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SUMMARY OF SIGNIFICANT ACCOUNTING POLICIES AND BASIS OF PRESENTATION (Tables)
6 Months Ended
Jun. 30, 2022
Accounting Policies [Abstract]  
SCHEDULE OF FINANCIAL ASSETS AND LIABILITIES MEASURED AT FAIR VALUE ON A RECURRING BASIS

The Company’s financial assets and liabilities that are measured at fair value on a recurring basis by level within the fair value hierarchy are as follows:

 

   Balance as of June 30, 2022 
   Level 1   Level 2   Level 3   Total 
   US$ in thousands 
Liabilities:                
Fair value of convertible component in convertible notes    -      -    82    82 
Total liabilities   -    -    82    82 
SCHEDULE OF CHANGES IN FAIR VALUE OF LIABILITIES

The following table presents the changes in fair value of the level 3 liabilities for the period ended June 30, 2022:

 

  

Changes in

Fair value

 
   US$ in thousands 
Liabilities:     
Outstanding at December 31, 2021   - 
Initial recognition of convertible component as part of modification in note terms   162 
Initial recognition of convertible component as part of convertible notes issued   48 
Changes in fair value   187 
Outstanding at March 31, 2022   397 
Changes in fair value   (315)
Outstanding at June 30, 2022   82