FINANCIAL INSTRUMENTS AND FINANCIAL RISK MANAGEMENT (Tables)

12 Months Ended

Dec. 31, 2022

Disclosure of detailed information about financial instruments [abstract]

Schedule of Sensitivity Analysis

	December 31, 2022
	Income (loss)						Value on			Income (loss)
Sensitive instrument	10% increase			5% increase			balance sheet			5% decrease			10% decrease
	in USD thousands
NIS-linked balances:
Cash and cash equivalents		(416	)		(218	)		4,573			241			508
Other receivables		(66	)		(34	)		721			38			80
Trade payables		38			20			(416	)		(22	)		(46	)
Other payables		114			60			(1,257	)		(66	)		(140	)
Total NIS-linked balances		(330	)		(172	)		3,621			191			402
Euro-linked trade payables		(144	)		(76	)		(1,590	)		84			177
Total		(474	)		(248	)		2,031			275			579

 

	December 31, 2021
	Income (loss)						Value on			Income (loss)
Sensitive instrument	10% increase			5% increase			balance sheet			5% decrease			10% decrease
	in USD thousands
NIS-linked balances:
Cash and cash equivalents		(427	)		(224	)		4,699			522			247
Other receivables		(13	)		(7	)		142			16			7
Trade payables		40			21			(442	)		(49	)		(23	)
Other payables		102			53			(1,119	)		(124	)		(59	)
Total NIS-linked balances		(298	)		(157	)		3,280			365			172
Euro-linked trade payables		(158	)		(83	)		(1,230	)		193			92
Total		(456	)		(240	)		2,050			558			264

Schedule of Concentration of Currency Risk

	Exchange rate of NIS per $1			Exchange rate of Euro per $1
As of December 31:
2020		3.215			0.815
2021		3.110			0.884
2022		3.519			0.938
Percentage increase (decrease) in the exchange rate:
2021		(3.3	)%		8.5	%
2022		13.2	%		6.1	%

Schedule of Linkage of Monetary Items

	December 31, 2021							December 31, 2022
	Dollar		NIS		Other currencies				Dollar		NIS		Other Currencies
	USD in thousands								USD in thousands
Assets:
Current assets:
Cash and cash equivalents		7,223		4,699		1,068				5,685		4,573		329
Short term bank deposits		44,145		-		-				40,495		-		-
Other receivables		-		142		-				-		721		-
		51,368		4,841		1,068				46,180		5,294		329
Liabilities:
Current liabilities:
Current maturities of long-term loans		2,757		-		-				1,542		-		-
Accounts payable and accruals:
Trade		2,700		442		2,425				4,359		416		2,191
Other		108		1,119						487		1,257		-
Non-current liabilities
Long-term loans, net of current maturities		-		-		-				8,626		-		-
		5,565		1,561		2,425				15,014		1,673		2,191
Net balance		45,803		3,280		(1,357	)			31,166		3,621		(1,862	)

Schedule of Credit Risk

	December 31,
	2021		2022
	in USD thousands
Assets:
Cash and cash equivalents		12,990		10,587
Short-term bank deposits		44,145		40,495
Other receivables		142		721
Total		57,277		51,803

Schedule of Changes in Financial Liabilities With Cash Flows Included in Financing Activities

	Long-term loans			Warrants			Total
	in USD thousands
Balance as of January 1, 2021		5,832			10,218			16,050
Changes during the year 2021:
Principal and interest payments		(3,814	)		-			(3,376	)
Share premium resulting from exercise of warrants					(10,295	)		(10,295	)
Amounts recognized through profit and loss		739			1,936			2,237
Balance as of December 31, 2021		2,757			1,859			4,616
Changes during the year 2022:
Net proceeds of loan		9,126			9,075			18,201
Principal and interest payments		(3,177	)		-			(2,832	)
Amounts recognized through profit and loss		1,462			(6,425	)		(5,308	)
Balance as of December 31, 2022		10,168			4,509			14,677

Schedule of Fair Value Measurement of Warrants

	Warrants
	in USD thousands
Balance as of January 1, 2020		658
Changes during 2020:
Issuances		5,669
Exercises		(1,251	)
Changes in fair value through profit and loss		5,142
Balance as of December 31, 2020		10,218
Changes during 2021:
Issuances		-
Exercises		(10,295	)
Changes in fair value through profit and loss		1,936
Balance as of December 31, 2021		1,859
Changes during 2022:
Issuances		9,075
Exercises		-
Changes in fair value through profit and loss		(6,425	)
Balance as of December 31, 2022		4,509