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Basic and Diluted Loss per Share | 9 Months Ended
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Sep. 30, 2023
Basic and Diluted Loss Per Share [Abstract] |
BASIC AND DILUTED LOSS PER SHARE | NOTE 12 – BASIC AND DILUTED LOSS PER SHARE (*): Basic net loss per share is computed using the weighted average number of shares of common stock and pre-funded warrants and fully vested RSUs outstanding during the period, net of treasury shares. In computing diluted loss per share, basic loss per share is adjusted to take into account the potential dilution that could occur upon: (i) the exercise of options and non-vested RSUs granted under employee stock compensation plans, and the exercise of warrants using the treasury stock method; and (ii) the conversion of the convertible redeemable preferred stock, and convertible loan using the “if-converted” method, by adding to net loss the change in the fair value of the convertible loan, net of tax benefits, and by adding the weighted average number of shares issuable upon assumed conversion of these instruments. For further details on the effects on the instruments described below, please see note 2 above. Options to purchase 90,377 and 94,018 shares of common stock at an average exercise price of $3.94 and $4.53 per share were outstanding as of September 30, 2023, and September 30, 2022, respectively, but were not included in the computation of diluted EPS because to do so would have had antidilutive effect on the basic loss per share. RSU’s to purchase 72,945 shares of common stock at an average grant date fair value of $11.1 per share were outstanding as of September 30, 2023, but were not included in the computation of diluted EPS because to do so would have had antidilutive effect on the basic loss per share. Warrants convertible into 1,047,589 and 7,736 of the Company’s common stock were outstanding as of September 30, 2023, and 2022 but were not included in the computation of diluted EPS because to do so would have had an antidilutive effect on the basic loss per share. The following table sets forth the computation of basic and diluted net loss per share attributable to common shareholders :
|  | Three months ended September 30, |  |  | Nine months ended September 30, |
|  | 2023 |  |  | 2022 |  |  | 2023 |  |  | 2022 |
Numerator: |  |  |  |  |  |  |  |  |  |  |  |
Net loss |  | $ | (867 | ) |  | $ | (2,207 | ) |  | $ | (4,355 | ) |  | $ | (8,500 | )
Denominator: |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Common shares outstanding used in computing net loss per share attributable to common shareholders |  |  | 2,370,486 |  |  |  | 1,731,753 |  |  |  | 1,986,178 |  |  |  | 968,721 |
Pre-Funded warrants to purchase common shares |  |  | 304,250 |  |  |  | - |  |  |  | 262,712 |  |  |  | - |
Fully vested RSUs outstanding used in computing net loss per share attributable to common shareholders |  |  | 10,890 |  |  |  | - |  |  |  | 5,345 |  |  |  | - |
Weighted average number of shares used in computing basic and diluted net loss per share attributable to common shareholders |  |  | 2,685,626 |  |  |  | 1,731,753 |  |  |  | 2,254,235 |  |  |  | 968,721 |
Net loss per share attributable to common shareholders – basic and diluted |  | $ | (0.32 | ) |  | $ | (*) (1.27 | ) |  | $ | (*) (1.93 | ) |  | $ | (*) (8.77 | )
| (*) | Adjusted to reflect April 2023 reverse stock split, see note 3(f).

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