Balance Sheet

v3.20.2
Balance Sheets - USD ($)
Dec. 31, 2019
Dec. 31, 2018
Current assets:    
Cash and cash equivalents $ 12,155 $ 63,550
Restricted cash 5,275 9,343
Other current assets 8,799 32,990
Total current assets 26,229 105,883
Non-current assets:    
Investment in affiliated company accounted for under equity method, net [1]
Property and equipment, net 64,672 93,242
Total non-current assets 64,672 93,242
Total assets 90,901 199,125
Current liabilities:    
Loans, net 112,635 27,000
Accounts payable 414,460 163,174
Other current liabilities 799,625 211,435
Loans from shareholders 611,925
Liability for minimum royalties 235,000 185,000
Total current liabilities 1,561,720 1,198,534
Non-current liabilities:    
Convertible bridge loans, net 3,427,207
Loans from shareholders 310,477
Liability for minimum royalties 188,000 188,000
Derivative warrants liability, net 752,309 28,525
Other current liabilities 100,000
Total non-current liabilities 4,777,993 216,525
Commitments and contingent liabilities  
Shareholders' deficit:    
Ordinary Shares of NIS 0.01 par value each: Authorized: 1,000,000,000 shares at December 31, 2019 and 2018; Issued and outstanding: 103,573,795 shares and 72,399,932 shares at December 31, 2019 and 2018, respectively 279,747 190,679
Additional paid-in capital 10,979,309 4,286,740
Accumulated deficit (17,507,868) (5,693,353)
Total shareholders' deficit (6,248,812) (1,215,934)
Total liabilities and shareholders' deficit $ 90,901 $ 199,125
[1] Representing an amount less than $1,000.

Source