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Income Tax (Tables) | 12 Months Ended
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Dec. 31, 2020
Income Tax Disclosure [Abstract] |
Schedule of Income Tax Expenses |
| B. | The following is reconciliation between the theoretical tax on pre-tax income, at the tax rate applicable to the Company (federal tax rate) and the tax expense reported in the financial statements:
|  | Year ended December 31 |
|  | 2020 |  |  | 2019 |
Pretax loss |  |  | 1,593,139 |  |  |  | 1,971,417 |
Federal tax rate |  |  | 21 | % |  |  | 21 | %
Income tax computed at the ordinary tax rate |  |  | 334,559 |  |  |  | 413,998 |
Non-deductible expenses |  |  | (63,565 | ) |  |  | (2,278 | )
Stock-based compensation |  |  | (109,772 | ) |  |  | (93,970 | )
Tax in respect of differences in corporate tax rates |  |  | 13,480 |  |  |  | 26,688 |
Losses and timing differences in respect of which no deferred taxes were generated |  |  | (174,702 | ) |  |  | (344,438 | )
|  |  | - |  |  |  | - |
Schedule of Deferred Tax Assets and Liabilities |
| C. | Deferred taxes result primarily from temporary differences in the recognition of certain revenue and expense items for financial and income tax reporting purposes. Significant components of the Company’s future tax assets are as follows:
|  | Year ended December 31 |
|  | 2020 |  |  | 2019 |
Composition of deferred tax assets: |  |  |  |  |  |  |  |
Provision for employee related obligation |  |  | 31,627 |  |  |  | 29,353 |
Non capital loss carry forwards |  |  | 2,350,367 |  |  |  | 2,171,821 |
Valuation allowance |  |  | (2,381,994 | ) |  |  | (2,201,174 | )
|  |  | - |  |  |  | - |

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- Definition Tabular disclosure of the components of income tax expense attributable to continuing operations for each year presented including, but not limited to: current tax expense (benefit), deferred tax expense (benefit), investment tax credits, government grants, the benefits of operating loss carryforwards, tax expense that results from allocating certain tax benefits either directly to contributed capital or to reduce goodwill or other noncurrent intangible assets of an acquired entity, adjustments of a deferred tax liability or asset for enacted changes in tax laws or rates or a change in the tax status of the entity, and adjustments of the beginning-of-the-year balances of a valuation allowance because of a change in circumstances that causes a change in judgment about the realizability of the related deferred tax asset in future years. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 9 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32639-109319 + Details
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- Definition Tabular disclosure of the components of net deferred tax asset or liability recognized in an entity's statement of financial position, including the following: the total of all deferred tax liabilities, the total of all deferred tax assets, the total valuation allowance recognized for deferred tax assets. + References Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef -Publisher FASB -Name Accounting Standards Codification -Topic 740 -SubTopic 10 -Section 50 -Paragraph 2 -URI http://asc.fasb.org/extlink&oid=84230637&loc=d3e32537-109319 + Details
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