | 101,251 |
exercise price per warrant in USD | [1] | $ 9 | $ 9 |
Expiration date | [1] | May 27, 2023 | May 27, 2023 |
Series M [Member] | |||
Equity (Details) - Schedule of warrants outstanding [Line Items] | |||
Date of grant | [2] | November 2017 | November 2017 |
Number of warrants conversion to equivalent ADSs | [2] | 14,177 | 14,177 |
exercise price per warrant in USD | [2] | $ 10 | $ 10 |
Expiration date | [2] | Nov. 24, 2022 | Nov. 24, 2022 |
Warrants C [Member] | |||
Equity (Details) - Schedule of warrants outstanding [Line Items] | |||
Date of grant | [1] | July 2018 | July 2018 |
Number of warrants conversion to equivalent ADSs | [1] | 2,640,674 | 2,640,674 |
exercise price per warrant in USD | [1] | $ 3.5 | $ 3.5 |
Expiration date | [1] | Jul. 18, 2023 | Jul. 18, 2023 |
Warrant C One [Member] | |||
Equity (Details) - Schedule of warrants outstanding [Line Items] | |||
Date of grant | [2] | July 2018 | July 2018 |
Number of warrants conversion to equivalent ADSs | [2] | 425,651 | 425,651 |
exercise price per warrant in USD | [2] | $ 3.5 | $ 3.5 |
Expiration date | [2] | Jul. 18, 2023 | Jul. 18, 2023 |
HCW warrants [Member] | |||
Equity (Details) - Schedule of warrants outstanding [Line Items] | |||
Date of grant | [1] | July 2018 | July 2018 |
Number of warrants conversion to equivalent ADSs | [1] | 198,637 | 198,637 |
exercise price per warrant in USD | [1] | $ 4.38 | $ 4.38 |
Expiration date | [1] | Jul. 18, 2023 | Jul. 18, 2023 |
Gix internet (Note 4.F) [Member] | |||
Equity (Details) - Schedule of warrants outstanding [Line Items] | |||
Date of grant | [2] | September 2019 | September 2019 |
Number of warrants conversion to equivalent ADSs | [2] | 333,334 | 333,334 |
exercise price per warrant in USD | [2] | $ 4 | $ 4 |
Expiration date | [2] | Sep. 03, 2022 | Sep. 03, 2022 |
Total [Member] | |||
Equity (Details) - Schedule of warrants outstanding [Line Items] | |||
Number of warrants conversion to equivalent ADSs | 3,713,724 | 4,297,424 | |
Series I [Member] | |||
Equity (Details) - Schedule of warrants outstanding [Line Items] | |||
Date of grant | [1] | December 2016 | |
Number of warrants conversion to equivalent ADSs | [1] | 9,970 | |
exercise price per warrant in USD | [1] | $ 36 | |
Expiration date | [1] | Jun. 06, 2022 | |
Series J [Member] | |||
Equity (Details) - Schedule of warrants outstanding [Line Items] | |||
Date of grant | [2] | December 2016 | |
Number of warrants conversion to equivalent ADSs | [2] | 499 | |
exercise price per warrant in USD | [2] | $ 36 | |
Expiration date | [2] | Jun. 06, 2022 | |
Warrants A [Member] | |||
Equity (Details) - Schedule of warrants outstanding [Line Items] | |||
Date of grant | [1] | March 2017 | |
Number of warrants conversion to equivalent ADSs | [1] | 535,730 | |
exercise price per warrant in USD | [1] | $ 14 | |
Expiration date | [1] | Mar. 29, 2022 | |
Placement 03/2017 [Member] | |||
Equity (Details) - Schedule of warrants outstanding [Line Items] | |||
Date of grant | [2] | March 2017 | |
Number of warrants conversion to equivalent ADSs | [2] | 37,501 | |
exercise price per warrant in USD | [2] | $ 17.5 | |
Expiration date | [2] | Mar. 29, 2022 | |
[1] These warrants, under certain circumstances, can be exercised via a cashless exercise mechanism as defined in the warrant agreements. Therefore, the warrants were classified as financial liabilities measured at fair value through profit or loss at each reporting period. See Note 3. Recorded in equity. |
Revenues (Details)
Revenues (Details) | 6 Months Ended |
Jun. 30, 2022 | |
Disclosure Of Revenue Text Block Abstract | |
Percentage of entity's revenue | 10% |
Revenues (Details) - Schedule o
Revenues (Details) - Schedule of revenue by product - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | ||
Revenues (Details) - Schedule of revenue by product [Line Items] | ||||
Revenue | $ 34,959 | $ 2,393 | $ 10,118 | |
Miniature camera and related equipment (from ScoutCam) [Member] | ||||
Revenues (Details) - Schedule of revenue by product [Line Items] | ||||
Revenue | 24 | 24 | ||
Products (from Jeffs’ Brands) [Member] | ||||
Revenues (Details) - Schedule of revenue by product [Line Items] | ||||
Revenue | 2,343 | 1,910 | 6,509 | |
Revenues from commissions (from Eventer) [Member] | ||||
Revenues (Details) - Schedule of revenue by product [Line Items] | ||||
Revenue | 1,472 | 459 | 1,185 | |
Revenues from internet services (from Gix Internet) [Member] | ||||
Revenues (Details) - Schedule of revenue by product [Line Items] | ||||
Revenue | [1] | $ 31,144 | ||
MUSE and related equipment (from Medigus). [Member] | ||||
Revenues (Details) - Schedule of revenue by product [Line Items] | ||||
Revenue | $ 2,400 | |||
[1] The revenues from Gix Internet for the period March 01 ,2022-June 30, 2022. |
Revenues (Details) - Schedule_2
Revenues (Details) - Schedule of major customers - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
Customer A [Member] | |||
Revenues (Details) - Schedule of major customers [Line Items] | |||
Revenue | $ 6,458 | ||
Customer B [Member] | |||
Revenues (Details) - Schedule of major customers [Line Items] | |||
Revenue | 5,124 | ||
Customer C [Member] | |||
Revenues (Details) - Schedule of major customers [Line Items] | |||
Revenue | 2,400 | ||
Customer D [Member] | |||
Revenues (Details) - Schedule of major customers [Line Items] | |||
Revenue | $ 21 |
Transactions with Related Par_3
Transactions with Related Parties: (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | |
Transactions with Related Parties: (Details) [Line Items] | |||
Annual premium of current policy | $ 453 | ||
Policy coverage benefit | 7,000 | ||
Deductible not exceed in respect of claim with respect to mergers and acquisitions | 500 | ||
Bottom of Range [Member] | |||
Transactions with Related Parties: (Details) [Line Items] | |||
Deductible exceed amount | 2,500 | ||
Payroll and related expenses to related parties employed by the Company [Member] | |||
Transactions with Related Parties: (Details) [Line Items] | |||
Granted options benefit | 160 | $ 149 | $ 583 |
Compensation to directors [Member] | |||
Transactions with Related Parties: (Details) [Line Items] | |||
Granted options benefit | $ 183 | 173 | $ 195 |
Consultant services [Member] | |||
Transactions with Related Parties: (Details) [Line Items] | |||
Granted options benefit | $ 259 |
Transactions with Related Par_4
Transactions with Related Parties: (Details) - Schedule of transactions with related parties - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2022 | Jun. 30, 2021 | Dec. 31, 2021 | ||
Schedule Of Transactions With Related Parties Abstract | ||||
Payroll and related expenses to related parties employed by the Company | [1] | $ 496 | $ 512 | $ 1,241 |
Compensation to directors | [2] | 418 | 412 | 733 |
Consultant services | [3] | 616 | ||
Interest and discounting of loans from Jeff’s Brands related parties | [4] | 40 | 145 | 172 |
Finance expense on Screenz payable balance | 192 | 169 | ||
Eventer sales and marketing expenses to Keshet | 165 | 279 | ||
Eventer revenues from related parties | (7) | (20) | (23) | |
Eventer general and administrative expenses to Screenz | $ 23 | $ 9 | $ 13 | |
[1]Includes granted options benefit aggregated to USD 160 thousands, USD 149 thousands and USD 583 thousand for the six months ended June 30, 2022, six months ended June 30, 2021 and year ended December 31, 2021, respectively.[2]Includes granted options benefit aggregated to USD 183 thousands, USD 173 thousands and USD 195 thousand for the six months ended June 30, 2022, six months ended June 30, 2021 and year ended December 31, 2021, respectively.[3]Includes granted options benefit aggregated to USD 259 thousands for the six months ended June 30, 2021.[4]Julia Gerasimova, Kfir Zilbrman and Victor Hacmon are related party of Jeff Brands. |
Transactions with Related Par_5
Transactions with Related Parties: (Details) - Schedule of current assets - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Schedule Of Current Assets Abstract | ||
Related party prepaid expenses – pre-paid advertising services to Keshet (a related party of Eventer) | $ 718 | $ 981 |
Other receivables (related parties of Eventer) | 10 | 18 |
Current assets total | $ 728 | $ 999 |
Transactions with Related Par_6
Transactions with Related Parties: (Details) - Schedule of non current assets - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 |
Schedule Of Non Current Assets Abstract | ||
Short term loan to a related party (loan from Medigus to Gix Internet) | $ 1,265 |
Transactions with Related Par_7
Transactions with Related Parties: (Details) - Schedule of current liabilities - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Schedule Of Current Liabilities Abstract | ||
Compensation to key management personnel | $ 73 | $ 270 |
Current Liabilities of Jeff’s Brands to related parties | 247 | 177 |
Other Accrued expenses to related parties of Eventer | 153 | 169 |
Current liabilities total | $ 474 | $ 616 |
Transactions with Related Par_8
Transactions with Related Parties: (Details) - Schedule of loans - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | |
Jun. 30, 2022 | Dec. 31, 2021 | ||
Schedule Of Loans Abstract | |||
Current portion of long-term commitment – Screenz cross media Ltd (a related party of Eventer). See note 4.D. | $ 520 | $ 506 | |
Long-term commitment – Screenz cross media Ltd (a related party of Eventer). See note 4.D | 580 | 711 | |
Short term loans of Jeffs’ Brands from related parties | [1] | 56 | 111 |
Long term loans of Jeffs’ Brands from related parties | [2] | $ 479 | $ 689 |
[1]Kfir Zilberman is a related party of Jeffs’ Brands.[2]Julia Gerasimova, Kfir Zilberman and Victor Hacmon are related parties of Jeffs’ Brands. |
Segments (Details)
Segments (Details) - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended |
Jun. 30, 2022 | Dec. 31, 2021 | |
Segments (Details) [Line Items] | ||
Equity method | $ 9,662 | |
Gix [Member] | ||
Segments (Details) [Line Items] | ||
Equity method | $ 4,867 | |
Equity loss | 215 | 823 |
ScoutCam [Member] | ||
Segments (Details) [Line Items] | ||
Equity method | 10,735 | |
Equity loss | $ 1,073 | $ 1,402 |
Segments (Details) - Schedule o
Segments (Details) - Schedule of other information of the group - USD ($) $ in Thousands | Jun. 30, 2022 | Dec. 31, 2021 | ||
Segments (Details) - Schedule of other information of the group [Line Items] | ||||
Total segments’ assets | $ 94,314 | $ 59,730 | ||
Total segments’ liabilities | (41,125) | (8,297) | ||
Corporate [Member] | ||||
Segments (Details) - Schedule of other information of the group [Line Items] | ||||
Total segments’ assets | 29,515 | 33,695 | ||
Total segments’ liabilities | (1,313) | (1,571) | ||
E-commerce [Member] | ||||
Segments (Details) - Schedule of other information of the group [Line Items] | ||||
Total segments’ assets | 7,593 | 7,412 | ||
Total segments’ liabilities | (6,912) | (6,159) | ||
Online [Member] | ||||
Segments (Details) - Schedule of other information of the group [Line Items] | ||||
Total segments’ assets | 42,082 | 9,357 | [1] | |
Total segments’ liabilities | (31,718) | (4,282) | ||
Online Event Management [Member] | ||||
Segments (Details) - Schedule of other information of the group [Line Items] | ||||
Total segments’ assets | 4,997 | |||
Total segments’ liabilities | (4,690) | |||
Others [Member] | ||||
Segments (Details) - Schedule of other information of the group [Line Items] | ||||
Total segments’ assets | 10,600 | [2] | 11,692 | [3] |
Total segments’ liabilities | (335) | (399) | ||
Adjustments and eliminations [Member] | ||||
Segments (Details) - Schedule of other information of the group [Line Items] | ||||
Total segments’ assets | (473) | (2,926) | ||
Total segments’ liabilities | $ 3,843 | $ 4,114 | ||
[1]Includes an investment accounted for using the equity method of USD 4,867 thousand in relation to Gix Internet. For additional information in relation to assets and liabilities of Gix Internet refer to note 4F.[2]Includes an investment accounted for using the equity method of USD 9,662 thousand in relation to ScoutCam. For additional information in relation to assets and liabilities of ScoutCam refer to note 4C.[3]Includes an investment accounted for using the equity method of USD 10,735 thousand in relation to ScoutCam. For additional information in relation to assets and liabilities of ScoutCam refer to note 4C. |
Segments (Details) - Schedule_2
Segments (Details) - Schedule of operating results of the group - USD ($) $ in Thousands | 6 Months Ended | 12 Months Ended | ||
Jun. 30, 2022 | Dec. 31, 2021 | |||
Segments (Details) - Schedule of operating results of the group [Line Items] | ||||
External revenue | $ 34,959 | $ 10,118 | ||
Segment results – operating income (loss) | (6,328) | (9,895) | ||
Non-operating income (loss) | 2,382 | 14,393 | ||
Finance income (loss) | (793) | (347) | ||
Profit (Loss) before taxes on income | (4,739) | 4,151 | ||
Tax benefit (expense) on income | (9) | (105) | ||
Segment results – profit (loss) | (4,748) | 4,046 | ||
Corporate [Member] | ||||
Segments (Details) - Schedule of operating results of the group [Line Items] | ||||
External revenue | 2,400 | |||
Segment results – operating income (loss) | (3,366) | (2,271) | ||
Non-operating income (loss) | 64 | 2,509 | ||
Finance income (loss) | 330 | 555 | ||
Profit (Loss) before taxes on income | (2,972) | 793 | ||
Tax benefit (expense) on income | (5) | |||
Segment results – profit (loss) | (2,977) | 793 | ||
E-commerce [Member] | ||||
Segments (Details) - Schedule of operating results of the group [Line Items] | ||||
External revenue | 2,343 | 6,509 | ||
Segment results – operating income (loss) | (1,098) | (932) | ||
Non-operating income (loss) | (63) | |||
Finance income (loss) | (272) | (629) | ||
Profit (Loss) before taxes on income | (1,433) | (1,561) | ||
Tax benefit (expense) on income | (93) | 21 | ||
Segment results – profit (loss) | (1,526) | (1,540) | ||
Online [Member] | ||||
Segments (Details) - Schedule of operating results of the group [Line Items] | ||||
External revenue | 31,144 | 1,185 | ||
Segment results – operating income (loss) | 638 | [1] | (3,229) | [2] |
Non-operating income (loss) | (56) | |||
Finance income (loss) | (620) | (206) | ||
Profit (Loss) before taxes on income | (38) | (3,435) | ||
Tax benefit (expense) on income | (15) | |||
Segment results – profit (loss) | (53) | (3,435) | ||
Online One [Member] | ||||
Segments (Details) - Schedule of operating results of the group [Line Items] | ||||
External revenue | 1,472 | |||
Segment results – operating income (loss) | (310) | |||
Non-operating income (loss) | ||||
Finance income (loss) | (277) | |||
Profit (Loss) before taxes on income | (587) | |||
Tax benefit (expense) on income | ||||
Segment results – profit (loss) | (587) | |||
Others [Member] | ||||
Segments (Details) - Schedule of operating results of the group [Line Items] | ||||
External revenue | 24 | |||
Segment results – operating income (loss) | (1,385) | [3] | (3,531) | [4] |
Non-operating income (loss) | 137 | 494 | ||
Finance income (loss) | (2) | (15) | ||
Profit (Loss) before taxes on income | (1,250) | (3,052) | ||
Tax benefit (expense) on income | (6) | |||
Segment results – profit (loss) | (1,256) | (3,052) | ||
Adjustments and eliminations [Member] | ||||
Segments (Details) - Schedule of operating results of the group [Line Items] | ||||
External revenue | ||||
Segment results – operating income (loss) | (807) | 68 | ||
Non-operating income (loss) | 2,300 | 11,390 | ||
Finance income (loss) | 48 | (52) | ||
Profit (Loss) before taxes on income | 1,541 | 11,406 | ||
Tax benefit (expense) on income | 110 | (126) | ||
Segment results – profit (loss) | $ 1,651 | $ 11,280 | ||
[1]Includes equity loss of USD 215 thousands in relation to Gix Internet. For the operating results of Gix Internet, refer to note 4F.[2]Includes equity loss of USD 823 thousands in relation to Gix Internet. For the operating results of Gix Internet, refer to note 4F.[3]Includes equity loss of USD 1,073 thousands in relation to ScoutCam. For the operating results of Scoutcam, refer to note 4C.[4]Includes equity loss of USD 1,402 thousands in relation to ScoutCam. For the operating results of Scoutcam, refer to note 4C. |
Subsequent Events (Details)
Subsequent Events (Details) $ / shares in Units, ₪ in Thousands, $ in Thousands | 1 Months Ended | 6 Months Ended | ||||||||
Jul. 08, 2022 shares | Sep. 30, 2022 | Sep. 18, 2022 | Feb. 28, 2022 shares | Jun. 30, 2022 USD ($) $ / shares shares | Sep. 05, 2022 USD ($) | Aug. 30, 2022 USD ($) | Aug. 28, 2022 shares | Jun. 30, 2022 ILS (₪) shares | Dec. 31, 2021 $ / shares shares | |
Subsequent Events (Details) [Line Items] | ||||||||||
Split ordinary shares | 20 | |||||||||
Ordinary shares | 1 | 333,334 | ||||||||
Estimated amount (in Dollars) | $ | $ 220 | |||||||||
Development fees (in Dollars) | $ | $ 2,500 | |||||||||
Annual interest rate | 18% | |||||||||
Valuation amount (in New Shekels) | ₪ | ₪ 4,750 | |||||||||
Current hold percentage | 35.27% | |||||||||
Shares issued | 24,591,470 | 24,591,470 | 23,850,128 | |||||||
Exercise price per share (in Dollars per share) | $ / shares | $ 5.02 | |||||||||
Ordinary share par value (in Dollars per share) | $ / shares | ||||||||||
Dividend distribution (in Dollars) | $ | $ 1,600 | |||||||||
Subsequent event, Description | Jeffs’ Brands repaid: (i) an amount of USD 150 thousands to the Company and; (ii) related party balance in the amount of USD 175 thousand and ; (iii) USD 393 thousand for the repayment of accrued interest with respect to certain related party loans upon the conversion of such loans at the closing of this offering, USD 252 thousand of these amount paid to the Company. | Charging Robotics entered into a convertible loan agreement with Revoltz pursuance to which Charging Robotics was required to invest an amount of USD 60 thousands in Revoltz (the “Loan Principal Amount”). In addition, Charging Robotics provided to Revoltz further lending of up to USD 340 thousands (the “Additional Amount”, and together with the Loan Principal, the “Total Loan Amount”). The Total Loan Amount shall carry interest at the minimum rate prescribed by Israeli law. The Total Loan Amount shall be converted into shares of Revoltz, upon the occurrence of any of the following events (each a “Trigger Event”): a. The consummation of funding by Revoltz of an aggregate amount of USD 1 million at a pre-money Revoltz valuation of at least USD 7 million (in the form of SAFE, equity or otherwise). b. Revoltz has generated an aggregate of USD 1 million or more revenues. | ||||||||
Accrued interest (in Dollars) | $ | $ 810 | |||||||||
Jeffs’ Brands [Member] | ||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||
Shares issued | 3,717,473 | 3,717,473 | ||||||||
NurExone [Member] | ||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||
Development fees (in Dollars) | $ | $ 3,300 | |||||||||
Major business combination [member] | ||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||
Investments (in Dollars) | $ | $ 500 | |||||||||
NonadjustingEvent [Member] | ||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||
Ordinary shares | 1 | |||||||||
Gross proceeds (in Dollars) | $ | $ 15,500 | |||||||||
Exercise price per share (in Dollars per share) | $ / shares | $ 4.04 | |||||||||
Ordinary share par value (in Dollars per share) | $ / shares | $ 4.16 | |||||||||
Share issued | 155,427 | |||||||||
NonadjustingEvent [Member] | Board of directors [Member] | ||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||
Share issued | 260,492 | |||||||||
NonadjustingEvent [Member] | Gix Internet [Member] | ||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||
Share issued | 400,000 | |||||||||
NonadjustingEvent [Member] | Gix Internet [Member] | ||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||
Issuance of shares percentage | 42.25% | |||||||||
Warrants [Member] | ||||||||||
Subsequent Events (Details) [Line Items] | ||||||||||
Shares issued | 3,717,473 | 3,717,473 |