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Share Based Payment (Tables)
 12 Months Ended
Dec. 31, 2018
Share Based Payment  
Schedule of company's grants under the Plan

Date of grant  Options amount   Exercise price   Fair value at the date of grant   Volatility   Risk free interest   Expected term 
       NIS / $   in thousand $           In years 
January 18, 2016   443,4601 2   0.3985 $    1,002    59.22%   3.08%   10 
August 28, 2016   779,296    5.137 NIS    607    59.22%   1.62%   10 
August 28, 2016   50,000    5.137 NIS    26    59.22%   0.96%   3 
September 15, 2016   171,4083   4.887 NIS    102    59.22%   1.99%   10 
March 29, 2017   747,8964   6.371-6.588 NIS    655    47.40%   2.31%   10 
July 24, 2017   641,744    6.976 NIS    784    68.07%   2.05%   10 
August 8, 2017   100,000    7.50 NIS    85    68.03%   1.95%   0.5 
August 29, 2017   500,000    5.655 NIS    473    68.17%   1.81%   10 
November 27, 2017   305,008    4.30 NIS    163    65.80%   1.98%   10 
June 20, 2018   670,048    1.49-2.97 NIS    130    75.50%   2.24%   10 
June 20, 2018   230,000    1.43 NIS    72    75.30%   2.24%   10 

 

* The early exercise multiple used in the valuations for grants during 2016, 2017 and 2018 is 2.5 for each offeree

 

** Volatility until March 29, 2017 grant is based on volatility data of share price of software companies for periods matching the expected term of the option until exercise. As of July 24, 2017 grant, Volatility is based on volatility data of the traded share price of the Company.

 

 
1Originally 1,178,000 were granted by Safe-T, and then were replaced with 443,460 options of the Company
2Outofwhich 143,322 options were granted to the CEO and 12,799 options to an employee, who is a relative of the Chairman of the Board of Directors
3Outofwhich 131,840 options granted to the Company’s CEO, 28,240 options granted to a member of the Company’s Board of Directors and 11,328 options granted to an employee, who is a relative of the Chairman of the Board of Directors.
4Outofwhich 100,000 options were granted to the Company’s CEO at an exercise price of 6.588 NIS and approved by the Company’s shareholders on August 8, 2017.
Schedule of share options outstanding and weighted average exercise prices

   2018   2017   2016 
   Number   Average   Number   Average   Number   Average 
   of   exercise   of   Exercise   of   Exercise 
   options   price   options   Price   options   Price 
       $       $       $ 
Outstanding at beginning of year:   4,055,260    1.26    2,384,909    0.84    1,099,240    0.49 
Granted   900,048    0.46    2,194,648    1.70    1,444,164    1.07 
Exercised   (179,257)   0.57    (159,648)   0.51    (4,235)   0.40 
Forfeited   (955,356)   1.23    (351,810)   1.52    (78,734)   0.51 
Expired   (348,148)   1.13    (12,839)   1.12    (75,526)   0.46 
Outstanding at end of year   3,472,547    1.11    4,055,260    1.26    2,384,909    0.84 
Exercisable at end of year   1,879,377    0.89    1,552,660    0.74    1,061,645    0.55 
Schedule of information about exercise price and remaining contractual life of options outstanding

   

2018

  

2017

   2016 
        Weighted       Weighted       Weighted 
    Number   average   Number   average   Number   average 
    outstanding   remaining   outstanding   remaining   outstanding   remaining 
Exercise   at   contractual   at   contractual   at   contractual 
Prices   end of year   Life   end of year   Life   end of year   Life 
$       Years       Years       Years 
 0.40    295,392    5.39    336,802    6.32    382,475    7.23 
 0.40    322,783    6.25    341,606    7.25    351,606    8.26 
 0.40    261,634    7.05    372,310    8.05    407,698    9.05 
 0.41    370,016    9.48    -    -    -    - 
 0.41    200,000    9.48    -    -    -    - 
 0.61    18,823    6.01    162,694    7.01    248,458    8.01 
 0.82    100,000    9.48    -    -    -    - 
 1.22    270,000    8.91    305,008    9.91    -    - 
 1.24    431,408    7.66    -    -    -    - 
 1.24    155,561    7.71    -    -    -    - 
 1.24    322,896    8.24    -    -    -    - 
 1.24    230,016    8.56    -    -    -    - 
 1.24    100,000    8.32    -    -    -    - 
 1.24    150,000    8.66    -    -    -    - 
 1.28    -    -    162,912    8.71    171,408    9.71 
 1.37    3,393    7.66    614,288    8.66    773,264    9.66 
 1.58    50,000    8.66    450,000    9.67    -    - 
 1.73    50,000    0.66    50,000    1.66    50,000    2.66 
 1.76    28,125    8.25    547,896    9.25    -    - 
 1.83    -    -    100,000    9.32    -    - 
 1.94    112,500    8.56    611,744    9.57    -    - 
      3,472,547         4,055,260         2,384,909      
Schedule of expenses recognized in the financial statements

   Year ended December 31, 
   2018   2017   2016 
   U.S. dollars in thousands 
Share-based payment plans   381    1,318    1,818