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Income Taxes (Tables)

12 Months Ended

Dec. 31, 2021

Income Tax Disclosure [Abstract]

Schedule of Significant Components of the Company's Deferred Tax Asset

In respect of:

		December 31,				December 31,
		2021				2020
		USD thousands				USD thousands
Net operating loss carry-forwards			33,396				4,874
Share-based compensation expense			1,147				57
Research and development costs			1,449				1,244
Other			38				25
Gross deferred tax assets			36,030				6,200
Less - Valuation allowance			(36,030	)			(6,200)
Net deferred tax assets			-				-

Schedule of Roll Forward of Valuation Allowance

E.Roll forward of valuation allowance

Balance at January 1, 2020		$	4,248
Currency transaction loss			583
Income tax expense			1,369
Balance at December 31, 2020		$	6,200
Currency transaction loss			2,425
Tax assets acquired through merger			24,535
Income tax expense			2,870
Balance at December 31, 2021		$	36,030

Schedule of Reconciliation of Theoretical Income Tax Expense to Actual Income Tax Expense

A reconciliation of the Company’s theoretical income tax expense to actual income tax expense is as follows:

		December 31,				December 31,
		2021				2020
		USD thousands				USD thousands
Loss before income taxes			(12,478	)			(5,951	)
Statutory tax rate			23	%			23	%
Theoretical tax benefit			(2,870	)			(1,369	)
Losses and other items for which a valuation allowance was provided or benefit from loss carryforwards			2,870				1,369
Actual income tax expense			-				-

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- References

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- Definition

Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32537-109319

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- Definition

Tabular disclosure of the reconciliation using percentage or dollar amounts of the reported amount of income tax expense attributable to continuing operations for the year to the amount of income tax expense that would result from applying domestic federal statutory tax rates to pretax income from continuing operations.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 12
-URI http://asc.fasb.org/extlink&oid=121826272&loc=d3e32687-109319

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- Definition

Tabular disclosure of valuation allowances to reduce deferred tax assets to net realizable value, including identification of the deferred tax asset more likely than not will not be fully realized and the corresponding amount of the valuation allowance.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Publisher FASB
-Name Accounting Standards Codification
-Topic 740
-SubTopic 10
-Section 50
-Paragraph 2
-Subparagraph (c)
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