XML 58 R41.htm IDEA: XBRL DOCUMENT v3.25.1
Share Based Payment (Tables)
 12 Months Ended
Dec. 31, 2024
Share Based Payment [Abstract]  
Schedule of Share Option and RSUs Activity

The Company maintains a share-based payment plan for employees, directors and consultants (the “Plan”). According to the Plan, the Company can grant options and RSUs. The options and the RSUs vest over a period of up to four years, and the options’ term period is 7-10 years. Nevertheless, the Board of Directors is qualified to resolve on different vesting terms. Below is a summary of the Company’s share option and RSUs activity during the years 2024, 2023 and 2022:

 

Date of grant   Amount     Exercise
price ($) (*)		     Fair value
at the date
of grant
(U.S. dollars
in thousands)		     Volatility     Risk-free
interest rate		     Contractual
term
(in years)		  
2024                                    
Options                                    
January 1, 2024     100,000       0.00-0.43       63       0%-80.00 %     3.59 %     3-7  
March 13, 2024     45,012       0.00-1.09       59       0%-86.21 %     3.89 %     2-7  
July 16, 2024     100,000      
-
       287      
-
      
-
       5  
September 25, 2024     660,024      
-
       783      
-
      
-
       3-7  
      905,036                                          
RSUs                                                
January 1, 2024     50,000      
-
       39      
-
      
-
          
March 13, 2024     190,044      
-
       347      
-
      
-
          
July 16, 2024     55,020      
-
       158      
-
      
-
          
September 9, 2024     199,992      
-
       210      
-
      
-
          
September 25, 2024     1,750,152      
-
       2,078      
-
      
-
          
November 24, 2024     152,040      
-
       226      
-
      
-
          
      2,397,248                                          
2023                                                
Options                                                
April 20, 2023     100,000       0.20       10       79.84 %     4.14 %     2  
May 18, 2023     30,000       0.21       3       89.91 %     3.94 %     10  
November 27, 2023     1,343,748       0.00-0.43       414       91.46 %     4.17 %     7  
      1,473,748                                          
RSUs                                                
July 19, 2023     100,000      
-
       26      
-
      
-
          
September 13, 2023     650,000      
-
       209      
-
      
-
          
November 27, 2023     925,572      
-
       494      
-
      
-
          
      1,675,572                                          
2022                                                
Options                                                
March 13, 2022     84,000       0.66       59       93.01 %     2.08 %     10  
May 30, 2022     323,000       0.00-0.57       125       92.55 %     2.57 %     10  
August 31, 2022     228,000       0.47       63       91.14 %     2.97 %     10  
November 28, 2022     1,673,060       0.34       295       91.09 %     3.30 %     10  
December 19, 2022     1,020,000       0.41       116       90.78 %     3.37 %     10  
December 21, 2022     20,000       0.29       2       90.78 %     3.47 %     10  
      3,348,060                                          

 

(*)Translated from NIS based on the U.S. dollars/NIS exchange rate as of December 31, 2024.
Schedule of Share Options and RSUs Outstanding and their Related Weighted Average Exercise Prices

Movement in the number of share options and RSUs outstanding and their related weighted average exercise prices are as follows:

   2024   2023   2022 
   Number of
options		   Average
exercise
price ($)		   Number of
options		   Average
exercise
price ($)		   Number of
options		   Average
exercise
price ($)		 
Outstanding at beginning of year:   7,136,720    0.67    7,001,800    0.88    4,235,525    1.52 
Granted   905,036    0.06    1,473,748    0.34    3,348,060    0.40 
Exercised   (2,917,879)   1.23    (224,463)   0.10    (46,561)   
-
 
Forfeited   (262,845)   0.42    (768,269)   0.56    (277,196)   1.51 
Expired   (28,066)   0.67    (346,096)   1.08    (258,028)   4.52 
Outstanding at end of year   4,832,966    0.47    7,136,720    0.67    7,001,800    0.88 
Exercisable at end of year   2,548,439    0.66    3,605,391    1.09    2,087,181    1.31 
Schedule of RSUs

RSUs

 

    2024     2023  
    Number of
RSUs		     Number of
RSUs		  
Outstanding at beginning of year:     1,675,572      
-
  
Granted     2,397,248       1,675,572  
Vested     (508,898 )    
-
  
Forfeited     (279,180 )    
-
  
Outstanding at end of year     3,284,742       1,675,572  
Schedule of Exercise Price and the Remaining Contractual Life of Options Outstanding

The following table summarizes information about exercise price and the remaining contractual life of options outstanding at the end of 2024, 2023 and 2022:

 

   2024   2023   2022 
Exercise prices ($)  Number
outstanding
at end of
year		   Remaining
contractual
life
(in years)		   Number
outstanding
at end of
year		   Remaining
contractual
life
(in years)		   Number
outstanding
at end of
year		   Remaining
contractual
life
(in years)		 
0.00   1,059,009    1.20-6.73    972,728    0.15-6.91    589,668    0.15-9.42 
0.21-1.09   3,119,610    0.03-8.38    3,783,920    6.91-9.39    3,118,060    9.20-9.97 
1.23-1.77   654,347    0.25-6.65    2,380,072    0.65-7.72    3,294,072    0.59-8.65 
    4,832,966         7,136,720         7,001,800      
Schedule of Respect of Services Received from its Employees and Consultants

The costs which were recognized in the Company’s financial statements in respect of services received from its employees and consultants are presented in the table below:

 

   Year ended December 31 
   2024   2023   2022 
   U.S. dollar in thousands 
Share-based payment plans   2,017    933    1,679