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Short Term Loan Payable | 12 Months Ended
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Dec. 31, 2020
Debt Disclosure [Abstract] |
SHORT TERM LOAN PAYABLE |
NOTE 9:- | SHORT TERM LOAN PAYABLE
On July 15, 2020, OcuWize entered into a loan agreement with Bank Hapoalim (the “Bank”), whereby the Bank extended a loan in the principal amount of NIS 850 (approximately $247) (the “2020 Loan”), which is presented as a short term loan payable in the consolidated balance sheet. The 2020 Loan bears interest at an annual rate of 5.45%, which is paid in monthly payments. The 2020 Loan has a maturity date of January 15, 2021. In order to secure its obligations and performance pursuant to the 2020 Loan, OcuWize recorded a pledge in favor of the Bank and agreed that at all times, the value of all the assets in the OcuWize bank account will not be less than NIS 1,700 (approximately $496). In order to satisfy this requirement, the Company loaned to OcuWize a portion of the Bonus Shares held by it. The 2020 Loan including interest was fully paid on January 14, 2021.

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- Definition The entire disclosure for short-term debt. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 470 -URI http://asc.fasb.org/topic&trid=2208564 + Details
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