Annual report pursuant to Section 13 and 15(d)

Investment in Affiliated Companies, Net - Schedule of Investment in Affiliated Company (Details)

v3.21.1
Investment in Affiliated Companies, Net - Schedule of Investment in Affiliated Company (Details) - USD ($)
$ in Thousands
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
Investments, All Other Investments [Abstract]      
Investment in affiliated company, net [1] $ (448) $ 1,345
Non-current loans [2] 448  
Total Investment in affiliated company, net $ 745  
[1] The investment in affiliated company as follows: Investment in Affiliated Company As of the Closing Date $ 1,345 Less amortization of In-Process Research and Development asset (1,345) Less accumulated net losses (448) As of December 31, 2019 (448). As of December 31, 2020, Accumulated net losses - Revaluation of investment in affiliated company at fair value - Amortization of In-Process Research and Development asset.
[2] As part of the Joint Venture Agreement, during the years ended December 31, 2020 and 2019, the Company provided Breakthrough with an interest-free loan with no maturity date in total amount of $___ and $448, respectively. Following the reduction of the investment in affiliated company to zero amount, the Company recognized additional losses to other investments (non-current loans) based on the seniority of such other investments and the percentage ownership interest applicable for such other investment.