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Contents

Statement of Changes in Shareholders’ Equity

(U.S. dollars in thousands, except share data)

Ordinary Shares
Number ofSharesShareCapitalAdditionalPaid-inCapitalAccumulatedDeficitTotalShareholders’Equity
Balance as of December 31, 20212,823,9382,02897,833(95,469)4,392
Conversion of loans54,39636175-211
Exercise of options1,6501--1
Stock based compensation--138-138
Share Issuance for a total consideration of $6,389 net of $543 issuance expenses1,326,3439924,854-5,846
Net loss---(7,457)(7,457)
Balance as of December 31, 20224,206,327$3,057$103,000$(102,926)$3,131
Conversion of loans518,644361531-892
Exercise of options and warrants1,081,2507182,574,451-3,292
Stock based compensation--243-243
Share Issuance for a total consideration of $1,393 net of $113 issuance expenses7,484,8204,958(3,678)-1,280
Net loss---(4,022)(4,022)
Balance as of December 31, 202313,291,041$9,094$102,670$(106,948)$4,816

F - 3

CONSOLIDATED STATEMENTS OF CASH FLOWS

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The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.