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Shareholders' Equity (Tables)
12 Months Ended
Dec. 31, 2021
Stockholders' Equity Note [Abstract]  
Schedule of status of the 2011 share incentive plan
   Years Ended December 31, 
   2 0 2 1   2 0 2 0   2 0 1 9  
   Number   Weighted average exercise price   Number   Weighted average exercise price   Number   Weighted average exercise price 
                         
Options outstanding at the beginning of year   266,500   $0.003    352,000   $0.23    674,200   $1.460 
Changes during year:                              
Granted (a)   172,000   $0.003    64,000   $0.003    156,000   $0.003 
Exercised   (71,500)  $0.003    (89,500)  $0.003    (108,200)  $0.003 
Forfeited   (96,500)  $0.003    (56,000)  $1.233    (90,000)  $0.003 
Expired   (1,000)  $0.003    (4,000)  $2.688    (280,000)  $2.947 
Options outstanding at the end of year   269,500   $0.003    266,500   $0.003    352,000   $0.23 
                               
Options exercisable at the end of year   30,000   $0.003    23,000   $0.003    34,000   $1.49 
                               
Weighted average grant date fair value of options granted during the year (b)       $1.79        $1.32        $1.31 

 

(a)In the years ended December 31, 2021 and 2020 and 2019, the options were granted with an exercise price equal to par value of NIS 0.01 ($0.003).

 

(b)The fair value of each stock option granted is computed on the date of grant according to the Black-Scholes option pricing model with the following assumptions:

Schedule of stock option granted is computed on the date of grant according to the black-scholes option pricing model
   Years Ended December 31, 
   2 0 2 1   2 0 2 0   2 0 1 9 
             
Dividend yield   8.73%   10.3%   11%
Expected volatility*   34%   22%   25%
Average risk-free interest rate   0.81%   0.53%   1.86%
Expected average term - in years   3.88    3.88    3.88 

 

Schedule of information about options outstanding and exercisable
    Options Outstanding   Options Exercisable 
Range of exercise prices   Number
outstanding
at
December 31,
2021
   Weighted
average
remaining
contractual
life
   Weighted
average
exercise
price
   Number
exercisable
at
December 31,
2021
   Weighted
average
remaining
contractual
life
   Weighted
average
exercise
price
 
        Years           Years     
                                 
$0.003    269,500    3.41   $0.003    30,000    2.04   $0.003