Cover
Cover - shares | 6 Months Ended | |
Jun. 30, 2023 | Aug. 14, 2023 | |
Cover [Abstract] | ||
Document Type | 10-Q | |
Amendment Flag | false | |
Document Quarterly Report | true | |
Document Transition Report | false | |
Document Period End Date | Jun. 30, 2023 | |
Document Fiscal Period Focus | Q2 | |
Document Fiscal Year Focus | 2023 | |
Current Fiscal Year End Date | --12-31 | |
Entity File Number | 333-240161 | |
Entity Registrant Name | CREATIONS, INC. | |
Entity Central Index Key | 0001795938 | |
Entity Tax Identification Number | 84-2054332 | |
Entity Incorporation, State or Country Code | DE | |
Entity Address, Address Line One | c/o Sichenzia Ross Ference LLP | |
Entity Address, Address Line Two | 1185 Avenue of the Americas, 31st Floor | |
Entity Address, City or Town | New York | |
Entity Address, State or Province | NY | |
Entity Address, Postal Zip Code | 10036 | |
City Area Code | 212 | |
Local Phone Number | 930-9700 | |
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 | 3,544,242 |
Condensed Consolidated Statemen
Condensed Consolidated Statements of Financial Position - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Current assets | ||
Cash and cash equivalents | $ 114 | |
Restricted cash | 77 | |
Capital Note | 637 | |
Receivables | 1,163 | |
Assets held for sale | 1,508 | |
Total current assets | 1,240 | 2,259 |
Non-current assets | ||
Loans granted to stockholders | 12 | 13 |
Total non-current assets | 12 | 13 |
Total assets | 1,252 | 2,272 |
Current liabilities | ||
Accounts payable | 203 | 145 |
Liabilities held for sale | 767 | |
Total current liabilities | 203 | 912 |
Total liabilities | 203 | 912 |
Stockholders’ Equity | ||
Common Stock of $0.0001 par value - Authorized: 100,000,000 shares at June 30, 2023 and December 31, 2022; Issued and outstanding: 3,544,242 shares at March 31, 2023 and December 31, 2022 | ||
Additional paid-in capital | 3,162 | 3,162 |
Treasury stocks receivables | (321) | |
Accumulated other comprehensive income | (24) | (24) |
Accumulated deficit | (1,768) | (1,778) |
Total stockholders’ equity | 1,049 | 1,360 |
Total liabilities and stockholders’ equity | $ 1,252 | $ 2,272 |
Condensed Consolidated Statem_2
Condensed Consolidated Statements of Financial Position (Parenthetical) - $ / shares | Jun. 30, 2023 | Dec. 31, 2022 |
Statement of Financial Position [Abstract] | ||
Common stock, par value | $ 0.0001 | $ 0.0001 |
Common stock, shares authorized | 100,000,000 | 100,000,000 |
Common stock, shares issued | 3,544,242 | 3,544,242 |
Common stock, shares outstanding | 3,544,242 | 3,544,242 |
Condensed Consolidated Statem_3
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Income Statement [Abstract] | ||||
General and administrative expenses (related parties of $35, $0, $52 and $0) | $ (62) | $ (35) | $ (96) | $ (40) |
Operating loss | (62) | (35) | (96) | (40) |
Foreign exchange differences | (6) | (6) | ||
Capital gain from realization of subsidiary | 112 | |||
Net income (loss) for the period from continuing operations | (68) | (35) | 10 | (40) |
Net income from discontinued operations, net of tax | 50 | 39 | ||
Net income (loss) for the period | (68) | 15 | 10 | (1) |
Other comprehensive expenses: | ||||
Other comprehensive expenses: Foreign currency translation adjustments from discontinued operation | (134) | (164) | ||
Comprehensive income (loss) | $ (68) | $ (119) | $ 10 | $ (165) |
Basic net income (loss) per share | $ (0.02) | $ 0 | $ 0 | $ 0 |
Diluted net income (loss) per share | $ (0.02) | $ 0 | $ 0 | $ 0 |
Weighted average number of Common Stock used in computing basic loss per share | 3,544,242 | 3,544,242 | 3,544,242 | 3,544,242 |
Weighted average number of Common Stock used in computing diluted loss per share | 3,544,242 | 3,544,242 | 3,544,242 | 3,544,242 |
Condensed Consolidated Statem_4
Condensed Consolidated Statements of Operations and Comprehensive Loss (Unaudited) (Parenthetical) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Related Party [Member] | ||||
Defined Benefit Plan Disclosure [Line Items] | ||||
General and administrative expenses related parties | $ 35 | $ 0 | $ 52 | $ 0 |
Condensed Consolidated Statem_5
Condensed Consolidated Statements of Changes in Stockholders' Equity (Unaudited) - USD ($) $ in Thousands | Common Stock [Member] | Additional Paid-in Capital [Member] | Treasury Stock, Common [Member] | AOCI Attributable to Parent [Member] | Retained Earnings [Member] | Total |
Beginning balance, value at Dec. 31, 2021 | $ 3,162 | $ 155 | $ (1,752) | $ 1,565 | ||
Beginning balance, shares at Dec. 31, 2021 | 3,544,242 | |||||
Other comprehensive loss | (164) | (164) | ||||
Net income (loss) for the period | (1) | (1) | ||||
Ending balance, value at Jun. 30, 2022 | 3,162 | (9) | (1,753) | 1,400 | ||
Ending balance, shares at Jun. 30, 2022 | 3,544,242 | |||||
Beginning balance, value at Mar. 31, 2022 | 3,162 | 125 | (1,768) | 1,519 | ||
Beginning balance, shares at Mar. 31, 2022 | 3,544,242 | |||||
Other comprehensive loss | (134) | (134) | ||||
Net income (loss) for the period | 15 | 15 | ||||
Ending balance, value at Jun. 30, 2022 | 3,162 | (9) | (1,753) | 1,400 | ||
Ending balance, shares at Jun. 30, 2022 | 3,544,242 | |||||
Beginning balance, value at Dec. 31, 2022 | 3,162 | (24) | (1,778) | 1,360 | ||
Beginning balance, shares at Dec. 31, 2022 | 3,544,242 | |||||
Net income (loss) for the period | 10 | 10 | ||||
Treasury stocks receivables | (321) | (321) | ||||
Ending balance, value at Jun. 30, 2023 | 3,162 | (321) | (24) | (1,768) | 1,049 | |
Ending balance, shares at Jun. 30, 2023 | 3,544,242 | |||||
Beginning balance, value at Mar. 31, 2023 | 3,162 | (321) | (24) | (1,700) | 1,117 | |
Beginning balance, shares at Mar. 31, 2023 | 3,544,242 | |||||
Net income (loss) for the period | (68) | (68) | ||||
Treasury stocks receivables | ||||||
Ending balance, value at Jun. 30, 2023 | $ 3,162 | $ (321) | $ (24) | $ (1,768) | $ 1,049 | |
Ending balance, shares at Jun. 30, 2023 | 3,544,242 |
Condensed Consolidated Statem_6
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | |
Cash flows from operating activities: | ||||
Net income (loss) | $ (68) | $ 15 | $ 10 | $ (1) |
Less net income from discontinued operations | (50) | (39) | ||
Adjustments to reconcile net loss to net cash used in operating activities: | ||||
Foreign exchange differences | 6 | 6 | ||
Capital gain from realization of subsidiary | (112) | |||
Accounts payable | 57 | 58 | ||
Related parties | 1 | |||
Operating cash flow from discontinued operations | 26 | 49 | ||
Net cash provided by (used in) operating activities | (5) | (9) | (37) | 9 |
Cash flows from investing activities: | ||||
Restricted cash | 5 | (77) | ||
Investing cash flow from discontinued operations | (90) | (64) | ||
Realization of subsidiary (appendix A) | (256) | |||
Net cash provided by (used in) investing activities | 5 | (90) | (333) | (64) |
Foreign currency translation adjustments on cash and cash equivalents from discontinued operations | (38) | (44) | ||
Change in cash and cash equivalents | (137) | (370) | (99) | |
Cash of continuing operations at the beginning of the period | 190 | 114 | 195 | |
Cash of discontinued operations at the beginning of the period | 351 | 256 | 308 | |
Cash at the end of the period | 404 | 404 | ||
Less cash of discontinued operations at the end of the period | (258) | (258) | ||
Cash and cash equivalents at end of year | $ 146 | $ 146 | ||
Appendix A – Realization of subsidiary | ||||
Asset held for sale (excluding cash) | (485) | |||
Capital note | (637) | |||
Treasury stocks receivables | 321 | |||
Receivables from realization of subsidiary | 1,169 | |||
Capital gain from realization of subsidiary | (112) | |||
Cash outflow from disposal of subsidiary | $ 256 |
GENERAL
GENERAL | 6 Months Ended |
Jun. 30, 2023 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
GENERAL | NOTE 1 - GENERAL A. Creations Inc. (hereinafter: the “Company”) was established as a private company under the laws of the State of Delaware on May 13, 2019. The Company’s core business is providing investment services for Israeli mutual funds. It operates as a portfolio manager through its wholly-owned subsidiaries. The Company has three wholly owned subsidiaries. Ocean Yetsira Ltd. (previously called Yestsira Holdings Ltd. (until April 28, 2021)) (hereinafter: “Ocean Yetsira”) which was established as a private Israeli corporation in December 2017, Yetsira Investment House Ltd. (hereinafter: “Yetsira”) which was established as a private Israeli corporation in November 2016 and Ocean Partners Y.O.D.M (hereinafter: “Ocean”) following its acquisition. B. On February 9, 2023, the Company entered into a share exchange agreement (the “Share Exchange Agreement”) by and among Aharon Barkai & Co. Ltd. (the “Purchasers”) through its controllers Yaniv Aharon and Dan Barkai, and an agreement for the purchase of Shares and Capital Notes (the “Purchase Agreement”), whereby the Company sold all of the capital stock and capital notes of Ocean Yetsira Ltd. (“Ocean”) in exchange for the payment of an aggregate of ILS 2,061,930 567,000 1,254,498 1,254,498 2,165,800 596,000 The closing of the transaction took place on August 2, 2023, after the balance sheet date. According to agreements between the parties to the share exchange agreements, as of February 7, 2023, the Company shall not have any financial or economic benefit with respect to the contentious operation of Ocean Yetsira and its subsidiaries. C. On August 31, 2020, the Company’s registration statement on Form S-1 was declared effective by the U.S. Securities and Exchange Commission. As at the date of filing this report, the Company’s shares have not begun to be quoted on the OTCQB. D. The figures in the financial statements are stated in U.S. Dollars in thousands unless otherwise mentioned. |
SIGNIFICANT ACCOUNTING POLICIES
SIGNIFICANT ACCOUNTING POLICIES | 6 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
SIGNIFICANT ACCOUNTING POLICIES | NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES The interim financial statements have been prepared in accordance with generally accepted accounting principles in the United States of America (“U.S. GAAP”). The interim financial statements do not include a full disclosure as required in annual financial statements and should be read with the annual financial statements of the Company as of December 31, 2022. The accounting policies implemented in the interim financial statements is consistent with the accounting policies implemented in the annual financial statements as of December 31, 2022, except of the following accounting pronouncement adopted by the company. A. Use of Estimates in Preparation of Financial Statements The preparation of consolidated financial statements in conformity with U.S. GAAP accounting principles requires management to make estimates and assumptions. The Company’s management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates. B. Principles of consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. C. Functional currency The functional currency of the Company is the U.S. dollar, which is the currency of the primary economic environment in which it operates. In accordance with ASC 830, “Foreign Currency Matters” (ASC 830), monetary balances denominated in or linked to foreign currency are stated on the basis of the exchange rates prevailing at the applicable balance sheet date. For foreign currency transactions included in the statement of operations, the exchange rates applicable on the relevant transaction dates are used. Gains or losses arising from changes in the exchange rates used in the translation of such transactions and from the remeasurement of monetary balance sheet items are carried as financing income or expenses. The functional currency of Ocean Yetsira, Yetsira and Ocean is the New Israeli Shekel (“NIS”) and their financial statements are included in the consolidation based on translation into US dollars. Accordingly, assets and liabilities were translated from NIS to US dollars using year-end exchange rates, and income and expense items were translated at average exchange rates during the year. Gains or losses resulting from translation adjustments are reflected in stockholders’ equity, under “Accumulated Other Comprehensive Income”. SCHEDULE OF TRANSLATION ADJUSTMENTS June 30, June 30, 2023 2022 Official exchange rate of NIS 1 to US dollar 0.270 0.286 Exchange rate change in the period (4.9 )% (11.1 )% CREATIONS INC. AND SUBSIDIARIES NOTES TO THE CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (U.S. dollars in thousands) |
SIGNIFICAN EVENTS DURING THE PE
SIGNIFICAN EVENTS DURING THE PERIOD | 6 Months Ended |
Jun. 30, 2023 | |
Significan Events During Period | |
SIGNIFICAN EVENTS DURING THE PERIOD | NOTE 3 - SIGNIFICAN EVENTS DURING THE PERIOD Following the closing of the transactions described in note 1.B. on March 20, 2023, the company disposed its investments in Ocean Yetsira, Yetsira and Ocean (the sold companies) and recognized a receivable balance in the amount of $ 1,169 321 As of February 7, 2023, the Company do not have any financial or economic benefit with respect to the contentious operation of Ocean Yetsira and its subsidiaries. As a result, the company ceased the consolidation of the sold companies’ assets, liabilities and results. For practical matters, the consolidation ceased as of January 1, 2023. As at the date of the financial statements approval, the shares described in note 1.B. were not received. Assets Held for Sale In accordance with the provisions of ASC-205-20, presentation of Financial Statements, the company have separately reported the assets and liabilities of the discontinued operations in the consolidated statements of financial position as of December 31, 2022. Following non-commital guidelines for future transactions regarding sale of main activity to related parties during 2022 and the agreement described in note 1.B., the company classified its investments in the sold companies as of December 31, 2022 as an asset held for sale. The balances of the sold companies were as follows. SCHEDULE OF DISCONTINUED OPERATIONS HELD FOR SALE December 31, 2022 Cash and cash equivalents 256 Marketable securities 310 Bank deposit 18 Accounts receivable 102 Other current assets 7 Property and equipment, net 36 Intangible assets, net 205 Goodwill 574 Total assets 1,508 Accounts payable 83 Deferred taxes 47 Capital note 637 Total liabilities 767 |
RELATED PARTIES BALANCES AND TR
RELATED PARTIES BALANCES AND TRANSACTIONS | 6 Months Ended |
Jun. 30, 2023 | |
Related Party Transactions [Abstract] | |
RELATED PARTIES BALANCES AND TRANSACTIONS | NOTE 4 - RELATED PARTIES BALANCES AND TRANSACTIONS A. Balances with related parties SCHEDULE OF BALANCES WITH RELATED PARTIES June 30, December 31, 2023 2022 Assets: Loans granted to stockholders $ 12 $ 13 Liabilities: Management fee payable to related parties $ 74 $ 67 B. Transactions with related parties SCHEDULE OF TRANSACTIONS WITH RELATED PARTIES 2023 2022 Three months ended June 30, 2023 2022 Income: Interest income in respect to loans granted to stockholders $ - * $ - * Expenses: Management fee ** $ 35 $ 80 2023 2022 Six months ended June 30, 2023 2022 Income: Interest income in respect to loans granted to stockholders $ - * $ - * Expenses: Management fee ** $ 52 $ 205 * Less than $1 thousand. ** Comparative figures included in discontinued operations. |
SIGNIFICANT ACCOUNTING POLICI_2
SIGNIFICANT ACCOUNTING POLICIES (Policies) | 6 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
Use of Estimates in Preparation of Financial Statements | A. Use of Estimates in Preparation of Financial Statements The preparation of consolidated financial statements in conformity with U.S. GAAP accounting principles requires management to make estimates and assumptions. The Company’s management believes that the estimates, judgments and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the dates of the financial statements, and the reported amounts of expenses during the reporting period. Actual results could differ from those estimates. |
Principles of consolidation | B. Principles of consolidation The consolidated financial statements include the accounts of the Company and its subsidiaries. All intercompany balances and transactions have been eliminated in consolidation. |
Functional currency | C. Functional currency The functional currency of the Company is the U.S. dollar, which is the currency of the primary economic environment in which it operates. In accordance with ASC 830, “Foreign Currency Matters” (ASC 830), monetary balances denominated in or linked to foreign currency are stated on the basis of the exchange rates prevailing at the applicable balance sheet date. For foreign currency transactions included in the statement of operations, the exchange rates applicable on the relevant transaction dates are used. Gains or losses arising from changes in the exchange rates used in the translation of such transactions and from the remeasurement of monetary balance sheet items are carried as financing income or expenses. The functional currency of Ocean Yetsira, Yetsira and Ocean is the New Israeli Shekel (“NIS”) and their financial statements are included in the consolidation based on translation into US dollars. Accordingly, assets and liabilities were translated from NIS to US dollars using year-end exchange rates, and income and expense items were translated at average exchange rates during the year. Gains or losses resulting from translation adjustments are reflected in stockholders’ equity, under “Accumulated Other Comprehensive Income”. SCHEDULE OF TRANSLATION ADJUSTMENTS June 30, June 30, 2023 2022 Official exchange rate of NIS 1 to US dollar 0.270 0.286 Exchange rate change in the period (4.9 )% (11.1 )% |
SIGNIFICANT ACCOUNTING POLICI_3
SIGNIFICANT ACCOUNTING POLICIES (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Accounting Policies [Abstract] | |
SCHEDULE OF TRANSLATION ADJUSTMENTS | SCHEDULE OF TRANSLATION ADJUSTMENTS June 30, June 30, 2023 2022 Official exchange rate of NIS 1 to US dollar 0.270 0.286 Exchange rate change in the period (4.9 )% (11.1 )% |
SIGNIFICAN EVENTS DURING THE _2
SIGNIFICAN EVENTS DURING THE PERIOD (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Significan Events During Period | |
SCHEDULE OF DISCONTINUED OPERATIONS HELD FOR SALE | SCHEDULE OF DISCONTINUED OPERATIONS HELD FOR SALE December 31, 2022 Cash and cash equivalents 256 Marketable securities 310 Bank deposit 18 Accounts receivable 102 Other current assets 7 Property and equipment, net 36 Intangible assets, net 205 Goodwill 574 Total assets 1,508 Accounts payable 83 Deferred taxes 47 Capital note 637 Total liabilities 767 |
RELATED PARTIES BALANCES AND _2
RELATED PARTIES BALANCES AND TRANSACTIONS (Tables) | 6 Months Ended |
Jun. 30, 2023 | |
Related Party Transactions [Abstract] | |
SCHEDULE OF BALANCES WITH RELATED PARTIES | SCHEDULE OF BALANCES WITH RELATED PARTIES June 30, December 31, 2023 2022 Assets: Loans granted to stockholders $ 12 $ 13 Liabilities: Management fee payable to related parties $ 74 $ 67 |
SCHEDULE OF TRANSACTIONS WITH RELATED PARTIES | SCHEDULE OF TRANSACTIONS WITH RELATED PARTIES 2023 2022 Three months ended June 30, 2023 2022 Income: Interest income in respect to loans granted to stockholders $ - * $ - * Expenses: Management fee ** $ 35 $ 80 2023 2022 Six months ended June 30, 2023 2022 Income: Interest income in respect to loans granted to stockholders $ - * $ - * Expenses: Management fee ** $ 52 $ 205 * Less than $1 thousand. ** Comparative figures included in discontinued operations. |
GENERAL (Details Narrative)
GENERAL (Details Narrative) - Feb. 09, 2023 ₪ in Thousands, shares in Thousands, $ in Thousands | USD ($) shares | ILS (₪) |
Aharon [Member] | ||
Capital notes payable | $ 596,000 | ₪ 2,165,800 |
Ocean Yetsira Ltd [Member] | ||
Capital notes payable | $ 567,000 | ₪ 2,061,930 |
Ocean Yetsira Ltd [Member] | Common Stock [Member] | ||
Common stock issued | 1,254,498 | |
Ocean Yetsira Ltd [Member] | Warrant [Member] | ||
Common stock issued | 1,254,498 |
SCHEDULE OF TRANSLATION ADJUSTM
SCHEDULE OF TRANSLATION ADJUSTMENTS (Details) | 6 Months Ended | |
Jun. 30, 2023 $ / shares | Jun. 30, 2022 $ / shares | |
Accounting Policies [Abstract] | ||
Official exchange rate of NIS 1 to US dollar | $ 0.270 | $ 0.286 |
Exchange rate change in the quarter | (0.049) | (0.111) |
SCHEDULE OF DISCONTINUED OPERAT
SCHEDULE OF DISCONTINUED OPERATIONS HELD FOR SALE (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Mar. 20, 2023 | Dec. 31, 2022 |
Multiemployer Plan [Line Items] | |||
Accounts receivable | $ 1,169 | ||
Total assets | $ 1,508 | ||
Total liabilities | 767 | ||
Ocean Yetsira [Member] | Discontinued Operations, Held-for-Sale [Member] | |||
Multiemployer Plan [Line Items] | |||
Cash and cash equivalents | 256 | ||
Marketable securities | 310 | ||
Bank deposit | 18 | ||
Accounts receivable | 102 | ||
Other current assets | 7 | ||
Property and equipment, net | 36 | ||
Intangible assets, net | 205 | ||
Goodwill | 574 | ||
Total assets | 1,508 | ||
Accounts payable | 83 | ||
Deferred taxes | 47 | ||
Capital note | 637 | ||
Total liabilities | $ 767 |
SIGNIFICAN EVENTS DURING THE _3
SIGNIFICAN EVENTS DURING THE PERIOD (Details Narrative) - USD ($) $ in Thousands | Jun. 30, 2023 | Mar. 20, 2023 | Dec. 31, 2022 |
Significan Events During Period | |||
Receivables | $ 1,169 | ||
Treasury stock, value | $ 321 | $ 321 |
SCHEDULE OF BALANCES WITH RELAT
SCHEDULE OF BALANCES WITH RELATED PARTIES (Details) - USD ($) $ in Thousands | Jun. 30, 2023 | Dec. 31, 2022 |
Related Party Transactions [Abstract] | ||
Loans granted to stockholders | $ 12 | $ 13 |
Management fee payable to related parties | $ 74 | $ 67 |
SCHEDULE OF TRANSACTIONS WITH R
SCHEDULE OF TRANSACTIONS WITH RELATED PARTIES (Details) - Related Party [Member] - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
Jun. 30, 2023 | Jun. 30, 2022 | Jun. 30, 2023 | Jun. 30, 2022 | ||
Related Party Transaction [Line Items] | |||||
Interest income in respect to loans granted to stockholders | [1] | ||||
Management fee | [2] | $ 35 | $ 80 | $ 52 | $ 205 |
[1]Less than $1 thousand.[2]Comparative figures included in discontinued operations. |