NET LOSS PER SHARE

12 Months Ended

Dec. 31, 2022

NET LOSS PER SHARE

NET LOSS PER SHARE

NOTE 8 – NET LOSS PER SHARE:

a. Basic

Basic net loss per share is calculated by dividing the net loss attributable to the Company’s stockholders by the weighted average number of common shares outstanding.

	For the year ended	For the year ended
	December 31, 2022	December 31, 2021
	in thousand U.S. dollars except per share and share amounts
Loss attributable to common stockholders	(19,085)	(12,890)
Basic and diluted net loss per common share	(1.51)	(3.02)
Weighted average of common share outstanding	12,657,651	4,268,285

Basic loss per share is calculated by dividing the result attributable to equity holders of the Company by the weighted average number of Ordinary Shares in issue during the year.

b. Diluted

As of December 31, 2022 and December 31, 2021, the Company excluded potentially dilutive securities from the calculation of diluted net loss per Ordinary Share because their effects would have been anti-dilutive (see note 2n).