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Share-Based Payment in a Consolidated Subsidiary | 12 Months Ended
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Dec. 31, 2023
Share-Based Payment in a Consolidated Subsidiary [Abstract] |
SHARE-BASED PAYMENT IN A CONSOLIDATED SUBSIDIARY | NOTE 17 – SHARE-BASED PAYMENT IN A CONSOLIDATED SUBSIDIARY On January 1, 2023, the Company granted 957,345 options to its employees and officers with an exercise price of $1.265- $2.79 per option. The options are exercisable to shares in a 1:1 ratio. The option will vest over a period of 3 years. On January 9, 2023, the Company granted 24,662 options to its employees with an exercise price of $1.37 per option. The options are exercisable to shares in a 1:1 ratio. The option will vest over a period of three years. The fair value of the aforesaid options was estimated on their award date at $5,381, with the assistance of an independent external appraiser, using the Black-Scholes pricing model. Set forth below are the parameters used in determining the fair value of the options:
The Company share price ($) (*) |  |  | 6.8 |  |  |
Exercise price (in $) |  |  | 2.79 - 1.27 |  |  | See above.
Expected volatility in the Company’s share price |  |  | 49.4% - 39.9% |  |  |
Expected life of the warrants (in years) |  |  | 8 – 5 |  |  |
Risk-free interest |  |  | 3.86% - 4.29% |  |  |
Expected dividend yield |  |  | - |  |  |
| (*) | The Company’s share price is determined based on The Company’s value as appraised by the appraiser as of the award date, while using the discounted cash flow method, and at a discount rate of 18%.
Set forth below are the movements in options awarded to Company employees and officers in the reporting years:
|  | For the year ended December 31, |
|  | 2023 |  |  | 2022 |
|  | No. of options |  |  | Weighted Average Exercise Price |  |  | No. of options |  |  | Weighted Average Exercise Price |
Outstanding at beginning of year |  |  | 114,645 |  |  |  | 3.73 |  |  |  | 124,408 |  |  |  | 3.55 |
Granted during the year |  |  | 982,007 |  |  |  | 1.76 |  |  |  | - |  |  |  | - |
Expired and/or forfeited during the year |  |  | - |  |  |  | - |  |  |  | (9,762 | ) |  |  | 1.42 |
Outstanding at ending of year |  |  | 1,096,652 |  |  |  | 1.97 |  |  |  | 114,645 |  |  |  | 3.73 |
Exercisable at the end of the year |  |  | 543,688 |  |  |  | 2.01 |  |  |  | 114,645 |  |  |  | 3.73 |

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- Definition The entire disclosure for share-based payment arrangements. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 2 -IssueDate 2023-01-01 -Paragraph 44 -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=2&code=ifrs-tx-2023-en-r&anchor=para_44&doctype=Standard -URIDate 2023-03-23 + Details
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