RELATED PARTIES

12 Months Ended

Dec. 31, 2024

Related Party Transactions [Abstract]

RELATED PARTIES

NOTE 19 – RELATED PARTIES

A. Transactions and balances with related parties

	Year ended December 31,
	2024		2023
General and administrative expenses:
Salaries and fees to officers (*)		1,152,124		2,352,107
(*) of which share-based compensation		969,373		2,190,495
Interest on loans to related parties		720,996		(11,452	)
Research and development expenses:
Salaries and fees to officers (*)		165,518		226,886
(*) of which share-based compensation		76,929		145,542

B. Balances with related parties and officers:

	December 31,
	2024		2023
Other current assets		-		62,647
Other accounts liabilities		118,103		113,615
Liability for employee rights upon retirement		143,406		129,768
Long term loan from related party (*)		2,646,135		2,012,339

(*) Received from UCG by December 31, 2021. The outstanding principal amounts shall bear interest at an annual rate of 7.5%. (See note 11(2)).