Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Share Capital (Tables)

v3.22.1
Share Capital (Tables)
12 Months Ended
Dec. 31, 2021
Share Capital (Tables) [Line Items]  
Schedule of fair value of options granted to employees on the date of grant was computed using the Black-Scholes model
    Year ended December 31,  
    2021     2020     2019  
Value of one ordinary share   $ 11.9-20.37     $ 7.86-10.5      $ 5.7-5.93  
Dividend yield     0 %     0 %     0 %
Expected volatility     65.36-66.49 %     66.12-66.41 %     61.31-62.56 %
Risk-free interest rate     0.64-1.37 %     0.45-0.52 %     2 %
Expected term     6.11 years       6.11 years       4-5.5 years  

 

Schedule of outstanding and exercisable options
December 31, 2021  
Options outstanding     Options exercisable  
Exercise prices *     Number of
options
outstanding
at end of year
    Weighted
average
remaining
contractual Life
    Number of
options
exercisable
at end of year
    Weighted
average
remaining
contractual life
 
$        28.94                   6,666                    3.38                         1,329                 3.38  
  7.07       5,000       3.33       4,375       3.33  
  20.7       20,000       9.88       -       -  
  15.2       23,000       9.41       -       -  
  13.08       40,500       9.04       -       -  
  12.78       30,000       9.24       -       -  
  11.06       162,713       8.11       71,186       8.11  
  10.08       290,186       8.19       114,072       7.86  
  9.12       32,000       8.66       10,000       8.66  
  5.07       205,125       3.86       137,151       3.74  
$ 4.02       420,920       3.12       406,857       3.08  
          1,236,110               744,970          

 

Schedule of share-based compensation
    Year ended December 31  
    2021     2020     2019  
Cost of revenues   $ 78     $ 66     $
-
 
Research and development expenses     525       464       549  
General, administrative and marketing expenses     1,017       1,075       576  
    $ 1,620     $ 1,605     $ 1,125  
Option Granted to Employees [Member]  
Share Capital (Tables) [Line Items]  
Schedule of shares issued granted options
    Year ended December 31, 2021  
    Award
amount
    Exercise
price range
    Vesting
period
    Expiration  
Employees     96,500     $ 12.78-20.7       4 years       10 years  
Directors     23,000     $ 15.2       4 years       10 years  

 

    Year ended December 31, 2020  
    Award
amount
    Exercise
price range
    Vesting
period
    Expiration  
Employees     317,909     $ 10.08       4 years       10 years  
Directors     194,713     $ 9.12-11.06       4 years       10 years  

 

    Year ended December 31, 2019  
    Award
amount
    Exercise
price Range
    Vesting
period
    Expiration  
Employees     230,000     $ 5.07       4 years       7 years  
Directors     301,390     $ 4.02-5.07       4 years       7 years  

 

Schedule of changes in number of options granted
    2021   2020   2019  
    Number of
options
  Weighted
average
exercise
price
  Number of
options
  Weighted
average
exercise
price
  Number of
options
  Weighted
average
exercise
price*
 
Options outstanding at the beginning of the year     1,198,777   $ 6.88     721,361   $ 4.38     512,615   $ 15.09  
Granted     119,500     14.69     512,622     10.33     531,390     5.09  
Exercised     (66,037 )   4.54     (20,245 )   4.13     (6,076     1.30  
Expired    
-
   
-
   
-
   
-
    (11,891 )   23.83  
Forfeited     (31,546 )   9.47     (14,961 )   7.93     (304,677 )   5.84  
Options outstanding at the end of the year     1,220,694     7.71     1,198,777   $ 6.88     721,361   $ 4.38 *
Options exercisable at the end of the year     737,079   $ 5.9     477,611   $ 4.25     310,093   $ 4.02 *

 

Option Granted to Non-Employees [Member]  
Share Capital (Tables) [Line Items]  
Schedule of fair value of options granted to employees on the date of grant was computed using the Black-Scholes model
    2019  
Value of one ordinary share   $ 5.93  
Dividend yield     0 %
Expected volatility     62 %
Risk-free interest rate     2 %
Expected term     4 years  

 

Schedule of changes in number of options granted
    2021   2020   2019  
    Number of
options
  Weighted
average
exercise
price
  Number of
options
  Weighted
average
exercise
price
  Number of
options
  Weighted
average
exercise
price
 
Options outstanding at the beginning of the year     18,082   $ 17.97     23,664   $ 27.44     18,664   $ 33.44  
Granted    
-
   
-
   
-
   
-
    5,000     5.07  
Exercised    
-
   
-
    (1,250 )   5.07    
-
   
-
 
Expired     (2,666 )   64.61     (4,332 )   61.85    
-
   
-
 
Options outstanding at the end of the year     15,416   $ 16.04     18,082   $ 17.97     23,664   $ 27.44  
Options exercisable at the end of the year     7,891   $ 10.2     8,057   $ 18.42     10,202   $ 46.03