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Convertible Loan | 12 Months Ended
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Dec. 31, 2023
Convertible Loan [Abstract] |
CONVERTIBLE LOAN | NOTE 10 - CONVERTIBLE LOAN: On March 28, 2017, the Company entered into a convertible loan agreement (the “CLA”) in an aggregate principal amount of up to $ 2,000. Loans under this agreement bear interest of 10% per annum. Following an amendment in March 2022, which was approved by the required majority of the CLA holders, the maturity date of the CLA was established to be the earlier of (i) January 1, 2023, (ii) event of default (as defined in the Agreement) or (iii) deemed liquidation event (as defined in the Company’s certificate of incorporation), in which the lenders are entitled to receive an amount equal to 300% of the principal amount of the loan. Upon the consummation of the IPO, the CLA was automatically converted into the Company’s common stock based on its contractual terms and conditions. For further information, see Note 14 below. The following is a roll forward of the fair values:
|  | Year ended December 31 |
|  | 2022 |
Fair value at the beginning of the year |  | $ | 4,905 |
Change in fair value reported in statement of comprehensive loss |  |  | 1,648 |
Conversion to the Company’s common stock |  |  | (6,553 | )
Fair value at the end of the period |  | $ | - |
The Company recorded Other financial expenses associated with the Convertible Loan during the year ended December 31, 2022, in the amount of $1,648.

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- Definition The entire disclosure for convertible loan. + References No definition available. + Details
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