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

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No. of options or

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Fair value

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restricted stock

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Exercise

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Vesting

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at grant (U.S. dollars

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Expiration

Year of grant

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granted

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price

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period

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in thousands)

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period

2019

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160,000

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$

4.69

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4 years

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$

449

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10 years

2019

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80,000

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$

2.00

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4 years

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$

97

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10 years

2020

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196,995

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$

3.59

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4 years

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$

482

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10 years

2020

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760,311

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$

3.66

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4 years

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$

1,893

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10 years

2020

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129,771

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$

3.73

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4 years

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$

329

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10 years

2020

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694,073

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$

n/a

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4 years

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$

2,492

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10 years

2020

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122,656

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$

3.59

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4 years

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$

299

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10 years

2021

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50,000

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$

1.57

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4 years

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$

55

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10 years

Summary of Stock Option Activity

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Year ended December 31, 2021

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Weighted

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Number

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average

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of

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exercise

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options

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price

Outstanding at beginning of year

 

2,087,275

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$

5.66

Changes during the year:

 

  

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Granted

 

50,000

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1.57

Forfeited and expired

 

318,255

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11.00

Outstanding at end of year

 

1,819,020

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$

4.61

Exercisable at end of year

 

961,940

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$

5.47

Summary of Restricted Stock Activity

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Year Ended December 31, 2021

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Number of Restricted Stock

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Outstanding at beginning of year

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624,580

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Changes during the year:

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Vested

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166,553

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Non vested at end of year

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458,027

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

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Year ended December 31, 2021

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Weighted

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Number

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average

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of

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exercise

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options

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price

Outstanding at beginning of year

 

464,375

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$

3.74

Changes during the year:

 

  

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      Expired

 

24,375

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5.60

Outstanding at end of year

 

440,000

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3.63

Exercisable at end of year

 

192,500

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$

3.63

Summary of Share Options Outstanding and Exercisable

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December 31, 2021

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Options outstanding

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Options exercisable

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Number of

    

Weighted

    

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Weighted

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options 

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average

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average

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outstanding

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remaining

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Number of

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remaining

Exercise

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at end of

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contractual

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options

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contractual

prices

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year

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life

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exercisable*

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life

$1.57

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50,000

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9.57

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3,125

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9.57

$2.00

 

80,000

 

7.73

 

45,000

 

7.73

$3.55

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200,000

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8.06

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87,500

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8.06

$3.59

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319,651

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8.51

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112,203

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8.50

$3.66

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641,718

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7.71

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280,835

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6.74

$3.70

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240,000

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8.10

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105,000

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8.10

$3.73

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129,771

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8.52

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40,553

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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

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2,259,020

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1,154,440

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Schedule of Stock-Based Compensation Expense in Statement of Operations

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Year ended December 31, 

(U.S. dollars in thousands)

    

2019

    

2020

    

2021

Cost of goods sold

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$

269

Research and development expenses

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$

513

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$

1,036

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648

Selling, general and administrative expenses

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322

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2,090

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1,458

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$

835

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$

3,126

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$

2,375