EQUITY (Tables)

9 Months Ended

Sep. 30, 2024

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

SCHEDULE OF STOCK WARRANTS OUTSTANDING TO PURCHASE COMMON STOCK

As of September 30, 2024, the Company had the following outstanding warrants to purchase common stock:

			Exercise Price		Number of
	Issuance	Expiration	Per Share		Underlying
Warrant	Date	Date	($)		Common Stocks
March 2021 Warrants	March 29, 2021	March 31, 2026		10.35		2,469,156
March 2023 Warrants	March 27, 2023	March 26, 2026		5.50		3,294,117
						5,763,273

SCHEDULE OF FAIR VALUE OF OPTIONS ESTIMATED ASSUMPTIONS

The fair value of each option was estimated as of the date of grant or reporting period using the Black-Scholes option-pricing model, using the following assumptions:

	Nine months ended
	September 30, 2024
Underlying value of ordinary shares ($)		5.55-5.70
Exercise price ($)		4.5-4.8
Expected volatility (%)		101	%
Term of the options (years)		7
Risk-free interest rate		3.51%-4.23	%

SCHEDULE OF STOCK OPTION ACTIVITY

The following table summarizes stock option activity for the nine months ended September 30, 2024:

	For the
	Nine months ended
	September 30, 2024
				Weighted
				average
	Number of			exercise
	Options			price
					$
Outstanding at beginning of period		2,455,069			3.46
Granted		760,500			4.76
Forfeited		(23,335	)		3
Outstanding at end of period		3,192,234			3.77
Vested at end of period		1,573,336			3.47

SCHEDULE OF STOCK-BASED PAYMENT EXPENSE

The following table sets forth the total stock-based payment expenses resulting from options and RSUs granted, included in the statements of operation and comprehensive income:

	Nine months ended September 30,				Three months ended September 30,
	2024		2023		2024		2023
	Unaudited
	USD in thousands
Cost of revenues		23		11		6		6
Research and development		402		323		177		58
Sales and marketing expenses		151		83		56		21
General and administrative		924		639		298		286
Total expenses		1,500		1,056		537		371

Restricted Stock [Member]

Share-Based Compensation Arrangement by Share-Based Payment Award [Line Items]

SCHEDULE OF STOCK OPTION ACTIVITY

The following table summarizes RSU activity for the nine months ended September 30, 2024:

	For the
	Nine months ended
	September 30, 2024
				Weighted Average
	Number of			Grant Date Fair Value
	RSUs			per Share
					$
Outstanding at beginning of period		39,585			4.08
Granted		-			-
Forfeited		-			-
Vested		(19,165	)		4.34
Unvested and Outstanding at end of period		20,420			3.84