Share Capital, Reserves and Retained Earnings

12 Months Ended

Dec. 31, 2021

Share Capital Reserves And Retained Earnings [Abstract]

SHARE CAPITAL, RESERVES AND RETAINED EARNINGS

NOTE 13: SHARE CAPITAL, RESERVES AND RETAINED EARNINGS

a. The Company’s Ordinary shares of NIS 0.1 are traded on the TASE. The Company’s ADSs are listed for trading on the Nasdaq Capital Market in the U.S. The share price was NIS 0.086 (USD 0.0277) as of December 31, 2021.

Ordinary shares confer upon their holders voting rights and right to participate in the shareholders’ meeting, right to receive dividends and the right to participate in the excess of assets upon liquidation of the Company.

b. On August 3, 2017, the Company held its Annual General Meeting of Shareholders, pursuant to which, inter alia, it was decided to increase the Company’s authorized share capital from 700,000,000 Ordinary Shares to 1,450,000,000 Ordinary Shares.