Annual report pursuant to Section 13 and 15(d)

Investment in Affiliatd Companies, Net (Tables)

Investment in Affiliatd Companies, Net (Tables)
12 Months Ended
Dec. 31, 2020
Investments, All Other Investments [Abstract]  
Summary of Observable Inputs Used in Valuation of Option Transaction Asset
    As of
Closing Date
Share price (U.S. dollars)   $ 5,385  
Exercise price (U.S. dollars)   $ 5,423  
Expected volatility     137.2 %
Risk-free interest rate     2.44 %
Dividend yield     -  
Expected term (years)     0.16  

Schedule of Investment in Affiliated Company

The following tabular presentation reflects the Investment in affiliated company:


    As of December 31,  
    2020     2019  
Investment in affiliated company, net (A)   $ -     $     (448 )
Non-current loans (B)     -       448  
Total Investment in affiliated company, net   $         -     $ -  


  (A) The investment in affiliated company as follows:


    Investment in Affiliated Company  
As of the Closing Date   $ 1,345  
In-Process Research and Development asset expensed as incurred     (1,345 )
Accumulated net losses     (448 )
As of December 31, 2019   $ (448 )
Revaluation of investment in affiliated company to its fair value upon obtaining control     1,623  
Amount classified to the cost of subsidiary in acquisition achieved in stages upon obtaining control     (1,623 )
As of December 31, 2020   $ -  

Schedule of Paid in Investment

At the closing date the purchase price that was paid in investment in CATK is as follows:


 Funding Commitment (*)   $ 1,550  
 Fair value of shares upon achieving Performance Milestone     250  
 Direct costs incurred (**)     100  
 Contingent Consideration (***)     1,050  
 Total consideration   $ 2,950  


  (*) An amount of $911 out of the Funding commitment was wired through December 31, 2020.
  (**) Number of 2,164,502 shares of common stock have been issued as a finder fee in connection with the agreement (see also note 14B3).
  (***) Was determined by the management by using the assistance of third-party appraiser. As the Company’s obligation under such Contingent Consideration provision represent a potential liability to issue a fixed number of its common stock, the obligation was classified within shareholders’ deficit.