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COMMON STOCK AND WARRANTS WITH-DOWN ROUND PROTECTION (Tables)
12 Months Ended
Dec. 31, 2021
Equity [Abstract]  
SCHEDULE OF FAIR VALUE ASSUMPTIONS

 

Fair value calculations – Warrant  31-Dec-20 
Dividend yield (%)   - 
Expected volatility (%)   56.32 
Risk free interest rate (%)   2.5 
Expected term of options (years)   5 
Exercise price (US dollars)   5.2 
Share price (US dollars)   5.2 
Fair value (US dollars)   2.6 
SCHEDULE OF STOCK GRANTS ACTIVITY

 

Grants to Employees  Number   Weighted average exercise price (US$) 
Balance outstanding as of December 31,2019   156,007   $63.44 
Balance exercisable of December 31,2019   132,630   $60.19 
Granted during 2020   -   $- 
Forfeited during 2020   (25,770)  $58.63 
Balance outstanding as of December 31,2020   130,237   $64.35 
Balance exercisable of December 31,2020   128,296    64.48 
Granted during 2021   577,064    5.20 
Forfeited during 2021   (98,177)   64.64 
Balance outstanding as of December 31,2021   609,124    8.10 
Balance exercisable of December 31,2021   39,223    46.41 
SCHEDULE OF STOCK GRANTS, BY EXERCISE PRICE RANGE

The following tables summarize information about options outstanding at December 31, 2021:

 

Exercise

price (US$)

   Outstanding at December 31, 2021   Exercisable at December 31, 2021   Weighted average remaining contractual life (years) 
              
 5.2    579,004    9,103    2.75 
 58.5    26,274    26,274    5.18 
 100.75    3,846    3,846    5.26 
      609,124    39,223      
SCHEDULE OF ASSUMPTIONS USED TO VALUE OPTIONS

 

Fair value calculations - Warrant   December 31, 2021  
Dividend yield (%)     -  
Expected volatility (%)     49.21  
Risk free interest rate (%)     2.5  
Expected term of options (years)     3  
Exercise price (US dollars)     5.2  
Share price (US dollars)     3.1-4.65  
Fair value (US dollars)     0.6-1.48