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Share Capital (Tables) | 12 Months Ended
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Dec. 31, 2021
Stockholders' Equity Note [Abstract] |
Summary of the effect of share-based compensation on the statements of operations | (2)The expenses that were recognized in the consolidated statements of operations for services received from employees and service providers are as follows:
|  | Year ended |  |  | Year ended |
|  | December 31, |  |  | December 31, |
|  | 2021 |  |  | 2020 |
|  | USD thousands |  |  | USD thousands |
Research and development |  |  | 137 |  |  |  | 84 |
General and administrative |  |  | 1,882 |  |  |  | 46 |
Total share-based compensation expenses |  |  | 2,019 |  |  |  | 130 |
Summary of number and weighted average exercise prices of option | (3)The number and weighted average exercise price of options are as follows:
|  | Weighted average exercise price |  |  | Number of options |  |  | Weighted average remaining contractual life (in years) |  |  | Weighted average exercise price |  |  | Number of options |  |  | Weighted average remaining contractual life (in years) |
|  | 2021 |  |  | 2021 |  |  | 2021 |  |  | 2020 |  |  | 2020 |  |  | 2020 |
Outstanding at January 1 |  |  | 0.07 |  |  |  | 10,455,580 |  |  |  | 7.8 |  |  |  | 0.07 |  |  |  | 8,072,704 |  |  |  | 8.09 |
Acquired in Merger |  |  |  |  |  |  | 609,535 |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Exercise |  |  | 0.08 |  |  |  | (134,220 | ) |  |  | - |  |  |  | - |  |  |  | - |  |  |  | - |
Forfeited |  |  | 1.25 |  |  |  | (1,712,275 | ) |  |  | - |  |  |  | 0.07 |  |  |  | (10,804 | ) |  |  | - |
Granted |  |  | 0.62 |  |  |  | 17,784,640 |  |  |  | 9.79 |  |  |  | 0.08 |  |  |  | 2,393,680 |  |  |  | 9.77 |
Outstanding at December 31 |  |  | 0.38 |  |  |  | 27,003,260 |  |  |  | 8.12 |  |  |  | 0.07 |  |  |  | 10,455,580 |  |  |  | 7.8 |
Summary of assumptions used to calculate the fair value of the options | The fair value of the options is measured at the grant date using the Black-Scholes Option pricing model and the assumptions used to calculate the fair value of the options are as follows:
|  |  | 2021 grants |
Weighted average share price (in U.S. dollar)(a) |  |  |  | 9.44-27.26 |
Exercise price (in U.S. dollar) |  |  |  | 9.44-27.26 |
Expected life of options (in years)(b) |  |  |  | 5.73-6.28 |
Expected volatility(c) |  |  |  | 65.93%-70.88% |
Risk-free interest rate(d) |  |  |  | 1.36%-1.64% |
Dividend yield |  |  |  | 0% |

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- Definition Tabular disclosure of cost recognized for award under share-based payment arrangement by plan. Includes, but is not limited to, related tax benefit. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (h)(1) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the significant assumptions used during the year to estimate the fair value of stock options, including, but not limited to: (a) expected term of share options and similar instruments, (b) expected volatility of the entity's shares, (c) expected dividends, (d) risk-free rate(s), and (e) discount for post-vesting restrictions. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 718 -SubTopic 10 -Section 50 -Paragraph 2 -Subparagraph (f)(2) -URI http://asc.fasb.org/extlink&oid=120381028&loc=d3e5070-113901 + Details
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- Definition Tabular disclosure of the change in stock options. + References No definition available. + Details
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