Employee Benefits

12 Months Ended

Dec. 31, 2022

Employee Benefits [Abstract]

Employee benefits

Note 18 - Employee benefits

A. Employee benefits include post-employment benefits and short-term benefits.

Balances include:

	For the Year ended December 31
	2022		2021
	USD thousands		USD thousands
Short-term benefits		463		432
Post-employment benefit liabilities		145		292
Post-employment benefit liabilities included in other payables		158		-

B. Post-employment benefit plans – defined contribution plan

The Company has a defined contribution plan in respect of the Company’s liability in respect of its employees who are subject to Section 14 of the Severance Pay Law – 1963.

	For the Year ended December 31
	2022		2021		2020
	USD thousands		USD thousands		USD thousands
Amount recognized as expense in respect of defined contribution plan		390		291		197

C. Certain of the Company’s executives are entitled to annual and special bonuses under the terms of their employment and consulting agreements. These bonuses will become due upon the achievement of certain goals or agreements for the commercialization of the Company’s products. These consolidated financial statements include bonuses expenses in the amount of USD 406 thousand for the year ended December 31, 2022, USD 580 thousand for the year ended December 31, 2021, and USD 481 thousand for the year ended December 31, 2020. 

D. Certain of the Company’s executives are entitled to benefits upon termination of employment under the terms of their employment and consulting agreements, see Note 12 on related parties. These benefits are measured based on the time of service and their monthly pay and the expected term of their employment. These consolidated financial statements include a liability due to these grants of USD 303 thousand and USD 292 thousand, as of December 31, 2022 and 2021, respectively.