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Acquisition (Tables)
12 Months Ended
Dec. 31, 2018
Business Combinations [Abstract]  
Schedule of assets acquisition

The consideration for the asset acquisition as of the Initial Date consists of the following:

 

Fair value of 879,234 shares of common stock (*)   $ 1,275  
Fair value of 123,668 shares of Series A preferred stock (*)     4,483  
Fair value of financial liability related to Optional contribution (**)     857  
Fair value of Warrant (***)     1,925  
Fair value of asset related to future mandatory asset contribution (***)     (4,175 )
Fair value of assumed note payable on acquired asset     470  
Transaction costs     283  
Total consideration   $ 5,118  

  

  (*) Fair value of Common shares based on quoted market price on date of transaction and fair value of preferred shares based on the number of Common shares to which they can be converted on the transaction date

  (**) Related to Optional Contribution

  (***) Related to Second Contribution
Schedule of allocation of aforesaid total consideration

The allocation of aforesaid total consideration is as follows:

 

Investment properties   $ 2,055  
Investment in other company     3,245  
Less: Non-controlling interest (*)     (182 )
Total assets acquired at fair value   $ 5,118  

 

(*)Attributable to the 25% non-controlling membership interest in a limited liability company that owns a vacant land site located in Northern California.

Schedule of contributed properties

The following table presents the combined activity in the Investment Properties and Investment in Other Company line items during the years ended December 31, 2018 and 2017:

  

Opening balance, January 1, 2017   $  
Purchasing of investment properties and investment in other company     5,118  
Non-controlling interest     182  
Impairment of investment in other company     (1,439 )
Closing balance, December 31, 2017   $ 3,861  
Purchase of investment property (*)     326  
Depreciation of investment properties     (5 )
Impairment of investment properties     (326 )
Impairment of investment in other company     (1,455 )
Closing balance, December 31, 2018   $ 2,401  

 

(*) See also Ohio Medical Office building below.

Schedule of fair value of options black-scholes option pricing model

The following are the data and assumptions used:

 

Options Value:

 

  May 17, 2017
Dividend yield (%) 0
Expected volatility (%) 39.45
Risk free interest rate (%) 1.25
Strike price 1.93
Stock price 1.45
Probability (%) 50
Expected term of options (years) 0.62
 

Warrants Value:

  May 17, 2017
Dividend yield (%) 0
Expected volatility (%) 39.45
Risk free interest rate (%) 1.25
Strike price 3
Stock price 1.45
Probability (%) 50
Expected term of options (years) 5

 

Asset related to future mandatory asset contribution:

 

  May 17, 2017
Dividend yield (%) 0
Stock price 1.45
Probability (%) 70