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SHARE CAPITAL (Tables)
12 Months Ended
Dec. 31, 2021
SHARE CAPITAL  
Schedule of Options and Restricted Stocks Granted

No. of options or

Fair value

restricted stock

Exercise

Vesting

at grant (U.S. dollars

Expiration

Year of grant

granted

price

period

in thousands)

period

2019

160,000

$

4.69

4 years

$

449

10 years

2019

80,000

$

2.00

4 years

$

97

10 years

2020

196,995

$

3.59

4 years

$

482

10 years

2020

760,311

$

3.66

4 years

$

1,893

10 years

2020

129,771

$

3.73

4 years

$

329

10 years

2020

694,073

$

n/a

4 years

$

2,492

10 years

2020

122,656

$

3.59

4 years

$

299

10 years

2021

50,000

$

1.57

4 years

$

55

10 years

Summary of Stock Option Activity

Year ended December 31, 2021

    

    

Weighted

Number

average

of

exercise

options

price

Outstanding at beginning of year

 

2,087,275

$

5.66

Changes during the year:

 

  

 

  

Granted

 

50,000

 

1.57

Forfeited and expired

 

318,255

 

11.00

Outstanding at end of year

 

1,819,020

$

4.61

Exercisable at end of year

 

961,940

$

5.47

Summary of Restricted Stock Activity

Year Ended December 31, 2021

Number of Restricted Stock

Outstanding at beginning of year

624,580

Changes during the year:

Vested

166,553

Non vested at end of year

458,027

Summary of Options Granted to Consultants, Directors, and Other Service Providers

Year ended December 31, 2021

Weighted

Number

average

of

exercise

options

price

Outstanding at beginning of year

 

464,375

$

3.74

Changes during the year:

 

  

 

  

      Expired

 

24,375

 

5.60

Outstanding at end of year

 

440,000

 

3.63

Exercisable at end of year

 

192,500

$

3.63

Summary of Share Options Outstanding and Exercisable

December 31, 2021

Options outstanding

Options exercisable

    

Number of

    

Weighted

    

    

Weighted

options 

average

average

outstanding

remaining

Number of

remaining

Exercise

at end of

contractual

options

contractual

prices

year

life

exercisable*

life

$1.57

50,000

9.57

3,125

9.57

$2.00

 

80,000

 

7.73

 

45,000

 

7.73

$3.55

200,000

8.06

87,500

8.06

$3.59

319,651

8.51

112,203

8.50

$3.66

641,718

7.71

280,835

6.74

$3.70

240,000

8.10

105,000

8.10

$3.73

129,771

8.52

40,553

8.52

$4.69

 

160,000

 

7.50

 

100,000

 

7.50

$5.10

 

215,030

 

5.69

 

181,749

 

5.50

$5.60

 

130,000

 

6.71

 

105,625

 

6.71

$17.20

 

92,850

 

2.93

 

92,850

 

2.93

 

2,259,020

 

1,154,440

Schedule of Stock-Based Compensation Expense in Statement of Operations

Year ended December 31, 

(U.S. dollars in thousands)

    

2019

    

2020

    

2021

Cost of goods sold

$

269

Research and development expenses

$

513

$

1,036

648

Selling, general and administrative expenses

 

322

 

2,090

 

1,458

$

835

$

3,126

$

2,375