N2OFF (NITO) 10-Q 15 Aug 22 2022 Q2 Quarterly report Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2022 shares
Cover [Abstract]
Document Type	10-Q
Amendment Flag	false
Document Quarterly Report	true
Document Transition Report	false
Document Period End Date	Jun. 30, 2022
Document Fiscal Period Focus	Q2
Document Fiscal Year Focus	2022
Current Fiscal Year End Date	--12-31
Entity File Number	000-56100
Entity Registrant Name	SAVE FOODS, INC.
Entity Central Index Key	0001789192
Entity Tax Identification Number	26-4684680
Entity Incorporation, State or Country Code	DE
Entity Address, Address Line One	HaPardes 134 (Meshek Sander)
Entity Address, City or Town	Neve Yarak
Entity Address, Country	IL
Entity Address, Postal Zip Code	4994500
City Area Code	(347)
Local Phone Number	468 9583
Title of 12(b) Security	Common Stock, Par value $0.0001 per share
Trading Symbol	SVFD
Security Exchange Name	NASDAQ
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Elected Not To Use the Extended Transition Period	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	2,876,136

Condensed Consolidated Interim

Condensed Consolidated Interim Balance Sheets (Unaudited) - USD ($)	Jun. 30, 2022	Dec. 31, 2021
Current Assets
Cash and cash equivalents	$ 4,378,434	$ 6,750,938
Restricted cash	50,286	56,674
Accounts receivable, net	31,080	172,630
Inventories	36,305	22,603
Other current assets	506,755	226,252
Total Current assets	5,002,860	7,229,097
Right-of-use asset arising from operating lease	151,410	129,613
Property and equipment, net	109,120	100,944
Funds in respect of employee rights upon retirement	126,339	137,625
Total assets	5,389,729	7,597,279
Current Liabilities
Short-term loan from banking institutions	3,748	8,390
Accounts payable	482,567	539,360
Other liabilities	289,436	383,554
Total current liabilities	775,751	931,304
Operating lease liabilities	75,149	87,287
Liability for employee rights upon retirement	150,141	166,077
Total liabilities	1,001,041	1,184,668
Stockholders’ Equity
Common Stock $ 0.0001 par value per share (“Common Stock”): 495,000,000 shares authorized as of June 30, 2022 and December 31, 2021; issued and outstanding 2,876,136 and 2,806,536 shares as of June 30, 2022 and December 31, 2021, respectively.	289	281
Preferred Stock $ 0.0001 par value per share (“Preferred Stock”): 5,000,000 shares authorized as of June 30, 2022 and December 31, 2021; issued and outstanding 0 shares as of June 30, 2022 and December 31, 2021.
Additional paid-in capital	24,186,496	23,607,503
Foreign currency translation adjustments	(26,275)	(26,275)
Accumulated deficit	(19,684,647)	(17,098,227)
Total	4,475,863	6,483,282
Non-controlling interests	(87,175)	(70,671)
Total stockholders’ equity	4,388,688	6,412,611
Total liabilities and stockholders’ equity	$ 5,389,729	$ 7,597,279

Condensed Consolidated Interi_2

Condensed Consolidated Interim Balance Sheets (Unaudited) (Parenthetical) - $ / shares	Jun. 30, 2022	Dec. 31, 2021
Statement of Financial Position [Abstract]
Common stock, par value	$ 0.0001	$ 0.0001
Common stock, shares authorized	495,000,000	495,000,000
Common stock, shares issued	2,876,136	2,806,536
Common stock, shares outstanding	2,876,136	2,806,536
Preferred stock, par value	$ 0.0001	$ 0.0001
Preferred stock, shares authorized	5,000,000	5,000,000
Preferred stock, shares issued	0	0
Preferred stock, shares outstanding	0	0

Condensed Consolidated Interi_3

Condensed Consolidated Interim Statements of Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenue from Contract with Customer [Abstract]
Revenues from sales of products	$ 31,080	$ 54,403	$ 118,710	$ 177,477
Cost of sales	(12,998)	(11,354)	(54,847)	(14,287)
Gross profit	18,082	43,049	63,863	163,190
Research and development expenses	(113,376)	(226,742)	(322,738)	(296,533)
Selling and marketing expenses	(144,913)	(18,712)	(323,049)	(33,409)
General and administrative expenses	(1,036,725)	(1,419,736)	(2,040,682)	(1,672,707)
Operating loss	(1,276,932)	(1,622,141)	(2,622,606)	(1,839,459)
Financing income (expenses), net	12,928	120,916	18,832	(156,061)
Comprehensive loss	(1,264,004)	(1,501,225)	(2,603,774)	(1,995,520)
Less: net loss attributable to non-controlling interests	7,334	19,784	17,354	21,677
Net loss attributable to the Company’s stockholders’ equity	$ (1,256,670)	$ (1,481,441)	$ (2,586,420)	$ (1,973,843)
Loss per share (basic and diluted)	$ (0.44)	$ (0.69)	$ (0.91)	$ (1.05)
Basic and diluted weighted average number of shares of Common Stock outstanding	2,862,562	2,158,915	2,841,027	1,884,365

Condensed Consolidated Interi_4

Condensed Consolidated Interim Statements of Changes in Shareholders' Equity (Unaudited) - USD ($)		Common Stock [Member]	Additional Paid-in Capital [Member]	Foreign Currency Translation Adjustments [Member]	Retained Earnings [Member]	Stockholders Equity [Member]	Noncontrolling Interest [Member]	Total
Beginning balance, value at Dec. 31, 2020		$ 161	$ 11,867,585	$ (26,275)	$ (12,277,647)	$ (436,176)	$ (29,277)	$ (465,453)
Beginning balance, shares at Dec. 31, 2020		1,606,765
Stock based compensation to employees and directors			83,605			83,605	895	84,500
Comprehensive loss for the period					(492,402)	(492,402)	(1,893)	(494,295)
Ending balance, value at Mar. 31, 2021		$ 161	11,951,190	(26,275)	(12,770,049)	(844,973)	(30,275)	(875,248)
Ending balance, shares at Mar. 31, 2021		1,606,765
Beginning balance, value at Dec. 31, 2020		$ 161	11,867,585	(26,275)	(12,277,647)	(436,176)	(29,277)	(465,453)
Beginning balance, shares at Dec. 31, 2020		1,606,765
Comprehensive loss for the period								(1,995,520)
Ending balance, value at Jun. 30, 2021		$ 278	23,244,172	(26,275)	(14,251,490)	8,966,685	(48,728)	8,917,957
Ending balance, shares at Jun. 30, 2021		2,776,551
Beginning balance, value at Mar. 31, 2021		$ 161	11,951,190	(26,275)	(12,770,049)	(844,973)	(30,275)	(875,248)
Beginning balance, shares at Mar. 31, 2021		1,606,765
Stock based compensation to employees and directors			60,227			60,227	1,331	61,558
Comprehensive loss for the period					(1,481,441)	(1,481,441)	(19,784)	(1,501,225)
Issuance of shares, net of issuance costs of $1,542,138		$ 109	10,457,753			10,457,862		10,457,862
Issuance of shares, net of issuance costs of $1,542,138, shares		1,090,909
Conversion of convertible loans		$ 7	648,403			648,410		648,410
Conversion of convertible loans, shares		66,877
Share based compensation for services providers		$ 1	126,599			126,600		126,600
Share based compensation for services providers, shares		12,000
Ending balance, value at Jun. 30, 2021		$ 278	23,244,172	(26,275)	(14,251,490)	8,966,685	(48,728)	8,917,957
Ending balance, shares at Jun. 30, 2021		2,776,551
Beginning balance, value at Dec. 31, 2021		$ 281	23,607,503	(26,275)	(17,098,227)	6,483,282	(70,671)	6,412,611
Beginning balance, shares at Dec. 31, 2021	[1]	2,806,536
Issuance of shares to employees and services providers		$ 4	279,139			279,143	591	279,734
Issuance of shares to employees and services providers, shares	[1]	35,500
Stock based compensation to employees and directors			11,642			11,642	180	11,822
Comprehensive loss for the period					(1,329,750)	(1,329,750)	(10,020)	(1,339,770)
Ending balance, value at Mar. 31, 2022		$ 285	23,898,284	(26,275)	(18,427,977)	5,444,317	(79,920)	5,364,397
Ending balance, shares at Mar. 31, 2022	[1]	2,842,036
Beginning balance, value at Dec. 31, 2021		$ 281	23,607,503	(26,275)	(17,098,227)	6,483,282	(70,671)	6,412,611
Beginning balance, shares at Dec. 31, 2021	[1]	2,806,536
Comprehensive loss for the period								(2,603,774)
Ending balance, value at Jun. 30, 2022		$ 289	24,186,496	(26,275)	(19,684,647)	4,475,863	(87,175)	4,388,688
Ending balance, shares at Jun. 30, 2022	[1]	2,876,136
Beginning balance, value at Mar. 31, 2022		$ 285	23,898,284	(26,275)	(18,427,977)	5,444,317	(79,920)	5,364,397
Beginning balance, shares at Mar. 31, 2022	[1]	2,842,036
Issuance of shares to employees and services providers		$ 4	283,114			283,118		283,118
Issuance of shares to employees and services providers, shares	[1]	34,100
Stock based compensation to employees and directors			5,098			5,098	79	5,177
Comprehensive loss for the period					(1,256,670)	(1,256,670)	(7,334)	(1,264,004)
Ending balance, value at Jun. 30, 2022		$ 289	$ 24,186,496	$ (26,275)	$ (19,684,647)	$ 4,475,863	$ (87,175)	$ 4,388,688
Ending balance, shares at Jun. 30, 2022	[1]	2,876,136
[1]See note 3(9)

Condensed Consolidated Interi_5

Condensed Consolidated Interim Statements of Changes in Shareholders' Equity (Unaudited) (Parenthetical)	3 Months Ended
	Jun. 30, 2021 USD ($)
Common Stock [Member]
Issuance costs, net	$ 1,542,138

Condensed Consolidated Interi_6

Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:
Loss for the period	$ (2,603,774)	$ (1,995,520)
Adjustments required to reconcile net loss for the period to net cash used in operating activities:
Depreciation and amortization	18,792	9,609
Decrease in liability for employee rights upon retirement	(15,935)	(4,863)
Issuance of shares to employees and services providers	491,042	126,601
Share based compensation to employees and directors	16,999	146,057
Expenses on convertible loans		115,972
Interest expenses on loans	(677)
Exchange rate differences on operating leases	(15,474)	202
Decrease in accounts receivable	141,550	93,538
Decrease (increase) in inventory	(13,702)	1,120
Increase in other current assets	(208,693)	(680,679)
Increase (decrease) in accounts payable	(52,556)	117,786
Increase (decrease) in other liabilities	(112,579)	352,548
Net cash used in operating activities	(2,355,007)	(1,717,629)
CASH FLOWS FROM INVESTING ACTIVITIES:
Purchase of property and equipment	(26,968)
Decrease in funds in respect of employee rights upon retirement	11,287	4,375
Net cash provided by (used in) investing activities	(15,681)	4,375
CASH FLOWS FROM FINANCING ACTIVITIES:
Proceeds from convertible loans		274,000
Repayments of long-term loans from banking institutions	(3,965)	(3,852)
Proceeds from stock issued for cash, net of issuance costs of $1,502,138		10,497,862
Net cash provided by (used in) financing activities	(3,965)	10,768,010
Effect of exchange rate changes on cash and cash equivalents	(4,239)	8,144
INCREASE (DECREASE) IN CASH , CASH EQUIVALENTS AND RESTRICTED CASH	(2,378,892)	9,062,900
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR	6,807,612	242,900
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD	4,428,720	9,305,800
Non cash transactions:
Issuance of shares for future services	71,810
Initial recognition of operating lease right-of-use assets	56,671
Initial recognition of operating lease liability	56,671
Conversion of convertible loans		648,410
Deferred issuance expenses		$ 40,000

Condensed Consolidated Interi_7

Condensed Consolidated Interim Statements of Cash Flows (Unaudited) (Parenthetical)	6 Months Ended
	Jun. 30, 2021 USD ($)
Statement of Cash Flows [Abstract]
Stock issuance cost	$ 1,502,138

GENERAL

GENERAL	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
GENERAL	NOTE GENERAL Save Foods, Inc. (the “Company”) was incorporated on April 1, 2009, under the laws of the State of Delaware. On April 27, 2009, the Company acquired from its stockholders 98.48 On May 13, 2021, the Company completed an underwritten public offering of 1,090,909 10,457,862 Effects of the spread of the coronavirus The COVID-19 pandemic continues to create business and economic uncertainty and volatility in the global markets. Many countries around the world are experiencing further outbreaks of the pandemic, following which governments are once again imposing various restrictions. At the same time, there is a recovery trend in the volume of economic activity around the world that leads on one hand, to significant demand for certain products and services and on the other hand, disruptions to worldwide supply chain routes and some raw materials. The Group continues to take measures to ensure the health and safety of its employees, suppliers, other business partners and the communities in which it operates in order to ensure, among others, the operation level, the proper functioning of its facilities and to minimize the pandemic’s potential impact on its business. Manufacturing continues at the Group’s sites without interruptions. However, there is still a difficulty in assessing the future impacts of the pandemic on the Group’s operations, inter alia, in light of the uncertainty of its duration, the extent of its intensity and effects on global supply chains and global markets, and additional countermeasures that may be taken by governments and central banks.

SUMMARY OF SIGNIFICANT ACCOUNTI

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION	NOTE SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION Basis of presentation The condensed interim consolidated financial statements included in this quarterly report are unaudited. These financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) and applicable rules and regulations of the SEC regarding interim financial reporting and reflect, in the opinion of management, all adjustments of a normal and recurring nature that are necessary for a fair statement of the Company’s financial position as of June 30, 2022, and its results of operations for the three and six months ended June 30, 2022, and 2021, changes in shareholders’ equity for the three and six months ended June 30, 2022 and 2021, and cash flows for the six months ended June 30, 2022 and 2021. The results of operations for the three and six months ended June 30, 2022 are not necessarily indicative of the results to be expected for the year ending December 31, 2022 or for any other future annual or interim period. These financial statements should be read in conjunction with the audited financial statements included in the Company’s Form 10--K for the year ended December 31, 2021 as filed with the SEC. The Company’s significant accounting policies are disclosed in the audited financial statements for the year ended December 31, 2021 included in the Company’s Form 10-K. Since the date of such financial statements, there have been no changes to the Company’s significant accounting policies. SAVE FOODS, INC. NOTES TO UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS NOTE SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION (continue) Use of Estimates The preparation of unaudited condensed consolidated interim financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, certain revenues and expenses, and disclosure of contingent assets and liabilities as of the date of the financial statements. Actual results could differ from those estimates. As applicable to these financial statements, the most significant estimates and assumptions relate to share based compensation.

COMMON STOCK

COMMON STOCK	6 Months Ended
	Jun. 30, 2022
Equity [Abstract]
COMMON STOCK	NOTE 3 – COMMON STOCK 1. On January 31, 2022, following the Board of Directors of Save Foods Ltd.’s appointment of Mr. Joachim Fuchs as the Chairman of the Board of Directors of Save Foods Ltd, the Board of Directors of the Company (the “Board”) approved the nomination and his consulting agreement. Based on the consulting agreement Mr. Joachim Fuchs is entitled to a monthly fee of NIS 5,000 (approximately $ 1,600 ) and subject to the approval of the Board, 9,000 shares of common stock and in addition, subject to the terms of the equity incentive plan to be adopted by the Company, options to purchase 1.5% of the Company’s’ outstanding capital stock of which (1) 0.5% of such options shall have an exercise price of $1 and shall be vested in 4 equal quarters during the 12 months period commencing the Effective Date (January 1, 2022), (2) 0.5% of such options shall have an exercise price of $1.25 and shall be vested in 4 equal quarters during the 12 months period following the 12 month anniversary of the Effective Date, (3) 0.5% of such options shall have an exercise price of $1.5 and shall be vested in 4 equal quarters during the 12 months period following the 24 month anniversary of the Effective Date 9,000 shares of common stock. The Company determined the value of the shares at $ 38,790 . 2. On February 1, 2022, the Company entered into a Letter Agreement with a consultant according to which the Consultant will provide the Company with public relations, branding and other services as detailed in the Letter Agreement. As consideration for the services, the Company will issue the Consultant, a warrant to purchase up to an aggregate of 77,400 0.05 15,480 In addition, the Company has provided the Consultant anti-dilution rights if at any time after both the (a) the approval of the agreement and (b) the Company having exceeded 3,000,000 shares of common stock. In such event the Consultant shall receive for no consideration additional securities necessary to maintain a fully-diluted ownership percentage (as defined in the Letter Agreement). In addition, the consultant is entitled to convert the February 2022 Warrant into cash, except for the portion of the February 2022 Warrant issuable upon signing of the agreement, upon providing the Company with advance notice of at least 45 days prior to each exercise date, an amount not to exceed 33% of the Warrant Shares due to vest, based on the share price of the Company less the exercise price 20,000 SAVE FOODS, INC. NOTES TO UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS NOTE 3 – COMMON STOCK (continue) As of June 30, 2022, the consultant did not elect to utilize the cash exercise option The fair value of the February 2022 Warrant was determined based on the Company’s share price as of the date of the agreement using the Black-Scholes pricing model, assuming a risk-free rate of 1.35 %, a volatility factor of 52.14 %, dividend yields of 0 % and an expected life of 0.75 years and was calculated at $ 332,859 During the six months ended June 30, 2022, the Company recorded $ 105,358 33,334 On July 28, 2022 the Company and the Consultant entered into an Amendment to the Letter Agreement – see note 7 below. 3. On March 10, 2022, the Company entered into an Investor Relations Agreement (the “March IR Agreement”) with a consultant for a period of 12 months. According to the Agreement, the Company will pay the Consultant for his services a monthly fee of $ 11,000 14,000 103,600 31,790 On June 27, 2022 the Company and the consultant, signed an amendment to the March IR Agreement, according to which the monthly cash payment for the three months ended September 30, 2022 would be $ 5,500 4. On January 27, 2022, and on May 2, 2022, the Company issued an aggregate of 25,000 136,000 On June 8, 2022 the Company decided to terminate the consulting agreement. 5. On April 1, 2022, the Company entered into an Investor Relations Agreement (the “April IR Agreement”) with a Consultant for a period of 90 days. According to the April IR Agreement, the Company will pay the Consultant for his services a monthly fee of $ 15,000 12,000 66,000 In addition, the Company will issue warrants to purchase 60,000 20,000 8 20,000 9.50 20,000 11 The fair value of the April Warrant was determined based on the Company’s share price as of the date of the agreement using the Black-Scholes pricing model, assuming a risk-free rate between 1.72 2.44 52.14 63.36 0 1 2 40,350 SAVE FOODS, INC. NOTES TO UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS NOTE 3 – COMMON STOCK (continue) On June 26, 2022, the Company entered into an amendment to the April IR Agreement, according to which the Company shall engage the Consultant for additional period of 90 days commencing July 1, 2022. According to the amendment to the April IR Agreement, the Company will pay the Consultant for his services a monthly fee of $ 3,333 12,000 In addition, the Company will issue warrants to purchase 40,000 20,000 4.50 20,000 6 6. On May 2, 2022, the Company issued 600 7. On May 18, 2022, the Company issued 9,000 39,420 8. On January 9, 2022 the Company entered into a Strategic consulting and Corporate Digital Marketing agreement (the “Consulting Agreement”) with a Consultant for a period of 12 months. According to the Consulting Agreement, the Company agreed to pay the Consultant for his services a monthly fee of $ 4,250 6,000 19,125 6,000 9. On February 23, 2021, the Company amended its Certificate of Incorporation to effect a 7 to 1 reverse stock SAVE FOODS, INC. NOTES TO UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

STOCK OPTIONS

STOCK OPTIONS	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
STOCK OPTIONS	NOTE STOCK OPTIONS The following table presents the Company’s stock option activity for employees and directors of the Company for the three and six months ended June 30, 2022: SCHEDULE OF STOCK OPTION ACTIVITY Number of Options Weighted Average Exercise Price Outstanding at December 31, 2021 192,576 3.38 Granted - - Exercised - - Forfeited or expired - - Outstanding at June 30, 2022 192,576 3.38 Number of options exercisable at June 30, 2022 191,981 3.38 The aggregate intrinsic value of the awards outstanding as of June 30, 2022 is $ 27,863 . These amounts represent the total intrinsic value, based on the Company’s stock price of $ 3.38 as of June 30, 2022, less the weighted exercise price. Costs incurred in respect of stock-based compensation for employees and directors, for the six months ended June 30, 2022 and 2021 were $ 16,999 146,057 SAVE FOODS, INC. NOTES TO UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

RELATED PARTIES

RELATED PARTIES	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
RELATED PARTIES	NOTE 5 – RELATED PARTIES A. Transactions and balances with related parties SCHEDULE OF TRANSACTIONS AND BALANCES WITH RELATED PARTIES Six months ended June 30, 2022 2021 General and administrative expenses: Directors compensation 156,913 22,217 Salaries and fees to officers 289,824 70,145 General and administrative expenses net (*) 446,737 (*) 92,362 (*) of which share based compensation 48,931 6,533 Research and development expenses: Salaries and fees to officers (*) 54,572 - (*) of which share based compensation 2,921 - Selling and marketing expenses: Salaries and fees to officers (*) 54,572 - (*) of which share based compensation 2,921 - B. Balances with related parties and officers: Other accounts payables 89,806 173,526 C. Other information: 1. On April 17, 2022, the Board resolved to appoint Ms. Lital Barda, the Company’s current financial controller, as the Company’s CFO, Treasurer and Secretary, which appointment entered into effect on April 18, 2022. In connection with Ms. Barda’s appointment as the Company’s CFO, Treasurer and Secretary, the Board resolved to approve the following terms of compensation, effective immediately upon the effectiveness of Ms. Barda’s appointment: (a) a monthly base salary of NIS 25,000 0.0001 SAVE FOODS, INC. NOTES TO UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS

GEOGRAPHIC AREAS AND MAJOR CUST

GEOGRAPHIC AREAS AND MAJOR CUSTOMERS	6 Months Ended
	Jun. 30, 2022
Geographic Areas And Major Customers
GEOGRAPHIC AREAS AND MAJOR CUSTOMERS	NOTE 6 – GEOGRAPHIC AREAS AND MAJOR CUSTOMERS A. Information on sales by geographic distribution: The Company has one operating segment. Sales are attributed to geographic distribution based on the location of the customer. SCHEDULE OF INFORMATION ON SALES BY GEOGRAPHIC DISTRIBUTION Six months ended June 30, Three months ended June 30, 2022 2021 2022 2021 Israel 11,213 - - - United States 35,948 84,674 - - Mexico 71,549 92,803 31,080 54,403 Revenues from sales of products 118,710 177,477 31,080 54,403 B. Sales to single customers exceeding 10% of sales (US$): SCHEDULE OF SALES TO CUSTOMERS Six months ended June 30, Three months ended June 30, 2022 2021 2022 2021 Customer A 71,549 92,803 31,080 54,403 Customer B 35,948 84,674 - - Revenues from sales of products 107,497 177,477 31,080 54,403

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2022
Subsequent Events [Abstract]
SUBSEQUENT EVENTS	NOTE 7 – SUBSEQUENT EVENTS 1. On July 11, 2022, the Company issued 6,000 shares to a consultant under its January 9, 2021 consulting agreement. 2. On July 28, 2022 the Company entered into an Amendment to the Letter Agreement detailed in note 3(2) above according to which the Consultant shall be entitled to 30,960 30,600

GENERAL (Policies)

GENERAL (Policies)	6 Months Ended
	Jun. 30, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]
Effects of the spread of the coronavirus	Effects of the spread of the coronavirus The COVID-19 pandemic continues to create business and economic uncertainty and volatility in the global markets. Many countries around the world are experiencing further outbreaks of the pandemic, following which governments are once again imposing various restrictions. At the same time, there is a recovery trend in the volume of economic activity around the world that leads on one hand, to significant demand for certain products and services and on the other hand, disruptions to worldwide supply chain routes and some raw materials. The Group continues to take measures to ensure the health and safety of its employees, suppliers, other business partners and the communities in which it operates in order to ensure, among others, the operation level, the proper functioning of its facilities and to minimize the pandemic’s potential impact on its business. Manufacturing continues at the Group’s sites without interruptions. However, there is still a difficulty in assessing the future impacts of the pandemic on the Group’s operations, inter alia, in light of the uncertainty of its duration, the extent of its intensity and effects on global supply chains and global markets, and additional countermeasures that may be taken by governments and central banks.

SUMMARY OF SIGNIFICANT ACCOUN_2

SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION (Policies)	6 Months Ended
	Jun. 30, 2022
Accounting Policies [Abstract]
Basis of presentation	Basis of presentation The condensed interim consolidated financial statements included in this quarterly report are unaudited. These financial statements have been prepared in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”) and applicable rules and regulations of the SEC regarding interim financial reporting and reflect, in the opinion of management, all adjustments of a normal and recurring nature that are necessary for a fair statement of the Company’s financial position as of June 30, 2022, and its results of operations for the three and six months ended June 30, 2022, and 2021, changes in shareholders’ equity for the three and six months ended June 30, 2022 and 2021, and cash flows for the six months ended June 30, 2022 and 2021. The results of operations for the three and six months ended June 30, 2022 are not necessarily indicative of the results to be expected for the year ending December 31, 2022 or for any other future annual or interim period. These financial statements should be read in conjunction with the audited financial statements included in the Company’s Form 10--K for the year ended December 31, 2021 as filed with the SEC. The Company’s significant accounting policies are disclosed in the audited financial statements for the year ended December 31, 2021 included in the Company’s Form 10-K. Since the date of such financial statements, there have been no changes to the Company’s significant accounting policies. SAVE FOODS, INC. NOTES TO UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS NOTE SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION (continue)
Use of Estimates	Use of Estimates The preparation of unaudited condensed consolidated interim financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, certain revenues and expenses, and disclosure of contingent assets and liabilities as of the date of the financial statements. Actual results could differ from those estimates. As applicable to these financial statements, the most significant estimates and assumptions relate to share based compensation.

STOCK OPTIONS (Tables)

STOCK OPTIONS (Tables)	6 Months Ended
	Jun. 30, 2022
Share-Based Payment Arrangement [Abstract]
SCHEDULE OF STOCK OPTION ACTIVITY	The following table presents the Company’s stock option activity for employees and directors of the Company for the three and six months ended June 30, 2022: SCHEDULE OF STOCK OPTION ACTIVITY Number of Options Weighted Average Exercise Price Outstanding at December 31, 2021 192,576 3.38 Granted - - Exercised - - Forfeited or expired - - Outstanding at June 30, 2022 192,576 3.38 Number of options exercisable at June 30, 2022 191,981 3.38

RELATED PARTIES (Tables)

RELATED PARTIES (Tables)	6 Months Ended
	Jun. 30, 2022
Related Party Transactions [Abstract]
SCHEDULE OF TRANSACTIONS AND BALANCES WITH RELATED PARTIES	A. Transactions and balances with related parties SCHEDULE OF TRANSACTIONS AND BALANCES WITH RELATED PARTIES Six months ended June 30, 2022 2021 General and administrative expenses: Directors compensation 156,913 22,217 Salaries and fees to officers 289,824 70,145 General and administrative expenses net (*) 446,737 (*) 92,362 (*) of which share based compensation 48,931 6,533 Research and development expenses: Salaries and fees to officers (*) 54,572 - (*) of which share based compensation 2,921 - Selling and marketing expenses: Salaries and fees to officers (*) 54,572 - (*) of which share based compensation 2,921 - B. Balances with related parties and officers: Other accounts payables 89,806 173,526

GEOGRAPHIC AREAS AND MAJOR CU_2

GEOGRAPHIC AREAS AND MAJOR CUSTOMERS (Tables)	6 Months Ended
	Jun. 30, 2022
Geographic Areas And Major Customers
SCHEDULE OF INFORMATION ON SALES BY GEOGRAPHIC DISTRIBUTION	The Company has one operating segment. Sales are attributed to geographic distribution based on the location of the customer. SCHEDULE OF INFORMATION ON SALES BY GEOGRAPHIC DISTRIBUTION Six months ended June 30, Three months ended June 30, 2022 2021 2022 2021 Israel 11,213 - - - United States 35,948 84,674 - - Mexico 71,549 92,803 31,080 54,403 Revenues from sales of products 118,710 177,477 31,080 54,403
SCHEDULE OF SALES TO CUSTOMERS	B. Sales to single customers exceeding 10% of sales (US$): SCHEDULE OF SALES TO CUSTOMERS Six months ended June 30, Three months ended June 30, 2022 2021 2022 2021 Customer A 71,549 92,803 31,080 54,403 Customer B 35,948 84,674 - - Revenues from sales of products 107,497 177,477 31,080 54,403

GENERAL (Details Narrative)

GENERAL (Details Narrative) - USD ($)		6 Months Ended
	May 13, 2021	Jun. 30, 2022	Jun. 30, 2021	Apr. 27, 2009
Number of shares of common stock	1,090,909
Proceeds from issuance of common stock	$ 10,457,862		$ 10,497,862
Issued and Outstanding Shares [Member]
Ownership percentage				98.48%

COMMON STOCK (Details Narrative

COMMON STOCK (Details Narrative)

3 Months Ended

6 Months Ended

Jun. 27, 2022 USD ($)

Jun. 26, 2022 USD ($) $ / shares shares

May 18, 2022 USD ($) shares

May 02, 2022 shares

Apr. 02, 2022 USD ($) $ / shares shares

Mar. 24, 2022 USD ($) shares

Mar. 10, 2022 USD ($) shares

Feb. 01, 2022 USD ($) $ / shares shares

Jan. 31, 2022 USD ($) shares

Jan. 31, 2022 ILS (₪) shares

Jan. 27, 2022 shares

Jan. 09, 2022 USD ($) shares

May 13, 2021 shares

Feb. 23, 2021

Jun. 30, 2022 USD ($)

Jun. 30, 2021 USD ($)

Jun. 30, 2022 USD ($)

Jun. 30, 2021 USD ($)

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares of common stock | shares

1,090,909

Number of shares issued

$ 10,457,862

Warrants to purchase shares | shares

40,000

60,000

Share based compensation

$ 146,057

$ 16,999

$ 146,057

Cash payments

$ 5,500

Stockholders equity reverse stock split

7 to 1 reverse stock

Share-Based Payment Arrangement, Option [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Share based compensation

33,334

Vest Upon Laps of 12 Months [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase shares | shares

20,000

20,000

Warrants or rights | $ / shares

$ 6

$ 8

Vest Upon Laps of 18 Months [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase shares | shares

20,000

Warrants or rights | $ / shares

$ 9.50

Vest Upon Laps of 24 Months [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase shares | shares

20,000

Warrants or rights | $ / shares

$ 11

Vest Upon Laps Of 6 Months [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Warrants to purchase shares | shares

20,000

Warrants or rights | $ / shares

$ 4.50

Mr.Joachim Fuchs [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares of common stock | shares

9,000

Number of shares issued

$ 38,790

Consulting Agreements [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Monthly consultancy fee

$ 4,250

Number of shares of common stock | shares

25,000

25,000

6,000

Number of shares issued

$ 39,420

$ 19,125

Share based compensation

$ 136,000

Consulting Agreements [Member] | June 15, 2021 [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares of common stock | shares

600

Consulting Agreements [Member] | May 11, 2022 [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares of common stock | shares

9,000

Consulting Agreements [Member] | Mr.Joachim Fuchs [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Monthly consultancy fee

$ 1,600

₪ 5,000

Number of shares of common stock | shares

9,000

9,000

Deferred compensation arrangements, overall, description

subject to the terms of the equity incentive plan to be adopted by the Company, options to purchase 1.5% of the Company’s’ outstanding capital stock of which (1) 0.5% of such options shall have an exercise price of $1 and shall be vested in 4 equal quarters during the 12 months period commencing the Effective Date (January 1, 2022), (2) 0.5% of such options shall have an exercise price of $1.25 and shall be vested in 4 equal quarters during the 12 months period following the 12 month anniversary of the Effective Date, (3) 0.5% of such options shall have an exercise price of $1.5 and shall be vested in 4 equal quarters during the 12 months period following the 24 month anniversary of the Effective Date

subject to the terms of the equity incentive plan to be adopted by the Company, options to purchase 1.5% of the Company’s’ outstanding capital stock of which (1) 0.5% of such options shall have an exercise price of $1 and shall be vested in 4 equal quarters during the 12 months period commencing the Effective Date (January 1, 2022), (2) 0.5% of such options shall have an exercise price of $1.25 and shall be vested in 4 equal quarters during the 12 months period following the 12 month anniversary of the Effective Date, (3) 0.5% of such options shall have an exercise price of $1.5 and shall be vested in 4 equal quarters during the 12 months period following the 24 month anniversary of the Effective Date

Letter Agreement [Member] | February 2022 Warrant [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Number of shares of common stock | shares

15,480

Deferred compensation arrangements, overall, description

In addition, the Company has provided the Consultant anti-dilution rights if at any time after both the (a) the approval of the agreement and (b) the Company having exceeded 3,000,000 shares of common stock. In such event the Consultant shall receive for no consideration additional securities necessary to maintain a fully-diluted ownership percentage (as defined in the Letter Agreement). In addition, the consultant is entitled to convert the February 2022 Warrant into cash, except for the portion of the February 2022 Warrant issuable upon signing of the agreement, upon providing the Company with advance notice of at least 45 days prior to each exercise date, an amount not to exceed 33% of the Warrant Shares due to vest, based on the share price of the Company less the exercise price

Warrants to purchase shares | shares

77,400

Share price | $ / shares

$ 0.05

Debt conversion amount

$ 20,000

Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate

1.35%

Volatility rate

52.14%

Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate

0%

Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term

9 months

Debt instrument, fair value disclosure

332,859

$ 332,859

Share based compensation

105,358

Investor relation agreement [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Monthly consultancy fee

$ 3,333

$ 15,000

$ 11,000

Number of shares of common stock | shares

12,000

12,000

14,000

Number of shares issued

$ 66,000

$ 103,600

Share based compensation

$ 31,790

Investor relation agreement [Member] | April Warrant [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Dividend Rate

0%

Debt instrument, fair value disclosure

$ 40,350

$ 40,350

Investor relation agreement [Member] | April Warrant [Member] | Maximum [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate

1.72%

Volatility rate

63.36%

Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term

2 years

Investor relation agreement [Member] | April Warrant [Member] | Minimum [Member]

Accumulated Other Comprehensive Income (Loss) [Line Items]

Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Risk Free Interest Rate

2.44%

Volatility rate

52.14%

Share-Based Compensation Arrangement by Share-Based Payment Award, Fair Value Assumptions, Expected Term

1 year

SCHEDULE OF STOCK OPTION ACTIVI

SCHEDULE OF STOCK OPTION ACTIVITY (Details)	6 Months Ended
	Jun. 30, 2022 $ / shares shares
Share-Based Payment Arrangement [Abstract]
Number of Options Outstanding, Beginning | shares	192,576
Weighted Average Exercise Price, Beginning | $ / shares	$ 3.38
Number of Options, Granted | shares
Weighted Average Exercise Price, Granted | $ / shares
Number of Options, Exercised | shares
Weighted Average Exercise Price, Exercised | $ / shares
Number of Options, Forfeited | shares
Weighted Average Exercise Price, Forfeited | $ / shares
Number of Options Outstanding, Ending | shares	192,576
Weighted Average Exercise Price, Ending | $ / shares	$ 3.38
Number of Options Exercisable | shares	191,981
Weighted Average Exercise Price, Exercisable | $ / shares	$ 3.38

STOCK OPTIONS (Details Narrativ

STOCK OPTIONS (Details Narrative) - USD ($)	3 Months Ended	6 Months Ended
	Jun. 30, 2022	Jun. 30, 2022	Jun. 30, 2021	Dec. 31, 2021
Share-Based Payment Arrangement [Abstract]
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Intrinsic Value	$ 27,863	$ 27,863
Share-Based Compensation Arrangement by Share-Based Payment Award, Options, Outstanding, Weighted Average Exercise Price	$ 3.38	$ 3.38		$ 3.38
Stock based compensation	$ 146,057	$ 16,999	$ 146,057

SCHEDULE OF TRANSACTIONS AND BA

SCHEDULE OF TRANSACTIONS AND BALANCES WITH RELATED PARTIES (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Related Party Transaction [Line Items]
General and administrative expenses net	$ 1,036,725	$ 1,419,736	$ 2,040,682	$ 1,672,707
Share based compensation	146,057		16,999	146,057
Salaries and fees to officers	113,376	226,742	322,738	296,533
Salaries and fees to officers	144,913	18,712	323,049	33,409
Related Parties and Officers [Member]
Related Party Transaction [Line Items]
Other accounts payables	$ 89,806	$ 173,526	89,806	173,526
General and Administrative Expense [Member]
Related Party Transaction [Line Items]
General and administrative expenses net			446,737	92,362
Share based compensation			48,931	6,533
General and Administrative Expense [Member] | Directors Compensation [Member]
Related Party Transaction [Line Items]
General and administrative expenses net			156,913	22,217
General and Administrative Expense [Member] | Salaries and Fees to Officers [Member]
Related Party Transaction [Line Items]
General and administrative expenses net			289,824	70,145
Research and Development Expense [Member]
Related Party Transaction [Line Items]
Share based compensation			2,921
Research and Development Expense [Member] | Salaries and Fees to Officers [Member]
Related Party Transaction [Line Items]
Salaries and fees to officers			54,572
Selling and Marketing Expense [Member]
Related Party Transaction [Line Items]
Share based compensation			2,921
Selling and Marketing Expense [Member] | Salaries and Fees to Officers [Member]
Related Party Transaction [Line Items]
Salaries and fees to officers			$ 54,572

RELATED PARTIES (Details Narrat

RELATED PARTIES (Details Narrative) - Apr. 17, 2022 - Ms Lital Brida [Member] - Treasurer and CFO [Member]	ILS (₪)	$ / shares
Deferred Compensation Arrangement with Individual, Excluding Share-Based Payments and Postretirement Benefits [Line Items]
Base salary | ₪	₪ 25,000
Common stock par value | $ / shares		$ 0.0001

SCHEDULE OF INFORMATION ON SALE

SCHEDULE OF INFORMATION ON SALES BY GEOGRAPHIC DISTRIBUTION (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues from sales of products	$ 31,080	$ 54,403	$ 118,710	$ 177,477
ISRAEL
Revenues from sales of products			11,213
UNITED STATES
Revenues from sales of products			35,948	84,674
MEXICO
Revenues from sales of products	$ 31,080	$ 54,403	$ 71,549	$ 92,803

SCHEDULE OF SALES TO CUSTOMERS

SCHEDULE OF SALES TO CUSTOMERS (Details) - USD ($)	3 Months Ended		6 Months Ended
	Jun. 30, 2022	Jun. 30, 2021	Jun. 30, 2022	Jun. 30, 2021
Revenues from sales of products	$ 31,080	$ 54,403	$ 118,710	$ 177,477
Customer A [Member]
Revenues from sales of products	31,080	54,403	71,549	92,803
Customer B [Member]
Revenues from sales of products			35,948	84,674
Customer [Member]
Revenues from sales of products	$ 31,080	$ 54,403	$ 107,497	$ 177,477

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($)	Jul. 28, 2022	Jul. 11, 2022	May 02, 2022	Jan. 27, 2022	Jan. 09, 2022	May 13, 2021	Jun. 26, 2022	Apr. 02, 2022
Subsequent Event [Line Items]
Stock Issued During Period, Shares, New Issues						1,090,909
Class of warrant vested							40,000	60,000
Consulting Agreements [Member]
Subsequent Event [Line Items]
Stock Issued During Period, Shares, New Issues			25,000	25,000	6,000
Subsequent Event [Member] | Consulting Agreements [Member] | January 9, 2021 [Member]
Subsequent Event [Line Items]
Stock Issued During Period, Shares, New Issues		6,000
Subsequent Event [Member] | Letter Agreement [Member]
Subsequent Event [Line Items]
Class of warrant vested	30,960
Cash compensation cost	$ 30,600