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Stockholders' Equity
 6 Months Ended
Jun. 30, 2020
Equity [Abstract]  
STOCKHOLDERS' EQUITY
NOTE 4:- STOCKHOLDERS' EQUITY

 

  a. The Common Stock confers upon their holders the right to participate and vote in general shareholder meetings of the Company and to share in the distribution of dividends, if any, declared by the Company, and rights to receive a distribution of assets upon liquidation.
     
  b. Concurrently with the completion of the Bonus Agreements, the Company issued the Series B Preferred Stock. For more information, see Note 5 below.

  

  c. On January 9, 2020, the Company entered into the Bonus Agreements and the Series B Purchase Agreement (as such terms are defined in Note 5 below), whereby, at the closing of both transactions, which occurred on February 19, 2020, (i) the Company sold 37% of future revenues (if any) from its LO2A Proceeds to Bonus, an Israeli company whose ordinary shares are traded on the Tel Aviv Stock Exchange ("TASE"), and invested cash amount of $7,400 in Bonus (of which $3,700 are held in trust) and (ii) in consideration therefor, Bonus issued to Wize new ordinary shares of Bonus in a number equal to $16,400 divided by a purchase price per share of NIS 0.50 (approximately $0.12). The fair value of Bonus ordinary shares based on a quote of the share price on January 9, 2020, the date of signing the Bonus Agreements was $0.12 and, as of the date of the closing was $0.11.