2022 Q4 Form 20-F Financial Statement

#000149315223009740 Filed on March 30, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $99.00K $550.0K $80.00K
YoY Change 23.75% 358.33%
Cost Of Revenue $44.00K $252.0K $32.00K
YoY Change 37.5% 276.12%
Gross Profit $55.00K $298.0K $48.00K
YoY Change 14.58% 462.26%
Gross Profit Margin 55.56% 54.18% 60.0%
Selling, General & Admin $1.558M $6.219M $1.517M
YoY Change 2.7% 6.71% 39.43%
% of Gross Profit 2832.73% 2086.91% 3160.42%
Research & Development $3.035M $11.53M $2.647M
YoY Change 14.66% 13.41% 20.92%
% of Gross Profit 5518.18% 3870.47% 5514.58%
Depreciation & Amortization $57.00K $218.0K $40.00K
YoY Change 42.5% 37.11% -35.48%
% of Gross Profit 103.64% 73.15% 83.33%
Operating Expenses $4.593M $17.75M $4.164M
YoY Change 10.3% 10.97% 27.07%
Operating Profit -$4.538M -$17.46M -$4.116M
YoY Change 10.25% 9.47%
Interest Expense $718.0K -$2.208M $390.0K
YoY Change 84.1% -342.9% -152.85%
% of Operating Profit
Other Income/Expense, Net -$4.221M
YoY Change -564.36%
Pretax Income -$3.820M -$21.68M -$3.726M
YoY Change 2.52% 44.16% -7.2%
Income Tax
% Of Pretax Income
Net Earnings -$3.820M -$21.68M -$3.726M
YoY Change 2.52% 44.16% -7.2%
Net Earnings / Revenue -3858.59% -3941.09% -4657.5%
Basic Earnings Per Share -$0.07
Diluted Earnings Per Share -$0.01 -$0.07 -$11.74K
COMMON SHARES
Basic Shares Outstanding 323.0M shares 322.8M shares
Diluted Shares Outstanding 322.8M shares

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $26.39M $26.39M $45.71M
YoY Change -42.27% -42.27% 3.94%
Cash & Equivalents $19.17M $19.17M $28.07M
Short-Term Investments $7.218M $7.218M $17.53M
Other Short-Term Assets $102.0K $482.0K
YoY Change 69.72%
Inventory
Prepaid Expenses $380.0K $284.0K
Receivables
Other Receivables $842.0K $660.0K
Total Short-Term Assets $27.34M $27.34M $46.37M
YoY Change -41.05% -41.05% 4.49%
LONG-TERM ASSETS
Property, Plant & Equipment $598.0K $2.754M $3.097M
YoY Change -80.69% -11.08% 102.29%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $2.804M $2.804M $4.011M
YoY Change -30.09% -30.09% 0.0%
Other Assets
YoY Change
Total Long-Term Assets $5.558M $5.558M $7.108M
YoY Change -21.81% -21.81% 28.26%
TOTAL ASSETS
Total Short-Term Assets $27.34M $27.34M $46.37M
Total Long-Term Assets $5.558M $5.558M $7.108M
Total Assets $32.89M $32.89M $53.48M
YoY Change -38.5% -38.5% 7.13%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $2.107M $315.0K $253.0K
YoY Change 732.81% 24.51% -35.29%
Accrued Expenses $299.0K $1.792M $241.0K
YoY Change 24.07% 26.2%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due $527.0K $527.0K $587.0K
YoY Change -10.22% -10.22% 37.47%
Total Short-Term Liabilities $2.634M $2.634M $2.705M
YoY Change -2.62% -2.62% 33.58%
LONG-TERM LIABILITIES
Long-Term Debt $1.476M $1.476M $2.143M
YoY Change -31.12% -31.12% 151.23%
Other Long-Term Liabilities $1.476M $1.476M
YoY Change -31.12%
Total Long-Term Liabilities $1.476M $1.476M $2.143M
YoY Change -31.12% -31.12% 151.23%
TOTAL LIABILITIES
Total Short-Term Liabilities $2.634M $2.634M $2.705M
Total Long-Term Liabilities $1.476M $1.476M $2.143M
Total Liabilities $4.110M $4.563M $5.076M
YoY Change -19.03% -10.11% 71.95%
SHAREHOLDERS EQUITY
Retained Earnings -$101.5M -$79.80M
YoY Change 27.16%
Common Stock $0.00 $0.00
YoY Change
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $28.33M $28.33M $48.41M
YoY Change
Total Liabilities & Shareholders Equity $32.89M $32.89M $53.48M
YoY Change -38.5% -38.5% 7.13%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$3.820M -$21.68M -$3.726M
YoY Change 2.52% 44.16% -7.2%
Depreciation, Depletion And Amortization $57.00K $218.0K $40.00K
YoY Change 42.5% 37.11% -35.48%
Cash From Operating Activities -$3.954M -$17.06M -$3.150M
YoY Change 25.52% 40.68% 5.46%
INVESTING ACTIVITIES
Capital Expenditures $31.00K $313.0K -$117.0K
YoY Change -126.5% -233.19% 5750.0%
Acquisitions
YoY Change
Other Investing Activities $10.53M $9.296M -$789.0K
YoY Change -1434.22% -175.29% 3187.5%
Cash From Investing Activities $10.50M $8.983M -$906.0K
YoY Change -1258.5% -171.4% 3384.62%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $0.00 $0.00
YoY Change -100.0% -100.0%
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 0.000 0.000
YoY Change -100.0%
NET CHANGE
Cash From Operating Activities -3.954M -$17.06M -3.150M
Cash From Investing Activities 10.50M $8.983M -906.0K
Cash From Financing Activities 0.000 0.000
Net Change In Cash 6.542M -$8.913M -4.056M
YoY Change -261.29% -15.49% -113.83%
FREE CASH FLOW
Cash From Operating Activities -$3.954M -$17.06M -$3.150M
Capital Expenditures $31.00K $313.0K -$117.0K
Free Cash Flow -$3.985M -$17.37M -$3.033M
YoY Change 31.39% 46.09% 1.61%

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InvestmentInSimpleAgreementForFutureEquity
286000 usd
CY2022 us-gaap Payments To Acquire Equity Securities Fv Ni
PaymentsToAcquireEquitySecuritiesFvNi
715000 usd
CY2022 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
313000 usd
CY2021 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
235000 usd
CY2020 us-gaap Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
50000 usd
CY2022 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
8983000 usd
CY2021 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
-12582000 usd
CY2020 us-gaap Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
85000 usd
CY2021 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
13508000 usd
CY2020 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
45017000 usd
CY2021 us-gaap Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
595000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
57000 usd
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
263000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14160000 usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
45280000 usd
CY2022 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-839000 usd
CY2021 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
-37000 usd
CY2020 us-gaap Effect Of Exchange Rate On Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
EffectOfExchangeRateOnCashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
75000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-8913000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
-10584000 usd
CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Including Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseIncludingExchangeRateEffect
33945000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28188000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38772000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
4827000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
19275000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
28188000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
38772000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
1826000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
2464000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
1162000 usd
CY2022 us-gaap Depreciation
Depreciation
218000 usd
CY2021 us-gaap Depreciation
Depreciation
159000 usd
CY2020 us-gaap Depreciation
Depreciation
254000 usd
CY2020 us-gaap Income Loss From Equity Method Investments Net Of Dividends Or Distributions
IncomeLossFromEquityMethodInvestmentsNetOfDividendsOrDistributions
-2718000 usd
CY2022 FRSX Revaluation Of Marketable Securities
RevaluationOfMarketableSecurities
2217000 usd
CY2021 FRSX Revaluation Of Marketable Securities
RevaluationOfMarketableSecurities
30000 usd
CY2020 FRSX Revaluation Of Marketable Securities
RevaluationOfMarketableSecurities
-87000 usd
CY2022 FRSX Exchange Rate Changes On Cash And Cash Equivalents
ExchangeRateChangesOnCashAndCashEquivalents
839000 usd
CY2021 FRSX Exchange Rate Changes On Cash And Cash Equivalents
ExchangeRateChangesOnCashAndCashEquivalents
37000 usd
CY2020 FRSX Exchange Rate Changes On Cash And Cash Equivalents
ExchangeRateChangesOnCashAndCashEquivalents
-75000 usd
CY2022 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
182000 usd
CY2021 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
259000 usd
CY2020 us-gaap Increase Decrease In Other Current Assets
IncreaseDecreaseInOtherCurrentAssets
-212000 usd
CY2022 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
62000 usd
CY2021 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-138000 usd
CY2020 us-gaap Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
-296000 usd
CY2022 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-289000 usd
CY2021 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
-33000 usd
CY2020 us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
60000 usd
CY2022 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-72000 usd
CY2021 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
651000 usd
CY2020 us-gaap Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
-68000 usd
CY2022 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
4619000 usd
CY2021 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
2911000 usd
CY2020 us-gaap Adjustments To Reconcile Net Income Loss To Cash Provided By Used In Operating Activities
AdjustmentsToReconcileNetIncomeLossToCashProvidedByUsedInOperatingActivities
3880000 usd
CY2020 FRSX Accrued Issuance Expenses Recorded In Shareholders Equity
AccruedIssuanceExpensesRecordedInShareholdersEquity
310000 usd
CY2022 FRSX Conversion Of Simple Agreement For Future Equity To Investment In Equity Securities
ConversionOfSimpleAgreementForFutureEquityToInvestmentInEquitySecurities
286000 usd
CY2022 FRSX American Depository Shares Description
AmericanDepositorySharesDescription
The ADSs are listed on The Nasdaq Capital Market, and the ratio of the Company’s Ordinary Shares to ADSs is 5:1.
CY2016Q1 FRSX Ordinary Shares Issued Percentage
OrdinarySharesIssuedPercentage
0.6450 pure
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<p id="xdx_845_eus-gaap--UseOfEstimates_zsB1azxFJlyi" style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; border-collapse: collapse; width: 100%"> <tr style="font-family: Times New Roman, Times, Serif; vertical-align: top"> <td style="font-family: Times New Roman, Times, Serif; width: 0.5in"><span style="font-family: Times New Roman, Times, Serif"><b> </b></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify; width: 0.25in"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>B.</b></span></td> <td style="font-family: Times New Roman, Times, Serif; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b><span id="xdx_86C_zv3WtKG3cMga">Use of estimates in the preparation of financial statements</span>:</b></span></td></tr> </table> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 1in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> <p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.75in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt">The preparation of financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the amounts reported in the financial statements and accompanying notes. The Company’s management believes that the estimates, judgment, and assumptions used are reasonable based upon information available at the time they are made. These estimates, judgments and assumptions can affect reported amounts and disclosures made. Actual results could differ from those estimates.</span></p>
CY2022 us-gaap Net Income Loss
NetIncomeLoss
-21676000 usd
CY2021 us-gaap Net Income Loss
NetIncomeLoss
-15036000 usd
CY2020 us-gaap Net Income Loss
NetIncomeLoss
-15375000 usd
CY2022 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2021 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.05
CY2020 us-gaap Earnings Per Share Basic
EarningsPerShareBasic
-0.07
CY2022 FRSX Earnings Per Share Basic And Diluted American Depository Shares
EarningsPerShareBasicAndDilutedAmericanDepositoryShares
-0.35
CY2021 FRSX Earnings Per Share Basic And Diluted American Depository Shares
EarningsPerShareBasicAndDilutedAmericanDepositoryShares
-0.25
CY2020 FRSX Earnings Per Share Basic And Diluted American Depository Shares
EarningsPerShareBasicAndDilutedAmericanDepositoryShares
-0.35
CY2022 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
322817000 shares
CY2021 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
321356000 shares
CY2020 us-gaap Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
219913000 shares
CY2022 FRSX Weighted Average Number Of Share Outstanding Basic And Diluted In American Depository Shares
WeightedAverageNumberOfShareOutstandingBasicAndDilutedInAmericanDepositoryShares
64563000 shares
CY2021 FRSX Weighted Average Number Of Share Outstanding Basic And Diluted In American Depository Shares
WeightedAverageNumberOfShareOutstandingBasicAndDilutedInAmericanDepositoryShares
64271000 shares
CY2020 FRSX Weighted Average Number Of Share Outstanding Basic And Diluted In American Depository Shares
WeightedAverageNumberOfShareOutstandingBasicAndDilutedInAmericanDepositoryShares
43983000 shares
CY2022Q4 us-gaap Grants Receivable Current
GrantsReceivableCurrent
225000 usd
CY2021Q4 us-gaap Grants Receivable Current
GrantsReceivableCurrent
240000 usd
CY2022Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
380000 usd
CY2021Q4 us-gaap Prepaid Expense Current
PrepaidExpenseCurrent
284000 usd
CY2022Q4 us-gaap Other Receivables
OtherReceivables
237000 usd
CY2021Q4 us-gaap Other Receivables
OtherReceivables
136000 usd
CY2022Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
842000 usd
CY2021Q4 us-gaap Other Receivables Net Current
OtherReceivablesNetCurrent
660000 usd
CY2016Q2 FRSX Description Of Share Purchase Agreement
DescriptionOfSharePurchaseAgreement
During 2016, the Company entered into a share purchase agreement to acquire 32% of the share capital of Rail Vision Ltd (“Rail Vision”) and three types of warrants to purchase ordinary shares of Rail Vision.
CY2021Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
4011000 usd
CY2022 FRSX Revaluation To Fair Value Through Profit Or Loss
RevaluationToFairValueThroughProfitOrLoss
-2208000 usd
CY2022 us-gaap Increase Decrease In Equity Securities Fv Ni
IncreaseDecreaseInEquitySecuritiesFvNi
715000 usd
CY2022 FRSX Conversion Of Simple Agreement For Future Equity To Investment In Equity Securities
ConversionOfSimpleAgreementForFutureEquityToInvestmentInEquitySecurities
286000 usd
CY2022Q4 us-gaap Equity Securities Fv Ni
EquitySecuritiesFvNi
2804000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1674000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
1386000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
1076000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
883000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
598000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
503000 usd
CY2022 us-gaap Depreciation
Depreciation
218000 usd
CY2021 us-gaap Depreciation
Depreciation
159000 usd
CY2022 us-gaap General Discussion Of Pension And Other Postretirement Benefits
GeneralDiscussionOfPensionAndOtherPostretirementBenefits
Pursuant to section 14 of the Israeli Severance Pay Law, 5723-1963, the Company’s employees covered under this section are entitled to monthly deposits, at a rate of 8.33% of their monthly salary, made in their name with pension companies.
CY2022Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
1493000 usd
CY2021Q4 us-gaap Other Employee Related Liabilities Current
OtherEmployeeRelatedLiabilitiesCurrent
1179000 usd
CY2022Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
299000 usd
CY2021Q4 us-gaap Accrued Liabilities Current
AccruedLiabilitiesCurrent
241000 usd
CY2021Q4 us-gaap Other Accrued Liabilities Current
OtherAccruedLiabilitiesCurrent
445000 usd
CY2022Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1792000 usd
CY2021Q4 us-gaap Other Liabilities Current
OtherLiabilitiesCurrent
1865000 usd
CY2022 FRSX Royalty Description
RoyaltyDescription
Magna obtained grants from the Israeli Innovation Authority (the “IIA”) for participation in research and development programs for the years 2011 through 2013, and, in return, further to an acquisition transaction between the Company and Magna, the Company is obligated to pay royalties amounting to 3% to 5% of its future sales up to the amount of the grant.
CY2022Q4 us-gaap Grants Receivable
GrantsReceivable
603000 usd
CY2021Q4 us-gaap Grants Receivable
GrantsReceivable
683000 usd
CY2020Q4 us-gaap Grants Receivable
GrantsReceivable
661000 usd
CY2022 us-gaap Lessee Operating Lease Description
LesseeOperatingLeaseDescription
The Company and its subsidiaries, Foresight Ltd. and Eye Net, currently has 3-year leases for their offices with options to extend the leases for another 3 years. The lease for Foresight Ltd. and Eye Net ends on March 31, 2027 and December 15, 2027, respectively. The Company also currently leases several vehicles, each for a term of 3 years. The Company has no finance leases.
CY2022 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
options to extend the leases for another 3 years.
CY2022 us-gaap Operating Lease Payments
OperatingLeasePayments
550000 usd
CY2022Q4 us-gaap Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
P2Y8M12D
CY2022Q4 us-gaap Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
0.05 pure
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
527000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
491000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
483000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
483000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
218000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
2202000 usd
CY2022Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
199000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
2003000 usd
CY2022Q4 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognized
1662000 usd
CY2022 us-gaap Employee Service Share Based Compensation Nonvested Awards Total Compensation Cost Not Yet Recognized Period For Recognition1
EmployeeServiceShareBasedCompensationNonvestedAwardsTotalCompensationCostNotYetRecognizedPeriodForRecognition1
P3Y
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
1826000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
2464000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
1162000 usd
CY2022 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
225000 usd
CY2021 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
154000 usd
CY2020 us-gaap Net Income Loss Attributable To Noncontrolling Interest
NetIncomeLossAttributableToNoncontrollingInterest
74000 usd
CY2022 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1601000 usd
CY2021 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
2310000 usd
CY2020 us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
1088000 usd
CY2022 FRSX Payroll Research And Development Related Expenses
PayrollResearchAndDevelopmentRelatedExpenses
8778000 usd
CY2021 FRSX Payroll Research And Development Related Expenses
PayrollResearchAndDevelopmentRelatedExpenses
7556000 usd
CY2020 FRSX Payroll Research And Development Related Expenses
PayrollResearchAndDevelopmentRelatedExpenses
5922000 usd
CY2022 FRSX Subcontracted Work And Consulting Fee Expenses Related To Research And Development
SubcontractedWorkAndConsultingFeeExpensesRelatedToResearchAndDevelopment
1523000 usd
CY2021 FRSX Subcontracted Work And Consulting Fee Expenses Related To Research And Development
SubcontractedWorkAndConsultingFeeExpensesRelatedToResearchAndDevelopment
1751000 usd
CY2020 FRSX Subcontracted Work And Consulting Fee Expenses Related To Research And Development
SubcontractedWorkAndConsultingFeeExpensesRelatedToResearchAndDevelopment
1534000 usd
CY2022 FRSX Share Based Payments To Service Provider Related To Research And Development
ShareBasedPaymentsToServiceProviderRelatedToResearchAndDevelopment
57000 usd
CY2021 FRSX Share Based Payments To Service Provider Related To Research And Development
ShareBasedPaymentsToServiceProviderRelatedToResearchAndDevelopment
118000 usd
CY2020 FRSX Share Based Payments To Service Provider Related To Research And Development
ShareBasedPaymentsToServiceProviderRelatedToResearchAndDevelopment
67000 usd
CY2022 FRSX Rent And Office Maintenance For Research And Development
RentAndOfficeMaintenanceForResearchAndDevelopment
1068000 usd
CY2021 FRSX Rent And Office Maintenance For Research And Development
RentAndOfficeMaintenanceForResearchAndDevelopment
810000 usd
CY2020 FRSX Rent And Office Maintenance For Research And Development
RentAndOfficeMaintenanceForResearchAndDevelopment
671000 usd
CY2022 FRSX Travel Expenses Related To Research And Development
TravelExpensesRelatedToResearchAndDevelopment
141000 usd
CY2021 FRSX Travel Expenses Related To Research And Development
TravelExpensesRelatedToResearchAndDevelopment
44000 usd
CY2020 FRSX Travel Expenses Related To Research And Development
TravelExpensesRelatedToResearchAndDevelopment
54000 usd
CY2022 FRSX Other Research And Development
OtherResearchAndDevelopment
362000 usd
CY2021 FRSX Other Research And Development
OtherResearchAndDevelopment
309000 usd
CY2020 FRSX Other Research And Development
OtherResearchAndDevelopment
415000 usd
CY2022 FRSX Less Participation In Grants Researchand Development Total
LessParticipationInGrantsResearchandDevelopmentTotal
-395000 usd
CY2021 FRSX Less Participation In Grants Researchand Development Total
LessParticipationInGrantsResearchandDevelopmentTotal
-351000 usd
CY2021 FRSX Sales Of Prototypes
SalesOfPrototypes
-67000 usd
CY2020 FRSX Sales Of Prototypes
SalesOfPrototypes
-100000 usd
CY2022 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
11534000 usd
CY2021 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
10170000 usd
CY2020 us-gaap Research And Development Expense
ResearchAndDevelopmentExpense
8563000 usd
CY2022 FRSX Payroll Marketing And Sales Related Expenses
PayrollMarketingAndSalesRelatedExpenses
1318000 usd
CY2021 FRSX Payroll Marketing And Sales Related Expenses
PayrollMarketingAndSalesRelatedExpenses
1273000 usd
CY2020 FRSX Payroll Marketing And Sales Related Expenses
PayrollMarketingAndSalesRelatedExpenses
833000 usd
CY2022 FRSX Marketing And Sales Exhibitions Conventions And Travel Expenses
MarketingAndSalesExhibitionsConventionsAndTravelExpenses
302000 usd
CY2021 FRSX Marketing And Sales Exhibitions Conventions And Travel Expenses
MarketingAndSalesExhibitionsConventionsAndTravelExpenses
42000 usd
CY2020 FRSX Marketing And Sales Exhibitions Conventions And Travel Expenses
MarketingAndSalesExhibitionsConventionsAndTravelExpenses
175000 usd
CY2022 FRSX Marketing And Sales Consultants Fees
MarketingAndSalesConsultantsFees
558000 usd
CY2021 FRSX Marketing And Sales Consultants Fees
MarketingAndSalesConsultantsFees
394000 usd
CY2020 FRSX Marketing And Sales Consultants Fees
MarketingAndSalesConsultantsFees
178000 usd
CY2022 us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
52000 usd
CY2021 us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
139000 usd
CY2020 us-gaap Other Selling And Marketing Expense
OtherSellingAndMarketingExpense
82000 usd
CY2022 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
2230000 usd
CY2021 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1848000 usd
CY2020 us-gaap Selling And Marketing Expense
SellingAndMarketingExpense
1268000 usd
CY2022 FRSX Payroll General And Administrative Related Expenses
PayrollGeneralAndAdministrativeRelatedExpenses
1756000 usd
CY2021 FRSX Payroll General And Administrative Related Expenses
PayrollGeneralAndAdministrativeRelatedExpenses
1748000 usd
CY2020 FRSX Payroll General And Administrative Related Expenses
PayrollGeneralAndAdministrativeRelatedExpenses
1342000 usd
CY2022 FRSX Share Based Payments To Service Providers For General And Administrative Expenses
ShareBasedPaymentsToServiceProvidersForGeneralAndAdministrativeExpenses
215000 usd
CY2021 FRSX Share Based Payments To Service Providers For General And Administrative Expenses
ShareBasedPaymentsToServiceProvidersForGeneralAndAdministrativeExpenses
268000 usd
CY2020 FRSX Share Based Payments To Service Providers For General And Administrative Expenses
ShareBasedPaymentsToServiceProvidersForGeneralAndAdministrativeExpenses
128000 usd
CY2022 us-gaap Professional Fees
ProfessionalFees
1340000 usd
CY2021 us-gaap Professional Fees
ProfessionalFees
1207000 usd
CY2020 us-gaap Professional Fees
ProfessionalFees
926000 usd
CY2022 FRSX Directors Fees And Insurance
DirectorsFeesAndInsurance
405000 usd
CY2021 FRSX Directors Fees And Insurance
DirectorsFeesAndInsurance
494000 usd
CY2020 FRSX Directors Fees And Insurance
DirectorsFeesAndInsurance
348000 usd
CY2022 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
8000 usd
CY2020 us-gaap Travel And Entertainment Expense
TravelAndEntertainmentExpense
14000 usd
CY2022 FRSX Rent And Office Maintenance
RentAndOfficeMaintenance
175000 usd
CY2021 FRSX Rent And Office Maintenance
RentAndOfficeMaintenance
212000 usd
CY2020 FRSX Rent And Office Maintenance
RentAndOfficeMaintenance
146000 usd
CY2022 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
90000 usd
CY2021 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
51000 usd
CY2020 us-gaap Other General And Administrative Expense
OtherGeneralAndAdministrativeExpense
101000 usd
CY2022 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3989000 usd
CY2021 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3980000 usd
CY2020 us-gaap General And Administrative Expense
GeneralAndAdministrativeExpense
3005000 usd
CY2022 us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
-2208000 usd
CY2021 us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
-10000 usd
CY2020 us-gaap Gain Loss On Securitization Of Financial Assets
GainLossOnSecuritizationOfFinancialAssets
85000 usd
CY2022 FRSX Bank Interest Income
BankInterestIncome
189000 usd
CY2021 FRSX Bank Interest Income
BankInterestIncome
887000 usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
-2194000 usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
14000 usd
CY2022 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
-8000 usd
CY2021 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
18000 usd
CY2020 us-gaap Other Nonoperating Income Expense
OtherNonoperatingIncomeExpense
94000 usd
CY2022 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
-4221000 usd
CY2021 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
909000 usd
CY2020 us-gaap Nonoperating Income Expense
NonoperatingIncomeExpense
179000 usd
CY2022 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.23 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.23 pure
CY2020 us-gaap Effective Income Tax Rate Reconciliation Foreign Income Tax Rate Differential
EffectiveIncomeTaxRateReconciliationForeignIncomeTaxRateDifferential
0.23 pure
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
68870000 usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
68870000 usd
CY2021Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
51683000 usd
CY2020Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
37951000 usd
CY2022Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
15840000 usd
CY2021Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
11887000 usd
CY2020Q4 us-gaap Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
8729000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
15840000 usd
CY2021Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
11887000 usd
CY2020Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
8729000 usd
CY2022 FRSX Subcontracted Work And Consulting And Related Parties
SubcontractedWorkAndConsultingAndRelatedParties
748000 usd
CY2021 FRSX Subcontracted Work And Consulting And Related Parties
SubcontractedWorkAndConsultingAndRelatedParties
823000 usd
CY2020 FRSX Subcontracted Work And Consulting And Related Parties
SubcontractedWorkAndConsultingAndRelatedParties
672000 usd
CY2022 FRSX Share Based Payments To Service Provider And Related Parties
ShareBasedPaymentsToServiceProviderAndRelatedParties
56000 usd
CY2021 FRSX Share Based Payments To Service Provider And Related Parties
ShareBasedPaymentsToServiceProviderAndRelatedParties
118000 usd
CY2020 FRSX Share Based Payments To Service Provider And Related Parties
ShareBasedPaymentsToServiceProviderAndRelatedParties
67000 usd
CY2022 FRSX Transactions And Balances With Interest Related Parties
TransactionsAndBalancesWithInterestRelatedParties
804000 usd
CY2021 FRSX Transactions And Balances With Interest Related Parties
TransactionsAndBalancesWithInterestRelatedParties
941000 usd
CY2020 FRSX Transactions And Balances With Interest Related Parties
TransactionsAndBalancesWithInterestRelatedParties
739000 usd
CY2022Q4 us-gaap Due To Other Related Parties Current And Noncurrent
DueToOtherRelatedPartiesCurrentAndNoncurrent
63000 usd
CY2021Q4 us-gaap Due To Other Related Parties Current And Noncurrent
DueToOtherRelatedPartiesCurrentAndNoncurrent
75000 usd
CY2022Q4 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
63000 usd
CY2021Q4 us-gaap Accounts Payable Related Parties Current And Noncurrent
AccountsPayableRelatedPartiesCurrentAndNoncurrent
75000 usd

Files In Submission

Name View Source Status
frsx-20221231_pre.xml Edgar Link unprocessable
0001493152-23-009740-index-headers.html Edgar Link pending
FilingSummary.xml Edgar Link unprocessable
0001493152-23-009740-index.html Edgar Link pending
0001493152-23-009740.txt Edgar Link pending
0001493152-23-009740-xbrl.zip Edgar Link pending
ex12-1.htm Edgar Link pending
ex12-2.htm Edgar Link pending
ex13-1.htm Edgar Link pending
ex13-2.htm Edgar Link pending
ex15-1.htm Edgar Link pending
ex2-2.htm Edgar Link pending
Financial_Report.xlsx Edgar Link pending
fin_001.jpg Edgar Link pending
fin_003.jpg Edgar Link pending
form20-f.htm Edgar Link pending
form20-f_002.jpg Edgar Link pending
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form20-f_009.jpg Edgar Link pending
form20-f_01.jpg Edgar Link pending
form20-f_010.jpg Edgar Link pending
frsx-20221231.xsd Edgar Link pending
MetaLinks.json Edgar Link pending
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frsx-20221231_cal.xml Edgar Link unprocessable
frsx-20221231_def.xml Edgar Link unprocessable
frsx-20221231_lab.xml Edgar Link unprocessable
form20-f_htm.xml Edgar Link completed
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report.css Edgar Link pending
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