Cover
| Cover | 6 Months Ended |
| Jun. 30, 2024 | |
| Cover [Abstract] | |
| Document Type | 6-K |
| Amendment Flag | false |
| Document Period End Date | Jun. 30, 2024 |
| Document Fiscal Period Focus | Q2 |
| Document Fiscal Year Focus | 2024 |
| Current Fiscal Year End Date | --12-31 |
| Entity File Number | 001-40472 |
| Entity Registrant Name | A2Z CUST2MATE SOLUTIONS CORP. |
| Entity Central Index Key | 0001866030 |
| Entity Address, Address Line One | 1600-609 Granville Street |
| Entity Address, City or Town | Vancouver |
| Entity Address, State or Province | BC |
| Entity Address, Country | CA |
| Entity Address, Postal Zip Code | V7Y 1C3 |
Condensed Interim Consolidated
| Condensed Interim Consolidated Statements of Financial Position (Unaudited) - USD ($) $ in Thousands | Jun. 30, 2024 | Dec. 31, 2023 |
| Current assets | ||
| Cash and cash equivalents | $ 653 | $ 2,267 |
| Deposits | 75 | 77 |
| Inventories | 241 | 250 |
| Trade receivables, net | 1,835 | 1,477 |
| Other accounts receivable | 757 | 660 |
| Total current assets | 3,561 | 4,731 |
| Intangible asset - patent, net | 1,788 | 1,850 |
| Long term financial asset at fair value | 74 | 77 |
| Property, plant and equipment, net | 1,796 | 1,861 |
| Total non-current assets | 3,658 | 3,788 |
| Total Assets | 7,219 | 8,519 |
| Current liabilities | ||
| Short term loan and current portion of long-term loans | 1,201 | 1,166 |
| Bank overdraft | 15 | |
| Lease liability | 379 | 190 |
| Trade payables | 2,840 | 1,742 |
| Other accounts payable | 2,333 | 2,543 |
| Total current liabilities | 6,768 | 5,632 |
| Lease liability | 316 | 410 |
| Long term loans | 133 | 228 |
| Provisions | 1,362 | |
| Warrant Liability (note 3) | 225 | 3,075 |
| Severance payment, net | 117 | 121 |
| Total non-current liabilities | 791 | 5,196 |
| Total liabilities | 7,559 | 10,828 |
| Shareholders’ deficit (note 4) | ||
| Share capital and additional paid in capital | 61,494 | 55,485 |
| Warrant Reserve | 30,863 | 30,863 |
| Accumulated other comprehensive income | (1,800) | (1,330) |
| Transactions with non-controlling interests | 927 | 927 |
| Accumulated deficit | (85,859) | (83,456) |
| Total equity attributable to Company shareholders | 5,625 | 2,489 |
| Non-controlling interest | (5,965) | (4,798) |
| Total shareholders’ deficit | (340) | (2,309) |
| Total liabilities and shareholders’ deficit | $ 7,219 | $ 8,519 |
Condensed Interim Consolidate_2
| Condensed Interim Consolidated Statements of Loss and Comprehensive Loss (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 6 Months Ended | ||
| Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
| Profit or loss [abstract] | ||||
| Revenues (note 6) | $ 1,538 | $ 2,860 | $ 3,235 | $ 7,468 |
| Cost of revenues | 1,415 | 2,222 | 2,785 | 5,809 |
| Gross profit | 123 | 638 | 450 | 1,659 |
| Expenses: | ||||
| Research and development costs | 978 | 1,220 | 2,213 | 2,243 |
| Sales and marketing costs | 583 | 359 | 894 | 482 |
| General and administration expenses | 2,081 | 3,797 | 4,584 | 7,702 |
| Operating loss | (3,519) | (4,738) | (7,241) | (8,768) |
| Loss (gain) on revaluation of warrant Liability (note 3) | (421) | 2,749 | (3,775) | 2,344 |
| Financial (income) expense | 76 | (65) | 104 | 153 |
| Loss before taxes on income | (3,174) | (7,422) | (3,570) | (11,265) |
| Income tax expense | ||||
| Net loss for the period | (3,174) | (7,422) | (3,570) | (11,265) |
| Less: Net loss attributable to non-controlling interests | (604) | (454) | (1,167) | (724) |
| Net loss attributable to controlling shareholders | (2,570) | (6,968) | (2,403) | (10,541) |
| Net loss for the period | (3,174) | (7,422) | (3,570) | (11,265) |
| Item that will not be reclassified to profit or loss: | ||||
| Adjustments arising from translation of financial statements to presentation currency | 222 | 574 | (470) | 225 |
| Other comprehensive income (loss) | 222 | 574 | (470) | 225 |
| Total comprehensive loss for the period | (2,952) | (6,848) | (4,040) | (11,040) |
| Comprehensive loss attributable to controlling shareholders | $ (2,570) | $ (6,394) | $ (2,403) | $ (10,316) |
| Basic loss per share | $ (0.05) | $ (0.19) | $ (0.05) | $ (0.34) |
| Diluted loss per share | $ (0.05) | $ (0.19) | $ (0.05) | $ (0.34) |
| Weighted average number of shares outstanding | 51,731,345 | 33,386,071 | 46,292,064 | 32,349,810 |
Condensed Interim Consolidate_3
| Condensed Interim Consolidated Statements of Changes in Shareholders' Equity (Deficit) (Unaudited) - USD ($) $ in Thousands | Issued capital [member] | Capital reserve [member] | Accumulated other comprehensive income [member] | Transactions with non controlling parties [member] | Retained earnings [member] | Non-controlling interests [member] | Total |
| Balance at Dec. 31, 2022 | $ 43,452 | $ 30,863 | $ (1,634) | $ (67,395) | $ (2,397) | $ 2,889 | |
| Balance, shares at Dec. 31, 2022 | 30,945,322 | ||||||
| IfrsStatementLineItems [Line Items] | |||||||
| Net loss for the period | (10,541) | (724) | (11,265) | ||||
| Adjustments arising from translating financial statements of foreign operations | 225 | 225 | |||||
| Net comprehensive loss for the period | 225 | (10,541) | (724) | (11,040) | |||
| Exercise of RSUs | |||||||
| Exercise of RSUs, shares | 30,000 | ||||||
| Share based compensation | $ 2,967 | 2,967 | |||||
| Issuance of shares in respect of private placement | $ 2,233 | 2,233 | |||||
| Issuance of shares in respect of private placement, shares | 1,783,561 | ||||||
| Issuance of shares in respect of registered direct offering | $ 4,193 | 4,193 | |||||
| Issuance of shares in respect of registered direct offering, shares | 3,818,275 | ||||||
| Exercise of warrants | $ 99 | 99 | |||||
| Exercise of warrants, shares | 65,000 | ||||||
| Balance at Jun. 30, 2023 | $ 52,944 | 30,863 | (1,409) | (77,936) | (3,121) | 1,341 | |
| Balance, shares at Jun. 30, 2023 | 36,642,158 | ||||||
| Balance at Dec. 31, 2023 | $ 55,485 | 30,863 | (1,330) | $ 927 | (83,456) | (4,798) | (2,309) |
| Balance, shares at Dec. 31, 2023 | 38,399,440 | ||||||
| IfrsStatementLineItems [Line Items] | |||||||
| Net loss for the period | (2,403) | (1,167) | (3,570) | ||||
| Adjustments arising from translating financial statements of foreign operations | (470) | (470) | |||||
| Net comprehensive loss for the period | (470) | (2,403) | (1,167) | (4,040) | |||
| Issuance of shares in January 2024 private placement (note 4(e)) | $ 2,022 | 2,022 | |||||
| Issuance of shares in January 2024 private placement (note 4(e)), shares | 2,806,302 | ||||||
| Exercise of RSUs | |||||||
| Exercise of RSUs, shares | 811,670 | ||||||
| Issuance of shares in April 2024 private placement (note 4(f)) | $ 3,318 | 3,318 | |||||
| Issuance of shares in April 2024 private placement (note 4(f)), shares | 10,214,940 | ||||||
| Share based compensation | $ 669 | 669 | |||||
| Balance at Jun. 30, 2024 | $ 61,494 | $ 30,863 | $ (1,800) | $ 927 | $ (85,859) | $ (5,965) | $ (340) |
| Balance, shares at Jun. 30, 2024 | 52,232,352 |
Condensed Interim Consolidate_4
| Condensed Interim Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands | 6 Months Ended | |
| Jun. 30, 2024 | Jun. 30, 2023 | |
| Cash flows from operating activities | ||
| Net loss for the period | $ (3,570) | $ (11,265) |
| Adjustments to reconcile net loss to net cash provided by operating activities: | ||
| Amortization and depreciation | 443 | 547 |
| Share based compensation | 669 | 2,967 |
| Loss on revaluation of warrant liability | (3,775) | 2,344 |
| Loss on revaluation of contingent liability | (1,305) | 19 |
| Change in severance liability | (4) | (2) |
| Change in inventory | 9 | (246) |
| Change in trade receivables | (358) | (174) |
| Change in other account receivables | (97) | 1,004 |
| Accrued interest on loans and leases | (24) | (10) |
| Changes in bank overdraft | 15 | |
| Change in accounts payable | 1,098 | 468 |
| Changes in deferred revenues | (1,373) | |
| Change in other accounts payable | (730) | (116) |
| Cash flow from operating activities | (7,629) | (5,837) |
| Cash flows from investing activities | ||
| Restricted deposits | 8 | |
| Purchase of property, plant and equipment | (33) | (157) |
| Cash flow used in investing activities | (33) | (149) |
| Cash flows from financing activities | ||
| Issuance of shares and warrants, net | 5,507 | 9,189 |
| Changes in other accounts payable | 529 | |
| Exercise of warrants | 99 | |
| Lease payments | (129) | (172) |
| Repayment of loans | (126) | (394) |
| Proceeds from receipt of loans | 31 | 94 |
| Cash flows from financing activities | 5,812 | 8,816 |
| Increase (decrease) in cash and cash equivalents | (1,850) | 2,830 |
| Effect of changes in foreign exchange rates | 236 | 225 |
| Cash and cash equivalents at beginning of period | 2,267 | 2,616 |
| Cash and cash equivalents at end of period | 653 | 5,671 |
| Interest paid during the period | 66 | 57 |
| APPENDIX A: NON-CASH ACTIVITIES | ||
| Recognition of right-of-use asset and lease liability | $ 260 | |
NATURE AND CONTINUANCE OF OPERA
| NATURE AND CONTINUANCE OF OPERATIONS | 6 Months Ended |
| Jun. 30, 2024 | |
| Notes and other explanatory information [abstract] | |
| NATURE AND CONTINUANCE OF OPERATIONS | NOTE 1 – NATURE AND CONTINUANCE OF OPERATIONS A2Z CUST2MATE SOLUTIONS CORP. (formerly A2Z Smart Technologies Corp.) (the “Company” or “A2Z”) was incorporated on January 15, 2018, under the laws of British Columbia. The head office is located at 1600 – 609 Granville Street, Vancouver, British Columbia V7Y 1C3, and the records and registered office is located at 2200 HSBC Building 885 West Georgia Street, British Columbia, V6C 3E8. The Company was listed on the NASDAQ Stock Market LLC (“Nasdaq”) starting January 22, 2022, and trades under the symbol “AZ”. The Company was listed on the TSX Venture Exchange (“TSX.V”) in Toronto until February 28, 2024. Following approval for a voluntary delisting, the Company no longer trades on the TSX.V but remains a reporting issuer in Canada and its common shares remain listed on Nasdaq. The Company owns 76.78 The Cust2Mate system offers various features for shoppers and retailers such as product information and location, an on-cart scale to weigh items and automatically calculate costs, bar-code scanner and on-board payment system to bypass checkout lines. In addition, the product includes big data smart algorithms and computer vision capabilities, allowing for customer specific targeted advertising. (“The Cust2Mate Platform”). The Company’s other activities include the provision of services in the field of services to the military and security markets as well as the development of related products for the civilian markets. Such services include providing maintenance services and container leasing. The Company also provides maintenance services for complex electronic systems and products. The Company, through its 80 The accompanying condensed interim consolidated financial statements have been prepared assuming that the Company will continue as a going concern. The Company has incurred recurring losses and negative cash flows from operating activities since inception, such that as of June 30, 2024, the Company had accumulated losses of $ 85,859 3,570 Considering the above, the Company’s dependency on external funding for its operations raises a substantial doubt about the Company’s ability to continue as a going concern. The condensed consolidated financial statements for the six months ended June 30, 2024, do not include any adjustments that might result from the outcome of these uncertainties. On October 7, 2023, Hamas terrorists infiltrated Israel’s southern border from the Gaza Strip and conducted a series of attacks on civilian and military targets. Hamas also launched extensive rocket attacks on Israeli population and industrial centers located along Israel’s border with the Gaza Strip and in other areas within the State of Israel. These attacks resulted in extensive deaths, injuries and kidnapping of civilians and soldiers. Following the attack, Israel’s security cabinet declared war against Hamas and a military campaign against these terrorist organizations commenced in parallel to their continued rocket and terror attacks. The intensity and duration of Israel’s current war is difficult to predict, as are such war’s implications on our business and operations. While none of our supply chains have been impacted since the war broke out on October 7, 2023, the ongoing war may create supply and demand irregularities in Israel’s economy in general or lead to macroeconomic indications of a deterioration of Israel’s economic standing, which may have a material adverse effect on us and our ability to effectively conduct our operations. Moreover, we cannot predict how this war will ultimately affect Israel’s economy in general, which may involve a downgrade in Israel’s credit rating by rating agencies (such as the recent downgrade by Moody’s of its credit rating of Israel from A1 to A2, as well as the downgrade of its outlook rating from “stable” to “negative”). In connection with the Israeli security cabinet’s declaration of war against Hamas and possible or currently occurring hostilities with other organizations, several hundred thousand Israeli military reservists were drafted to perform immediate military service. A few of our employees, none of whom are members of management, have been called to active military duty since October 7, 2023. Some of these employees have since returned, but there can be no assurance that they will not be called to military service again. In addition, we rely on service providers located in Israel and our employees or employees of such service providers may be called for service in the current or future wars or other armed conflicts with Hamas and such persons may be absent from their positions for a period of time. As of August 14, 2024, any impact as a result of the number of absences of our personnel and personnel at our service providers or counterparties located in Israel has been manageable. However, military service call ups that result in absences of personnel from our service providers or contractual counterparties in Israel may disrupt our operations and absences for an extended period of time may materially and adversely affect our business, prospects, financial condition and results of operations. Following the attack by Hamas on Israel’s southern border, Hezbollah in Lebanon has also launched missile, rocket, and shooting attacks against Israeli military sites, troops, and Israeli towns in northern Israel. In response to these attacks, the Israeli army has carried out a number of targeted strikes on sites belonging to Hezbollah in southern Lebanon. It is possible that other terrorist organizations, including Palestinian military organizations in the West Bank or the Houthis in Yemen, as well as other hostile countries, such as Iran, will join the hostilities. Such hostilities may include terror and missile attacks. Any hostilities involving Israel or the interruption or curtailment of trade between Israel and its trading partners could adversely affect our operations and results of operations. Our commercial insurance does not cover losses that may occur as a result of events associated with war and terrorism. Although the Israeli government currently covers the reinstatement value of direct damages that are caused by terrorist attacks or acts of war, we cannot assure you that this government coverage will be maintained or that it will sufficiently cover our potential damages. Any losses or damage incurred by us could have a material adverse effect on our business. Any armed conflicts or political instability in the region would likely negatively affect business conditions and could harm our results of operations. These Condensed Interim Consolidated financial statements were authorized for issue by the Board of Directors on August 14, 2024. A2Z CUST2MATE SOLUTIONS CORP. (formerly A2Z Smart Technologies Corp.) NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Expressed in thousands of US Dollars) |
BASIS OF PREPARATION
| BASIS OF PREPARATION | 6 Months Ended |
| Jun. 30, 2024 | |
| Notes and other explanatory information [abstract] | |
| BASIS OF PREPARATION | NOTE 2 – BASIS OF PREPARATION 1. Significant accounting policy Statement of Compliance These unaudited Condensed Interim Consolidated financial statements of the Company are as of June 30, 2024, and presented in US dollars, which is not the functional currency. The functional currency is the NIS. These unaudited interim condensed consolidated financial statements have been prepared in accordance with the requirements of International Accounting Standard IAS 34 “Interim Financial Reporting” as issued by the IASB. They do not include all the information required in annual financial statements in accordance with IFRS and should be read in conjunction with the financial statements of the Company for the year ended December 31, 2023. The policies applied in these Condensed Interim Consolidated financial statements are based on IFRS effective as of June 30, 2024, and are consistent with those included in the Company’s annual financial statements for the year ended December 31, 2023. Basis of Consolidation The financial results of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. Intercompany balances and transactions and any unrealized income and expenses arising from such transactions are eliminated upon consolidation. Basis of measurement These consolidated financial statements have been prepared on a going concern basis, under the historical cost basis, except for financial instruments which have been measured at fair value. 2. Critical Estimates and Assumptions The preparation of the Company’s financial statements requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities at the date of the financial statements and reported amounts of expenses during the reporting period. Actual outcomes could differ from these estimates. The Company’s financial statements include estimates which, by their nature, are uncertain. The impacts of such estimates are pervasive throughout the Company’s financial statements and may require accounting adjustments based on future occurrences. Revisions to accounting estimates are recognized in the period in which the estimate is revised and also in future periods when the revision affects both current and future periods. A2Z CUST2MATE SOLUTIONS CORP. (formerly A2Z Smart Technologies Corp.) NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Expressed in thousands of US Dollars) The functional currency for each of the Company’s subsidiaries is the currency of the primary economic environment in which the respective entity operates; the Company has determined the functional currency of each entity to be the New Israeli Shekel. Such determination involves certain judgements to identify the primary economic environment. The Company reconsiders the functional currency of its subsidiaries if there is a change in events and/or conditions which determine the primary economic environment. During the three and six months ended June 30, 2024, there have been no such changes. The Company’s presentation currency is the U.S. dollar. The critical judgments and significant estimates in applying accounting policies that have the most significant effect on the amounts recognized in the financial statements are the same as at December 31, 2023: a) The useful life of property and equipment Property and equipment are amortized or depreciated over their useful lives. Useful lives are based on management’s estimates of the period that the assets will generate revenue, which are periodically reviewed for continued appropriateness. Changes to estimates can result in significant variations in the amounts charged to the consolidated statement of comprehensive income in specific periods. b) Determining the fair value of share-based payment transactions The fair value of share-based payment transactions is determined upon initial recognition by the Binomial model. The Binomial model is based on share price and exercise price and assumptions regarding expected volatility, term of share option, dividend yield and risk-free interest rate. c) Intangible assets Intangible assets are tested for impairment annually or more frequently if three is an indication of impairment. The carrying value of intangibles with definite lives is reviewed each reporting period to determine whether there is any indication of impairment. If there are indications of impairment the impairment analysis is completed and if the carrying amount of an asset exceeds its recoverable amount, the asset is impaired and impairment loss is recognized. d) Derivative liability – Warrants The Company uses the Black-Scholes option-pricing model to estimate fair value at each reporting date. The key assumptions used in the model are the expected future volatility in the price of the Company’s Common Shares and the expected life of the warrants. e) ECL and their measurement ECL are measured as the unbiased probability-weighted present value of all cash shortfalls over the expected life of each financial asset. For receivables from financial services, ECL are mainly calculated with a statistical model using three major risk parameters: probability of default, loss given default and exposure at default. The estimation of these risk parameters incorporates all available relevant information, not only historical and current loss data, but also reasonable and supportable forward-looking information reflected by the future expectation factors. This information includes macroeconomic factors (e.g., gross domestic product growth, unemployment rate, cost performance index) and forecasts of future economic conditions. For receivables from financial services, these forecasts are performed using a scenario analysis (base case, adverse and optimistic scenarios). As of June 30, 2024, and December 31, 2023, ECL for trade and other account receivables are not material, and as such are not disclosed, in accordance with IFRS 9. 3. New Accounting Standards A number of amended standards became applicable for the current reporting period. The Company and its subsidiaries did not have to change its accounting policies or make retrospective adjustments as a result of adopting these amended standards: 1.Disclosure of Accounting Policies – Amendments to IAS 1 and IFRS Practice Statement 2 2.Definition of Accounting Estimates – Amendments to IAS 8 3.Deferred Tax related to Assets and Liabilities arising from a Single Transaction – Amendments to IAS 12 A2Z CUST2MATE SOLUTIONS CORP. (formerly A2Z Smart Technologies Corp.) NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Expressed in thousands of US Dollars) |
WARRANT LIABILITY
| WARRANT LIABILITY | 6 Months Ended |
| Jun. 30, 2024 | |
| Warrant Liability | |
| WARRANT LIABILITY | NOTE 3 – WARRANT LIABILITY a) January 2024 Warrants On January 4, 2024, the Company issued an aggregate of 1,403,151 1.50 2.05 2 107 3.92 2.00 1.80 Level 3 Warrant liability for the period ended on June 30, 2024: SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS Balance at January 1, 2024 $ - Issuance of January 2024 Registered Direct Offerings Warrants 1,027 Revaluation at March 31, 2024 (756 ) Effect of changes in foreign exchange rates (23 ) Balance at March 31, 2024 $ 248 Revaluation at June 30, 2024 (138 ) Effect of changes in foreign exchange rates (2 ) Balance at June 30, 2024 $ 108 For the three- and six-month period ended June 30, 2024, the Company recorded a gain on the revaluation of the January 2024 warrant liability in the amount of $ 138 894 nil nil b) December 2023 Warrants On December 13, 2023, the Company issued an aggregate of 647,891 1.50 2.05 2 107 4.19 2.00 1.62 Level 3 Warrant liability for the period ended on June 30, 2024: SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS Balance at December 31, 2023 $ 520 Revaluation at March 31, 2024 (397 ) Effect of changes in foreign exchange rates (13 ) Balance at March 31, 2024 $ 110 Revaluation at June 30, 2024 (64 ) Effect of changes in foreign exchange rates (1 ) Balance at June 30, 2024 $ 45 For the three- and six-month period ended June 30, 2024, the Company recorded a gain on the revaluation of the December 2023 warrant liability in the amount of $ 64 461 nil nil c) June 2023 Warrants On June 15 and on June 20, 2023, the Company issued an aggregate of 1,909,134 2.20 2.93 2 99 4.45 2.00 2.99 A2Z CUST2MATE SOLUTIONS CORP. (formerly A2Z Smart Technologies Corp.) NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Expressed in thousands of US Dollars) Level 3 Warrant liability for the period ended on June 30, 2024: SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS Balance at December 31, 2023 $ 1,157 Revaluation at March 31, 2024 (972 ) Effect of changes in foreign exchange rates (28 ) Balance at March 31, 2024 $ 157 Revaluation at June 30, 2024 (112 ) Effect of changes in foreign exchange rates (1 ) Balance at June 30, 2024 $ 44 For the three- and six-month period ended June 30, 2024, the Company recorded a gain on the revaluation of the June 2023 warrant liability in the amount of $ 112 1,084 nil nil d) March 2023 Warrants On March 20, 2023, the Company issued an aggregate of 891,778 2.35 2 93 3.62 2.00 1.74 Level 3 Warrant liability for the period ended on June 30, 2024: SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS Balance at December 31, 2023 $ 562 Revaluation at March 31, 2024 (470 ) Effect of changes in foreign exchange rates (13 ) Balance at March 31, 2024 $ 79 Revaluation at June 30, 2024 (58 ) Effect of changes in foreign exchange rates (1 ) Balance at June 30, 2024 $ 19 For the three- and six-month period ended June 30, 2024, the Company recorded a gain on the revaluation of the March 2023 warrant liability in the amount of $ 58 528 1,004 1,004 A2Z CUST2MATE SOLUTIONS CORP. (formerly A2Z Smart Technologies Corp.) NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Expressed in thousands of US Dollars) NOTE 3 – WARRANT LIABILITY (CONTINUED) c) November 2022 Warrants On November 2, 2022, the Company issued an aggregate of 1,489,166 2.35 2 110 3.94 2.00 1.56 Level 3 Warrant liability for the period ended on June 30, 2024: SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS Balance at December 31, 2023 $ 836 Revaluation at March 31, 2024 (736 ) Effect of changes in foreign exchange rates (21 ) Balance at March 31, 2024 $ 79 Revaluation at June 30, 2024 (69 ) Effect of changes in foreign exchange rates (1 ) Balance at June 30, 2024 $ 9 For the three-and six-month period ended June 30, 2024, the Company recorded a loss on the revaluation of the November 2022 warrant liability in the amount of $ 69 805 1,745 1,362 A2Z CUST2MATE SOLUTIONS CORP. (formerly A2Z Smart Technologies Corp.) NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Expressed in thousands of US Dollars) |
SHAREHOLDERS EQUITY
| SHAREHOLDERS EQUITY | 6 Months Ended |
| Jun. 30, 2024 | |
| SHAREHOLDERS EQUITY | NOTE 4 - SHAREHOLDERS EQUITY a) During the six months ended June 30, 2023, the Company issued 65,000 65,000 99 b) During the six months ended June 30, 2023, the Company issued 30,000 30,000 c) On March 20, 2023, the Company closed a private placement for gross proceeds of $ 2,604 1,783,561 1.46 1.95 891,778 2.35 1.75 891,778 208 290 142,685 d) On June 15 and on June 20, 2023, the Company closed registered direct offerings for gross proceeds of $ 6,873 3,818,275 1.80 2.41 1,909,134 2.93 2.20 1,909,134 550 733 305,462 e) On January 4, 2024, the Company closed a registered direct offering for gross proceeds of $ 3,227 2,806,302 1.15 1.36 1,403,151 2.05 1.50 1,403,151 258 348 224,504 f) On April 2, 2024, the Company closed a registered direct offering for gross proceeds of approximately $ 3,300 0.35 9,480,500 In addition, on April 2, 2024 the Company entered into binding agreements with certain investors to issue 4,147,326 common shares and pre-funded warrants to purchase up to 2,697,168 0.35 per share and $ 0.3499 2,400 . Each pre-funded warrant has an exercise price of $ 0.001 2,395 . In connection with the registered direct offering, the Company has issued certain non-U.S. residents 734,440 Additionally, certain directors and officers of the Company participated in the registered direct offering and the private placement in an amount of $ 525 (the “Insider Participation”). The Insider Participation transaction is considered a “related party transaction” within the meaning of Canadian Securities Administrators Multilateral Instrument 61-101 - Protection of Minority Security Holders in Special Transactions (“MI 61- 101”). The Company expects to rely on exemptions from the formal valuation and minority approval requirements in sections 5.5(a) and 5.7(1)(a) of MI 61-101 in respect of the Insider Participation. g) During the six months ended June 30, 2024, the Company issued 811,670 811,670 A2Z CUST2MATE SOLUTIONS CORP. (formerly A2Z Smart Technologies Corp.) NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Expressed in thousands of US Dollars) |
WARRANTS AND OPTIONS
| WARRANTS AND OPTIONS | 6 Months Ended |
| Jun. 30, 2024 | |
| Warrants And Options | |
| WARRANTS AND OPTIONS | NOTE 5 - WARRANTS AND OPTIONS a) Warrants (i) Warrant transactions for the six months ended June 30, 2024, and for the year ended December 31, 2023 are as follows: SCHEDULE OF WARRANTS TRANSACTIONS Number Weighted Average Balance, January 1, 2023 7,056,972 $ 3.54 Warrants issued in the March 2023 Private Placement 1,034,463 Exercise of warrants (92,000 ) Warrants issued in the June 2023 Registered Direct Offering 2,214,596 Warrants issued in the December 2023 Registered Direct Offering 751,554 Balance, December 31, 2023 10,965,585 $ 2.63 Warrants issued in the January 2024 Registered Direct Offering 1,627,655 1.50 Balance, June 30, 2024 12,593,240 $ 2.43 A2Z CUST2MATE SOLUTIONS CORP. (formerly A2Z Smart Technologies Corp.) NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Expressed in thousands of US Dollars) NOTE 5 - WARRANTS AND OPTIONS (CONTINUED) a) Warrants (continued) As at June 30, 2024, the Company had outstanding warrants, enabling the holders to acquire common shares as follows: SCHEDULE OF OUTSTANDING WARRANTS June 30, 2024 Expiry date Exercise price Exercise price (USD) 2,658,313 November 10, 2025 ILS 7.1418 $ 1.90 1,366,631 December 24, 2025 ILS 7.1418 $ 1.90 221,100 April 18, 2026 ILS 29.025 $ 7.72 1,084,562 May 28, 2026 ILS 29.025 $ 7.72 1,634,366 November 8, 2024 CAD 2.04 $ 1.60 1,034,463 March 13, 2025 CAD 2.35 $ 1.75 2,214,596 June 12, 2025 CAD 2.93 $ 2.20 751,554 December 13, 2025 CAD 2.05 $ 1.50 1,627,655 January 4, 2026 CAD 2.05 $ 1.50 12,593,240 b) Stock Options Stock option transactions for the six months ended June 30, 2024, and for the year ending December 31, 2023, are as follows: SCHEDULE OF STOCK OPTION TRANSACTIONS Number Weighted Average Exercise Price (CAD) Weighted Average Exercise Price (USD) Balance January 1, 2023 1,883,343 $ 3.17 $ 2.45 Options granted (i)(ii) 1,735,250 1.82 Exercise of options - - Expiry of options (74,875 ) 1.25 Balance December 31, 2023 3,543,718 $ 2.53 $ 1.91 Options cancelled (169,584 ) - Balance June 30, 2024 3,374,134 $ 2.55 $ 1.86 (i) On January 4, 2023, 816,500 1.65 January 4, 2033 1,017 1.80 10 112 3.28 0 (ii) On February 8, 2023, 100,000 1.50 November 25, 2027 135 2.18 4.8 112 3.16 0 (iii) On April 18, 2023, 423,750 1.60 420 1.42 10 111 3.57 0 (iii) On June 28, 2023, 245,000 2.45 443 2.92 5 111 4.14 0 A2Z CUST2MATE SOLUTIONS CORP. (formerly A2Z Smart Technologies Corp.) NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Expressed in thousands of US Dollars) NOTE 5 - WARRANTS AND OPTIONS (CONTINUED) b) Stock Options (continued) As at June 30, 2024, the Company had outstanding stock options, enabling the holders to acquire common shares as follows: SCHEDULE OF OUTSTANDING STOCK OPTIONS Outstanding as Exercisable as Expiry date Exercise price (CAD) Exercise price (USD) 543,333 543,333 August 20, 2025 CAD 1.50 $ 1.09 33,333 33,333 January 28, 2025 CAD 3.00 $ 2.19 50,000 50,000 June 3, 2026 CAD 8.40 $ 6.13 16,677 16,677 October 28, 2026 CAD 8.00 $ 5.83 900,000 562,500 August 2, 2032 CAD 3.56 $ 2.60 300,000 300,000 August 21, 2032 CAD 4.00 $ 2.92 804,125 804,125 January 4, 2033 CAD 1.65 $ 1.20 100,000 100,000 November 25, 2027 CAD 2.01 $ 1.48 365,000 165,000 April 18, 2033 CAD 1.60 $ 1.17 111,666 86,666 June 28, 2028 CAD 2.45 $ 1.79 150,000 90,000 September 20, 2033 CAD 2.20 $ 1.60 3,374,134 2,751,634 Share-based compensation expense is recognized over the vesting period of options. During the six months ended June 30, 2024, share-based compensation of $ 486 2,547 c) RSUs On August 4, 2022, the Company granted 1,265,000 590,000 The RSUs will vest at each recipient’s discretion and taking into account personal tax implications and convert into 1,265,000 common shares of no-par value in the Company. On January 4, 2023, the Company granted 1,027,000 260,000 The RSUs will vest at each recipient’s discretion and taking into account personal tax implications and convert into 1,027,000 common shares of no-par value in the Company. On April 18, 2023, the Company granted 116,250 The RSUs will vest at each recipient’s discretion and taking into account personal tax implications and convert into 116,250 common shares of no-par value in the Company. On June 28, 2023, the Company granted 165,000 The RSUs will vest at each recipient’s discretion and taking into account personal tax implications and convert into 165,000 common shares of no-par value in the Company (“Common Shares”). RSUs transactions for the six months ended June 30, 2024, and for the year ending December 31, 2023, are as follows: SCHEDULE OF RSU’S TRANSACTIONS Number Balance, January 1, 2023 720,000 RSUs granted 1,308,250 Expiry of RSUs (91,667 ) RSUs canceled (85,414 ) Exercise of RSUs (464,499 ) Balance, December 31, 2023 1,472,084 RSUs canceled (85,414 ) Exercise of RSUs (811,670 ) Balance, June 30, 2024 575,000 Total exercisable RSUs as of June 30, 2024, are 270,000 274,166 183 420 A2Z CUST2MATE SOLUTIONS CORP. (formerly A2Z Smart Technologies Corp.) NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Expressed in thousands of US Dollars) |
REVENUES
| REVENUES | 6 Months Ended |
| Jun. 30, 2024 | |
| Notes and other explanatory information [abstract] | |
| REVENUES | NOTE 6 - REVENUES Revenue streams: SCHEDULE OF REVENUE FROM SERVICES 2024 2023 2024 2023 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Revenues from services: Revenues from services 315 393 681 924 Revenues from leasing 79 98 170 231 Precision metal parts: Revenues from sales of precision metal parts 1,047 795 2,231 1,612 Smart Carts: Revenues from smart carts project 97 1,574 153 4,701 Total 1,538 2,860 3,235 7,468 |
OPERATING SEGMENTS
| OPERATING SEGMENTS | 6 Months Ended |
| Jun. 30, 2024 | |
| Notes and other explanatory information [abstract] | |
| OPERATING SEGMENTS | NOTE 7 – OPERATING SEGMENTS The Company and its subsidiaries are engaged in the following three a. Services to the military/security markets as well as development of related products for the civilian and retail markets. (“Services”) b. Retail automation solutions – Smart Carts (“Smart Carts”) c. Manufacturing and selling of precision metal parts – “Precision Metal Parts” SCHEDULE OF OPERATING SEGMENTS Precision Advanced Engineering Smart Total Six Months Ended June 30, 2024 Precision Advanced Engineering Smart Total Revenues External $ 2,231 $ 882 $ 153 $ 3,266 Inter-segment - (31 ) - (31 ) Total 2,231 851 153 3,235 Segment loss 176 780 6,285 7,241 Gain on revaluation of warrant liability (3,775 ) Finance expense, net 104 Tax expenses - Loss $ 3,570 A2Z CUST2MATE SOLUTIONS CORP. (formerly A2Z Smart Technologies Corp.) NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Expressed in thousands of US Dollars) Precision Advanced Engineering Smart Total Six Months Ended June 30, 2023 Precision Advanced Engineering Smart Total Revenues External $ 1,612 $ 1,436 $ 4,701 $ 7,749 Inter-segment - (281 ) - (281 ) Total 1,612 1,155 4,701 7,468 Segment loss (gain) 548 (56 ) 8,276 8,768 Loss on revaluation of warrant liability 2,344 Finance expense, net 153 Tax expenses - Loss $ 11,265 Precision Advanced Engineering Smart Total Three Months Ended June 30, 2024 Precision Advanced Engineering Smart Total Revenues External $ 1,047 $ 394 $ 97 $ 1,538 Inter-segment - - - - Total 1,047 394 97 1,538 Segment loss 155 409 2,955 3,519 Gain on revaluation of warrant liability (421 ) Finance expense, net 76 Tax expenses - Loss $ 3,174 Precision Advanced Engineering Smart Total Three Months Ended June 30, 2023 Precision Advanced Engineering Smart Total Revenues External $ 795 $ 772 $ 1,575 $ 3,141 Inter-segment - (281 ) - (281 ) Total 795 491 1,575 2,860 Segment loss 277 122 4,339 4,738 Segment loss (gain) 277 122 4,339 4,738 Loss on revaluation of warrant liability 2,749 (Gain) Loss on revaluation of warrant liability 2,749 Finance expense, net (65 ) Tax expenses - Loss $ 7,422 A2Z CUST2MATE SOLUTIONS CORP. (formerly A2Z Smart Technologies Corp.) NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Expressed in thousands of US Dollars) |
FINANCIAL RISK FACTORS
| FINANCIAL RISK FACTORS | 6 Months Ended |
| Jun. 30, 2024 | |
| Notes and other explanatory information [abstract] | |
| FINANCIAL RISK FACTORS | NOTE 8 - FINANCIAL RISK FACTORS ECL and their measurement ECL are measured as the unbiased probability-weighted present value of all cash shortfalls over the expected life of each financial asset. For receivables from financial services, ECL are mainly calculated with a statistical model using three major risk parameters: probability of default, loss given default and exposure at default. The estimation of these risk parameters incorporates all available relevant information, not only historical and current loss data, but also reasonable and supportable forward-looking information reflected by the future expectation factors. This information includes macroeconomic factors (e.g., gross domestic product growth, unemployment rate, cost performance index) and forecasts of future economic conditions. For receivables from financial services, these forecasts are performed using a scenario analysis (base case, adverse and optimistic scenarios). As of June 30, 2024, and December 31, 2023, ECL for trade and other account receivables are not material, and as such are not disclosed, in accordance with IFRS 9. |
SUBSEQUENT EVENTS
| SUBSEQUENT EVENTS | 6 Months Ended |
| Jun. 30, 2024 | |
| Notes and other explanatory information [abstract] | |
| SUBSEQUENT EVENTS | NOTE 9 – SUBSEQUENT EVENTS a) On August 12, 2024, the Company closed its previously announced private placement for gross proceeds of approximately $ 2,395 0.35 0.3499 4,147,326 2,697,168 0.001 0.001 Certain directors and officers of the Company purchased $ 420 451,559 b) On August 1, 2024, the Company received a formal notice from the Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it has regained compliance with the market value of listed securities (“MVLS”) requirement under Nasdaq Listing Rule 5550(b)(2) (the “Rule”) for continued listing on the Nasdaq Capital Market. As previously reported, the Company was notified by Nasdaq on April 24, 2024, that it was not in compliance with Nasdaq’s Capital Market requirement because it failed to maintain a MVLS of at least $35 million for a period of 30 consecutive business days. To regain compliance with the Rule, the Company was required to maintain a MVLS of at least $35 million for a certain number of consecutive trading days. This requirement was met on July 31, 2024, the 14th consecutive trading day when the MVLS was at least $35 million The Company must still demonstrate compliance with Listing Rule 5550(a)(2), the Bid Price Rule, by October 21, 2024. In the event the Company does not regain compliance by October 21, 2024, the Company may be eligible for an additional 180 calendar day grace period. The Company intends to monitor its bid price between now and October 21, 2024, and intends to cure the deficiency within the prescribed grace period. During this time, the Company expects that the common shares of the Company will continue to be listed and trade on Nasdaq. The Company’s management is looking into various options available to regain compliance and maintain its continued listing. c) On August 12, 2024, the Company announced the appointment of Mr. Alan Rootenberg to the position of Chief Financial Officer, effective immediately. The Company wishes to thank Gadi Levin for his service as Chief Financial Officer and wish him the best as he continues with his other business endeavours, including continued consulting services to the Company. Mr. Rootenberg has over 45 years of accounting and financial services experience, having also served as the chief financial officer of other publicly listed companies. In addition, Mr. Rootenberg has a BCom CPA designation. In connection with his appointment as Chief Financial Officer, Mr. Rootenberg resigned from the audit committee of the board of directors and was replaced by director Adi Vazan. |
BASIS OF PREPARATION (Policies)
| BASIS OF PREPARATION (Policies) | 6 Months Ended |
| Jun. 30, 2024 | |
| Notes and other explanatory information [abstract] | |
| Statement of Compliance | Statement of Compliance These unaudited Condensed Interim Consolidated financial statements of the Company are as of June 30, 2024, and presented in US dollars, which is not the functional currency. The functional currency is the NIS. These unaudited interim condensed consolidated financial statements have been prepared in accordance with the requirements of International Accounting Standard IAS 34 “Interim Financial Reporting” as issued by the IASB. They do not include all the information required in annual financial statements in accordance with IFRS and should be read in conjunction with the financial statements of the Company for the year ended December 31, 2023. The policies applied in these Condensed Interim Consolidated financial statements are based on IFRS effective as of June 30, 2024, and are consistent with those included in the Company’s annual financial statements for the year ended December 31, 2023. |
| Basis of Consolidation | Basis of Consolidation The financial results of subsidiaries are included in the consolidated financial statements from the date that control commences until the date that control ceases. Intercompany balances and transactions and any unrealized income and expenses arising from such transactions are eliminated upon consolidation. |
| Basis of measurement | Basis of measurement These consolidated financial statements have been prepared on a going concern basis, under the historical cost basis, except for financial instruments which have been measured at fair value. |
WARRANT LIABILITY (Tables)
| WARRANT LIABILITY (Tables) | 6 Months Ended |
| Jun. 30, 2024 | |
| January 2024 warrants [member] | |
| IfrsStatementLineItems [Line Items] | |
| SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS | Level 3 Warrant liability for the period ended on June 30, 2024: SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS Balance at January 1, 2024 $ - Issuance of January 2024 Registered Direct Offerings Warrants 1,027 Revaluation at March 31, 2024 (756 ) Effect of changes in foreign exchange rates (23 ) Balance at March 31, 2024 $ 248 Revaluation at June 30, 2024 (138 ) Effect of changes in foreign exchange rates (2 ) Balance at June 30, 2024 $ 108 |
| December 2023 warrants [member] | |
| IfrsStatementLineItems [Line Items] | |
| SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS | Level 3 Warrant liability for the period ended on June 30, 2024: SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS Balance at December 31, 2023 $ 520 Revaluation at March 31, 2024 (397 ) Effect of changes in foreign exchange rates (13 ) Balance at March 31, 2024 $ 110 Revaluation at June 30, 2024 (64 ) Effect of changes in foreign exchange rates (1 ) Balance at June 30, 2024 $ 45 |
| June 2023 warrants [member] | |
| IfrsStatementLineItems [Line Items] | |
| SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS | Level 3 Warrant liability for the period ended on June 30, 2024: SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS Balance at December 31, 2023 $ 1,157 Revaluation at March 31, 2024 (972 ) Effect of changes in foreign exchange rates (28 ) Balance at March 31, 2024 $ 157 Revaluation at June 30, 2024 (112 ) Effect of changes in foreign exchange rates (1 ) Balance at June 30, 2024 $ 44 |
| March 2023 warrants [member] | |
| IfrsStatementLineItems [Line Items] | |
| SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS | Level 3 Warrant liability for the period ended on June 30, 2024: SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS Balance at December 31, 2023 $ 562 Revaluation at March 31, 2024 (470 ) Effect of changes in foreign exchange rates (13 ) Balance at March 31, 2024 $ 79 Revaluation at June 30, 2024 (58 ) Effect of changes in foreign exchange rates (1 ) Balance at June 30, 2024 $ 19 |
| November 2022 warrants [member] | |
| IfrsStatementLineItems [Line Items] | |
| SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS | Level 3 Warrant liability for the period ended on June 30, 2024: SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS Balance at December 31, 2023 $ 836 Revaluation at March 31, 2024 (736 ) Effect of changes in foreign exchange rates (21 ) Balance at March 31, 2024 $ 79 Revaluation at June 30, 2024 (69 ) Effect of changes in foreign exchange rates (1 ) Balance at June 30, 2024 $ 9 |
WARRANTS AND OPTIONS (Tables)
| WARRANTS AND OPTIONS (Tables) | 6 Months Ended |
| Jun. 30, 2024 | |
| Warrants And Options | |
| SCHEDULE OF WARRANTS TRANSACTIONS | SCHEDULE OF WARRANTS TRANSACTIONS Number Weighted Average Balance, January 1, 2023 7,056,972 $ 3.54 Warrants issued in the March 2023 Private Placement 1,034,463 Exercise of warrants (92,000 ) Warrants issued in the June 2023 Registered Direct Offering 2,214,596 Warrants issued in the December 2023 Registered Direct Offering 751,554 Balance, December 31, 2023 10,965,585 $ 2.63 Warrants issued in the January 2024 Registered Direct Offering 1,627,655 1.50 Balance, June 30, 2024 12,593,240 $ 2.43 |
| SCHEDULE OF OUTSTANDING WARRANTS | As at June 30, 2024, the Company had outstanding warrants, enabling the holders to acquire common shares as follows: SCHEDULE OF OUTSTANDING WARRANTS June 30, 2024 Expiry date Exercise price Exercise price (USD) 2,658,313 November 10, 2025 ILS 7.1418 $ 1.90 1,366,631 December 24, 2025 ILS 7.1418 $ 1.90 221,100 April 18, 2026 ILS 29.025 $ 7.72 1,084,562 May 28, 2026 ILS 29.025 $ 7.72 1,634,366 November 8, 2024 CAD 2.04 $ 1.60 1,034,463 March 13, 2025 CAD 2.35 $ 1.75 2,214,596 June 12, 2025 CAD 2.93 $ 2.20 751,554 December 13, 2025 CAD 2.05 $ 1.50 1,627,655 January 4, 2026 CAD 2.05 $ 1.50 12,593,240 |
| SCHEDULE OF STOCK OPTION TRANSACTIONS | Stock option transactions for the six months ended June 30, 2024, and for the year ending December 31, 2023, are as follows: SCHEDULE OF STOCK OPTION TRANSACTIONS Number Weighted Average Exercise Price (CAD) Weighted Average Exercise Price (USD) Balance January 1, 2023 1,883,343 $ 3.17 $ 2.45 Options granted (i)(ii) 1,735,250 1.82 Exercise of options - - Expiry of options (74,875 ) 1.25 Balance December 31, 2023 3,543,718 $ 2.53 $ 1.91 Options cancelled (169,584 ) - Balance June 30, 2024 3,374,134 $ 2.55 $ 1.86 (i) On January 4, 2023, 816,500 1.65 January 4, 2033 1,017 1.80 10 112 3.28 0 (ii) On February 8, 2023, 100,000 1.50 November 25, 2027 135 2.18 4.8 112 3.16 0 (iii) On April 18, 2023, 423,750 1.60 420 1.42 10 111 3.57 0 (iii) On June 28, 2023, 245,000 2.45 443 2.92 5 111 4.14 0 |
| SCHEDULE OF OUTSTANDING STOCK OPTIONS | As at June 30, 2024, the Company had outstanding stock options, enabling the holders to acquire common shares as follows: SCHEDULE OF OUTSTANDING STOCK OPTIONS Outstanding as Exercisable as Expiry date Exercise price (CAD) Exercise price (USD) 543,333 543,333 August 20, 2025 CAD 1.50 $ 1.09 33,333 33,333 January 28, 2025 CAD 3.00 $ 2.19 50,000 50,000 June 3, 2026 CAD 8.40 $ 6.13 16,677 16,677 October 28, 2026 CAD 8.00 $ 5.83 900,000 562,500 August 2, 2032 CAD 3.56 $ 2.60 300,000 300,000 August 21, 2032 CAD 4.00 $ 2.92 804,125 804,125 January 4, 2033 CAD 1.65 $ 1.20 100,000 100,000 November 25, 2027 CAD 2.01 $ 1.48 365,000 165,000 April 18, 2033 CAD 1.60 $ 1.17 111,666 86,666 June 28, 2028 CAD 2.45 $ 1.79 150,000 90,000 September 20, 2033 CAD 2.20 $ 1.60 3,374,134 2,751,634 |
| SCHEDULE OF RSU’S TRANSACTIONS | RSUs transactions for the six months ended June 30, 2024, and for the year ending December 31, 2023, are as follows: SCHEDULE OF RSU’S TRANSACTIONS Number Balance, January 1, 2023 720,000 RSUs granted 1,308,250 Expiry of RSUs (91,667 ) RSUs canceled (85,414 ) Exercise of RSUs (464,499 ) Balance, December 31, 2023 1,472,084 RSUs canceled (85,414 ) Exercise of RSUs (811,670 ) Balance, June 30, 2024 575,000 |
REVENUES (Tables)
| REVENUES (Tables) | 6 Months Ended |
| Jun. 30, 2024 | |
| Notes and other explanatory information [abstract] | |
| SCHEDULE OF REVENUE FROM SERVICES | Revenue streams: SCHEDULE OF REVENUE FROM SERVICES 2024 2023 2024 2023 Three Months Ended June 30, Six Months Ended June 30, 2024 2023 2024 2023 Revenues from services: Revenues from services 315 393 681 924 Revenues from leasing 79 98 170 231 Precision metal parts: Revenues from sales of precision metal parts 1,047 795 2,231 1,612 Smart Carts: Revenues from smart carts project 97 1,574 153 4,701 Total 1,538 2,860 3,235 7,468 |
OPERATING SEGMENTS (Tables)
| OPERATING SEGMENTS (Tables) | 6 Months Ended |
| Jun. 30, 2024 | |
| Notes and other explanatory information [abstract] | |
| SCHEDULE OF OPERATING SEGMENTS | SCHEDULE OF OPERATING SEGMENTS Precision Advanced Engineering Smart Total Six Months Ended June 30, 2024 Precision Advanced Engineering Smart Total Revenues External $ 2,231 $ 882 $ 153 $ 3,266 Inter-segment - (31 ) - (31 ) Total 2,231 851 153 3,235 Segment loss 176 780 6,285 7,241 Gain on revaluation of warrant liability (3,775 ) Finance expense, net 104 Tax expenses - Loss $ 3,570 A2Z CUST2MATE SOLUTIONS CORP. (formerly A2Z Smart Technologies Corp.) NOTES TO THE CONDENSED INTERIM CONSOLIDATED FINANCIAL STATEMENTS (Unaudited) (Expressed in thousands of US Dollars) Precision Advanced Engineering Smart Total Six Months Ended June 30, 2023 Precision Advanced Engineering Smart Total Revenues External $ 1,612 $ 1,436 $ 4,701 $ 7,749 Inter-segment - (281 ) - (281 ) Total 1,612 1,155 4,701 7,468 Segment loss (gain) 548 (56 ) 8,276 8,768 Loss on revaluation of warrant liability 2,344 Finance expense, net 153 Tax expenses - Loss $ 11,265 Precision Advanced Engineering Smart Total Three Months Ended June 30, 2024 Precision Advanced Engineering Smart Total Revenues External $ 1,047 $ 394 $ 97 $ 1,538 Inter-segment - - - - Total 1,047 394 97 1,538 Segment loss 155 409 2,955 3,519 Gain on revaluation of warrant liability (421 ) Finance expense, net 76 Tax expenses - Loss $ 3,174 Precision Advanced Engineering Smart Total Three Months Ended June 30, 2023 Precision Advanced Engineering Smart Total Revenues External $ 795 $ 772 $ 1,575 $ 3,141 Inter-segment - (281 ) - (281 ) Total 795 491 1,575 2,860 Segment loss 277 122 4,339 4,738 Segment loss (gain) 277 122 4,339 4,738 Loss on revaluation of warrant liability 2,749 (Gain) Loss on revaluation of warrant liability 2,749 Finance expense, net (65 ) Tax expenses - Loss $ 7,422 |
NATURE AND CONTINUANCE OF OPE_2
| NATURE AND CONTINUANCE OF OPERATIONS (Details Narrative) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | |||
| Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | Dec. 31, 2023 | |
| IfrsStatementLineItems [Line Items] | |||||
| Accumulated losses | $ 85,859 | $ 85,859 | $ 83,456 | ||
| Net loss | $ 3,174 | $ 7,422 | $ 3,570 | $ 11,265 | |
| Advanced Automotive Innovations Inc. [member] | |||||
| IfrsStatementLineItems [Line Items] | |||||
| Ownership interest in subsidary | 80% | ||||
| Cust2Mate Ltd [member] | |||||
| IfrsStatementLineItems [Line Items] | |||||
| Ownership percentage | 76.78% | ||||
SCHEDULE OF FAIR VALUE HIERARCH
| SCHEDULE OF FAIR VALUE HIERARCHY OF WARRANTS (Details) - USD ($) $ in Thousands | 3 Months Ended | |
| Jun. 30, 2024 | Mar. 31, 2024 | |
| January 2024 warrants [member] | ||
| IfrsStatementLineItems [Line Items] | ||
| Balance, warrants | $ 248 | |
| Issuance, warrants | 1,027 | |
| Revaluation, warrants | (138) | (756) |
| Effect of changes in foreign exchange rates, warrants | (2) | (23) |
| Balance, warrants | 108 | 248 |
| December 2023 warrants [member] | ||
| IfrsStatementLineItems [Line Items] | ||
| Balance, warrants | 110 | 520 |
| Revaluation, warrants | (64) | (397) |
| Effect of changes in foreign exchange rates, warrants | (1) | (13) |
| Balance, warrants | 45 | 110 |
| June 2023 warrants [member] | ||
| IfrsStatementLineItems [Line Items] | ||
| Balance, warrants | 157 | 1,157 |
| Revaluation, warrants | (112) | (972) |
| Effect of changes in foreign exchange rates, warrants | (1) | (28) |
| Balance, warrants | 44 | 157 |
| March 2023 warrants [member] | ||
| IfrsStatementLineItems [Line Items] | ||
| Balance, warrants | 79 | 562 |
| Revaluation, warrants | (58) | (470) |
| Effect of changes in foreign exchange rates, warrants | (1) | (13) |
| Balance, warrants | 19 | 79 |
| November 2022 warrants [member] | ||
| IfrsStatementLineItems [Line Items] | ||
| Balance, warrants | 79 | 836 |
| Revaluation, warrants | (69) | (736) |
| Effect of changes in foreign exchange rates, warrants | (1) | (21) |
| Balance, warrants | $ 9 | $ 79 |
WARRANT LIABILITY (Details Narr
| WARRANT LIABILITY (Details Narrative) $ / shares in Units, $ in Thousands | 3 Months Ended | 6 Months Ended | ||||||||||||||
| Jan. 04, 2024 $ / shares shares | Dec. 13, 2023 $ / shares shares | Jun. 20, 2023 $ / shares shares | Jun. 15, 2023 $ / shares shares | Mar. 20, 2023 $ / shares shares | Nov. 02, 2022 $ / shares shares | Jun. 30, 2024 USD ($) shares | Jun. 30, 2023 USD ($) | Jun. 30, 2024 USD ($) shares | Jun. 30, 2023 USD ($) | Jan. 04, 2024 $ / shares shares | Dec. 31, 2023 shares | Dec. 13, 2023 $ / shares shares | Jun. 20, 2023 $ / shares shares | Jun. 15, 2023 $ / shares shares | Dec. 31, 2022 shares | |
| IfrsStatementLineItems [Line Items] | ||||||||||||||||
| Class of warrant or right outstanding | shares | 12,593,240 | 12,593,240 | 10,965,585 | 7,056,972 | ||||||||||||
| Gain (loss) on revaluation of warrant liability | $ | $ (421) | $ 2,749 | $ (3,775) | $ 2,344 | ||||||||||||
| January 2024 warrants [member] | ||||||||||||||||
| IfrsStatementLineItems [Line Items] | ||||||||||||||||
| Class of warrant or right outstanding | shares | 1,403,151 | 1,403,151 | ||||||||||||||
| Warrants exercise price | (per share) | $ 1.50 | $ 2.05 | ||||||||||||||
| Warrants exercisable term | 2 years | |||||||||||||||
| Warrants volatility rate | 1.07 | |||||||||||||||
| Warrants risk-free interest rate | 0.0392 | |||||||||||||||
| Warrants, expected life | 2 years | |||||||||||||||
| Warrants, fair value share price | $ 1.80 | |||||||||||||||
| Gain (loss) on revaluation of warrant liability | $ | 138 | 894 | ||||||||||||||
| December 2023 warrants [member] | ||||||||||||||||
| IfrsStatementLineItems [Line Items] | ||||||||||||||||
| Class of warrant or right outstanding | shares | 647,891 | 647,891 | ||||||||||||||
| Warrants exercise price | (per share) | $ 1.50 | $ 2.05 | ||||||||||||||
| Warrants exercisable term | 2 years | |||||||||||||||
| Warrants volatility rate | 1.07 | |||||||||||||||
| Warrants risk-free interest rate | 0.0419 | |||||||||||||||
| Warrants, expected life | 2 years | |||||||||||||||
| Warrants, fair value share price | $ 1.62 | |||||||||||||||
| Gain (loss) on revaluation of warrant liability | $ | 64 | 461 | ||||||||||||||
| June 2023 warrants [member] | ||||||||||||||||
| IfrsStatementLineItems [Line Items] | ||||||||||||||||
| Class of warrant or right outstanding | shares | 1,909,134 | 1,909,134 | 1,909,134 | 1,909,134 | ||||||||||||
| Warrants exercise price | (per share) | $ 2.20 | $ 2.20 | $ 2.93 | $ 2.93 | ||||||||||||
| Warrants exercisable term | 2 years | 2 years | ||||||||||||||
| Warrants volatility rate | 0.99 | 0.99 | ||||||||||||||
| Warrants risk-free interest rate | 0.0445 | 0.0445 | ||||||||||||||
| Warrants, expected life | 2 years | 2 years | ||||||||||||||
| Warrants, fair value share price | $ 2.99 | $ 2.99 | ||||||||||||||
| Gain (loss) on revaluation of warrant liability | $ | 112 | 1,084 | ||||||||||||||
| March 2023 warrants [member] | ||||||||||||||||
| IfrsStatementLineItems [Line Items] | ||||||||||||||||
| Class of warrant or right outstanding | shares | 891,778 | |||||||||||||||
| Warrants exercise price | $ 2.35 | |||||||||||||||
| Warrants exercisable term | 2 years | |||||||||||||||
| Warrants volatility rate | 0.93 | |||||||||||||||
| Warrants risk-free interest rate | 0.0362 | |||||||||||||||
| Warrants, expected life | 2 years | |||||||||||||||
| Warrants, fair value share price | $ 1.74 | |||||||||||||||
| Gain (loss) on revaluation of warrant liability | $ | 58 | 1,004 | 528 | 1,004 | ||||||||||||
| November 2022 warrants [member] | ||||||||||||||||
| IfrsStatementLineItems [Line Items] | ||||||||||||||||
| Class of warrant or right outstanding | shares | 1,489,166 | |||||||||||||||
| Warrants exercise price | $ 2.35 | |||||||||||||||
| Warrants exercisable term | 2 years | |||||||||||||||
| Warrants volatility rate | 1.10 | |||||||||||||||
| Warrants risk-free interest rate | 0.0394 | |||||||||||||||
| Warrants, expected life | 2 years | |||||||||||||||
| Warrants, fair value share price | $ 1.56 | |||||||||||||||
| Gain (loss) on revaluation of warrant liability | $ | $ 69 | $ 1,745 | $ 805 | $ 1,362 | ||||||||||||
SHAREHOLDERS EQUITY (Details Na
| SHAREHOLDERS EQUITY (Details Narrative) $ / shares in Units, $ / shares in Units, $ in Thousands, $ in Thousands | 6 Months Ended | 12 Months Ended | |||||||||||||||
| Aug. 12, 2024 USD ($) | Apr. 02, 2024 USD ($) $ / shares shares | Jan. 04, 2024 USD ($) $ / shares shares | Jun. 20, 2023 USD ($) $ / shares shares | Jun. 20, 2023 CAD ($) | Jun. 15, 2023 USD ($) $ / shares shares | Jun. 15, 2023 CAD ($) | Mar. 20, 2023 USD ($) $ / shares shares | Mar. 20, 2023 CAD ($) | Jun. 30, 2024 USD ($) shares | Jun. 30, 2023 USD ($) shares | Dec. 31, 2023 shares | Jan. 04, 2024 CAD ($) $ / shares shares | Jun. 20, 2023 $ / shares shares | Jun. 15, 2023 $ / shares shares | Mar. 20, 2023 $ / shares shares | Dec. 31, 2022 shares | |
| IfrsStatementLineItems [Line Items] | |||||||||||||||||
| Shares issued | 9,480,500 | 2,806,302 | 65,000 | 2,806,302 | |||||||||||||
| Number of warrants exercised | 65,000 | ||||||||||||||||
| Proceeds from exercise warrants | $ | $ 3,227 | $ 99 | |||||||||||||||
| Gross proceeds for units | $ | $ 2,395 | ||||||||||||||||
| Warrants issued | 12,593,240 | 10,965,585 | 7,056,972 | ||||||||||||||
| Warrant exercise price per share | (per share) | $ 1.15 | $ 1.36 | |||||||||||||||
| Proceeds from common shares | $ | $ 3,300 | ||||||||||||||||
| Price per share | $ / shares | $ 0.35 | ||||||||||||||||
| Number of shares issued | 3,374,134 | 3,543,718 | 1,883,343 | ||||||||||||||
| Number of options exercised | |||||||||||||||||
| Restricted share units [member] | |||||||||||||||||
| IfrsStatementLineItems [Line Items] | |||||||||||||||||
| Number of shares issued | 811,670 | ||||||||||||||||
| Number of options exercised | 811,670 | ||||||||||||||||
| Investors [member] | |||||||||||||||||
| IfrsStatementLineItems [Line Items] | |||||||||||||||||
| Proceeds from common shares | $ | $ 2,400 | ||||||||||||||||
| Price per share | $ / shares | $ 0.35 | ||||||||||||||||
| Investors [member] | Issued capital [member] | |||||||||||||||||
| IfrsStatementLineItems [Line Items] | |||||||||||||||||
| Shares issued | 4,147,326 | ||||||||||||||||
| Investors [member] | Pre Funded Warrants [Member] | Top of range [member] | |||||||||||||||||
| IfrsStatementLineItems [Line Items] | |||||||||||||||||
| Shares issued | 2,697,168 | ||||||||||||||||
| Non us residents [member] | |||||||||||||||||
| IfrsStatementLineItems [Line Items] | |||||||||||||||||
| Shares issued | 734,440 | ||||||||||||||||
| Directors and officers [member] | |||||||||||||||||
| IfrsStatementLineItems [Line Items] | |||||||||||||||||
| Proceeds from common shares | $ | $ 525 | ||||||||||||||||
| Registered direct offerings [member] | |||||||||||||||||
| IfrsStatementLineItems [Line Items] | |||||||||||||||||
| Finder fee | $ 258 | $ 348 | |||||||||||||||
| Non registered warrants share issued | 224,504 | 224,504 | |||||||||||||||
| Warrants [member] | |||||||||||||||||
| IfrsStatementLineItems [Line Items] | |||||||||||||||||
| Shares issued | 1,403,151 | 1,403,151 | |||||||||||||||
| Warrant exercise price per share | (per share) | $ 1.50 | $ 2.05 | |||||||||||||||
| Pre Funded Warrants [Member] | Investors [member] | |||||||||||||||||
| IfrsStatementLineItems [Line Items] | |||||||||||||||||
| Warrant exercise price per share | $ / shares | $ 0.001 | ||||||||||||||||
| Price per share | $ / shares | $ 0.3499 | ||||||||||||||||
| March 2023 private placements [member] | |||||||||||||||||
| IfrsStatementLineItems [Line Items] | |||||||||||||||||
| Shares issued | 891,778 | 891,778 | |||||||||||||||
| Gross proceeds for units | $ | $ 2,604 | ||||||||||||||||
| Number of units issued | 1,783,561 | 1,783,561 | |||||||||||||||
| Price of unit issued | (per share) | $ 1.46 | $ 1.95 | |||||||||||||||
| Warrants issued | 142,685 | 142,685 | |||||||||||||||
| Exercise price | (per share) | $ 1.75 | $ 2.35 | |||||||||||||||
| Finders fees | $ 208 | $ 290 | |||||||||||||||
| December two thousand twenty three private placements [member] | |||||||||||||||||
| IfrsStatementLineItems [Line Items] | |||||||||||||||||
| Warrants issued | 891,778 | 891,778 | |||||||||||||||
| June two thousand twenty three private placements [member] | |||||||||||||||||
| IfrsStatementLineItems [Line Items] | |||||||||||||||||
| Shares issued | 1,909,134 | 1,909,134 | 1,909,134 | 1,909,134 | |||||||||||||
| Gross proceeds for units | $ | $ 6,873 | $ 6,873 | |||||||||||||||
| Number of units issued | 3,818,275 | 3,818,275 | 3,818,275 | 3,818,275 | |||||||||||||
| Price of unit issued | (per share) | $ 1.80 | $ 1.80 | $ 2.41 | $ 2.41 | |||||||||||||
| Warrants issued | 305,462 | 305,462 | 305,462 | 305,462 | |||||||||||||
| Exercise price | (per share) | $ 2.20 | $ 2.20 | $ 2.93 | $ 2.93 | |||||||||||||
| Finders fees | $ 550 | $ 733 | $ 550 | $ 733 | |||||||||||||
| December 2020 private placement [member] | |||||||||||||||||
| IfrsStatementLineItems [Line Items] | |||||||||||||||||
| Warrants issued | 1,909,134 | 1,909,134 | 1,909,134 | 1,909,134 | |||||||||||||
| RSU's [member] | |||||||||||||||||
| IfrsStatementLineItems [Line Items] | |||||||||||||||||
| Shares issued | 30,000 | ||||||||||||||||
| Number of warrants exercised | 30,000 | ||||||||||||||||
SCHEDULE OF WARRANTS TRANSACTIO
| SCHEDULE OF WARRANTS TRANSACTIONS (Details) - $ / shares | 6 Months Ended | 12 Months Ended |
| Jun. 30, 2024 | Dec. 31, 2023 | |
| IfrsStatementLineItems [Line Items] | ||
| Number of warrants outstanding, beginning balance | 10,965,585 | 7,056,972 |
| Weighted average exercise price, beginning balance | $ 2.63 | $ 3.54 |
| Number of warrants outstanding, exercise of warrants | (92,000) | |
| Number of warrants outstanding, ending balance | 12,593,240 | 10,965,585 |
| Weighted average exercise price, ending balance | $ 2.43 | $ 2.63 |
| March 2023 private placement [member] | ||
| IfrsStatementLineItems [Line Items] | ||
| Number of warrants outstanding, warrants issued | 1,034,463 | |
| June 2023 registered direct offerings [member] | ||
| IfrsStatementLineItems [Line Items] | ||
| Number of warrants outstanding, warrants issued | 2,214,596 | |
| December 2023 registered direct offerings [member] | ||
| IfrsStatementLineItems [Line Items] | ||
| Number of warrants outstanding, warrants issued | 751,554 | |
| January 2024 registered direct offerings [member] | ||
| IfrsStatementLineItems [Line Items] | ||
| Number of warrants outstanding, warrants issued | 1,627,655 | |
| Weighted average exercise price, warrants issued | $ 1.50 |
SCHEDULE OF OUTSTANDING WARRANT
| SCHEDULE OF OUTSTANDING WARRANTS (Details) | 6 Months Ended | ||
| Jun. 30, 2024 $ / shares shares | Jun. 30, 2024 $ / shares shares | Jun. 30, 2024 ₪ / shares shares | |
| IfrsStatementLineItems [Line Items] | |||
| Number of warrants outstanding | 12,593,240 | 12,593,240 | 12,593,240 |
| Warrants one [member] | |||
| IfrsStatementLineItems [Line Items] | |||
| Number of warrants outstanding | 2,658,313 | 2,658,313 | 2,658,313 |
| Expiry date | Nov. 10, 2025 | ||
| Exercise price | (per share) | $ 1.90 | ₪ 7.1418 | |
| Warrants two [member] | |||
| IfrsStatementLineItems [Line Items] | |||
| Number of warrants outstanding | 1,366,631 | 1,366,631 | 1,366,631 |
| Expiry date | Dec. 24, 2025 | ||
| Exercise price | (per share) | $ 1.90 | ₪ 7.1418 | |
| Warrants three [member] | |||
| IfrsStatementLineItems [Line Items] | |||
| Number of warrants outstanding | 221,100 | 221,100 | 221,100 |
| Expiry date | Apr. 18, 2026 | ||
| Exercise price | (per share) | $ 7.72 | ₪ 29.025 | |
| Warrants four [member] | |||
| IfrsStatementLineItems [Line Items] | |||
| Number of warrants outstanding | 1,084,562 | 1,084,562 | 1,084,562 |
| Expiry date | May 28, 2026 | ||
| Exercise price | (per share) | $ 7.72 | ₪ 29.025 | |
| Warrants five [member] | |||
| IfrsStatementLineItems [Line Items] | |||
| Number of warrants outstanding | 1,634,366 | 1,634,366 | 1,634,366 |
| Expiry date | Nov. 08, 2024 | ||
| Exercise price | (per share) | $ 1.60 | $ 2.04 | |
| Warrants Six [Member] | |||
| IfrsStatementLineItems [Line Items] | |||
| Number of warrants outstanding | 1,034,463 | 1,034,463 | 1,034,463 |
| Expiry date | Mar. 13, 2025 | ||
| Exercise price | (per share) | $ 1.75 | $ 2.35 | |
| Warrants Seven [Member] | |||
| IfrsStatementLineItems [Line Items] | |||
| Number of warrants outstanding | 2,214,596 | 2,214,596 | 2,214,596 |
| Expiry date | Jun. 12, 2025 | ||
| Exercise price | (per share) | $ 2.20 | $ 2.93 | |
| Warrants Eight [Member] | |||
| IfrsStatementLineItems [Line Items] | |||
| Number of warrants outstanding | 751,554 | 751,554 | 751,554 |
| Expiry date | Dec. 13, 2025 | ||
| Exercise price | (per share) | $ 1.50 | $ 2.05 | |
| Warrants nine [member] | |||
| IfrsStatementLineItems [Line Items] | |||
| Number of warrants outstanding | 1,627,655 | 1,627,655 | 1,627,655 |
| Expiry date | Jan. 04, 2026 | ||
| Exercise price | (per share) | $ 1.50 | $ 2.05 | |
SCHEDULE OF STOCK OPTION TRANSA
| SCHEDULE OF STOCK OPTION TRANSACTIONS (Details) | 6 Months Ended | 12 Months Ended | |||
| Jun. 30, 2024 shares $ / shares | Jun. 30, 2024 shares $ / shares | Dec. 31, 2023 shares $ / shares | Dec. 31, 2023 shares $ / shares | ||
| Warrants And Options | |||||
| Number of stock options, beginning balance | 3,543,718 | 3,543,718 | 1,883,343 | 1,883,343 | |
| Weighted Average Exercise Price, beginning balance | (per share) | $ 1.91 | $ 2.53 | $ 2.45 | $ 3.17 | |
| Number of stock options, options granted | [1],[2] | 1,735,250 | 1,735,250 | ||
| Weighted Average Exercise Price, options granted | $ / shares | [1],[2] | $ 1.82 | |||
| Number of stock options, Exercise of options | |||||
| Weighted Average Exercise Price, Exercise of options | $ / shares | |||||
| Number of stock options, Expiry of options | (74,875) | (74,875) | |||
| Weighted Average Exercise Price, Expiry of options | $ / shares | $ 1.25 | ||||
| Number of stock options, Options cancelled | (169,584) | (169,584) | |||
| Weighted Average Exercise Price, Options cancelled | $ / shares | |||||
| Number of stock options, ending balance | 3,374,134 | 3,374,134 | 3,543,718 | 3,543,718 | |
| Weighted Average Exercise Price, ending balance | (per share) | $ 1.86 | $ 2.55 | $ 1.91 | $ 2.53 | |
| [1]On January 4, 2023, 816,500 1.65 January 4, 2033 1,017 1.80 10 112 3.28 0 100,000 1.50 November 25, 2027 135 2.18 4.8 112 3.16 0 | |||||
SCHEDULE OF STOCK OPTION TRAN_2
| SCHEDULE OF STOCK OPTION TRANSACTIONS (Details) (Parenthetical) $ / shares in Units, $ in Thousands | 6 Months Ended | 12 Months Ended | ||||||
| Jun. 28, 2023 shares $ / shares | Apr. 18, 2023 CAD ($) shares $ / shares | Feb. 08, 2023 CAD ($) shares $ / shares | Jan. 04, 2023 CAD ($) shares $ / shares | Jun. 30, 2024 $ / shares | Dec. 31, 2023 shares | Jun. 30, 2024 $ / shares | ||
| IfrsStatementLineItems [Line Items] | ||||||||
| Number of stock options, options issued | shares | [1],[2] | 1,735,250 | ||||||
| Stock option one [member] | ||||||||
| IfrsStatementLineItems [Line Items] | ||||||||
| Number of stock options, exercise price | (per share) | $ 1.09 | $ 1.50 | ||||||
| Options expire | Aug. 20, 2025 | |||||||
| Stock option one [member] | Director and consultant [member] | ||||||||
| IfrsStatementLineItems [Line Items] | ||||||||
| Number of stock options, options issued | shares | 816,500 | |||||||
| Number of stock options, exercise price | $ 1.65 | |||||||
| Options expire | Jan. 04, 2033 | |||||||
| Fair value of options granted | $ | $ 1,017 | |||||||
| Share price | $ 1.80 | |||||||
| Expected option life | 10 years | |||||||
| Volatility | 112% | |||||||
| Risk-free interest rate | 3.28% | |||||||
| Dividend yield | 0% | |||||||
| Stock option two [member] | ||||||||
| IfrsStatementLineItems [Line Items] | ||||||||
| Number of stock options, exercise price | (per share) | $ 2.19 | 3 | ||||||
| Options expire | Jan. 28, 2025 | |||||||
| Stock option two [member] | Consultant [member] | ||||||||
| IfrsStatementLineItems [Line Items] | ||||||||
| Number of stock options, options issued | shares | 100,000 | |||||||
| Number of stock options, exercise price | $ 1.50 | |||||||
| Options expire | Nov. 25, 2027 | |||||||
| Fair value of options granted | $ | $ 135 | |||||||
| Share price | $ 2.18 | |||||||
| Expected option life | 4 years 9 months 18 days | |||||||
| Volatility | 112% | |||||||
| Risk-free interest rate | 3.16% | |||||||
| Dividend yield | 0% | |||||||
| Stock option three [member] | ||||||||
| IfrsStatementLineItems [Line Items] | ||||||||
| Number of stock options, exercise price | (per share) | $ 6.13 | 8.40 | ||||||
| Options expire | Jun. 03, 2026 | |||||||
| Stock option three [member] | Employees [member] | ||||||||
| IfrsStatementLineItems [Line Items] | ||||||||
| Number of stock options, options issued | shares | 423,750 | |||||||
| Number of stock options, exercise price | $ 1.60 | |||||||
| Fair value of options granted | $ | $ 420 | |||||||
| Share price | $ 1.42 | |||||||
| Expected option life | 10 years | |||||||
| Volatility | 111% | |||||||
| Risk-free interest rate | 3.57% | |||||||
| Dividend yield | 0% | |||||||
| Stock option four [member] | ||||||||
| IfrsStatementLineItems [Line Items] | ||||||||
| Number of stock options, exercise price | (per share) | $ 5.83 | $ 8 | ||||||
| Options expire | Oct. 28, 2026 | |||||||
| Stock option four [member] | Officers [member] | ||||||||
| IfrsStatementLineItems [Line Items] | ||||||||
| Number of stock options, options issued | shares | 245,000 | |||||||
| Number of stock options, exercise price | $ 2.45 | |||||||
| Fair value of options granted | $ | $ 443 | |||||||
| Share price | $ 2.92 | |||||||
| Expected option life | 5 years | |||||||
| Volatility | 111% | |||||||
| Risk-free interest rate | 4.14% | |||||||
| Dividend yield | 0% | |||||||
| [1]On January 4, 2023, 816,500 1.65 January 4, 2033 1,017 1.80 10 112 3.28 0 100,000 1.50 November 25, 2027 135 2.18 4.8 112 3.16 0 | ||||||||
SCHEDULE OF OUTSTANDING STOCK O
| SCHEDULE OF OUTSTANDING STOCK OPTIONS (Details) | 6 Months Ended | |||
| Jun. 30, 2024 shares $ / shares | Jun. 30, 2024 shares $ / shares | Dec. 31, 2023 shares | Dec. 31, 2022 shares | |
| IfrsStatementLineItems [Line Items] | ||||
| Number of stock options, Outstanding | 3,374,134 | 3,374,134 | 3,543,718 | 1,883,343 |
| Number of stock options, Exercisable | 2,751,634 | 2,751,634 | ||
| Stock option one [member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Number of stock options, Outstanding | 543,333 | 543,333 | ||
| Number of stock options, Exercisable | 543,333 | 543,333 | ||
| Number of stock options, Expiry date | Aug. 20, 2025 | |||
| Number of stock options, Exercise price | (per share) | $ 1.09 | $ 1.50 | ||
| Stock option two [member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Number of stock options, Outstanding | 33,333 | 33,333 | ||
| Number of stock options, Exercisable | 33,333 | 33,333 | ||
| Number of stock options, Expiry date | Jan. 28, 2025 | |||
| Number of stock options, Exercise price | (per share) | $ 2.19 | $ 3 | ||
| Stock option three [member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Number of stock options, Outstanding | 50,000 | 50,000 | ||
| Number of stock options, Exercisable | 50,000 | 50,000 | ||
| Number of stock options, Expiry date | Jun. 03, 2026 | |||
| Number of stock options, Exercise price | (per share) | $ 6.13 | $ 8.40 | ||
| Stock option four [member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Number of stock options, Outstanding | 16,677 | 16,677 | ||
| Number of stock options, Exercisable | 16,677 | 16,677 | ||
| Number of stock options, Expiry date | Oct. 28, 2026 | |||
| Number of stock options, Exercise price | (per share) | $ 5.83 | $ 8 | ||
| Stock option five [member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Number of stock options, Outstanding | 900,000 | 900,000 | ||
| Number of stock options, Exercisable | 562,500 | 562,500 | ||
| Number of stock options, Expiry date | Aug. 02, 2032 | |||
| Number of stock options, Exercise price | (per share) | $ 2.60 | $ 3.56 | ||
| Stock option six [member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Number of stock options, Outstanding | 300,000 | 300,000 | ||
| Number of stock options, Exercisable | 300,000 | 300,000 | ||
| Number of stock options, Expiry date | Aug. 21, 2032 | |||
| Number of stock options, Exercise price | (per share) | $ 2.92 | $ 4 | ||
| Stock option seven [member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Number of stock options, Outstanding | 804,125 | 804,125 | ||
| Number of stock options, Exercisable | 804,125 | 804,125 | ||
| Number of stock options, Expiry date | Jan. 04, 2033 | |||
| Number of stock options, Exercise price | (per share) | $ 1.20 | $ 1.65 | ||
| Stock option eight [member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Number of stock options, Outstanding | 100,000 | 100,000 | ||
| Number of stock options, Exercisable | 100,000 | 100,000 | ||
| Number of stock options, Expiry date | Nov. 25, 2027 | |||
| Number of stock options, Exercise price | (per share) | $ 1.48 | $ 2.01 | ||
| Stock option nine [member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Number of stock options, Outstanding | 365,000 | 365,000 | ||
| Number of stock options, Exercisable | 165,000 | 165,000 | ||
| Number of stock options, Expiry date | Apr. 18, 2033 | |||
| Number of stock options, Exercise price | (per share) | $ 1.17 | $ 1.60 | ||
| Stock option ten [member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Number of stock options, Outstanding | 111,666 | 111,666 | ||
| Number of stock options, Exercisable | 86,666 | 86,666 | ||
| Number of stock options, Expiry date | Jun. 28, 2028 | |||
| Number of stock options, Exercise price | (per share) | $ 1.79 | $ 2.45 | ||
| Stock option eleven [member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Number of stock options, Outstanding | 150,000 | 150,000 | ||
| Number of stock options, Exercisable | 90,000 | 90,000 | ||
| Number of stock options, Expiry date | Sep. 20, 2033 | |||
| Number of stock options, Exercise price | (per share) | $ 1.60 | $ 2.20 |
SCHEDULE OF RSU_S TRANSACTIONS
| SCHEDULE OF RSU’S TRANSACTIONS (Details) - RSU's [member] - shares | 6 Months Ended | 12 Months Ended |
| Jun. 30, 2024 | Dec. 31, 2023 | |
| IfrsStatementLineItems [Line Items] | ||
| Number of RSU's, beginning balance | 1,472,084 | 720,000 |
| Number of RSU's, granted | 1,308,250 | |
| Number of RSU's, Expiry | (91,667) | |
| Number of RSU's, canceled | (85,414) | |
| Number of RSU's, Exercise | (811,670) | (464,499) |
| Number of RSU's, ending balance | 575,000 | 1,472,084 |
WARRANTS AND OPTIONS (Details N
| WARRANTS AND OPTIONS (Details Narrative) $ in Thousands | 6 Months Ended | 12 Months Ended | |||||
| Jun. 28, 2023 shares | Apr. 18, 2023 shares | Jan. 04, 2023 shares | Aug. 04, 2022 shares | Jun. 30, 2024 USD ($) shares | Jun. 30, 2023 USD ($) | Dec. 31, 2023 shares | |
| IfrsStatementLineItems [Line Items] | |||||||
| Share based compensation | $ | $ 486 | $ 2,547 | |||||
| Share based compensation | $ | $ 669 | 2,967 | |||||
| RSU's [member] | |||||||
| IfrsStatementLineItems [Line Items] | |||||||
| RSU's granted | 1,308,250 | ||||||
| Description of RSU's vesting and conversion | The RSUs will vest at each recipient’s discretion and taking into account personal tax implications and convert into 165,000 common shares of no-par value in the Company (“Common Shares”). | The RSUs will vest at each recipient’s discretion and taking into account personal tax implications and convert into 116,250 common shares of no-par value in the Company. | The RSUs will vest at each recipient’s discretion and taking into account personal tax implications and convert into 1,027,000 common shares of no-par value in the Company. | The RSUs will vest at each recipient’s discretion and taking into account personal tax implications and convert into 1,265,000 common shares of no-par value in the Company. | |||
| RSU's exercisable | 270,000 | 274,166 | |||||
| Share based compensation | $ | $ 183 | $ 420 | |||||
| RSU's [member] | Directors officers and advisers [member] | |||||||
| IfrsStatementLineItems [Line Items] | |||||||
| RSU's granted | 1,027,000 | 1,265,000 | |||||
| RSU's [member] | Executives and directors [member] | |||||||
| IfrsStatementLineItems [Line Items] | |||||||
| RSU's granted | 260,000 | 590,000 | |||||
| RSU's [member] | Employees [member] | |||||||
| IfrsStatementLineItems [Line Items] | |||||||
| RSU's granted | 116,250 | ||||||
| RSU's [member] | Officers [member] | |||||||
| IfrsStatementLineItems [Line Items] | |||||||
| RSU's granted | 165,000 | ||||||
SCHEDULE OF REVENUE FROM SERVIC
| SCHEDULE OF REVENUE FROM SERVICES (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
| Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
| IfrsStatementLineItems [Line Items] | ||||
| Total | $ 1,538 | $ 2,860 | $ 3,235 | $ 7,468 |
| Revenues From Services [Member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Total | 315 | 393 | 681 | 924 |
| Revenues From Leasing [Member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Total | 79 | 98 | 170 | 231 |
| Revenues From Sales Of Precision Metal Parts [Member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Total | 1,047 | 795 | 2,231 | 1,612 |
| Revenues From Smart Carts Project [Member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Total | $ 97 | $ 1,574 | $ 153 | $ 4,701 |
SCHEDULE OF OPERATING SEGMENTS
| SCHEDULE OF OPERATING SEGMENTS (Details) - USD ($) $ in Thousands | 3 Months Ended | 6 Months Ended | ||
| Jun. 30, 2024 | Jun. 30, 2023 | Jun. 30, 2024 | Jun. 30, 2023 | |
| IfrsStatementLineItems [Line Items] | ||||
| Total | $ 1,538 | $ 2,860 | $ 3,235 | $ 7,468 |
| Segment loss (gain) | 3,519 | 4,738 | 7,241 | 8,768 |
| (Gain) Loss on revaluation of warrant liability | (421) | 2,749 | (3,775) | 2,344 |
| Finance expense, net | 76 | (65) | 104 | 153 |
| Tax expenses | ||||
| Loss | 3,174 | 7,422 | 3,570 | 11,265 |
| External [member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Total | 1,538 | 3,141 | 3,266 | 7,749 |
| Inter Segment [Member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Total | (281) | (31) | (281) | |
| Precision metal parts [member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Total | 1,047 | 795 | 2,231 | 1,612 |
| Segment loss (gain) | 155 | 277 | 176 | 548 |
| Precision metal parts [member] | External [member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Total | 1,047 | 795 | 2,231 | 1,612 |
| Precision metal parts [member] | Inter Segment [Member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Total | ||||
| Advanced engineering [member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Total | 394 | 491 | 851 | 1,155 |
| Segment loss (gain) | 409 | 122 | 780 | (56) |
| Advanced engineering [member] | External [member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Total | 394 | 772 | 882 | 1,436 |
| Advanced engineering [member] | Inter Segment [Member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Total | (281) | (31) | (281) | |
| SmartCarts [member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Total | 97 | 1,575 | 153 | 4,701 |
| Segment loss (gain) | 2,955 | 4,339 | 6,285 | 8,276 |
| SmartCarts [member] | External [member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Total | 97 | 1,575 | 153 | 4,701 |
| SmartCarts [member] | Inter Segment [Member] | ||||
| IfrsStatementLineItems [Line Items] | ||||
| Total | ||||
OPERATING SEGMENTS (Details Nar
| OPERATING SEGMENTS (Details Narrative) | 6 Months Ended |
| Jun. 30, 2024 Segments | |
| Notes and other explanatory information [abstract] | |
| Number of operating segment | 3 |
SUBSEQUENT EVENTS (Details Narr
| SUBSEQUENT EVENTS (Details Narrative) $ / shares in Units, $ in Thousands | Aug. 12, 2024 USD ($) $ / shares shares | Aug. 01, 2024 | Apr. 02, 2024 USD ($) $ / shares shares | Jan. 04, 2024 $ / shares shares | Jan. 04, 2024 $ / shares shares | Jun. 30, 2023 shares |
| IfrsStatementLineItems [Line Items] | ||||||
| Proceeds from common shares | $ | $ 3,300 | |||||
| Price per share | $ / shares | $ 0.35 | |||||
| Shares issued | 9,480,500 | 2,806,302 | 2,806,302 | 65,000 | ||
| Warrant exercise price per share | (per share) | $ 1.15 | $ 1.36 | ||||
| Directors and officers [member] | ||||||
| IfrsStatementLineItems [Line Items] | ||||||
| Proceeds from common shares | $ | $ 525 | |||||
| Non us residents [member] | ||||||
| IfrsStatementLineItems [Line Items] | ||||||
| Shares issued | 734,440 | |||||
| Nonadjusting event [member] | ||||||
| IfrsStatementLineItems [Line Items] | ||||||
| Proceeds from common shares | $ | $ 2,395 | |||||
| Nasdaq listing, description | On August 1, 2024, the Company received a formal notice from the Nasdaq Stock Market LLC (“Nasdaq”) informing the Company that it has regained compliance with the market value of listed securities (“MVLS”) requirement under Nasdaq Listing Rule 5550(b)(2) (the “Rule”) for continued listing on the Nasdaq Capital Market. As previously reported, the Company was notified by Nasdaq on April 24, 2024, that it was not in compliance with Nasdaq’s Capital Market requirement because it failed to maintain a MVLS of at least $35 million for a period of 30 consecutive business days. To regain compliance with the Rule, the Company was required to maintain a MVLS of at least $35 million for a certain number of consecutive trading days. This requirement was met on July 31, 2024, the 14th consecutive trading day when the MVLS was at least $35 million | |||||
| Nonadjusting event [member] | Directors and officers [member] | ||||||
| IfrsStatementLineItems [Line Items] | ||||||
| Proceeds from common shares | $ | $ 420 | |||||
| Nonadjusting event [member] | Non us residents [member] | ||||||
| IfrsStatementLineItems [Line Items] | ||||||
| Shares issued | 451,559 | |||||
| Nonadjusting event [member] | Pre Funded Warrants [Member] | ||||||
| IfrsStatementLineItems [Line Items] | ||||||
| Price per share | $ / shares | $ 0.3499 | |||||
| Warrant exercise price per share | $ / shares | $ 0.001 | |||||
| Nonadjusting event [member] | Pre Funded Warrants [Member] | Top of range [member] | ||||||
| IfrsStatementLineItems [Line Items] | ||||||
| Shares issued | 2,697,168 | |||||
| Nonadjusting event [member] | Issued capital [member] | ||||||
| IfrsStatementLineItems [Line Items] | ||||||
| Price per share | $ / shares | $ 0.35 | |||||
| Shares issued | 4,147,326 |