Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Financing (Income) Expenses, Net

v3.20.2
Financing (Income) Expenses, Net
12 Months Ended
Dec. 31, 2019
Banking and Thrift, Interest [Abstract]  
Financing (Income) Expenses, Net

NOTE 15 - FINANCING (INCOME) EXPENSES, NET

 

    Year ended December 31  
    2019     2018     2017  
                   
Change in fair value of warrants liability and fair value of warrants expired (Note 8)   $ 499,874     $ (925,910 )   $ 1,101,229  
Inducement related to warrants exercised (Note 8)     -       -       (166,500 )
Change in fair value of convertible bridge loans following to Maturity Date (Note 7)     2,321,867       -       -  
Loss from extinguishment of loans from shareholders (Note 6)     1,423,493       -       -  
Direct and incremental issuance costs allocated to First Warrant (Note 7)     22,109       -       -  
Amortization of discounts and accrued interest on convertible bridge loans (prior to Maturity Date) (Note 7)     958,741       -       -  
Change in liability to minimum royalties (Note 9B)     50,000       50,000       -  
Exchange rate differences and other finance income (expenses)     57,414       (45,427 )     (70,029 )
Financing (income) expenses, net   $ 5,333,498     $ 921,337     $ 1,337,758