XML 54 R21.htm IDEA: XBRL DOCUMENT v3.24.1
Taxes on Income
 12 Months Ended
Dec. 31, 2023
Taxes on Income [Abstract]  
TAXES ON INCOME

NOTE 14 - TAXES ON INCOME:

 

A.Taxes on income:

 

The Israeli corporate tax rate was 23% in 2023 and 2022.

 

B.Net operating losses carry forwards:

 

Carryforward tax losses of the Company as of December 31, 2023, amounted to approximately $24,000; however, a full valuation allowance of $7,000 was recorded against the potential future tax benefits.

 

The deferred tax assets and liabilities are composed of the following:

 

   December 31,
2023		   December 31,
2022		 
Deferred tax assets:        
Net operating loss carryforward   5,519    3,324 
Accrued expenses   80    66 
R&D capitalization   1,335    1,005 
Fund raising costs 2021   
-
    275 
Fund raising costs 2023   70    
-
 
Operating lease liability   8    
-
 
Total deferred tax assets   7,012    4,670 
Valuation allowance   (7,012)   (4,670 
Deferred tax liabilities:          
Total deferred tax liabilities   
-
    
-
 
Net deferred taxes   
-
    
-
 

  

C.Theoretical tax:

 

   Year ended
December 31,
2023		   Year ended
December 31,
2022		   Year ended
December 31,
2021		 
             
Loss before taxation   (11,286)   (14,976)   (17,193)
Theoretical tax credit at applicable statutory rate: 23%   (2,596)   (3,444)   (3,954)
Non-allowable expenses   (244)   (1,026)   (1,527)
Temporary differences and tax losses for which no Deferred Tax Asset is recognized   (2,352)   (2,418)   (2,427)
Income tax benefit   
-
    
-
    
-