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Taxes on Income
 12 Months Ended
Dec. 31, 2024
Taxes on Income [Abstract]  
TAXES ON INCOME

NOTE 16 - TAXES ON INCOME:

 

A.Taxes on income:

 

The Israeli corporate tax rate was 23% in 2024 and 2023.

 

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.

 

Carryforward tax losses of the Company as of December 31, 2024, amounted to approximately $29,000; however, a full valuation allowance of $8,000 was recorded against the potential future tax benefits.

 

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

  

   December 31,
2024		   December 31,
2023		 
Deferred tax assets:        
Net operating loss carryforward   6,739    5,519 
Accrued expenses   97    80 
R&D temporary differences   1,218    1,335 
Fund raising costs 2023   35    70 
Operating lease liability   8    8 
Total deferred tax assets   8,097    7,012 
Valuation allowance   (8,097)   (7,012)
Deferred tax liabilities:          
Total deferred tax liabilities   -    - 
Net deferred taxes   -    - 

  

C.Theoretical tax:

 

   Year ended
December 31,
2024		   Year ended
December 31,
2023		   Year ended
December 31,
2022		 
             
Loss before taxation   (11,053)   (11,286)   (14,976)
Theoretical tax credit at applicable statutory rate: 23%   (2,542)   (2,596)   (3,444)
Non-allowable expenses   (391)   (244)   (1,026)
Temporary differences and tax losses for which no Deferred Tax Asset is recognized   (2,151)   (2,352)   (2,418)
Income tax benefit   -    -    -