CONVERTIBLE NOTES (Tables)

12 Months Ended

Dec. 31, 2023

SCHEDULE OF WARRANT USING ASSUMPTIONS

The following are the data and assumptions used:

Warrants A
Dividend yield	0	%
Risk-free interest rate	0.96	%
Expected term (years)	2.5
Volatility	159.70	%
Share price (U.S. dollars)	0.025
Exercise price (U.S. dollars)	0.05
Fair value of the warrants (U.S. dollars in thousands)	119

Warrants B
Dividend yield	0	%
Risk-free interest rate	1.18	%
Expected term (years)	3.5
Volatility	159.70	%
Share price (U.S. dollars)	0.025
Exercise price (U.S. dollars)	0.05
Fair value of the warrants (U.S. dollars in thousands)	136

The following are the data and assumptions used as of July 15, 2022:

Warrants A
Dividend yield	0	%
Risk-free interest rate	3.13	%
Expected term (years)	2
Volatility	153.1	%
Share price (U.S. dollars)	0.012
Exercise price (U.S. dollars)	0.05
Fair value of the warrants (U.S. dollars in thousands)	50

Warrants B
Dividend yield	0	%
Risk-free interest rate	3.14	%
Expected term (years)	3
Volatility	148.6	%
Share price (U.S. dollars)	0.012
Exercise price (U.S. dollars)	0.05
Fair value of the warrants (U.S. dollars in thousands)	64

SCHEDULE OF FAIR VALUE OF DEBT

Based on the above, the fair value proportion allocation as of January 5, 2022 was as follows:

	January 5, 2022 (US dollars in thousands)
Conversion Component	$	48
Warrants		100
Convertible Notes		32
Total	$	180

Based on the above, the fair value proportion allocation as of July 15, 2022 was as follows:

	July 15, 2022 (US dollars in thousands)
Conversion Component	$	4
Warrants		55
Convertible Notes		41
Total	$	100

Scenario One [Member]

SCHEDULE OF FAIR VALUE OF CONVERTIBLE FEATURE USING VALUATION ASSUMPTIONS

	January 5, 2022
Dividend yield (%)		0	%
Risk-free interest rate (%)		0.65	%
Expected term (years)		1.57
Volatility		154.86	%
Share price (U.S. dollars)		0.025
Exercise price (U.S. dollars)		0.05
Fair value of the conversion feature (U.S. dollars in thousands)		56

	July 15, 2022
Dividend yield		0	%
Risk-free interest rate		3.12	%
Expected term (years)		1
Volatility		146.4	%
Share price (U.S. dollars)		0.012
Exercise price (U.S. dollars)		0.05
Fair value of the conversion feature (U.S. dollars in thousands)		6

	January 30, 2023
Dividend yield (%)		0	%
Risk-free interest rate (%)		4.56	%
Expected term (years)		1.33
Volatility		123.5	%
Share price (U.S. dollars)		0.044
Exercise price (U.S. dollars)		0.05

 

	December 31, 2022
Dividend yield		0	%
Risk-free interest rate		4.74	%
Expected term (years)		0.83
Volatility		147.71	%
Share price (U.S. dollars)		0.038
Exercise price (U.S. dollars)		0.05
Fair value of the conversion feature (U.S. dollars in thousands)		694

 

	December 31, 2023
Dividend yield		0	%
Risk-free interest rate		5.26	%
Expected term (years)		1
Volatility		117.2	%
Share price (U.S. dollars)		0.02
Exercise price (U.S. dollars)		0.05
Fair value of the conversion feature (U.S. dollars in thousands)		198
Weighted fair value based on scenario probability (U.S. dollars in thousands)		40

 

Scenario Two [Member]

SCHEDULE OF FAIR VALUE OF CONVERTIBLE FEATURE USING VALUATION ASSUMPTIONS

	January 5, 2022
Dividend yield (%)		0	%
Risk-free interest rate (%)		0.40	%
Expected term (years)		0.99
Volatility		158	%
Share price (U.S. dollars)		0.025
Exercise price (U.S. dollars)		0.05
Fair value of the conversion feature U.S. dollars in thousands)		40

	July 15, 2022
Dividend yield		0	%
Risk-free interest rate		2.86	%
Expected term (years)		0.46
Volatility		125.9	%
Share price (U.S. dollars)		0.012
Exercise price (U.S. dollars)		0.05
Fair value of the conversion feature (U.S. dollars in thousands)		1

 

	December 31, 2022
Dividend yield		0	%
Risk-free interest rate		4.69	%
Expected term (years)		0.16
Volatility		166.9	%
Share price (U.S. dollars)		0.038
Exercise price (U.S. dollars)		0.05
Fair value of the conversion feature (U.S. dollars in thousands)		260