Quarterly report pursuant to Section 13 or 15(d)

TAXES ON INCOME (Tables)

v3.22.1
TAXES ON INCOME (Tables)
3 Months Ended
Mar. 31, 2022
Income Tax Disclosure [Abstract]  
SCHEDULE OF DEFERRED TAX ASSETS

 

         
   

As of

March 31,

 
    2022  
  Unaudited  
Composition of deferred tax assets:      
Net operating loss carry-forward   $ 6,747  
Research and development credits     -  
Allowance for Bad Debt        
Others     -  
Net deferred tax asset before deferred tax liabilities and valuation allowance     6,747  
         
Composition of deferred tax liabilities:        
Intangible assets upon acquisition of subsidiary     284  
Depreciation costs     197  
Net deferred tax asset before valuation allowance     6,266  
         
Valuation allowance     (6,550 )
Net deferred tax liability     (284 )
SCHEDULE OF RECONCILE THE STATUTORY INCOME TAX RATE TO EFFECTIVE INCOME TAX RATE

 

       
    Three months ended
March 31,
 
    2022  
    Unaudited  
       
Tax rate     23 %
         
Tax expense (benefit) at statutory rate   $ (1,579 )
Tax rate differential     25  
Permanent differences with respect to stock-based compensation     359  
Permanent differences with respect to derivative warrants liabilities, bifurcated conversion feature and convertible loans     613  
Others        
Loss carryforwards and others     582  
Income tax expense (benefit)   $ -