Annual report pursuant to Section 13 and 15(d)

Loans, Net (Tables)

v3.21.1
Loans, Net (Tables)
 12 Months Ended
Dec. 31, 2020
Debt Disclosure [Abstract]  
Schedule of Reconciliation Straight Loans and Similar Instruments
C. The following tabular presentation reflects the reconciliation of the carrying amount of straight loans and similar instruments during the year ended December 31, 2020 and 2019:

 

   

As of

December 31,

  
    2020     2019  
 Opening balance   $ 113     $ -  
 Plus: Net consideration received (*)     2,035       1,469  
 Less: Debt issuance costs     -       (101 )
 Less: Fair value of detachable instruments accounted for as equity component or derivative liabilities     -       (531 )
 Less: Fair value of detachable instruments accounted for as equity component     (461 )        
 Plus: Amortization of discounts and accrued interest expenses     1,170       959  
 Less: Straight loans reclassified to convertible loans upon change of terms (*)     (1,185 )     (1,796 )
 Plus: Modification of terms of convertible bridge loans     -       113  
 Closing balance   $ 1,672     $ 113  

 

  (*) Including loans in net principal amount received in total amount of $697 that have been reclassified to convertible bridge loans in total amount of $992 upon default event in which the Company has not paid the net principal amount at the stated maturity date (see also Note 11C).