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Financial Instruments (Tables)
 6 Months Ended 12 Months Ended
Jun. 30, 2024
Dec. 31, 2023
Financial Instruments [Abstract]    
Schedule of Financial Assets and Financial Liabilities

The financial assets and financial liabilities in the consolidated statements of financial position are classified by groups of financial instruments pursuant to IFRS 9, “Financial Instruments”:

 

       June 30,   December 31, 
       2024   2023   2023 
       Unaudited   Audited 
   Note   USD in thousands 
                 
Financial assets:                
Cash and cash equivalents       $316   $2,081   $2,141 
Short-term deposits       2,308    
-
    3,000 
Loans to related party        2,448    
-
    
-
 
Trade receivables        19    43    22 
Government authorities        74    100    62 
Other receivables        97    715    203 
Investments in financial assets        403    849    659 
                     
        $5,665   $3,788   $6,087 
                     
Financial liabilities:                    
Credit from others       $
-
   $
-
   $48 
Warrants liability        345    1,714    532 
Lease liability        64    
-
    76 
                     
Total financial and lease liabilities       $409   $1,714   $656 

The financial assets and financial liabilities in the consolidated statements of financial position are classified by groups of financial instruments pursuant to IFRS 9, “Financial Instruments” (“IFRS 9”):

 

   December 31, 
   2023   2022 
Financial assets:        
Cash and restricted deposits  $2,141   $3,634 
Short term deposits   3,000    
-
 
Government authorities   62    45 
Other receivables   203    46 
Investments in financial assets   659    591 
           
Total financial assets at amortized cost   6,065    4,316 
           
Financial liabilities:          
           
Credit from others   48    102 
Warrants liability   532    2,737 
Lease liability   76    27 
           
Total financial and lease liabilities  $656   $2,866 

The tables below are a comparison between the carrying amount and fair value of the Company’s financial instruments as of December 31, 2023, and 2022, which are presented in the financial statements not at fair value (other than those whose amortized cost is a reasonable approximation of fair values):

 

   Carrying amount Fair Value 
   December 31,   December 31, 2023 
   2023   Level 1   Level 2   Level 3 
Cash and restricted deposits  $2,141   $
-
   $
-
   $2,141 
Short term deposits   3,000    
-
    
-
    3,000 
Government authorities   62    
-
    
-
    62 
Other receivables   203    
-
    
-
    203 
Investments in financial assets   659   $
-
   $
-
   $659 
Total financial assets at amortized cost  $6,065   $
-
   $
-
   $6,065 
                     
Credit from others  $48   $
-
   $
-
   $48 
Warrants liability   532    
-
    
-
    532 
Lease liability   76    
-
    
-
    76 
Total financial and lease liabilities  $656   $
-
   $    $656

 

   Carrying amount   Fair Value 
   December 31,   December 31, 2023 
   2023   Level 1   Level 2   Level 3 
Cash and restricted deposits  $3,634   $
-
   $
         -
   $3,634 
Short term deposits   
-
    
-
    
-
    
-
 
Government authorities   45    
-
    
-
    45 
Other receivables   46    
-
    
-
    46 
Investments in financial assets   591   $
-
   $
-
   $591 
Total financial assets at amortized cost  $4,316   $
-
   $
-
   $4,316 
                     
Credit from others  $102   $
-
   $
-
   $102 
Warrants liability   2,737    
-
    
-
    2,737 
Lease liability   27    
-
    
-
    27 
Total financial and lease liabilities  $2,866   $
-
   $    $2,866
Schedule of Warrants Fair Value Using Black–Scholes OPM  

The warrants’ fair value was calculated using the Black–Scholes OPM, which takes into account the parameters as disclosed below for each period valuated, in which a valuation was performed at (i) the issuance date, and (ii) each reporting date with the following assumptions:

 

   December 31,
2023		   December 31,
2022		   March 23,
2020		 
Dividend yield (%)   0    0    0 
Expected volatility (%)   72    72    122.01 
Risk-free interest rate (%)   3.84    4.00    0.38 
Underlying Share Price ($)   4.88    19.66    11.18 
Exercise price ($)   637    637    637 
Warrants fair value ($)   0    0    0.36