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

Financing (Income) Expenses, Net

v3.20.1
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  
             
Change in fair value of warrants liability and fair value of warrants expired (Note 8)   $ 499,874     $ (925,910 )
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 )
Financing (income) expenses, net   $ 5,333,498     $ (921,337 )