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Financial Instruments and Financial Risk Management (Tables) | 12 Months Ended
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Dec. 31, 2023
Financial Instruments and Financial Risk Management [Abstract] |
Schedule of Analyzes Non-Derivative Financial Liabilities | Derivative financial liabilities are included in the analysis if their contractual maturities are essential for an understanding of the timing of the cash flows.
|  | Less than one year |  |  | Between one to two years |  |  | More than two years |
|  | U.S. dollars in thousands |
December 31, 2023: |  |  |  |  |  |  |  |  |
Lease liabilities |  |  | 370 |  |  |  | 303 |  |  |  | 220 |
Long-term loans |  |  | 290 |  |  |  | 782 |  |  |  | 20 |
Accounts payable and accruals |  |  | 2,808 |  |  |  | - |  |  |  | - |
|  |  | 3,468 |  |  |  | 1,085 |  |  |  | 240 |
December 31, 2022: |  |  |  |  |  |  |  |  |  |  |  |
Lease liabilities |  |  | 204 |  |  |  | 13 |  |  |  | - |
Short-term bank loans |  |  | 1,606 |  |  |  | - |  |  |  | - |
Long-term loans |  |  | 617 |  |  |  | 540 |  |  |  | 66 |
Accounts payable and accruals |  |  | 4,517 |  |  |  | - |  |  |  | - |
|  |  | 6,944 |  |  |  | 553 |  |  |  | 66 |
Schedule of Changes in Level 3 Financial Liabilities | The following table presents the changes in level 3 financial liabilities for each of the three years in the period ended December 31, 2023:
|  | Derivative financial instruments |
Balance as of January 1, 2023 |  |  | 26 |
Initial recognition of financial liability |  |  | 1,197 |
Classification of financial liability to equity |  |  | (1,116 | )
Changes within profit or loss |  |  | 2 |
Balance as of December 31, 2023 |  |  | 109 |
|  | Derivative financial instruments |
Balance as of January 1, 2022 |  |  | 488 |
Changes within profit or loss |  |  | (462 | )
Balance as of December 31, 2022 |  |  | 26 |
|  | Contingent consideration |  |  | Derivative financial instruments |  |  | Total |
Balance as of January 1, 2021 |  |  | 1,599 |  |  |  | 1,448 |  |  |  | 3,047 |
Payment of contingent consideration |  |  | (915 | ) |  |  | - |  |  |  | (915 | )
Changes within profit or loss |  |  | (684 | ) |  |  | (960 | ) |  |  | (1,644 | )
Balance as of December 31, 2021 |  |  | - |  |  |  | 488 |  |  |  | 488 |
Schedule of Financial Instruments | Financial assets
|  | Financial assets measured at fair value |  |  | Financial assets at amortized cost |  |  | Total |
|  | U.S. dollars in thousands |
December 31, 2023 |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | - |  |  |  | 10,872 |  |  |  | 10,872 |
Accounts receivable (excluding prepaid expenses) |  |  | - |  |  |  | 2,194 |  |  |  | 2,194 |
Long-term restricted deposits |  |  | - |  |  |  | 3 |  |  |  | 3 |
Long-term deposits |  |  | - |  |  |  | 104 |  |  |  | 104 |
Equity securities |  |  | 82 |  |  |  | - |  |  |  | 82 |
|  |  | 82 |  |  |  | 13,173 |  |  |  | 13,255 |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Cash and cash equivalents |  |  | - |  |  |  | 3,290 |  |  |  | 3,290 |
Accounts receivable (excluding prepaid expenses) |  |  | - |  |  |  | 2,236 |  |  |  | 2,236 |
Short-term restricted deposits |  |  | - |  |  |  | 560 |  |  |  | 560 |
Long-term restricted deposits |  |  | - |  |  |  | 127 |  |  |  | 127 |
Long-term deposits |  |  | - |  |  |  | 21 |  |  |  | 21 |
|  |  | - |  |  |  | 6,234 |  |  |  | 6,234 |
Financial liabilities
|  | Financial liabilities measured at fair value |  |  | Financial liabilities at amortized cost |  |  | Total |
|  | U.S. dollars in thousands |
December 31, 2023 |  |  |  |  |  |  |  |  |
Lease liabilities |  |  | - |  |  |  | 893 |  |  |  | 893 |
Accounts payable and accruals |  |  | - |  |  |  | 2,808 |  |  |  | 2,808 |
Long-term loans |  |  | - |  |  |  | 1,092 |  |  |  | 1,092 |
Derivative financial instruments |  |  | 109 |  |  |  | - |  |  |  | 109 |
|  |  | 109 |  |  |  | 4,793 |  |  |  | 4,902 |
December 31, 2022 |  |  |  |  |  |  |  |  |  |  |  |
Lease liabilities |  |  | - |  |  |  | 217 |  |  |  | 217 |
Accounts payable and accruals |  |  | - |  |  |  | 4,517 |  |  |  | 4,517 |
Short-term bank loans |  |  | - |  |  |  | 1,606 |  |  |  | 1,606 |
Long-term loans |  |  | - |  |  |  | 1,223 |  |  |  | 1,223 |
Derivative financial instruments |  |  | 26 |  |  |  | - |  |  |  | 26 |
|  |  | 26 |  |  |  | 7,563 |  |  |  | 7,589 |
Schedule of Fair Value of Derivative Financial Instruments | The Company used the Binomial model to evaluate the fair value of derivative financial instruments related to warrants previously granted to investors as of December 31, 2023 and 2022, using the following principal assumptions:
|  | Year ended December 31 |
|  | 2023 |  |  | 2022 |
Risk-free interest rate |  |  | 5.32 | % |  |  | 4.59 | %
Expected term (in years) |  |  | 0.43 |  |  |  | 1.43 |
Expected volatility |  |  | 91 | % |  |  | 69.28 | %
The Company also used the Black-Scholes model to evaluate the fair value of derivative financial instruments related to several warrants previously granted to investors as of December 31, 2023 and 2022, using the following principal assumptions:
|  |  | Year ended December 31 |
|  |  | 2023 |  |  |  | 2022 |
Risk-free interest rate |  |  | 4.01%-4.92% |  |  |  | 4.11%-4.73% |
Expected term (in years) |  |  | 0.86-2.99 |  |  |  | 0.92-3.99 |
Expected volatility |  |  | 81.07%-94.33% |  |  |  | 69.93%-98.87% |

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