| LOSS PER SHARE |
NOTE
24 - LOSS PER SHARE:
| |
a. |
Basic
Basic
loss per share is calculated by dividing the loss attributable to Company’s owners by the weighted average number of issued
ordinary shares in issue (including pre-funded warrants). |
| | |
Year ended December 31 | |
| | |
2022 | | |
2021 | | |
2020 | |
| | |
| | |
| | |
| |
| Loss attributable to Company’s owners (U.S. dollars in thousands) | |
| (13,151 | ) | |
| (13,125 | ) | |
| (7,845 | ) |
| The weighted average of the number of ordinary shares in issue (in thousands) | |
| 31,594 | | |
| 27,106 | | |
| 11,074 | |
| Basic loss per share (U.S. dollar) | |
| (0.42 | ) | |
| (0.48 | ) | |
| (0.71 | ) |
| |
b. |
Diluted
The
Company adjusts the loss attributable to holders of ordinary shares and the weighted average number of shares in issue, to reflect
the effect of all potentially dilutive ordinary shares, as follows: The Company adds to the weighted average number of shares in
issue that was used to calculate the basic loss per share, the weighted average of the number of shares to be issued assuming that
all shares that have a potentially dilutive effect would be converted into shares, and adjusts net loss attributable to holders of
the Company’s ordinary shares to exclude any profits or losses recorded during the period with respect to potentially dilutive
shares. The potential shares, as mentioned above, are only taken into account in cases where their effect is dilutive (reducing the
earnings per share or increasing the loss per share). |
| | |
Year ended December 31 | |
| | |
2022 | | |
2021 | | |
2020 | |
| | |
| | |
| | |
| |
| Loss attributable to the Company’s owners, used in computation of basic loss per share (U.S. dollars in thousands) | |
| (13,151 | ) | |
| (13,125 | ) | |
| (7,845 | ) |
| Adjustment in respect of the finance income relating to convertible debentures (U.S. dollars in thousands) | |
| - | | |
| - | | |
| (1,692 | ) |
| | |
| (13,151 | ) | |
| (13,125 | ) | |
| (9,537 | ) |
| | |
| | | |
| | | |
| | |
| The weighted average of the number of ordinary shares in issue used in computation of basic loss per share (in thousands) | |
| 31,594 | | |
| 27,106 | | |
| 11,074 | |
| Adjustment respect of the incremental shares assuming the conversion to convertible debentures (in thousands) | |
| - | | |
| - | | |
| 1,911 | |
| | |
| 31,594 | | |
| 27,106 | | |
| 12,985 | |
| Diluted loss per share (U.S. dollar) | |
| (0.42 | ) | |
| (0.48 | ) | |
| (0.84 | ) |
| |
|
The calculation of diluted loss per share for
December 31, 2022, does not give effect to the potential share issuance of ordinary shares upon the exercise of options to employees and
service providers, warrants issued in connection with convertible debenture agreements and warrants issued in connection with the O.R.B
agreement, as their effect is anti-dilutive.
The
calculation of diluted loss per share for December 31, 2021, does not give effect to the potential share issuance of ordinary shares
upon the exercise of options to employees and service providers and warrants issued in connection with convertible debenture agreements,
as their effect is anti-dilutive.
The calculation of diluted loss per share for December 31, 2020, does
not give effect to the potential share issuance of ordinary shares upon the exercise of options to employees and service providers and
warrants issued in connection with convertible debenture agreements, as their effect is anti-dilutive. |
|