Commitments and Contingencies

12 Months Ended

Dec. 31, 2019

Commitments and Contingencies Disclosure [Abstract]

COMMITMENTS AND CONTINGENCIES

NOTE 10:- COMMITMENTS AND CONTINGENCIES

Agreements:

1. Starting November 22, 2018, the Company rents its offices from a third party for a rental monthly fee of $2. The rent period is for a period of 12 months with an option to extend the lease period for additional 12 months.

2. For the Company's engagement in a License Agreement to market a drug and amendment to such an agreement, see also Note 5 and 6 above.

3. On June 19, 2017 (the "Effective Date"), Wize Israel entered into a finder's fee agreement with a service provider (through his wholly owned company), who is also a director of the Company (the "Vendor"), pursuant to which the Vendor is entitle to receive a royalty rate of 5% on all of Wize Israel's revenues to the extent such revenues are earned from relationships initiated by the Vendor and agreed to by Wize Israel. The term of the agreement is for 12 months unless earlier terminated. Either party may terminate upon 21 days' notice. The service provider will be entitled to the finder fee of 5% even if the agreement will be terminated.   The Vendor introduced Wize Israel and the Company to the Chinese Distributor (see also Note 5). During the period commencing the Effective Date and ended December 31, 2019, the Vendor has not earned any royalties, and the Company has no obligation to pay any royalties.