Quarterly report pursuant to Section 13 or 15(d)

TAXES ON INCOME (Tables)

v3.22.2.2
TAXES ON INCOME (Tables)
9 Months Ended
Sep. 30, 2022
Income Tax Disclosure [Abstract]  
SCHEDULE OF DEFERRED TAX ASSETS

 

    2022     2021  
   

As of

September 30,

 
    2022     2021  
Composition of deferred tax assets:   Unaudited     Unaudited  
Net operating loss carry-forward   $ 8,817     $ 6,330  
Research and development credits     -       1,879  
Allowance for Bad Debt     -       90  
Others     -       -  
Net deferred tax asset before deferred tax liabilities and valuation allowance     8,817       8,299  
                 
Composition of deferred tax liabilities:                
Intangible assets upon acquisition of subsidiary     (315 )     (315 )
Depreciation costs     (120 )     (128 )
Net deferred tax asset before valuation allowance     8,383       7,856  
                 
Valuation allowance     (8,067 )     7,541  
Net deferred tax assets     (315 )     (315 )
SCHEDULE OF RECONCILE THE STATUTORY INCOME TAX RATE TO EFFECTIVE INCOME TAX RATE

 

    2022     2021  
    Nine months ended September 30,  
    2022     2021  
    Unaudited     Unaudited  
             
Tax rate     23 %     23 %
                 
Tax expense (benefit) at statutory rate   $ (4,640 )   $ (5,646 )
Tax rate differential     53       31  
Permanent differences with respect to stock-based compensation     630       146  
Permanent differences with respect to derivative warrants liabilities, bifurcated conversion feature and convertible loans     1,334       3,605  
Loss carryforwards and others     2,623       1,864  
Income tax expense (benefit)   $ -     $ -