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

Financing Agreement (Tables)

v3.19.1
Financing Agreement (Tables)
 12 Months Ended
Dec. 31, 2018
Alpha and Meitav Dash and Amisagi [Member]  
Financial Agreement [Line Items]  
Schedule of financial agreement models

The following table presents the assumptions that were used for the models as of December 31, 2017:

 

    Alpha     Meitav Dash and Ami Sagi*  
             
Probability     5 %     5 %
                 
Expected volatility     64.35 %     65.64 %
Risk free interest rate     0.185 %     0.187 %
Expected term (years)     2       2  

 

The following table presents the assumptions that were used for the models as of December 31, 2018:

 

    Alpha     Meitav Dash and Ami Sagi*  
             
Probability     5 %     5 %
                 
Expected volatility     57.33 %     53.31 %
Risk free interest rate     0.47 %     0.55 %
Expected term (years)     0.82       0.99  
Debenture [Member]  
Financial Agreement [Line Items]  
Schedule of financial agreement models

    First
closing		     Second closing  
    Debenture     Debenture  
Fair value of shares of common stock - NIS     0.43       0.43  
Expected volatility     64.56 %     61.29 %
Discount on lack of marketability     20.4 %     20.2 %
Risk free interest rate     0.17 %     0.19 %
Expected term (years)     1.82       2  
Expected dividend yield     0 %     0 %
Warrants [Member]  
Financial Agreement [Line Items]  
Schedule of financial agreement models

    Warrants  
Fair value of Warrant– NIS     0.0955  
Expected volatility     63.79 %
Risk free interest rate     1.47 %
Expected term (years)     4.33  
Expected dividend yield     0 %