SMX (SMX) 6-K 3 Nov 23 Current report (foreign) Financial data

Cover

Cover	6 Months Ended
	Jun. 30, 2023
Cover [Abstract]
Document Type	6-K
Amendment Flag	false
Entity File Number	001-41639
Entity Registrant Name	SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY
Entity Central Index Key	0001940674
Entity Address, Address Line One	Mespil Business Centre
Entity Address, Address Line Two	Mespil House
Entity Address, Address Line Three	Sussex Road
Entity Address, City or Town	Dublin 4
Entity Address, Country	IE
City Area Code	+353-1
Local Phone Number	920-1000

Interim Condensed Consolidated

Interim Condensed Consolidated Statements of Financial Position (Unaudited) - USD ($) $ in Thousands	Jun. 30, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 3,020	$ 1,398
Other current receivables	1,037	3,673
Total current assets	4,057	5,071
Non-current assets
Property and equipment, net	820	969
Intangible assets, net	5,269	5,027
Investment in associated companies	112	221
Total non-current assets	6,201	6,217
Total assets	10,258	11,288
Current liabilities
Trade payables	7,281	2,972
Lease liabilities	30	30
Other payables	2,415	650
Convertible notes	304	563
Warrants	856
Pre-paid advance	3,050
Bridge loans and derivative financial liabilities	2,363	3,682
Borrowings from related parties	689	710
Total current liabilities	16,988	4,925
Non-current liabilities
Lease liabilities	403	440
Bridge loans and derivative financial liabilities	938
Long term payables	3,930	85
Total non-current liabilities	5,271	4,207
Total liabilities	22,259	9,132
Shareholders’ equity (deficit)
Issued capital and additional paid in capital	51,730	32,711
Foreign currency translation reserve	(702)	(537)
Accumulated losses	(63,029)	(30,020)
Total Shareholders’ equity (deficit)	(12,001)	2,156
Total liabilities and shareholders’ equity (deficit)	$ 10,258	$ 11,288

Interim Condensed Consolidate_2

Interim Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023		Jun. 30, 2022
Analysis of income and expense [abstract]
Research and development expenses, net	$ 1,172		$ 933
Selling and marketing expenses	228		378
General and administrative expenses	13,350		1,200
Listing expenses	16,802
Operating loss	31,552		2,511
Finance income	1,143		105
Finance expenses	2,496		36
Share of net loss of associated companies	104
Loss before income tax	33,009		2,442
Income tax
Loss after income tax for the period attributable to shareholders	33,009		2,442
Items that will be reclassified to profit or loss:
Foreign currency translation	(165)		(639)
Other comprehensive loss, net of tax	(165)		(639)
Total comprehensive loss	$ 33,174		$ 3,081
Loss per share attributable to shareholders
Basic loss per share attributable to shareholders	$ (39.46)	[1]	$ (3.36)	[2],[3]
Diluted loss per share attributable to shareholders	$ (39.46)	[1]	$ (3.36)	[3]
[1]After giving effect to the reverse stock split (see also Note 9.1)[2]Restated as a result of the SPAC transaction[3]Restated as a result of the SPAC transaction and after giving effect to the reverse stock split (see also Note 1 and 9.1)

Interim Condensed Consolidate_3

Interim Condensed Consolidated Changes in Shareholders' Equity - (Unaudited) - USD ($) $ in Thousands	Issued capital [member]	Foreign Currency Translation [Member]	Retained earnings [member]	Total
Balance at Dec. 31, 2021	$ 31,504	$ 223	$ (23,836)	$ 7,891
IfrsStatementLineItems [Line Items]
Loss after income tax for the period			(2,442)	(2,442)
Other comprehensive loss for the period		(639)		(639)
Total comprehensive loss for the period		(639)	(2,442)	(3,081)
Issuance of shares, net	721			721
Share-based compensation	219			219
Balance at Jun. 30, 2022	32,444	(416)	(26,278)	5,750
Balance at Dec. 31, 2022	32,713	(537)	(30,020)	2,156
IfrsStatementLineItems [Line Items]
Loss after income tax for the period			(33,009)	(33,009)
Other comprehensive loss for the period		(165)		(165)
Total comprehensive loss for the period		(165)	(33,009)	(33,174)
Issuance of shares, net	170			170
Recapitalization due to issuance of shares following the SPAC transaction, net	11,460			11,460
Share-based compensation	2,092			2,092
Conversion of convertible notes to shares	175			175
Conversion of bridge loans to shares	2,983			2,983
Exercise of options	10			10
Conversion of warrants A to ordinary shares, net (See note 5.2)	290			290
Issuance of Security Bundle, net (See note 5.2)	1,837			1,837
Balance at Jun. 30, 2023	$ 51,730	$ (702)	$ (63,029)	$ (12,001)

Interim Condensed Consolidate_4

Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
Cash flows from operating activities:
Net Loss	$ (33,009)	$ (2,442)
Share-based compensation	2,052	165
Depreciation and amortization	114	176
Increase (decrease) in other receivables	2,575	(1,727)
Increase in trade payables	2,545	831
Increase in other payables	70	110
Decrease in other liabilities	13	32
Revaluation of financial liabilities at fair value	(41)
Financial expenses due to bridge loans principal amounts	1,421
Interest on leases	7	28
Provision of borrowing to related parties	14	(89)
Revaluation of convertible notes	(382)
Share of net loss of associated companies	104
Issuance of shares for directors	40	54
SPAC transaction - listing costs	16,802
Net cash flow used in operating activities	(7,675)	(2,862)
Cash flows from investing activities:
Purchase of property, plant and equipment	(10)	(183)
Capitalized development cost	(383)	(783)
Net cash flow used in investing activities	(393)	(966)
Cash flows from financing activities:
Payment of lease liabilities	(21)	(39)
Proceeds from issuance of convertible notes	250	581
Proceeds from issuance of Security Bundle, net	914
Issuance of warrants	923
Issuance of derivative financial liability	974
Proceeds from bridge loans	550
Repayment of bridge loans	(30)
Advance payment for equity, net (see Note 5.1)	3,220
Issuance of shares in the SPAC transaction, net	2,923
Net cash flow from financing activities	9,703	542
Increase (decrease) in cash and cash equivalents	1,635	(3,286)
Cash and cash equivalents at beginning of period	1,398	4,171
Exchange rate differences on cash and cash equivalent	(13)	(26)
Cash and cash equivalents at end of period	3,020	859
Appendix A – Non-Cash transactions during the period:
Conversion of liability to ordinary shares (see Note 5.1)	450
Conversion of warrants to ordinary shares (see note 5.2)	290
Conversion of bridge loans and derivative financial liability to ordinary shares	2,983
Exercise of options and warrants to ordinary shares	2,229
Conversion of convertible notes to ordinary shares	$ 175

GENERAL

GENERAL	6 Months Ended
	Jun. 30, 2023
General
GENERAL	NOTE 1 - GENERAL A. SMX (Security Matters) Public Limited Company (“Security Matters” or the “Company” and together with its subsidiaries, the “Group”) was incorporated in July 1, 2022 under the laws of Ireland with registered number 722009 and its registered office at Mespil Business Center, Mespil House, Sessex Road, Dublin 4, Ireland, D04 T4A6. The Company was incorporated in 2022 as part of the Business Combination (see Note 1.B). The Group provides one solution to solve both authentication and track and trace challenges in order to uphold supply chain integrity and provide quality assurance and brand accountability to producers of goods. Its technology works as a track and trace system using a marker, a reader and an algorithm to identify embedded sub-molecular particles in order to track and trace different components along a production process (or any other marked good along a supply chain) to the end producer. Its proprietary marker system embeds a permanent or removable (depending on the needs of the customer) mark on solid, liquid or gaseous objects or materials. Each marker is comprised of a combination of marker codes such that each marker is designed to be unique and unable to be duplicated. The marker system is coupled with an innovative patented reader that responds to signals from the marker and, together with a patented algorithm, captures the details of the product retrieved and stored on a blockchain digital ledger. Each marker can be stored, either locally on the reader and on private servers, cloud servers or on a blockchain ledger, to protect data integrity and custody. B. The Business Combination - the SPAC transaction (“Business Combination”): On March 7, 2023 (the “Closing Date”) the Company completed its Business Combination with Lionheart III Corp (“Lionheart”), following that Lionheart and Security Matters PTY Ltd. (formerly named Security Matters Limited, which was incorporated in May 2018 under Australian law) became the Company’s wholly-owned subsidiaries and the Company listed its ordinary shares and public warrants on the NASDAQ stock market under the tickers SMX and SMXWW, respectively. On July 26, 2022, Security Matters PTY Ltd. and Lionheart, a publicly traded special purpose acquisition company (SPAC), entered into a business combination agreement (the “BCA”) and accompanying scheme implementation deed (“SID”). Under the BCA, the existing Lionheart stockholders received the Company’s shares and warrants in exchange for their existing Lionheart shares and warrants and all shares existed in Security Matters PTY Ltd were cancelled in return for the Company’s shares and resulting in Security Matters PTY Ltd. becoming a wholly owned subsidiary of the Company. Security Matters PTY Ltd. shareholders received consideration of 1 10.3624 10.00 The Business Combination resulted in 97.58% 3,061 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data) NOTE 1 – GENERAL (CONT.): C. The Company operates primarily through 8 wholly owned subsidiaries, all of which have been consolidated in these consolidated financial statements. SCHEDULE OF COMPANIES SUBSIDIARIES Controlled entity Country of Incorporation Percentage Owned June 30, 2023 Percentage Owned December 31, 2022 Security Matters PTY Ltd. Australia 100 % - Lionheart III Corp USA 100 % - SMX Circular Economy Platform PTE, Ltd. Singapore 100 % - SMX (Security Matters) Ireland Limited Ireland 100 % - SMX (Security Matters) Israel Ltd. Israel 100 % 100 %*** Security Matters Canada Ltd. Canada 100 % 100 %*** Security Matters France Ltd. France 100 % 100 %*** SMX Beverages Pty Ltd. Australia 100 % 100 %*** In addition, the Company’s has the following investments in associated companies: Entity Country of Incorporation Percentage Owned June 30, 2023 Percentage Owned December 31, 2022 Yahaloma Technologies Inc. Canada 50 % 50 %*** True Gold Consortium Pty Ltd Australia 44.4 % 44.4 %*** The proportion of ownership interest is equal to the proportion of voting power held. * Incorporated in 2023. ** Merger occurred in March 2023. *** Owned by Security Matters PTY Ltd. (formerly - Security Matters Limited) as of December 31, 2022. D. During the six months ended June 30, 2023, the Company incurred operating losses and negative cash flows from operating activities. The Company has not yet generated revenues. As discussed in Note 4, during the period, the Company entered into binding loan agreements with existing shareholders. As discussed in Note 5.1, the Company executed an equity line agreement to raise up to $ 25,000 2,500 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data)

SIGNIFICANT ACCOUNTING POLICIES

SIGNIFICANT ACCOUNTING POLICIES	6 Months Ended
	Jun. 30, 2023
Significant Accounting Policies
SIGNIFICANT ACCOUNTING POLICIES	NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES A. Basis of preparation These interim consolidated financial statements have been prepared in a condensed format in accordance with IAS 34 Interim Financial Reporting. They do not include all disclosures that would otherwise be required in a complete set of financial statements and should be read in conjunction with the annual consolidated financial statements as of December 31, 2022 of the Company and of Security Matters PTY Ltd. (formerly - Security Matters Limited). B. Functional currency The consolidated financial statements are prepared in US Dollars, which is the functional and presentation currency of the Company. C. Application of accounting policies The Group has applied the same accounting policies and methods of computation in its interim condensed consolidated financial statements as in its 2022 annual financial statements and as in the 2022 annual financial statements of Security Matters PTY Ltd, except as stated below in note 2D and 2E. Several amendments to IFRS Standards apply for the first time in 2023, but do not have an impact on the interim condensed consolidated financial statements. D. Issue of a unit of financial instruments The issue of a unit of financial instruments such as a financial liability (e.g., a loan) and free-standing derivative (e.g. warrants) involves the allocation of the proceeds received (before issuance costs) to financial derivatives and other financial instruments measured at fair value in each period and to financial liabilities that are measured at amortized cost, with residual allocated to equity instruments. Issuance costs are allocated to each component pro rata to the amounts determined for each component in the unit. E. Reverse acquisition transaction The result of the merger between the Company and Security Matters PTY Ltd. as described in Note 1B is that legally the Company owns the entire share capital of Security Matters PTY Ltd. Accordingly, for financial reporting purposes, Security Matters PTY Ltd. (the legal subsidiary) is the accounting acquirer, and the Company (the legal parent) is the accounting acquiree. The consolidated financial statements prepared following the reverse acquisition are issued under the name of the Company, but they are a continuance of the financial statements of Security Matters PTY Ltd. and reflect the fair values of the assets and liabilities of the Company (the acquiree for accounting purposes), together with a deemed issuance of shares by Security Matters PTY Ltd. at fair value based on the quoted opening share price of the Company in its first trading day following the closing of the business combination transaction ($ 11,599 16,802 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data) NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (CONT.): E. Reverse acquisition transaction (Cont.) The Company is initially consolidated in the financial statements from the Closing Date of the Business Combination. Substantially all of the assets and liabilities of the Company were comprised of marketable securities held in a trust account ($ 4,921 10,127 1. The assets and liabilities of Security Matters PTY Ltd. have been recognized and measured in these consolidated financial statements at their pre-combination carrying amounts. 2. The retained earnings and other equity balances recognized in those consolidated financial statements are the retained earnings and other equity balances of Security Matters PTY Ltd. immediately before the Business Combination. 3. The amount recognized as issued equity instruments in these consolidated financial statements has been determined by adding to the issued equity of Security Matters PTY Ltd. immediately before the Business Combination the fair value of the deemed issuance of shares, as described above. However, the equity structure (the number and type of shares issued) reflects the equity structure of the Company, including the shares issued by the Company through recapitalization. Accordingly, the equity structure of Security Matters PTY Ltd. (issued capital and addition paid in capital) in comparative periods is restated using the exchange ratio established in the Business Combination to reflect the number and par value of shares of the Company issued in the reverse acquisition transaction. 4. The statement of comprehensive loss reflects that of Security Matters PTY Ltd. for the full period together with the post-acquisition results of the Company from the Closing Date. Loss per share of Security Matters PTY Ltd. for periods prior to the acquisition date is restated such the denominator of the historical loss per share calculation is adjusted by multiplying the weighted-average shares used in each historically reported loss per share calculation by the exchange ratio established in the Business Combination. F. Reverse stock split The presentation of loss per share amounts has been retrospectively adjusted to give effect to the reverse share split which occurred on August 8, 2023. Except otherwise specifically provided, no other adjustments have been made in these notes to reflect the reverse share split. See also Note 9.1.

CONVERTIBLE NOTES

CONVERTIBLE NOTES	6 Months Ended
	Jun. 30, 2023
Notes and other explanatory information [abstract]
CONVERTIBLE NOTES	NOTE 3 – CONVERTIBLE NOTES On January 25, 2023, the Company received an amount of $ 250 250 December 31, 2024 15% 10 20% As part of the Convertible Note agreements, the investor was granted two types of warrants: (i) Bonus Warrants – 12,500 11.50 five years (ii) Redeemable Warrants – 12,500 11.50 five years 5.00 The investor has the option to decide that the Company will satisfy any or each redemption through the issuance of ordinary shares of the Company based upon a 20 The Convertible Notes are recorded in accordance with their fair value. The Redeemable Warrants are accounted for as a derivative financial liability. Management utilized a third-party appraiser to assist them in valuing the Convertible Notes and Redeemable Warrants. In order to calculate the fair value of the Convertible Notes, the Company discounted the payment schedule by a discount rate of 30.7% The fair value of the Redeemable Warrants was calculated using Monte-Carlo simulation model with expected volatility of 71.54% 4.19% 218 71 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data)

BRIDGE LOANS AND DERIVATIVE FIN

BRIDGE LOANS AND DERIVATIVE FINANCIAL LIABILITY	6 Months Ended
	Jun. 30, 2023
Notes and other explanatory information [abstract]
BRIDGE LOANS AND DERIVATIVE FINANCIAL LIABILITY	NOTE 4 – BRIDGE LOANS AND DERIVATIVE FINANCIAL LIABILITY Between August 2022 to January 2023, Security Matters PTY Ltd. entered into bridge loan agreements (the “Bridge Loans”) with eleven lenders, which lent Security Matters PTY Ltd. an aggregate amount of $ 3,860 two years 10% As part of the Bridge Loans agreements, the lenders were granted two types of warrants: (iii) Bonus Warrants – 243,000 11.50 five years (iv) Redeemable Warrants – 572,000 11.50 five years 5.00 Each investor has the option to decide that the Company will satisfy any or each redemption through the issuance of ordinary shares of the Company based upon a 20% discount to the 20-trading day VWAP preceding each such anniversary. Management with the assistance of a third-party appraiser valued the Bonus and the Redeemable Warrants. The fair value of the Bonus Warrants was calculated using the Black-Scholes model. As of June 30, 2023, the fair value of the Bonus Warrants was less than $ 1 24 The fair value of the Redeemable Warrants was calculated using Monte-Carlo simulation model. As of June 30, 2023, the fair value of the Redeemable Warrants was 2,133 (December 31, 2022, the fair value of the Redeemable Warrants was $ 2,669 ). The main assumptions used in the three valuation models described above were: (1) risk free rate 3.99% 81.03% 5.18 During 2023, the Company entered into an additional bridge loan agreement (the “Additional Bridge Loans”), in which the Company raised an aggregate amount of $ 550 two years 10% 1,350 1,000 872,418 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data)

MATERIAL EVENTS DURING THE PERI

MATERIAL EVENTS DURING THE PERIOD	6 Months Ended
	Jun. 30, 2023
Material Events During Period
MATERIAL EVENTS DURING THE PERIOD	NOTE 5 – MATERIAL EVENTS DURING THE PERIOD 1. The Company entered in February 2023 into a Standby Equity Purchase Agreement (“SEPA”) to raise up to $ 25,000 96 97 Yorkville advanced to the Company an aggregate principal amount of $ 3,500 1,500 2,000 The purchase price for the Pre-Paid Advance is 92.0% of the Pre-Paid Advance. Such Pre-Paid Advances will be offset upon the issuance of ordinary shares to Yorkville at a price per share equal to the lower of (a) 100% of the daily VWAP of the Ordinary Shares on The Nasdaq Stock Market as of the trading day immediately prior to the date of the disbursement of the Pre-Paid Advance (the “Fixed Price”) (in the case of the first Pre-Paid Advance, $3.65), or (b) 93.0% of the lowest daily VWAP of the Ordinary Shares on Nasdaq during the seven trading days immediately prior to each purchase (the “Variable Price” and the lower of the Fixed Price and the Variable Price shall be referred to as the “Purchase Price”); however, in no event shall the Purchase Price be less than $1.10 (the “Floor Price”). On July 27, 2023, the Company amended the promissory note evidencing the remaining Pre-Paid Advance to decrease the Floor Price to $1.10 (as adjusted for reverse stock split which occurred on August 21, 2023, see also Note 9.1), after the Company was required to repay in cash $ 500 each 1,500 450 2. On June 22, 2023, the Company entered into an underwriting agreement (the “Underwriting Agreement”) with EF Hutton, LLC (the “Underwriter”) relating to the public offering of (i) 13,333,333 0.24 13,333,333 13,333,333 0.24 13,333,333 13,333,333 0.24 The Company also granted the Underwriter a 45-day option to subscribe for, in the aggregate, (a) up to 1,999,999 additional ordinary shares (15% of the Firm Shares) at a subscription price per share of $0.24 (100% of the public offering price allocated to each Firm Share) (the “Option Shares” and together with the Firm Shares, the “Shares”) or Pre-Funded Warrants to subscribe for up to 1,999,999 ordinary shares at a price per share of $0.2399 (100% of the public offering price allocated to each Firm Share less $0.0001) and the remaining non pre-funded exercise price of each pre-funded warrant will be $0.0001 per share, and/or (b) 1,999,999 warrants in the form of Warrant A to subscribe for an aggregate of 1,999,999 ordinary shares (15% of the Firm Warrants) at an exercise price of $0.24 per warrant (100% of the public offering price allocated to each set of warrants in the form of Warrant A), and/or (c) 1,999,999 warrants in the form of Warrant B to purchase an aggregate of 1,999,999 ordinary shares (15% of the Firm Warrants) at a purchase price of $0.24 per warrant (100% of the public offering price allocated to each set of warrants in the form of Warrant B) (the “Option Warrants” and together with the Firm Warrants and Pre-Funded Warrants, if any, the “Warrants”), which may be subscribed for in any combination of Option Shares and/or the Option Warrants. The Option Shares and the Option Warrants are referred to as the “Option Securities”. The offering closed on June 27, 2023. The Company delivered the Firm Shares (or Firm Share equivalents in the form of Pre-Funded Warrants), the Firm Warrants and the Option Warrants to the Underwriter on the same day. The Warrant A terms specify that the warrants may be exercised at any time on or before June 27, 2028. On or after the earlier of (i) the thirty day anniversary of the date of the Underwriting Agreement and (ii) the date on which the aggregate composite trading volume of the Company’s ordinary shares as reported by Bloomberg LP beginning on the date of the Underwriting Agreement exceeds 15,000,000 of ordinary shares equal to the product of (x) the aggregate number of ordinary shares that would be issuable upon a cash exercise and (y) $ 0.50 15,195,332 7,597,665 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data) NOTE 5 – MATERIAL EVENTS DURING THE PERIOD (CONT.) The Warrant B terms specify that the warrants may be exercised at any time on or before June 27, 2028. All of such Warrant B warrants remain outstanding as of the end of period. Warrant A was valued at $ 0.0635 0.24 0.0602 70.39 4.13 The net proceeds to the Company upon the closing of this offering were approximately $ 2,580 660 The Company also granted to the Underwriter, 666,667 0.264 5 0.0575 70.39 4.13 3. In January 2023, the Company signed an amendment to the agreement with Isorad that determine the following: (1) for the BCA with Lionheart, (a) Isorad was issued 864,000 3.42 81.92 3 0 1 27 (2) Exit fee - in the occurrence of the first M&A event (as such event is defined in such agreement to include mergers, sale of all or substantially all the assets of the Company and similar event) after the closing of the BCA, the Company is to pay a cash amount equal to 1.5 4 . On March 2, 2023, the Company amended its loan agreement dated September 7, 2015, between the Company, its Shareholders and Kamea Fund that postponed the repayment of the borrowings from related party (Bonus Payment) to March 31, 2024 (refer also to Note 9.4 – Subsequent Events). SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data)

SHAREHOLDERS_ EQUITY

SHAREHOLDERS’ EQUITY	6 Months Ended
	Jun. 30, 2023
Shareholders Equity
SHAREHOLDERS’ EQUITY	NOTE 6 - SHAREHOLDERS’ EQUITY A. Share capital: SCHEDULE OF SHARE CAPITAL Number of shares June 30, 2023 December 31, 2022 Authorized Issued and outstanding Authorized Issued and outstanding Ordinary shares 800,000,000,000 38,364,447 500,000,000 1 Ordinary shares 0.0001 800,000,000,000 38,364,447 500,000,000 1 Preferred shares 0.0001 200,000,000,000 - - - Deferred shares 1 25,000 25,000 25,000 25,000 Ordinary shares Ordinary shares entitle the holder to participate in dividends and the proceeds on the winding up of the Company in proportion to the number of and amounts paid on the shares held. The fully paid ordinary shares have a par value per share of $0.0001 (before the reverse split) and par value per share of $0.0022 (post reverse split) and the Company does not have a limited amount of authorised capital. Preferred shares preferred shares with such designation, rights and preferences as may be determined from time to time by the Company’s Board of Directors. Deferred shares Deferred Ordinary Shares are non-voting shares and do not convey upon the holder the right to be paid a dividend or to receive notice of or to attend, vote or speak at a general meeting. The Deferred Shares confer the right on a return of capital, on a winding-up or otherwise, only to the repayment of the nominal value paid up on the Deferred Shares after repayment of the nominal value of the Ordinary Shares. Changes in Share capital A. On March 7, 2023 (the “Closing Date”), the Company consummated the Business Combination pursuant the BCA, dated July 26, 2022, and also consummated the SID, dated July 26, 2022. Beginning on the day immediately prior to the Closing Date and ending on the day immediately after the Closing Date, the following transactions occurred: 1. The AUD 828,240 1,000,000 2. Security Matters PTY Ltd. performed acceleration of vesting for all unvested warrants and options, the expense for the acceleration amounted to $ 186 3. 32,211,716 24,568,773 4. 18,673,253 193,500,379 1 10.3624 5. The Company issued 3,525,000 2,200,000 6,250,000 11.5 0.0204 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data) NOTE 6 – SHAREHOLDERS’ EQUITY (CONT.) 6. The Company issued 303,053 3,110 7. The Company issued 872,418 1,350 200,000 5 5 years 11.5 B. In May and June 2023, the Company issued 675,168 450 C. In June 2023, the Company raised capital as part of issuance of a unit of financial instruments in consideration of an aggregate of $ 2,580 13,333,333 15,333,332 15,333,332 D. After the balance sheet date, on August 21, 2023, the Company’s ordinary shares began trading on the Nasdaq Global Market on a post-Reverse Stock Split basis, after consolidating every twenty-two ordinary shares of the Company into one ordinary share (see also Note 9.1). Incentive Equity Plan In April 25, 2023, the Company’s board of directors and its shareholders approved and adopted the SMX Public Limited Company 2022 Incentive Equity Plan, which was subsequently amended the Company’s board of directors, subject to applicable Nasdaq requirements, which reserved for grant a number of ordinary shares equal to 15 5,082,417 1. During the six-month period ended June 30, 2023, the Company granted 4,334,000 1 1.09 1,738 RSUs granted to employees, directors and service providers: SCHEDULE OF RESTRICTED SHARES UNITS GRANTED Six months period ended June 30, 2023 (in thousands) Six months period ended June 30, 2022 Outstanding at beginning of period - - Granted 4,334 - Vested (945 ) - Outstanding at June 30, 2023 3,389 - 2. During the six-month period ended June 30, 2023, the Company granted 790,408 1.04 4.0 vesting period up to 4 years from the grant date, contractual life of the options under the plan is 5 years. 185. 168 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data) NOTE 6 - SHAREHOLDERS’ EQUITY (CONT.) Options granted to employees and service providers: SCHEDULE OF SHARE OPTION GRANTED Six months period ended June 30, 2023 Number of options (in thousands) Weighted average exercise price per share (US$) Outstanding at beginning of period 1,251 2.01 Granted 790 3.47 Exercised (7 ) 1.39 Expired - - Outstanding at June 30, 2023 2,034 2.58 Exercisable options at June 30, 2023 1,825 2.48 Six months period ended June 30, 2022 Number of options (in thousands) Weighted average exercise price per share (US$) Outstanding at beginning of period 3,346 2.02 Granted 989 2.86 Exercised - - Expired (375 ) 2.16 Outstanding at June 30, 2022 3,960 2.21 Exercisable options at June 30, 2022 2,703 2.33 The options to employees and service providers outstanding as of June 30, 2023, are comprised, as follows: SCHEDULE OF OPTIONS TO EMPLOYEES AND SERVICE PROVIDERS OUTSTANDING Exercise price (US$) Outstanding as of June 30, 2023 (in thousands) Weighted average remaining contractual term Exercisable as of June 30, 2023 (in thousands) Weighted average remaining contractual term (years) (years) 0.84 1.39 845 1.18 845 1.18 1.81 2.51 335 2.59 335 2.59 3.57 4.0 707 4.89 498 4.86 4.18 10 1.74 10 1.74 4.87 137 3.51 137 3.51 2,034 1,825 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data)

GENERAL AND ADMINISTRATIVE EXPE

GENERAL AND ADMINISTRATIVE EXPENSES	6 Months Ended
	Jun. 30, 2023
General And Administrative Expenses
GENERAL AND ADMINISTRATIVE EXPENSES	NOTE 7 – GENERAL AND ADMINISTRATIVE EXPENSES SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES Six Months Ended June 30, 2023 June 30, 2022 US$ in thousands US$ in thousands Transaction cost 7,792 - Advertising, Public and Investors Relations 1,526 - Share based compensation 1,805 82 Professional services 718 545 Wages and salaries related 664 429 Travel expenses 379 4 Insurance 329 19 Office and maintenance 37 80 Depreciation and amortization 15 15 Others 86 26 Total 13,350 1,200

LOSS PER SHARE

LOSS PER SHARE	6 Months Ended
	Jun. 30, 2023
Loss Per Share
LOSS PER SHARE	NOTE 8 - LOSS PER SHARE SCHEDULE OF LOSS PER SHARE Six months ended June 30, 2023 June 30, 2022 Net loss attributable to the owners of the Company $ (33,009 ) $ (2,442 ) Basic and diluted loss per share $ (39.46 ) $ * (3.36 Weighted average number of ordinary shares Weighted average number of ordinary shares used in calculating basic and diluted loss per share (in thousands) 837 *727 * As a result of the reverse share split described in Note 9.1, the calculation of the basic and diluted loss per share for all periods presented have been adjusted retrospectively based on the new number of shares as derived from the conversion ratio. * Restated as a result of the SPAC transaction SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data)

SUBSEQUENT EVENTS

SUBSEQUENT EVENTS	6 Months Ended
	Jun. 30, 2023
SUBSEQUENT EVENTS	NOTE 9 – SUBSEQUENT EVENTS Since the reporting date, the following significant events have occurred: 1. Reverse Stock Split - On August 8, 2023, at the Extraordinary General Meeting of Shareholders of the Company, the Company’s shareholders voted in favor of consolidating every twenty-two ordinary shares in the authorized but unissued and in the authorized and issued share capital of the Company into one ordinary share (the “Reverse Stock Split”). On August 21, 2023, the Company’s ordinary shares began trading on the Nasdaq Global Market on a post-Reverse Stock Split basis under the current symbol “SMX”. Following is a table which presents the loss per share before the change (see also Note 8). Loss per share have been calculated using the weighted average number of shares in issue during the relevant financial periods, the weighted average number of equity shares in issue and loss for the period as follows: SCHEDULE OF LOSS PER SHARE Six months ended June 30, 2023 June 30, 2022 Net loss attributable to the owners of the Company (33,009 ) (2,442 ) Basic and diluted loss per share (1.79 ) (0.15 ) Weighted average number of ordinary shares Weighted average number of ordinary shares used in calculating basic and diluted loss per share 18,404 15,984 2. On July 27, 2023, the Company amended its 1.10 S S 500 1,500 450 1,350 3. On September 6, 2023, the Company consummated the transactions pursuant to a Securities Purchase Agreement dated as of September 5, 2023 and issued and sold to an institutional investor a promissory note with a fixed conversion price of $ 1.6378 $2,500 4,290 2,574 40% 1.6378 4.99% 4.99% 4. On September 15, 2023, the Company paid $ 250 March 7, 2023 900 5. On September 19, 2023, the Company amended its loan agreements dated September 7, 2015, by and between the Company, its shareholders and Kamea Fund (the “Loan Agreements”). Pursuant to the amendment to the Loan Agreements, Kamea agreed to convert $ 657 487,281 6. On October 3, 2023, the Company has signed an agreement with True Gold Consortium Pty Ltd (“TrueGold”) (see also Note 1C) shareholders to acquire an additional 7.5% which will increase the Company’s holdings to 51.9% in TrueGold and result in the Company’s gain control over TrueGold. As part of the agreement and in consideration for the additional 7.5%, it was agreed that the outstanding payables from TrueGold to the Company which amounted to AU$ 475 as of June 30, 2023 (approximately $307) would be forgiven in full. The transaction is based on past valuation, which was prepared in October 2021, which evaluates TrueGold’s fair value in the range of $78.5 million to $90 million and at a mean of $84.3 million. This past valuation was not audited or reviewed. As of the agreement’s closing date, both parties agreed to engage an independent third party appraiser to prepare an updated TrueGold valuation as of closing date by November 30, 2023. Accordingly, the Company will recognize in its financial statements the fair value of TrueGold’s assets & liabilities at closing date as will be valued by the independent third party appraiser. Once this valuation will be completed, there may be material differences between TrueGold’s past valuation from October 2021 to the updated valuation.

SIGNIFICANT ACCOUNTING POLICI_2

SIGNIFICANT ACCOUNTING POLICIES (Policies)	6 Months Ended
	Jun. 30, 2023
Significant Accounting Policies
Basis of preparation	A. Basis of preparation These interim consolidated financial statements have been prepared in a condensed format in accordance with IAS 34 Interim Financial Reporting. They do not include all disclosures that would otherwise be required in a complete set of financial statements and should be read in conjunction with the annual consolidated financial statements as of December 31, 2022 of the Company and of Security Matters PTY Ltd. (formerly - Security Matters Limited).
Functional currency	B. Functional currency The consolidated financial statements are prepared in US Dollars, which is the functional and presentation currency of the Company.
Application of accounting policies	C. Application of accounting policies The Group has applied the same accounting policies and methods of computation in its interim condensed consolidated financial statements as in its 2022 annual financial statements and as in the 2022 annual financial statements of Security Matters PTY Ltd, except as stated below in note 2D and 2E. Several amendments to IFRS Standards apply for the first time in 2023, but do not have an impact on the interim condensed consolidated financial statements.
Issue of a unit of financial instruments	D. Issue of a unit of financial instruments The issue of a unit of financial instruments such as a financial liability (e.g., a loan) and free-standing derivative (e.g. warrants) involves the allocation of the proceeds received (before issuance costs) to financial derivatives and other financial instruments measured at fair value in each period and to financial liabilities that are measured at amortized cost, with residual allocated to equity instruments. Issuance costs are allocated to each component pro rata to the amounts determined for each component in the unit.
Reverse acquisition transaction	E. Reverse acquisition transaction The result of the merger between the Company and Security Matters PTY Ltd. as described in Note 1B is that legally the Company owns the entire share capital of Security Matters PTY Ltd. Accordingly, for financial reporting purposes, Security Matters PTY Ltd. (the legal subsidiary) is the accounting acquirer, and the Company (the legal parent) is the accounting acquiree. The consolidated financial statements prepared following the reverse acquisition are issued under the name of the Company, but they are a continuance of the financial statements of Security Matters PTY Ltd. and reflect the fair values of the assets and liabilities of the Company (the acquiree for accounting purposes), together with a deemed issuance of shares by Security Matters PTY Ltd. at fair value based on the quoted opening share price of the Company in its first trading day following the closing of the business combination transaction ($ 11,599 16,802 SMX (SECURITY MATTERS) PUBLIC LIMITED COMPANY NOTES TO THE UNAUDITED INTERIM CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (US$ in thousands except share and per share data) NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES (CONT.): E. Reverse acquisition transaction (Cont.) The Company is initially consolidated in the financial statements from the Closing Date of the Business Combination. Substantially all of the assets and liabilities of the Company were comprised of marketable securities held in a trust account ($ 4,921 10,127 1. The assets and liabilities of Security Matters PTY Ltd. have been recognized and measured in these consolidated financial statements at their pre-combination carrying amounts. 2. The retained earnings and other equity balances recognized in those consolidated financial statements are the retained earnings and other equity balances of Security Matters PTY Ltd. immediately before the Business Combination. 3. The amount recognized as issued equity instruments in these consolidated financial statements has been determined by adding to the issued equity of Security Matters PTY Ltd. immediately before the Business Combination the fair value of the deemed issuance of shares, as described above. However, the equity structure (the number and type of shares issued) reflects the equity structure of the Company, including the shares issued by the Company through recapitalization. Accordingly, the equity structure of Security Matters PTY Ltd. (issued capital and addition paid in capital) in comparative periods is restated using the exchange ratio established in the Business Combination to reflect the number and par value of shares of the Company issued in the reverse acquisition transaction. 4. The statement of comprehensive loss reflects that of Security Matters PTY Ltd. for the full period together with the post-acquisition results of the Company from the Closing Date. Loss per share of Security Matters PTY Ltd. for periods prior to the acquisition date is restated such the denominator of the historical loss per share calculation is adjusted by multiplying the weighted-average shares used in each historically reported loss per share calculation by the exchange ratio established in the Business Combination.
Reverse stock split	F. Reverse stock split The presentation of loss per share amounts has been retrospectively adjusted to give effect to the reverse share split which occurred on August 8, 2023. Except otherwise specifically provided, no other adjustments have been made in these notes to reflect the reverse share split. See also Note 9.1.

GENERAL (Tables)

GENERAL (Tables)	6 Months Ended
	Jun. 30, 2023
Notes and other explanatory information [abstract]
SCHEDULE OF COMPANIES SUBSIDIARIES	SCHEDULE OF COMPANIES SUBSIDIARIES Controlled entity Country of Incorporation Percentage Owned June 30, 2023 Percentage Owned December 31, 2022 Security Matters PTY Ltd. Australia 100 % - Lionheart III Corp USA 100 % - SMX Circular Economy Platform PTE, Ltd. Singapore 100 % - SMX (Security Matters) Ireland Limited Ireland 100 % - SMX (Security Matters) Israel Ltd. Israel 100 % 100 %*** Security Matters Canada Ltd. Canada 100 % 100 %*** Security Matters France Ltd. France 100 % 100 %*** SMX Beverages Pty Ltd. Australia 100 % 100 %*** In addition, the Company’s has the following investments in associated companies: Entity Country of Incorporation Percentage Owned June 30, 2023 Percentage Owned December 31, 2022 Yahaloma Technologies Inc. Canada 50 % 50 %*** True Gold Consortium Pty Ltd Australia 44.4 % 44.4 %*** The proportion of ownership interest is equal to the proportion of voting power held. * Incorporated in 2023. ** Merger occurred in March 2023. *** Owned by Security Matters PTY Ltd. (formerly - Security Matters Limited) as of December 31, 2022.

SHAREHOLDERS_ EQUITY (Tables)

SHAREHOLDERS’ EQUITY (Tables)	6 Months Ended
	Jun. 30, 2023
IfrsStatementLineItems [Line Items]
SCHEDULE OF SHARE CAPITAL	SCHEDULE OF SHARE CAPITAL Number of shares June 30, 2023 December 31, 2022 Authorized Issued and outstanding Authorized Issued and outstanding Ordinary shares 800,000,000,000 38,364,447 500,000,000 1 Ordinary shares 0.0001 800,000,000,000 38,364,447 500,000,000 1 Preferred shares 0.0001 200,000,000,000 - - - Deferred shares 1 25,000 25,000 25,000 25,000
SCHEDULE OF SHARE OPTION GRANTED	SCHEDULE OF SHARE OPTION GRANTED Six months period ended June 30, 2023 Number of options (in thousands) Weighted average exercise price per share (US$) Outstanding at beginning of period 1,251 2.01 Granted 790 3.47 Exercised (7 ) 1.39 Expired - - Outstanding at June 30, 2023 2,034 2.58 Exercisable options at June 30, 2023 1,825 2.48 Six months period ended June 30, 2022 Number of options (in thousands) Weighted average exercise price per share (US$) Outstanding at beginning of period 3,346 2.02 Granted 989 2.86 Exercised - - Expired (375 ) 2.16 Outstanding at June 30, 2022 3,960 2.21 Exercisable options at June 30, 2022 2,703 2.33
SCHEDULE OF OPTIONS TO EMPLOYEES AND SERVICE PROVIDERS OUTSTANDING	The options to employees and service providers outstanding as of June 30, 2023, are comprised, as follows: SCHEDULE OF OPTIONS TO EMPLOYEES AND SERVICE PROVIDERS OUTSTANDING Exercise price (US$) Outstanding as of June 30, 2023 (in thousands) Weighted average remaining contractual term Exercisable as of June 30, 2023 (in thousands) Weighted average remaining contractual term (years) (years) 0.84 1.39 845 1.18 845 1.18 1.81 2.51 335 2.59 335 2.59 3.57 4.0 707 4.89 498 4.86 4.18 10 1.74 10 1.74 4.87 137 3.51 137 3.51 2,034 1,825
Restricted share units [member]
IfrsStatementLineItems [Line Items]
SCHEDULE OF SHARE OPTION GRANTED	SCHEDULE OF RESTRICTED SHARES UNITS GRANTED Six months period ended June 30, 2023 (in thousands) Six months period ended June 30, 2022 Outstanding at beginning of period - - Granted 4,334 - Vested (945 ) - Outstanding at June 30, 2023 3,389 -

GENERAL AND ADMINISTRATIVE EX_2

GENERAL AND ADMINISTRATIVE EXPENSES (Tables)	6 Months Ended
	Jun. 30, 2023
General And Administrative Expenses
SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES	SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES Six Months Ended June 30, 2023 June 30, 2022 US$ in thousands US$ in thousands Transaction cost 7,792 - Advertising, Public and Investors Relations 1,526 - Share based compensation 1,805 82 Professional services 718 545 Wages and salaries related 664 429 Travel expenses 379 4 Insurance 329 19 Office and maintenance 37 80 Depreciation and amortization 15 15 Others 86 26 Total 13,350 1,200

LOSS PER SHARE (Tables)

LOSS PER SHARE (Tables)	6 Months Ended
	Jun. 30, 2023
Loss Per Share
SCHEDULE OF LOSS PER SHARE	SCHEDULE OF LOSS PER SHARE Six months ended June 30, 2023 June 30, 2022 Net loss attributable to the owners of the Company $ (33,009 ) $ (2,442 ) Basic and diluted loss per share $ (39.46 ) $ * (3.36 Weighted average number of ordinary shares Weighted average number of ordinary shares used in calculating basic and diluted loss per share (in thousands) 837 *727 * As a result of the reverse share split described in Note 9.1, the calculation of the basic and diluted loss per share for all periods presented have been adjusted retrospectively based on the new number of shares as derived from the conversion ratio. * Restated as a result of the SPAC transaction

SUBSEQUENT EVENTS (Tables)

SUBSEQUENT EVENTS (Tables)	6 Months Ended
	Jun. 30, 2023
SCHEDULE OF LOSS PER SHARE	Loss per share have been calculated using the weighted average number of shares in issue during the relevant financial periods, the weighted average number of equity shares in issue and loss for the period as follows: SCHEDULE OF LOSS PER SHARE Six months ended June 30, 2023 June 30, 2022 Net loss attributable to the owners of the Company (33,009 ) (2,442 ) Basic and diluted loss per share (1.79 ) (0.15 ) Weighted average number of ordinary shares Weighted average number of ordinary shares used in calculating basic and diluted loss per share 18,404 15,984

SCHEDULE OF COMPANIES SUBSIDIAR

SCHEDULE OF COMPANIES SUBSIDIARIES (Details)	6 Months Ended	12 Months Ended
	Jun. 30, 2023	Dec. 31, 2022
Security Matters PTY Ltd [Member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	Australia
Percentage Owned	100%
Lion heart III Corp [Member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	USA
Percentage Owned	100%		[1]
SMX Circular Economy Platform PTE Ltd [Member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	Singapore
Percentage Owned	100%		[2]
SMX Ireland Limited [Member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	Ireland
Percentage Owned	100%		[2]
SMX Israel Ltd [Member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	Israel
Percentage Owned	100%	100%	[3]
Security Matters Canada Ltd [Member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	Canada
Percentage Owned	100%	100%	[3]
Security Matters France Ltd [Member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	France
Percentage Owned	100%	100%	[3]
SMX Beverages Pty Ltd [Member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	Australia
Percentage Owned	100%	100%	[3]
Yahaloma Technologies Inc [Member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	Canada
Percentage Owned	50%	50%	[3]
True Gold Consortium Pty Ltd [Member]
IfrsStatementLineItems [Line Items]
Country of Incorporation	Australia
Percentage Owned	44.40%	44.40%	[3]
[1]Merger occurred in March 2023.[2]Incorporated in 2023.[3]Owned by Security Matters PTY Ltd. (formerly - Security Matters Limited) as of December 31, 2022.

GENERAL (Details Narrative)

GENERAL (Details Narrative) $ / shares in Units, $ in Thousands		6 Months Ended
	Jul. 26, 2022 USD ($) $ / shares shares	Jun. 30, 2023 USD ($) $ / shares shares	Jun. 30, 2023 € / shares	Mar. 07, 2023 shares	Jan. 31, 2023 shares	Dec. 31, 2022 $ / shares	Dec. 31, 2022 € / shares
IfrsStatementLineItems [Line Items]
Number of shares issued | shares		13,333,333			864,000
Share price | $ / shares	$ 10.3624
Implied value | € / shares			€ 1				€ 1
Equity Line Agreement [Member]
IfrsStatementLineItems [Line Items]
Consideration of issuance of common stock		$ 25,000
Additional capital raising		$ 2,500
Lionheart [Member] | Business Combination Agreement [Member]
IfrsStatementLineItems [Line Items]
Redemption percentage of business combination	97.58%
Remaining funds in trust account	$ 3,061
Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Number of shares issued | shares	1			1
Implied value | $ / shares	$ 10	$ 0.0001				$ 0.0001

SIGNIFICANT ACCOUNTING POLICI_3

SIGNIFICANT ACCOUNTING POLICIES (Details Narrative) $ in Thousands	6 Months Ended
	Jun. 30, 2023 USD ($)
Significant Accounting Policies
Fair value based on the quoted opening share price	$ 11,599
Fair value of the shares	16,802
Marketable securities held in a trust account	4,921
Trade, other payables and warrants	$ 10,127

CONVERTIBLE NOTES (Details Narr

CONVERTIBLE NOTES (Details Narrative) $ / shares in Units, $ in Thousands		1 Months Ended	6 Months Ended
	Jan. 25, 2023 USD ($) $ / shares shares	Jan. 31, 2023	Jun. 30, 2023 USD ($) $ / shares	Jun. 30, 2023 € / shares	Feb. 28, 2023 USD ($)	Dec. 31, 2022 $ / shares	Dec. 31, 2022 € / shares	Jul. 26, 2022 $ / shares
IfrsStatementLineItems [Line Items]
Principal amount | $					$ 3,500
Par value per share | € / shares				€ 1			€ 1
Volatility rate		81.92%
Risk-free interest rate		3.42%
Fair value of convertible notes | $			$ 218
Fair value of the redeemable warrants | $			$ 71
Redeemable Warrants [Member]
IfrsStatementLineItems [Line Items]
Volatility rate			71.54%
Risk-free interest rate			4.19%
Convertiable Note Agreements [Member] | Bonus Warrants [Member]
IfrsStatementLineItems [Line Items]
Warrants to purchase ordinary shares | shares	12,500,000
Exercise price | $ / shares	$ 11.50
Warrants term	5 years
Convertiable Note Agreements [Member] | Redeemable Warrants [Member]
IfrsStatementLineItems [Line Items]
Discount rate	20%
Warrants to purchase ordinary shares | shares	12,500
Warrants term	5 years
Share purchase price | $ / shares	$ 11.50
Par value per share | $ / shares	$ 5
Description of approach used to determine discount rates	The investor has the option to decide that the Company will satisfy any or each redemption through the issuance of ordinary shares of the Company based upon a 20% discount to the 20-trading day VWAP preceding each such anniversary.
Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Fixed conversion price | $ / shares								$ 10
Par value per share | $ / shares			$ 0.0001			$ 0.0001		$ 10
Convertible Notes [Member]
IfrsStatementLineItems [Line Items]
Issue of convertible instruments | $	$ 250
Principal amount | $	$ 250
Maturity date	December 31, 2024
Interest rate	15%
Discount rate	20%		30.70%

BRIDGE LOANS AND DERIVATIVE F_2

BRIDGE LOANS AND DERIVATIVE FINANCIAL LIABILITY (Details Narrative) $ / shares in Units, $ in Thousands	1 Months Ended		6 Months Ended			12 Months Ended
	Mar. 31, 2023 USD ($) shares	Jan. 31, 2023 $ / shares shares	Jun. 30, 2023 USD ($) shares	Jan. 31, 2023 USD ($) $ / shares shares	Jun. 30, 2022 USD ($)	Dec. 31, 2023 USD ($)	Sep. 19, 2023 shares	Jun. 30, 2023 € / shares	Dec. 31, 2022 USD ($)	Dec. 31, 2022 € / shares
IfrsStatementLineItems [Line Items]
Par value | € / shares								€ 1		€ 1
[custom:FairValueOfRedeemableWarrants-0]			$ 71
Risk-free interest rate		3.42%
Volatility rate		81.92%
Proceeds from borrowings, classified as financing activities			$ 550
Number of shares | shares		864,000	13,333,333	864,000
Non adjusting Event [Member]
IfrsStatementLineItems [Line Items]
Number of shares | shares							487,281
Redeemable Warrants [Member]
IfrsStatementLineItems [Line Items]
Risk-free interest rate			4.19%
Volatility rate			71.54%
Bridge loan agreements [member]
IfrsStatementLineItems [Line Items]
Borrowings, interest rate		10%		10%
Excepted terms			5 years 2 months 4 days
Description of approach used to determine discount rates				Each investor has the option to decide that the Company will satisfy any or each redemption through the issuance of ordinary shares of the Company based upon a 20% discount to the 20-trading day VWAP preceding each such anniversary.
Fair value of the bonous Warrants									$ 24
[custom:FairValueOfRedeemableWarrants-0]			$ 2,133						$ 2,669
Risk-free interest rate			3.99%
Volatility rate			81.03%
Aggregate amount of convertible instruments issued	$ 1,350
Redeemable warrants	$ 1,000
Number of shares | shares	872,418
Bridge loan agreements [member] | Non adjusting Event [Member]
IfrsStatementLineItems [Line Items]
Borrowings, interest rate						10%
Proceeds from borrowings, classified as financing activities						$ 550
Bridge loan agreements [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Fair value of the bonous Warrants			$ 1
Bridge loan agreements [member] | Bonus Warrants [Member]
IfrsStatementLineItems [Line Items]
Warrants to purchase ordinary shares | shares				243,000
Exercise price of warrants | $ / shares				$ 11.50
Excepted terms				5 years
Bridge loan agreements [member] | Redeemable Warrants [Member]
IfrsStatementLineItems [Line Items]
Warrants to purchase ordinary shares | shares				572,000
Exercise price of warrants | $ / shares				$ 11.50
Excepted terms				5 years
Par value | $ / shares		$ 5		$ 5
Bridge loan agreements [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Borrowings maturity				two years
Bridge loan agreements [member] | Top of range [member] | Non adjusting Event [Member]
IfrsStatementLineItems [Line Items]
Borrowings maturity						two years
Bridge loan agreements [member] | Eleven Lenders [Member]
IfrsStatementLineItems [Line Items]
Proceeds from loans and warrants				$ 3,860

MATERIAL EVENTS DURING THE PE_2

MATERIAL EVENTS DURING THE PERIOD (Details Narrative) $ / shares in Units, $ in Thousands		1 Months Ended		6 Months Ended
	Jun. 22, 2023 $ / shares shares	Feb. 28, 2023 USD ($)	Jan. 31, 2023 USD ($) shares	Jun. 30, 2023 USD ($) $ / shares shares	Sep. 19, 2023 shares	Jul. 31, 2023 USD ($)	Jul. 27, 2023 USD ($)	Jun. 30, 2023 € / shares	Dec. 31, 2022 USD ($)	Dec. 31, 2022 € / shares
IfrsStatementLineItems [Line Items]
Principal amount | $		$ 3,500
Purchase price pre paid advance description		The purchase price for the Pre-Paid Advance is 92.0% of the Pre-Paid Advance. Such Pre-Paid Advances will be offset upon the issuance of ordinary shares to Yorkville at a price per share equal to the lower of (a) 100% of the daily VWAP of the Ordinary Shares on The Nasdaq Stock Market as of the trading day immediately prior to the date of the disbursement of the Pre-Paid Advance (the “Fixed Price”) (in the case of the first Pre-Paid Advance, $3.65), or (b) 93.0% of the lowest daily VWAP of the Ordinary Shares on Nasdaq during the seven trading days immediately prior to each purchase (the “Variable Price” and the lower of the Fixed Price and the Variable Price shall be referred to as the “Purchase Price”); however, in no event shall the Purchase Price be less than $1.10 (the “Floor Price”). On July 27, 2023, the Company amended the promissory note evidencing the remaining Pre-Paid Advance to decrease the Floor Price to $1.10 (as adjusted for reverse stock split which occurred on August 21, 2023, see also Note 9.1), after the Company was required to repay in cash $500 of principal amount as a result of the Company’s share price being below the original Floor Price.
Issued ordinary shares value | $				$ 51,730					$ 32,711
Options to purchase shares			864,000	13,333,333
Option granted description	The Company also granted the Underwriter a 45-day option to subscribe for, in the aggregate, (a) up to 1,999,999 additional ordinary shares (15% of the Firm Shares) at a subscription price per share of $0.24 (100% of the public offering price allocated to each Firm Share) (the “Option Shares” and together with the Firm Shares, the “Shares”) or Pre-Funded Warrants to subscribe for up to 1,999,999 ordinary shares at a price per share of $0.2399 (100% of the public offering price allocated to each Firm Share less $0.0001) and the remaining non pre-funded exercise price of each pre-funded warrant will be $0.0001 per share, and/or (b) 1,999,999 warrants in the form of Warrant A to subscribe for an aggregate of 1,999,999 ordinary shares (15% of the Firm Warrants) at an exercise price of $0.24 per warrant (100% of the public offering price allocated to each set of warrants in the form of Warrant A), and/or (c) 1,999,999 warrants in the form of Warrant B to purchase an aggregate of 1,999,999 ordinary shares (15% of the Firm Warrants) at a purchase price of $0.24 per warrant (100% of the public offering price allocated to each set of warrants in the form of Warrant B) (the “Option Warrants” and together with the Firm Warrants and Pre-Funded Warrants, if any, the “Warrants”), which may be subscribed for in any combination of Option Shares and/or the Option Warrants. The Option Shares and the Option Warrants are referred to as the “Option Securities”.
Expected volatility			81.92%
Risk-free rate			3.42%
Net proceeds | $				$ 2,580
Capital raise fee | $				$ 660
Par value per share | € / shares								€ 1		€ 1
Expected term			3 years
Expected dividend yield			0%
Convertible percentage			1%
Aggregated received amount | $			$ 27,000
Payment of cash percent			1.50%
Warrant A [Member]
IfrsStatementLineItems [Line Items]
Warrant share price cashless exercise | $ / shares	$ 0.0635
Number of shares issued warrants				15,333,332
Warrant B [Member]
IfrsStatementLineItems [Line Items]
Warrant share price cash exercise | $ / shares	0.24
Exercise price | $ / shares	$ 0.0602
Expected volatility	70.39%
Risk-free rate	4.13%
Number of shares issued warrants				15,333,332
Underwriter Warrant [Member]
IfrsStatementLineItems [Line Items]
Exercise price | $ / shares	$ 0.264
Expected volatility	70.39%
Risk-free rate	4.13%
Number of shares issued warrants	666,667
Warrants expiration date	5 years
Par value per share | $ / shares	$ 0.0575
Underwriting Agreement [Member]
IfrsStatementLineItems [Line Items]
Options to purchase shares	13,333,333
Subscription price per share | $ / shares	$ 0.24
Number of warrants issued	13,333,333
Underwriting Agreement [Member] | Warrant A [Member]
IfrsStatementLineItems [Line Items]
Options to purchase shares	15,000,000
Subscription price per share | $ / shares	$ 0.24
Number of warrants issued	15,195,332
Number of warrants issued	13,333,333
Warrant share price cash exercise | $ / shares	$ 0.50
Number of warrant cashless exercised	7,597,665
Underwriting Agreement [Member] | Warrant B [Member]
IfrsStatementLineItems [Line Items]
Subscription price per share | $ / shares	$ 0.24
Number of warrants issued	13,333,333
Non adjusting Event [Member]
IfrsStatementLineItems [Line Items]
Cash | $							$ 500
Options to purchase shares					487,281
First Installment [Member]
IfrsStatementLineItems [Line Items]
Pre-paid advance | $		$ 1,500
First Installment [Member] | Non adjusting Event [Member]
IfrsStatementLineItems [Line Items]
Pre-paid advance | $						$ 1,500
Second Installment [Member]
IfrsStatementLineItems [Line Items]
Pre-paid advance | $		2,000
Bottom of range [member]
IfrsStatementLineItems [Line Items]
Exercise price | $ / shares				$ 1.04
SEPA [Member]
IfrsStatementLineItems [Line Items]
Issued capital, ordinary shares | $		$ 25,000
Percentage of weighted average price of common stock		96%
SEPA [Member] | Non adjusting Event [Member]
IfrsStatementLineItems [Line Items]
Issued ordinary shares value | $						$ 450
SEPA [Member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Percentage of common stock		97%

SCHEDULE OF SHARE CAPITAL (Deta

SCHEDULE OF SHARE CAPITAL (Details) - shares	Jun. 30, 2023	Dec. 31, 2022
Deferred Shares [Member]
IfrsStatementLineItems [Line Items]
Number of shares authorized	25,000	25,000
Number of shares issued and outstanding	25,000	25,000
Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Number of shares authorized	800,000,000,000	500,000,000
Number of shares issued and outstanding	38,364,447	1
Preference shares [member]
IfrsStatementLineItems [Line Items]
Number of shares authorized	200,000,000,000
Number of shares issued and outstanding

SCHEDULE OF SHARE CAPITAL (De_2

SCHEDULE OF SHARE CAPITAL (Details) (Parenthetical)	Jun. 30, 2023 $ / shares	Jun. 30, 2023 € / shares	Dec. 31, 2022 $ / shares	Dec. 31, 2022 € / shares	Jul. 26, 2022 $ / shares
IfrsStatementLineItems [Line Items]
Par value per share | € / shares		€ 1		€ 1
Ordinary shares [member]
IfrsStatementLineItems [Line Items]
Par value per share	$ 0.0001		$ 0.0001		$ 10
Preference shares [member]
IfrsStatementLineItems [Line Items]
Par value per share	$ 0.0001		$ 0.0001

SCHEDULE OF RESTRICTED SHARES U

SCHEDULE OF RESTRICTED SHARES UNITS GRANTED (Details) - shares shares in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
IfrsStatementLineItems [Line Items]
Number of options outstanding, beginning balance	1,251	3,346
Number of options, granted	790	989
Number of options, vested	(7)
Number of options outstanding, ending balance	2,034	3,960
Restricted share units [member]
IfrsStatementLineItems [Line Items]
Number of options outstanding, beginning balance
Number of options, granted	4,334
Number of options, vested	(945)
Number of options outstanding, ending balance	3,389

SCHEDULE OF SHARE OPTION GRANTE

SCHEDULE OF SHARE OPTION GRANTED (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2023 shares $ / shares	Jun. 30, 2022 shares $ / shares
Shareholders Equity
Number of options outstanding, beginning balance | shares	1,251	3,346
Weighted average exercise price, outstanding beginning balance | $ / shares	$ 2.01	$ 2.02
Number of options, granted | shares	790	989
Weighted average exercise price, granted | $ / shares	$ 3.47	$ 2.86
Number of options, exercised | shares	(7)
Weighted average exercise price, exercised | $ / shares	$ 1.39
Number of options, expired | shares		(375)
Weighted average exercise price, expired | $ / shares		$ 2.16
Number of options outstanding, ending balance | shares	2,034	3,960
Weighted average exercise price, outstanding ending balance | $ / shares	$ 2.58	$ 2.21
Number of options, Exercisable | shares	1,825	2,703
Weighted average exercise price, Exercisable | $ / shares	$ 2.48	$ 2.33

SCHEDULE OF OPTIONS TO EMPLOYEE

SCHEDULE OF OPTIONS TO EMPLOYEES AND SERVICE PROVIDERS OUTSTANDING (Details) shares in Thousands	6 Months Ended
	Jun. 30, 2023 shares $ / shares	Dec. 31, 2022 shares	Jun. 30, 2022 shares	Dec. 31, 2021 shares
IfrsStatementLineItems [Line Items]
Number of outstanding shares	2,034	1,251	3,960	3,346
Number of exercisable shares	1,825		2,703
Exercise price one [member]
IfrsStatementLineItems [Line Items]
Number of outstanding shares	845
Weighted average remaining contractual life of outstanding share options	1 year 2 months 4 days
Number of exercisable shares	845
Weighted average remaining contractual life of exercisable share options	1 year 2 months 4 days
Exercise price one [member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Exercise price | $ / shares	$ 0.84
Exercise price one [member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Exercise price | $ / shares	$ 1.39
Options Outstanding Two [Member]
IfrsStatementLineItems [Line Items]
Number of outstanding shares	335
Weighted average remaining contractual life of outstanding share options	2 years 7 months 2 days
Number of exercisable shares	335
Weighted average remaining contractual life of exercisable share options	2 years 7 months 2 days
Options Outstanding Two [Member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Exercise price | $ / shares	$ 1.81
Options Outstanding Two [Member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Exercise price | $ / shares	$ 2.51
Options Outstanding Three [Member]
IfrsStatementLineItems [Line Items]
Number of outstanding shares	707
Weighted average remaining contractual life of outstanding share options	4 years 10 months 20 days
Number of exercisable shares	498
Weighted average remaining contractual life of exercisable share options	4 years 10 months 9 days
Options Outstanding Three [Member] | Bottom of range [member]
IfrsStatementLineItems [Line Items]
Exercise price | $ / shares	$ 3.57
Options Outstanding Three [Member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Exercise price | $ / shares	$ 4
Options Outstanding Four [Member]
IfrsStatementLineItems [Line Items]
Number of outstanding shares	10
Weighted average remaining contractual life of outstanding share options	1 year 8 months 26 days
Number of exercisable shares	10
Weighted average remaining contractual life of exercisable share options	1 year 8 months 26 days
Options Outstanding Four [Member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Exercise price | $ / shares	$ 4.18
Options Outstanding Five [Member]
IfrsStatementLineItems [Line Items]
Number of outstanding shares	137
Weighted average remaining contractual life of outstanding share options	3 years 6 months 3 days
Number of exercisable shares	137
Weighted average remaining contractual life of exercisable share options	3 years 6 months 3 days
Options Outstanding Five [Member] | Top of range [member]
IfrsStatementLineItems [Line Items]
Exercise price | $ / shares	$ 4.87

SHAREHOLDERS_ EQUITY (Details N

SHAREHOLDERS’ EQUITY (Details Narrative) $ / shares in Units, $ in Thousands, $ in Thousands

1 Months Ended

6 Months Ended

Jun. 22, 2023 $ / shares

Apr. 25, 2023 shares

Mar. 07, 2023 USD ($) $ / shares shares

Mar. 07, 2023 AUD ($) shares

Jun. 30, 2023 USD ($) $ / shares shares

May 31, 2023 USD ($) shares

Jun. 30, 2023 USD ($) shares $ / shares

Jun. 30, 2023 € / shares

Jan. 31, 2023 shares

Dec. 31, 2022 $ / shares shares

Dec. 31, 2022 € / shares shares

Jul. 26, 2022 $ / shares shares

IfrsStatementLineItems [Line Items]

Explanation of fact that shares have par value

The fully paid ordinary shares have a par value per share of $0.0001 (before the reverse split) and par value per share of $0.0022 (post reverse split) and the Company does not have a limited amount of authorised capital.

Number of shares issued

13,333,333

13,333,333

864,000

Warrants acceleration amount | $

$ 186

Exercise of warrants

32,211,716

32,211,716

Number of shares on cashless basis

24,568,773

24,568,773

Share price | $ / shares

$ 10.3624

Implied value | € / shares

€ 1

€ 1

Net proceeds | $

$ 2,580

Related share based expenses | $

$ 168

Vesting period description

vesting period up to 4 years from the grant date, contractual life of the options under the plan is 5 years.

Fair value | $

$ 185

$ 185

Bottom of range [member]

IfrsStatementLineItems [Line Items]

Exercise price | $ / shares

$ 1.04

Top of range [member]

IfrsStatementLineItems [Line Items]

Exercise price | $ / shares

$ 4

Restricted share units [member]

IfrsStatementLineItems [Line Items]

Related share based expenses | $

$ 1,738

Restricted share units [member] | Bottom of range [member]

IfrsStatementLineItems [Line Items]

Exercise price | $ / shares

$ 1

Restricted share units [member] | Top of range [member]

IfrsStatementLineItems [Line Items]

Exercise price | $ / shares

$ 1.09

2022 Incentive Equity Plan [Member]

IfrsStatementLineItems [Line Items]

Number of issued and outstanding ordinary shares percentage

15%

Number of shares authorized

5,082,417

Yorkville [Member]

IfrsStatementLineItems [Line Items]

Number of shares issued

675,168

675,168

675,168

Net proceeds | $

$ 450

$ 450

Employees Directors And Service Providers [Member] | Restricted share units [member]

IfrsStatementLineItems [Line Items]

Options granted

4,334,000

Employees And Service Providers [Member]

IfrsStatementLineItems [Line Items]

Options granted

790,408

Warrant A [Member]

IfrsStatementLineItems [Line Items]

Shares issued warrants

15,333,332

15,333,332

Warrant B [Member]

IfrsStatementLineItems [Line Items]

Shares issued warrants

15,333,332

15,333,332

Exercise price | $ / shares

$ 0.0602

Ordinary shares [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

1

1

Implied value | $ / shares

$ 0.0001

$ 0.0001

$ 0.0001

$ 10

Number of shares authorized

800,000,000,000

800,000,000,000

500,000,000

500,000,000

Ordinary Shares One [Member]

IfrsStatementLineItems [Line Items]

Number of shares issued

303,053

Proceeds from issuance of stock | $

$ 3,110

Ordinary Shares Two [Member]

IfrsStatementLineItems [Line Items]

Number of shares issued

872,418

Exercise price | $ / shares

$ 11.5

Implied value | $ / shares

$ 5

Principal amount | $

$ 1,350

Redeemable warrants | $

$ 200,000

Warrants term

5 years

5 years

Security Matters PTY Ltd [Member]

IfrsStatementLineItems [Line Items]

Number of shares issued

18,673,253

Share price | $ / shares

$ 10.3624

Security Matters PTY Ltd [Member] | Ordinary shares [member]

IfrsStatementLineItems [Line Items]

Number of shares issued

193,500,379

Lion heart III Corp [Member]

IfrsStatementLineItems [Line Items]

Number of shares issued

3,525,000

Exercise price | $ / shares

$ 11.5

Implied value | $ / shares

$ 0.0204

Lion heart III Corp [Member] | Private Warrants [Member]

IfrsStatementLineItems [Line Items]

Number of shares issued

2,200,000

Lion heart III Corp [Member] | Public Warrants [Member]

IfrsStatementLineItems [Line Items]

Number of shares issued

6,250,000

2022 Convertible Notes [Member]

IfrsStatementLineItems [Line Items]

Convertiable notes | $

$ 828,240

Number of shares issued

1,000,000

SCHEDULE OF GENERAL AND ADMINIS

SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($) $ in Thousands	6 Months Ended
	Jun. 30, 2023	Jun. 30, 2022
IfrsStatementLineItems [Line Items]
Share based compensation	$ 2,052	$ 165
Total	13,350	1,200
General And Administrative Expenses [Member]
IfrsStatementLineItems [Line Items]
Transaction cost	7,792
Advertising, Public and Investors Relations	1,526
Share based compensation	1,805	82
Professional services	718	545
Wages and salaries related	664	429
Travel expenses	379	4
Insurance	329	19
Office and maintenance	37	80
Depreciation and amortization	15	15
Others	$ 86	$ 26

SCHEDULE OF LOSS PER SHARE (Det

SCHEDULE OF LOSS PER SHARE (Details) - USD ($) $ / shares in Units, shares in Thousands, $ in Thousands	6 Months Ended
	Jun. 30, 2023		Jun. 30, 2022
IfrsStatementLineItems [Line Items]
Net loss attributable to the owners of the Company	$ (33,009)		$ (2,442)
Basic loss per share attributable to shareholders	$ (39.46)	[1]	$ (3.36)	[2],[3]
Diluted loss per share attributable to shareholdersDiluted loss per share attributable to shareholders	$ (39.46)	[1]	$ (3.36)	[3]
Weighted average number of ordinary shares
Weighted average number of ordinary shares used in calculating basic and diluted loss per share	837		727	[2]
Reverse stock split [Member]
IfrsStatementLineItems [Line Items]
Net loss attributable to the owners of the Company	$ (33,009)		$ (2,442)
Basic loss per share attributable to shareholders	$ (1.79)		$ (0.15)
Diluted loss per share attributable to shareholdersDiluted loss per share attributable to shareholders	$ (1.79)		$ (0.15)
Weighted average number of ordinary shares
Weighted average number of ordinary shares used in calculating basic and diluted loss per share	18,404		15,984
[1]After giving effect to the reverse stock split (see also Note 9.1)[2]Restated as a result of the SPAC transaction[3]Restated as a result of the SPAC transaction and after giving effect to the reverse stock split (see also Note 1 and 9.1)

SUBSEQUENT EVENTS (Details Narr

SUBSEQUENT EVENTS (Details Narrative) - USD ($) $ / shares in Units, $ in Thousands			1 Months Ended
	Sep. 30, 2023	Sep. 06, 2023	Sep. 15, 2023	Jul. 31, 2023	Jul. 27, 2023	Sep. 19, 2023	Jun. 30, 2023	Jan. 31, 2023
IfrsStatementLineItems [Line Items]
Number of shares							13,333,333	864,000
Non adjusting Event [Member]
IfrsStatementLineItems [Line Items]
Floor price					$ 1.10
Repayment of debt	$ 1,350			$ 450	$ 500
Pre-paid advance				$ 1,500
Debt principal smount			$ 900
Payments for promissory notes			$ 250
Maturity date			Mar. 07, 2023
Number of shares converted						657
Number of shares						487,281
Non adjusting Event [Member] | Securities Purchase Agreement [Member]
IfrsStatementLineItems [Line Items]
Debt conversion price		$ 1.6378
Gross proceeds		$ 2,500
Debt principal smount		4,290
Loans payable		$ 2,574
Discount rate		40%
Investor owned percentage		4.99%