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Transactions and Balances with Related Parties
 6 Months Ended 12 Months Ended
Jun. 30, 2023
Dec. 31, 2022
Transactions and Balances with Related Parties [Abstract]    
TRANSACTIONS AND BALANCES WITH RELATED PARTIES

NOTE 6:- TRANSACTIONS AND BALANCES WITH RELATED PARTIES

 

  a.

Mr. Oz Adler, the Company’s Chief Executive Officer and Chief Financial Officer, is the chairman of the board of directors of Jeffs’ Brands Ltd. (“Jeffs’ Brands”) (see Note 11).

 

  b.

On March 7, 2022, the Company entered into the Cooperation Agreement with Clearmind Medicine Inc. (“Clearmind”), a company in which Dr. Adi Zuloff-Shani, the Company’s Chief Technologies Officer, Mr. Weiss, the Company’s President, and Mr. Adler, the Company’s Chief Executive Officer and Chief Financial Officer, serve as officers and directors.

 

During the year ended December 31, 2022, the Company recognized expenses in respect of the Cooperation Agreement with Clearmind in the amount of $208, and the balance owed to Clearmind as of December 31, 2022, was $55.

 

On November 17, 2022, the Company invested $1,500 thousand in Clearmind in connection with its initial public offering on the Nasdaq Capital Market, in exchange for 230,769 common shares of Clearmind, representing 9.33% of the outstanding share capital of Clearmind.

 

  c. Mr. Amitai Weiss, our chairman of the board of directors, is the chairman of the board of directors of AutoMax (see Note 5).
NOTE 24:- TRANSACTIONS AND BALANCES WITH RELATED PARTIES

 

  a. Balances with related parties:

 

   December 31,
2022		   December 31,
2021		 
   Key
management
personnel		   Other
related
parties		   Key
management
personnel		   Other
related
parties		 
Current liabilities  $        70   $       55   $       447   $       - 

 

  b. Transactions with related parties (not including amounts described in Note 24c):

 

   Year ended December 31, 
   2022   2021   2020 
Research and development expenses  $208   $
-
   $
-
 

 

  c. Benefits to key management personnel (including directors):

 

   Year ended December 31, 
   2022   2021   2020 
Short-term benefits  $1,940   $962   $746 
                
Cost of share-based payment  $779   $43   $91 

 

  d.

Mr. Oz Adler, our Chief Executive Officer and Chief Financial Officer, is the chairman of the board of directors of Jeffs’ Brands.

 

  e.

On March 7, 2022, we entered into the Cooperation Agreement with Clearmind, a company in which Dr. Adi Zuloff-Shani, our Chief Technologies Officer, Mr. Weiss, our President, and Mr. Adler, our Chief Executive Officer and Chief Financial Officer serve as officers and directors.

 

During the year ended December 31, 2022, the Company recognized expenses in respect of the Cooperation Agreement with Clearmind in the amount of $208, and the balance owed to Clearmind as of December 31, 2022, was $55.

 

On November 17, 2022, we invested $1.5 million in Clearmind in connection with its initial public offering on the Nasdaq Capital Market, in exchange for 230,769 common shares of Clearmind, representing 9.33% of the outstanding share capital of Clearmind (see also note 8).