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NATURE OF OPERATIONS AND BASIS OF PRESENTATION (Tables)
12 Months Ended
Dec. 31, 2022
Organization, Consolidation and Presentation of Financial Statements [Abstract]  
SCHEDULE OF RECONCILIATION OF THE ORDINARY SHARES

The following table provides a reconciliation of the ordinary shares as of December 31, 2022:

 

FAHL existing shares at closing date   120,000,000 
FAHL existing shares at closing date - converted   20,555,595 
      
Issuance of ordinary shares upon exercise of warrants   1,887,464 
Ordinary shares issued in PIPE   1,320,195 
Conversion of convertible bonds to ordinary shares   1,248,426 
Consideration and accrued interest paid to selling shareholder in ordinary shares   1,550,000 
Conversion of shareholder loans to ordinary shares   1,445,164 
Total Recapitalization   7,451,249 
Ordinary shares issued upon exercise of warrants   38,780 
Share-based compensation   13,200 
Settlement of forward share purchase agreement derivative liability   (1,179,722)
Total ordinary shares outstanding as of December 31, 2022   26,879,102 

SCHEDULE OF BUSINESS COMBINATION

The following table provides a summary of the significant sources and uses of cash related to the closing of the Business Combination on June 9, 2022:

 

 SCHEDULE OF BUSINESS COMBINATION

      
Cash acquired in merger and recapitalization  $13,966 
Proceeds from forward share purchase agreements   6,719 
Proceeds from convertible bonds issued   11,000 
Transactions costs   (3,104)
 Total  $28,581