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Condensed Consolidated Interim Balance Sheets - USD ($)
Sep. 30, 2024
Dec. 31, 2023
Dec. 31, 2022
Current Assets      
Cash and cash equivalents $ 2,749,851 $ 4,447,003 $ 5,700,709
Restricted cash 23,130 31,171 50,062
Accounts receivable, net of allowance for doubtful account of $44,549 and $64,031 as of September 30, 2024 and December 31, 2023, respectively. 154,185 107,007 192,597
Inventory 50,914 121,513 81,706
Prepaid expenses 351,972 719,389 223,238
Other current assets 41,085 39,538 24,132
Total Current assets 3,371,137 5,465,621 6,272,444
Right-of-use asset arising from operating lease 17,318 56,568 121,855
Property and equipment, net 51,322 66,581 97,914
Long term prepaid expenses 153,008  
Investment in nonconsolidated affiliate (Note 3) 1,001,625 1,655,461
Long term loans (Note 4) 438,846  
Solar PV joint venture project (Note 4) 788,341  
Total assets 5,821,597 7,244,231 6,492,213
Current Liabilities      
Accounts payable 32,842 43,539 127,484
Other liabilities 484,592 734,933 587,365
Total current liabilities 517,434 778,472 714,849
Operating lease liabilities 1,330 7,181 40,023
Total liabilities 518,764 785,653 754,872
Stockholders’ Equity      
Common stock, $ 0.0001 par value (“Common Stock”): 495,000,000 shares authorized as of September 30, 2024 and December 31, 2023; issued and outstanding 9,580,515 and 2,955,490 shares as of September 30, 2024 and December 31, 2023, respectively. 958 296 [1] 69 [1]
Preferred stock, $ 0.0001 par value (“Preferred Stock”): 5,000,000 shares authorized as of September 30, 2024 and December 31, 2023; no shares issued and outstanding as of September 30, 2024 and December 31, 2023. [1] [1]
Additional paid-in capital 38,646,023 35,866,223 [1] 28,710,412 [1]
Foreign currency translation adjustments (26,275) (26,275) [1] (26,275) [1]
Accumulated deficit (33,180,457) (29,360,235) [1] (22,837,827) [1]
Total Company’s stockholders’ equity 5,440,249 6,480,009 5,846,379
Non-controlling interests (137,416) (21,431) (109,038)
Total stockholders’ equity 5,302,833 6,458,578 5,737,341
Total liabilities and stockholders’ equity $ 5,821,597 $ 7,244,231 $ 6,492,213
[1] Adjusted to reflect one (1) for seven (7) reverse stock split in October 2023 (see note 1B).