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Condensed Consolidated Interim Statements of Cash Flows (Unaudited) - USD ($)
6 Months Ended
Jun. 30, 2024
Jun. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Loss for the period $ (1,622,500) $ (2,436,484)
Adjustments required to reconcile net loss for the period to net cash used in operating activities:    
Depreciation 10,177 23,215
Issuance of shares to employees and services providers 72,552 868,825
Share based compensation to employees and directors 14,247
Loss (gain) from sales of property and equipment 188 (12,294)
Gain from standby equity purchase agreement II (Note 5(1)) (105,413)
Expenses from standby equity purchase agreement II and promissory note (Note 5(1)) 109,754
Change in fair value of investment in nonconsolidated affiliate (113,668) (102,107)
Exchange rate differences on operating leases 3,631 201
Decrease (increase) in accounts receivable, net (50,956) 83,076
Decrease (increase) in inventory 15,171 (9,996)
Decrease in prepaid expenses and other current assets 13,620 61,725
Decrease in accounts payable (21,158) (27,595)
Decrease in other liabilities (345,573) (94,395)
Decrease in operating lease expense 27,812 32,460
Change in operating lease liability (31,105) (35,296)
Net cash used in operating activities (2,037,468) (1,634,418)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in nonconsolidated affiliate (162,000) (1,124,458)
Proceeds from sales of property and equipment 114 22,789
Net cash used in investing activities (161,886) (1,101,669)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from promissory note 1,455,000
Repayments of promissory note (328,603)
Proceeds from standby equity purchase agreement, net 1,082,457
Net cash provided by financing activities 2,208,854
Effect of exchange rate changes on cash and cash equivalents 2,592 2,719
INCREASE (DECREASE) IN CASH , CASH EQUIVALENTS AND RESTRICTED CASH 12,092 (2,733,368)
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF YEAR 4,478,174 5,750,771
CASH, CASH EQUIVALENTS AND RESTRICTED CASH AT END OF PERIOD 4,490,266 3,017,403
Non cash transactions:    
Investment in nonconsolidated affiliate (see Note 3) 826,705
Issuance of shares for future services $ 551,790