2022 Q4 Form 20-F Financial Statement
#000121390023017628 Filed on March 06, 2023
Income Statement
Concept | 2022 Q4 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $1.537M | $967.9K | $1.350M |
YoY Change | -99.79% | -99.93% | |
Cost Of Revenue | $1.071M | $651.2K | |
YoY Change | -99.77% | -99.9% | |
Gross Profit | $466.0K | $316.8K | |
YoY Change | -99.84% | -99.95% | |
Gross Profit Margin | 30.32% | 32.73% | |
Selling, General & Admin | $1.488M | $1.957M | |
YoY Change | -99.69% | -99.44% | |
% of Gross Profit | 319.34% | 617.66% | |
Research & Development | $371.5K | $650.4K | |
YoY Change | -99.88% | -99.84% | |
% of Gross Profit | 79.71% | 205.32% | |
Depreciation & Amortization | $12.96K | $4.250K | |
YoY Change | -99.51% | -99.82% | |
% of Gross Profit | 2.78% | 1.34% | |
Operating Expenses | $1.860M | $2.607M | |
YoY Change | -99.76% | -99.65% | |
Operating Profit | -$1.394M | -$2.290M | |
YoY Change | -99.72% | -96.71% | |
Interest Expense | -$21.04K | $16.54K | |
YoY Change | -99.99% | -100.45% | |
% of Operating Profit | |||
Other Income/Expense, Net | $16.54K | ||
YoY Change | |||
Pretax Income | -$1.415M | -$2.274M | |
YoY Change | -99.81% | -96.89% | |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$1.415M | -$2.274M | |
YoY Change | -99.81% | -96.89% | |
Net Earnings / Revenue | -92.04% | -234.9% | |
Basic Earnings Per Share | |||
Diluted Earnings Per Share | -$0.18 | -$321.6K | |
COMMON SHARES | |||
Basic Shares Outstanding | 7.999M shares | ||
Diluted Shares Outstanding |
Balance Sheet
Concept | 2022 Q4 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $222.0K | $346.9K | |
YoY Change | -71.72% | -99.57% | |
Cash & Equivalents | $222.0K | $346.9K | |
Short-Term Investments | |||
Other Short-Term Assets | $9.084M | $11.04M | |
YoY Change | -20.42% | ||
Inventory | $981.7K | $533.2K | |
Prepaid Expenses | |||
Receivables | $1.606M | $634.0K | |
Other Receivables | $359.6K | $579.7K | |
Total Short-Term Assets | $12.25M | $13.13M | |
YoY Change | -98.73% | -99.1% | |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $283.8K | $770.0K | |
YoY Change | -98.28% | -95.89% | |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | $190.3K | $192.4K | |
YoY Change | -99.98% | -99.95% | |
Total Long-Term Assets | $1.110M | $962.4K | |
YoY Change | -99.9% | -99.76% | |
TOTAL ASSETS | |||
Total Short-Term Assets | $12.25M | $13.13M | |
Total Long-Term Assets | $1.110M | $962.4K | |
Total Assets | $13.36M | $14.10M | |
YoY Change | -99.34% | -99.24% | |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $1.083M | $493.1K | |
YoY Change | -99.77% | -99.88% | |
Accrued Expenses | $316.9K | $0.00 | |
YoY Change | -99.94% | -100.0% | |
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $0.00 | $0.00 | |
YoY Change | |||
Long-Term Debt Due | $0.00 | $10.58K | |
YoY Change | -100.0% | -100.0% | |
Total Short-Term Liabilities | $1.811M | $1.110M | |
YoY Change | -99.91% | -99.9% | |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $1.088M | ||
YoY Change | -99.94% | ||
Other Long-Term Liabilities | $867.9K | $929.0K | |
YoY Change | -99.86% | -99.82% | |
Total Long-Term Liabilities | $1.956M | $2.017M | |
YoY Change | -99.92% | -99.92% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $1.811M | $1.110M | |
Total Long-Term Liabilities | $1.956M | $2.017M | |
Total Liabilities | $3.767M | $3.127M | |
YoY Change | -99.91% | -99.91% | |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$8.193M | ||
YoY Change | 81.89% | ||
Common Stock | $0.00 | ||
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | $9.597M | $10.97M | |
YoY Change | |||
Total Liabilities & Shareholders Equity | $13.36M | $14.10M | |
YoY Change | -99.34% | -99.24% |
Cashflow Statement
Concept | 2022 Q4 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$1.415M | -$2.274M | |
YoY Change | -99.81% | -96.89% | |
Depreciation, Depletion And Amortization | $12.96K | $4.250K | |
YoY Change | -99.51% | -99.82% | |
Cash From Operating Activities | -$1.907M | -$2.950M | |
YoY Change | -98.37% | -99.61% | |
INVESTING ACTIVITIES | |||
Capital Expenditures | $219.8K | -$64.74K | |
YoY Change | -154.94% | -99.14% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $2.002M | -$11.02M | |
YoY Change | -112.79% | 89.81% | |
Cash From Investing Activities | $1.782M | -$11.09M | |
YoY Change | -111.1% | -17.1% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 0.000 | 14.37M | |
YoY Change | -100.0% | -98.34% | |
NET CHANGE | |||
Cash From Operating Activities | -1.907M | -2.950M | |
Cash From Investing Activities | 1.782M | -11.09M | |
Cash From Financing Activities | 0.000 | 14.37M | |
Net Change In Cash | -124.9K | 331.3K | |
YoY Change | -99.88% | -99.66% | |
FREE CASH FLOW | |||
Cash From Operating Activities | -$1.907M | -$2.950M | |
Capital Expenditures | $219.8K | -$64.74K | |
Free Cash Flow | -$2.127M | -$2.885M | |
YoY Change | -98.18% | -99.62% |
Facts In Submission
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153233 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
55052 | usd |
CY2020 | us-gaap |
Increase Decrease In Accounts Payable And Accrued Liabilities
IncreaseDecreaseInAccountsPayableAndAccruedLiabilities
|
41179 | usd |
CY2022 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
1035013 | usd |
CY2021 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
443944 | usd |
CY2020 | us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-108319 | usd |
CY2022 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
356718 | usd |
CY2021 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
95 | usd |
CY2020 | us-gaap |
Increase Decrease In Prepaid Deferred Expense And Other Assets
IncreaseDecreaseInPrepaidDeferredExpenseAndOtherAssets
|
-4632 | usd |
CY2022 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
590245 | usd |
CY2021 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
140417 | usd |
CY2020 | us-gaap |
Increase Decrease In Inventories
IncreaseDecreaseInInventories
|
-102711 | usd |
CY2022 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
619692 | usd |
CY2021 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
213859 | usd |
CY2020 | us-gaap |
Increase Decrease In Accounts Payable Trade
IncreaseDecreaseInAccountsPayableTrade
|
-61368 | usd |
CY2022 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
20625 | usd |
CY2021 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
221891 | usd |
CY2020 | us-gaap |
Increase Decrease In Other Accounts Payable And Accrued Liabilities
IncreaseDecreaseInOtherAccountsPayableAndAccruedLiabilities
|
-25900 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-4857027 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-875002 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-418490 | usd |
CY2022 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
12500000 | usd |
CY2022 | us-gaap |
Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
|
3500000 | usd |
CY2022 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
20103 | usd |
CY2021 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
21457 | usd |
CY2020 | us-gaap |
Payments To Acquire Marketable Securities
PaymentsToAcquireMarketableSecurities
|
27502 | usd |
CY2022 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
284490 | usd |
CY2021 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
7967 | usd |
CY2020 | us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
6041 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-9304593 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-29424 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-33543 | usd |
CY2022 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
-410324 | usd |
CY2021 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
-56638 | usd |
CY2020 | us-gaap |
Proceeds From Repayments Of Short Term Debt
ProceedsFromRepaymentsOfShortTermDebt
|
353138 | usd |
CY2021 | mtek |
Proceeds From Loans Received From Shareholders
ProceedsFromLoansReceivedFromShareholders
|
199547 | usd |
CY2020 | mtek |
Proceeds From Loans Received From Shareholders
ProceedsFromLoansReceivedFromShareholders
|
250853 | usd |
CY2022 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
17824992 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
1500000 | usd |
CY2022 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
2101875 | usd |
CY2021 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
179913 | usd |
CY2021 | us-gaap |
Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
|
183038 | usd |
CY2022 | us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
744769 | usd |
CY2021 | us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
125247 | usd |
CY2020 | us-gaap |
Repayments Of Other Long Term Debt
RepaymentsOfOtherLongTermDebt
|
148631 | usd |
CY2022 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
200000 | usd |
CY2021 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
621607 | usd |
CY2022 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
14368024 | usd |
CY2021 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
899180 | usd |
CY2020 | us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
455360 | usd |
CY2022 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
206404 | usd |
CY2021 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-5245 | usd |
CY2020 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
3327 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
49126 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
54371 | usd |
CY2019Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
51044 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
255530 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
49126 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
54371 | usd |
CY2022 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
16882 | usd |
CY2021 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
15372 | usd |
CY2020 | us-gaap |
Income Taxes Paid
IncomeTaxesPaid
|
56148 | usd |
CY2022 | us-gaap |
Interest Paid Net
InterestPaidNet
|
8686 | usd |
CY2021 | us-gaap |
Interest Paid Net
InterestPaidNet
|
154 | usd |
CY2020 | us-gaap |
Interest Paid Net
InterestPaidNet
|
4 | usd |
CY2020 | mtek |
Conversion Of Longterm Liabilities To Shareholders To Ordinary Shares
ConversionOfLongtermLiabilitiesToShareholdersToOrdinaryShares
|
1078808 | usd |
CY2021 | mtek |
Noncash Deferred Issuance Cost
NoncashDeferredIssuanceCost
|
249564 | usd |
CY2022 | us-gaap |
Stock Issued1
StockIssued1
|
412299 | usd |
CY2022 | mtek |
Working Capital Deficit
WorkingCapitalDeficit
|
10400000 | usd |
CY2021 | mtek |
Working Capital Deficit
WorkingCapitalDeficit
|
1000000 | usd |
CY2022Q4 | us-gaap |
Cumulative Earnings Deficit
CumulativeEarningsDeficit
|
8200000 | usd |
CY2021Q4 | us-gaap |
Cumulative Earnings Deficit
CumulativeEarningsDeficit
|
4500000 | usd |
CY2022 | mtek |
Operating Activity
OperatingActivity
|
4900000 | usd |
CY2021 | mtek |
Operating Activity
OperatingActivity
|
900000 | usd |
CY2022Q1 | us-gaap |
Preferred Units Issued
PreferredUnitsIssued
|
4244048 | shares |
CY2022Q1 | mtek |
Warrants To Purchase Ordinary Shares
WarrantsToPurchaseOrdinaryShares
|
4244048 | shares |
CY2022Q1 | us-gaap |
Underwriting Income Loss
UnderwritingIncomeLoss
|
1350000 | usd |
CY2022Q1 | us-gaap |
Other Ownership Interests Offering Costs
OtherOwnershipInterestsOfferingCosts
|
1350000 | usd |
CY2022Q1 | mtek |
Repaid Liabilities
RepaidLiabilities
|
1400000 | usd |
CY2022Q2 | mtek |
Repaid Liabilities
RepaidLiabilities
|
1400000 | usd |
CY2022 | us-gaap |
Use Of Estimates
UseOfEstimates
|
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; margin-top: 0pt; margin-bottom: 0pt; width: 100%"><tr style="vertical-align: top; text-align: justify"> <td style="text-align: left; width: 0%"/><td style="width: 0.5in; text-align: left"><b>B.</b></td><td style="text-align: left"><b>Estimates and assumptions</b></td> </tr></table><p style="text-align: left; margin-top: 0; margin-bottom: 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0pt 0pt 0.5in; text-align: left">The preparation of the financial statements in conformity with U.S GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, the disclosure of contingent assets and liabilities at the date of the financial statements and the reported amounts of revenues and expenses during reported period. Actual results may differ from those estimates. As applicable for these financial statements, the most significant estimates and assumptions related to revenue recognition, and valuation of inventories.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: justify"> </p> | |
CY2021 | us-gaap |
Related Parties Amount In Cost Of Sales
RelatedPartiesAmountInCostOfSales
|
871171 | usd |
CY2021Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
20758 | usd |
CY2020Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
9879 | usd |
CY2019Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
8930 | usd |
CY2022 | mtek |
Cost Incurred
CostIncurred
|
-3220 | usd |
CY2021 | mtek |
Cost Incurred
CostIncurred
|
-5850 | usd |
CY2022 | mtek |
Expense Recognized
ExpenseRecognized
|
7511 | usd |
CY2021 | mtek |
Expense Recognized
ExpenseRecognized
|
16729 | usd |
CY2020 | mtek |
Expense Recognized
ExpenseRecognized
|
949 | usd |
CY2022Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
25049 | usd |
CY2021Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
20758 | usd |
CY2020Q4 | us-gaap |
Product Warranty Accrual
ProductWarrantyAccrual
|
9879 | usd |
CY2022 | mtek |
Ultimate Settlement
UltimateSettlement
|
0.50 | pure |
CY2022Q4 | mtek |
Severance Pay Expenses
SeverancePayExpenses
|
61169 | usd |
CY2021Q4 | mtek |
Severance Pay Expenses
SeverancePayExpenses
|
31356 | usd |
CY2020Q4 | mtek |
Severance Pay Expenses
SeverancePayExpenses
|
22247 | usd |
CY2022 | us-gaap |
Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
|
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; margin-top: 0pt; margin-bottom: 0pt"><tr style="vertical-align: top; text-align: justify"> <td style="text-align: left; width: 0in"/><td style="width: 0.5in; text-align: left"><b>R.</b></td><td style="text-align: left"><b>Concentrations of credit or business risk</b></td> </tr></table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left">Financial instruments that potentially subject the Company to concentrations of credit risk consist principally of cash equivalents, bank deposits, trade receivables and trade payables.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: justify"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left">Cash equivalents and bank deposits are invested mainly in NIS and U.S. dollars with major banks in Israel. Management believes that the financial institutions that hold the Company’s investments are financially sound and, accordingly, minimal credit risk exists with respect to these investments.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left">Most of the Company’s trade receivables are derived from sales to large and financially secure organizations. In determining the adequacy of the allowance, management bases its opinion, inter alia, on the estimated risks, current market conditions and in reliance on available information with respect to the debtor’s financial position. See Note 10 for a discussion of the Company’s major customers.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left; text-indent: 0.25in"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.5in; text-align: left">The Company acquires certain component parts for its products from market leading suppliers that are single source manufacturers. In order to mitigate the risk and as a redundant solution, the Company designs similar products based on component parts from different suppliers.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 35.45pt"> </p> | |
CY2022Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
221961 | usd |
CY2021Q4 | us-gaap |
Cash And Cash Equivalents At Carrying Value
CashAndCashEquivalentsAtCarryingValue
|
785 | usd |
CY2022Q4 | us-gaap |
Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
|
33569 | usd |
CY2021Q4 | us-gaap |
Certificates Of Deposit At Carrying Value
CertificatesOfDepositAtCarryingValue
|
48341 | usd |
CY2022Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
255530 | usd |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Including Disposal Group And Discontinued Operations
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsIncludingDisposalGroupAndDiscontinuedOperations
|
49126 | usd |
CY2022 | us-gaap |
Operating Lease Right Of Use Asset Amortization Expense
OperatingLeaseRightOfUseAssetAmortizationExpense
|
530444 | usd |
CY2022Q4 | us-gaap |
Federal Home Loan Bank Advances Interest Rate
FederalHomeLoanBankAdvancesInterestRate
|
0.011 | pure |
CY2021Q4 | us-gaap |
Federal Home Loan Bank Advances Interest Rate
FederalHomeLoanBankAdvancesInterestRate
|
0.003 | pure |
CY2022Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
551774 | usd |
CY2021Q4 | us-gaap |
Inventory Raw Materials
InventoryRawMaterials
|
212736 | usd |
CY2022Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
429955 | usd |
CY2021Q4 | us-gaap |
Inventory Finished Goods
InventoryFinishedGoods
|
178748 | usd |
CY2022Q4 | us-gaap |
Inventory Net
InventoryNet
|
981729 | usd |
CY2021Q4 | us-gaap |
Inventory Net
InventoryNet
|
391484 | usd |
CY2022 | us-gaap |
Other Expenses
OtherExpenses
|
11856 | usd |
CY2021 | us-gaap |
Other Expenses
OtherExpenses
|
0 | usd |
CY2020 | us-gaap |
Other Expenses
OtherExpenses
|
22957 | usd |
CY2021Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
533673 | usd |
CY2022Q4 | mtek |
Customer Advances
CustomerAdvances
|
144076 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
43089 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
|
14916 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
|
148712 | usd |
CY2022Q4 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
125282 | usd |
CY2021Q4 | us-gaap |
Furniture And Fixtures Gross
FurnitureAndFixturesGross
|
17684 | usd |
CY2022 | us-gaap |
Lease Cost
LeaseCost
|
317083 | usd |
CY2021 | us-gaap |
Lease Cost
LeaseCost
|
32600 | usd |
CY2022Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
33293 | usd |
CY2021Q4 | us-gaap |
Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
|
16089 | usd |
CY2022Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
283790 | usd |
CY2021Q4 | us-gaap |
Property Plant And Equipment Other Net
PropertyPlantAndEquipmentOtherNet
|
16511 | usd |
CY2022 | us-gaap |
Depreciation
Depreciation
|
17211 | usd |
CY2021 | us-gaap |
Depreciation
Depreciation
|
5056 | usd |
CY2020 | us-gaap |
Depreciation
Depreciation
|
3525 | usd |
CY2022Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
357188 | usd |
CY2021Q4 | us-gaap |
Employee Related Liabilities Current
EmployeeRelatedLiabilitiesCurrent
|
191004 | usd |
CY2022Q4 | us-gaap |
Extended Product Warranty Accrual Current
ExtendedProductWarrantyAccrualCurrent
|
25049 | usd |
CY2021Q4 | us-gaap |
Extended Product Warranty Accrual Current
ExtendedProductWarrantyAccrualCurrent
|
20758 | usd |
CY2022Q4 | us-gaap |
Accrued Professional Fees Current
AccruedProfessionalFeesCurrent
|
172818 | usd |
CY2022Q4 | mtek |
Government Authorities
GovernmentAuthorities
|
28429 | usd |
CY2021Q4 | mtek |
Government Authorities
GovernmentAuthorities
|
45603 | usd |
CY2022Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
727560 | usd |
CY2021Q4 | us-gaap |
Other Liabilities Current
OtherLiabilitiesCurrent
|
791038 | usd |
CY2022 | us-gaap |
Stock Issued During Period Shares Acquisitions
StockIssuedDuringPeriodSharesAcquisitions
|
391916 | shares |
CY2022 | us-gaap |
Stock Issued During Period Value Acquisitions
StockIssuedDuringPeriodValueAcquisitions
|
111371 | usd |
CY2022 | mtek |
Total Research And Development Income
TotalResearchAndDevelopmentIncome
|
345347 | ils |
CY2022 | mtek |
Total Research And Development Income
TotalResearchAndDevelopmentIncome
|
98138 | usd |
CY2021Q4 | mtek |
Loan Amount
LoanAmount
|
200000 | usd |
CY2021Q4 | us-gaap |
Short Term Debt Interest Rate Increase
ShortTermDebtInterestRateIncrease
|
0.04 | pure |
CY2021Q4 | us-gaap |
Loans Payable To Bank Current
LoansPayableToBankCurrent
|
1105438 | usd |
CY2021Q4 | us-gaap |
Long Term Debt Current
LongTermDebtCurrent
|
360669 | usd |
CY2021Q4 | us-gaap |
Other Long Term Debt
OtherLongTermDebt
|
744769 | usd |
CY2022 | us-gaap |
Loan Portfolio Expense
LoanPortfolioExpense
|
11244 | usd |
CY2021 | us-gaap |
Loan Portfolio Expense
LoanPortfolioExpense
|
50582 | usd |
CY2020 | us-gaap |
Loan Portfolio Expense
LoanPortfolioExpense
|
47560 | usd |
us-gaap |
Repayments Of Long Term Debt And Capital Securities
RepaymentsOfLongTermDebtAndCapitalSecurities
|
1200000 | usd | |
CY2021Q4 | us-gaap |
Loans Payable To Bank
LoansPayableToBank
|
410324 | usd |
CY2021Q2 | us-gaap |
Line Of Credit
LineOfCredit
|
400000 | ils |
CY2021Q2 | us-gaap |
Line Of Credit
LineOfCredit
|
121501 | usd |
CY2022Q4 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
0 | ils |
CY2021Q4 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
154427 | ils |
CY2022Q4 | us-gaap |
Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
|
49655 | usd |
CY2021Q4 | us-gaap |
Deferred Compensation Arrangement With Individual Cash Award Granted Amount
DeferredCompensationArrangementWithIndividualCashAwardGrantedAmount
|
1600000 | usd |
CY2022Q4 | us-gaap |
Grants Receivable Current
GrantsReceivableCurrent
|
285204 | usd |
CY2022 | us-gaap |
Payments For Royalties
PaymentsForRoyalties
|
7301 | usd |
CY2022 | us-gaap |
Stock Issued During Period Shares Employee Stock Purchase Plans
StockIssuedDuringPeriodSharesEmployeeStockPurchasePlans
|
1314024 | shares |
CY2022Q4 | us-gaap |
Other Receivables Gross Current
OtherReceivablesGrossCurrent
|
373408 | usd |
CY2022Q4 | us-gaap |
Grants Receivable
GrantsReceivable
|
246449 | usd |
CY2022 | us-gaap |
Revenues
Revenues
|
2504896 | usd |
CY2021 | us-gaap |
Revenues
Revenues
|
2075755 | usd |
CY2020 | us-gaap |
Revenues
Revenues
|
987883 | usd |
CY2022Q4 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
237982 | usd |
CY2022 | mtek |
Unsatisfied Performance Obligation
UnsatisfiedPerformanceObligation
|
90122 | usd |
CY2021 | mtek |
Unsatisfied Performance Obligation
UnsatisfiedPerformanceObligation
|
130000 | usd |
CY2022 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
2504937 | usd |
CY2021 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
2075755 | usd |
CY2020 | us-gaap |
Revenues Net Of Interest Expense
RevenuesNetOfInterestExpense
|
987883 | usd |
CY2022 | us-gaap |
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
|
3688346 | usd |
CY2021 | us-gaap |
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
|
824224 | usd |
CY2020 | us-gaap |
Net Income Loss Attributable To Nonredeemable Noncontrolling Interest
NetIncomeLossAttributableToNonredeemableNoncontrollingInterest
|
640343 | usd |
CY2022 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
7528038 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
3464470 | shares |
CY2020 | us-gaap |
Weighted Average Number Of Shares Outstanding Basic
WeightedAverageNumberOfSharesOutstandingBasic
|
2483988 | shares |
CY2022 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.49 | |
CY2021 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.24 | |
CY2020 | us-gaap |
Earnings Per Share Basic
EarningsPerShareBasic
|
0.26 | |
CY2022Q4 | mtek |
Options To Purchase Ordinary Share
OptionsToPurchaseOrdinaryShare
|
205269 | shares |
CY2022Q4 | mtek |
Warrant Shares
WarrantShares
|
5001432 | shares |
CY2021Q4 | mtek |
Warrant Shares
WarrantShares
|
379772 | shares |
CY2022Q4 | mtek |
Total Potentially Dilutive Securitie
TotalPotentiallyDilutiveSecuritie
|
5206700 | shares |
CY2021Q4 | mtek |
Total Potentially Dilutive Securitie
TotalPotentiallyDilutiveSecuritie
|
379772 | shares |
CY2022Q1 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
4.2 | |
CY2022Q1 | us-gaap |
Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
|
4.199 | |
CY2022Q1 | mtek |
Pre Funded Warrants
PreFundedWarrants
|
488324 | shares |
CY2022Q1 | us-gaap |
Share Price
SharePrice
|
0.001 | |
CY2022Q1 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
185023 | shares |
CY2022Q1 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
5.25 | |
CY2022Q1 | us-gaap |
Other Underwriting Expense
OtherUnderwritingExpense
|
1350000 | usd |
CY2022Q1 | us-gaap |
Deferred Offering Costs
DeferredOfferingCosts
|
1350000 | usd |
CY2022 | us-gaap |
Conversion Of Stock Shares Converted1
ConversionOfStockSharesConverted1
|
489812 | shares |
CY2022Q4 | mtek |
Underwriters Warrants
UnderwritersWarrants
|
185023 | shares |
CY2022 | mtek |
Fair Value Adjustment Of Underwriters
FairValueAdjustmentOfUnderwriters
|
199825 | usd |
CY2022Q4 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
400472 | shares |
CY2022Q4 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
4.2 | |
CY2022Q4 | mtek |
Provision Of Warrants
ProvisionOfWarrants
|
75000 | usd |
CY2022Q3 | us-gaap |
Stock Issued During Period Shares Issued For Services
StockIssuedDuringPeriodSharesIssuedForServices
|
180409 | shares |
CY2022Q3 | us-gaap |
Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
|
180356 | shares |
CY2022Q3 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Exercisable Intrinsic Value1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsExercisableIntrinsicValue1
|
118 | usd |
CY2021Q1 | mtek |
Aggregate Of Preferred Shares
AggregateOfPreferredShares
|
489812 | shares |
CY2021Q1 | mtek |
Aggregate Gross Proceed
AggregateGrossProceed
|
1500000 | usd |
CY2021Q1 | mtek |
Warrants Received
WarrantsReceived
|
1 | pure |
CY2021Q1 | mtek |
Purchase Of Ordinary Share
PurchaseOfOrdinaryShare
|
1 | pure |
CY2021Q1 | us-gaap |
Sale Of Stock Price Per Share
SaleOfStockPricePerShare
|
6.1248 | |
CY2022 | us-gaap |
Proceeds From Warrant Exercises
ProceedsFromWarrantExercises
|
274294 | usd |
CY2021Q1 | mtek |
Percentage Of Gross Proceeds
PercentageOfGrossProceeds
|
0.05 | pure |
CY2022 | mtek |
Consideration Amount
ConsiderationAmount
|
75000 | usd |
CY2022 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
4.2 | |
CY2022 | mtek |
Warrants Issued
WarrantsIssued
|
28194 | usd |
CY2021Q3 | us-gaap |
Conversion Of Stock Description
ConversionOfStockDescription
|
the Company’s general meeting of shareholders approved a reverse share split of the Ordinary Shares and the Preferred Shares, at a ratio of 4:1 (four-to-one), so that holders of Ordinary Shares and Preferred Shares will receive one Ordinary Share and one Preferred Share, respectively, for every four Ordinary Shares and Preferred Shares held as of such date rounded to the nearest number (with 0.5 share rounded up), and to adopt an amendment to the Company’s Articles of Association to effectuate such reverse stock split. | |
CY2022Q2 | us-gaap |
Payments For Repurchase Of Common Stock
PaymentsForRepurchaseOfCommonStock
|
1000000 | usd |
CY2021Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Method Used
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsMethodUsed
|
$274,294 | |
CY2021 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
77551 | usd |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
|
0.5582 | pure |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate Maximum
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRateMaximum
|
0.0169 | pure |
CY2022Q1 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Outstanding Weighted Average Remaining Contractual Term2
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsOutstandingWeightedAverageRemainingContractualTerm2
|
P4Y2M8D | |
CY2022Q1 | us-gaap |
Net Asset Value Per Share
NetAssetValuePerShare
|
3.12 | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExercisePrice
|
6.1248 | |
CY2022 | us-gaap |
Fair Value Adjustment Of Warrants
FairValueAdjustmentOfWarrants
|
60454 | usd |
CY2021Q3 | mtek |
Aggregate Of Ordinary Shares
AggregateOfOrdinaryShares
|
285422 | shares |
CY2021Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription
|
Out of the total amount of 285,422, options to purchase an aggregate of 201,427 Ordinary Shares were approved on June 27, 2021 and options to purchase an aggregate of 83,995 Ordinary Shares were approved during July 2021. | |
CY2022Q1 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Description
ShareBasedCompensationArrangementByShareBasedPaymentAwardDescription
|
the Company issued the following options under the SOP: (i) options to purchase an aggregate of 71,496 Ordinary Shares to the former chairman of the Company’s board of directors, which options were exercisable for a period of five years from their date of issuance, at a price of $4.20 per Ordinary Share, and vest 8.33% at the end of each three month period of continuous services to the Company. The fair value of this grant was $90,085 calculated using the Black Scholes model; (ii) options to purchase an aggregate of 10,000 Ordinary Shares and options to purchase an aggregate of 2,500 Ordinary Shares to two of the Company’s directors, which options are exercisable for a period of five years from their date of issuance, at a price of $4.20 per Ordinary Share, and vest 6.25% at the end of each three month period of continuous services to the Company. The fair value of this grant was $15,750 calculated using the Black Scholes model; and (iii) options to purchase an aggregate of 169,588 Ordinary Shares to certain employees and consultants, which options are exercisable for a period of five years from their date of issuance, at a price of $4.20 per Ordinary Share, and will vest 50% on February 4, 2024 and thereafter 6.25% every three months period of continuous services to the Company. The fair value of this grant was $191,634 calculated using the Black Scholes model. Upon the end of term of the service agreement with Mr. Joseph Weiss in December 2022, options to purchase an aggregate of 53,622 Ordinary Shares were forfeited and returned to the pool. | |
CY2022Q2 | mtek |
Vest Percentage
VestPercentage
|
0.0625 | pure |
CY2022Q2 | mtek |
Fair Value Grant Amount
FairValueGrantAmount
|
10204 | usd |
CY2022Q4 | mtek |
Vest Percentage
VestPercentage
|
0.0625 | pure |
CY2022 | mtek |
Fair Value Grant Amount
FairValueGrantAmount
|
188 | usd |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
287922 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
53622 | shares |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
|
4.2 | |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
4.2 | |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
234300 | shares |
CY2022Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
20218 | shares |
CY2022Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
4.2 | |
CY2022 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
|
P0Y8M12D | |
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
|
1.07 | |
CY2022 | mtek |
Unvested Options
UnvestedOptions
|
214082 | usd |
CY2022 | mtek |
Unvested Options Cost
UnvestedOptionsCost
|
168893 | usd |
CY2022 | us-gaap |
Insured Financial Obligations With Credit Deterioration Remaining Weighted Average Contract Period
InsuredFinancialObligationsWithCreditDeteriorationRemainingWeightedAverageContractPeriod
|
P3Y3M | |
CY2021 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.23 | pure |
CY2022 | us-gaap |
Effective Income Tax Rate Reconciliation Change In Enacted Tax Rate
EffectiveIncomeTaxRateReconciliationChangeInEnactedTaxRate
|
0.23 | pure |
CY2022Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
1218869 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Operating Loss Carryforwards
DeferredTaxAssetsOperatingLossCarryforwards
|
675604 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
189856 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets In Process Research And Development
DeferredTaxAssetsInProcessResearchAndDevelopment
|
181964 | usd |
CY2022Q4 | mtek |
Provisions For Warranty
ProvisionsForWarranty
|
5761 | usd |
CY2021Q4 | mtek |
Provisions For Warranty
ProvisionsForWarranty
|
4774 | usd |
CY2022Q4 | mtek |
Provision For Vacation And Convalescence
ProvisionForVacationAndConvalescence
|
49850 | usd |
CY2021Q4 | mtek |
Provision For Vacation And Convalescence
ProvisionForVacationAndConvalescence
|
20575 | usd |
CY2022Q4 | mtek |
Provision For Severance
ProvisionForSeverance
|
62060 | usd |
CY2021Q4 | mtek |
Provision For Severance
ProvisionForSeverance
|
31254 | usd |
CY2022Q4 | mtek |
Operating Lease Right Of Use Assets
OperatingLeaseRightOfUseAssets
|
134836 | usd |
CY2022Q4 | mtek |
Issuance Cost
IssuanceCost
|
381090 | usd |
CY2022Q4 | mtek |
Operating Lease Liabilities01
OperatingLeaseLiabilities01
|
134836 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
1907486 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Net
DeferredTaxAssetsNet
|
914171 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
914171 | usd |
CY2020Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
636462 | usd |
CY2022 | us-gaap |
Valuation Allowance For Impairment Of Recognized Servicing Assets Provisions
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsProvisions
|
993315 | usd |
CY2021 | us-gaap |
Valuation Allowance For Impairment Of Recognized Servicing Assets Provisions
ValuationAllowanceForImpairmentOfRecognizedServicingAssetsProvisions
|
277709 | usd |
CY2022Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
1907486 | usd |
CY2021Q4 | us-gaap |
Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
|
914171 | usd |
CY2021 | mtek |
Conversion Of Longterm Liabilities To Shareholders To Ordinary Shares
ConversionOfLongtermLiabilitiesToShareholdersToOrdinaryShares
|
usd | |
CY2022Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
5200000 | usd |
CY2021Q4 | us-gaap |
Operating Loss Carryforwards
OperatingLossCarryforwards
|
2400000 | usd |
CY2022 | us-gaap |
Operating Lease Expense
OperatingLeaseExpense
|
126169 | usd |
CY2022 | us-gaap |
Operating Lease Payments
OperatingLeasePayments
|
114749 | usd |
CY2022 | us-gaap |
Right Of Use Asset Obtained In Exchange For Operating Lease Liability
RightOfUseAssetObtainedInExchangeForOperatingLeaseLiability
|
205593 | usd |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Remaining Lease Term1
OperatingLeaseWeightedAverageRemainingLeaseTerm1
|
P4Y8M12D | |
CY2022Q4 | us-gaap |
Operating Lease Weighted Average Discount Rate Percent
OperatingLeaseWeightedAverageDiscountRatePercent
|
0.0508 | pure |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
|
147338 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
|
134701 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Four
LesseeOperatingLeaseLiabilityPaymentsDueYearFour
|
132174 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due Year Five
LesseeOperatingLeaseLiabilityPaymentsDueYearFive
|
132174 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Payments Due After Year Five
LesseeOperatingLeaseLiabilityPaymentsDueAfterYearFive
|
110145 | usd |
CY2022Q4 | us-gaap |
Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
|
656532 | usd |
CY2022Q4 | mtek |
Imputed Interest
ImputedInterest
|
-70290 | usd |
CY2022Q4 | us-gaap |
Operating Lease Liability
OperatingLeaseLiability
|
586242 | usd |
CY2022 | mtek |
Noncash Deferred Issuance Cost
NoncashDeferredIssuanceCost
|
usd | |
CY2020 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.26 | |
CY2021Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Current
OperatingLeasesFutureMinimumPaymentsDueCurrent
|
114085 | usd |
CY2021Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Two Years
OperatingLeasesFutureMinimumPaymentsDueInTwoYears
|
114085 | usd |
CY2021Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Three Years
OperatingLeasesFutureMinimumPaymentsDueInThreeYears
|
99786 | usd |
CY2021Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Four Years
OperatingLeasesFutureMinimumPaymentsDueInFourYears
|
96926 | usd |
CY2021Q4 | us-gaap |
Operating Leases Future Minimum Payments Due In Five Years
OperatingLeasesFutureMinimumPaymentsDueInFiveYears
|
96926 | usd |
CY2021Q4 | us-gaap |
Operating Leases Future Minimum Payments Due Thereafter
OperatingLeasesFutureMinimumPaymentsDueThereafter
|
80772 | usd |
CY2020Q4 | us-gaap |
Due From Officers Or Stockholders Current
DueFromOfficersOrStockholdersCurrent
|
1088703 | usd |
CY2021Q2 | us-gaap |
Related Party Transaction Description Of Transaction
RelatedPartyTransactionDescriptionOfTransaction
|
the Company entered into a loan facility agreement (as amended on June 30, 2021 the “Loan Facility Agreement”), effective as of January 1, 2021, with Mr. Bar and Mr. Gottlieb. Pursuant to the Loan Facility Agreement, the outstanding amount under the Loan Facility Agreement to be paid to Mr. Bar in a total amount of approximately NIS 2,459,959 (approximately $770,879) and to Mr. Gottlieb, in a total amount of approximately NIS 1,020,347 (approximately $317,371), bear no interest and shall be due and payable in 24 equal monthly payments, commencing on the second anniversary following completion of an initial public offering. Pursuant to the Loan Facility Agreement, if an initial public offering is not completed by December 31, 2021, then the outstanding amount shall be repaid pursuant to the available free cash of the Company, taking into account expected expenditures in the three months following partial or full payment, and in any event not prior to December 31, 2022. The Company also agreed to reimburse Mr. Bar and Mr. Gottlieb for any costs and expenses incurred in connection with the enforcement of the Loan Facility Agreement, if required. The agreement was accounted for as a modification with no change to the book value of the loan. As of December 31, 2022 the outstanding amount under the Loan Facility Agreement is $1,088,250. The loans were classified within long term liabilities. | |
CY2022Q4 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
0 | usd |
CY2021Q4 | us-gaap |
Lines Of Credit Current
LinesOfCreditCurrent
|
96320 | usd |
CY2021Q4 | us-gaap |
Related Party Transaction Due From To Related Party
RelatedPartyTransactionDueFromToRelatedParty
|
96320 | usd |
CY2021 | mtek |
Short Term Liabilities
ShortTermLiabilities
|
200000 | usd |
CY2022 | mtek |
Longterm Loans Due To Shareholders
LongtermLoansDueToShareholders
|
1088250 | usd |
CY2021 | mtek |
Longterm Loans Due To Shareholders
LongtermLoansDueToShareholders
|
1088250 | usd |
CY2022 | us-gaap |
Interest Expense
InterestExpense
|
30684 | usd |
CY2022Q4 | us-gaap |
Due From Related Parties
DueFromRelatedParties
|
258397 | usd |
CY2021 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
1501 | usd |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.49 | |
CY2021Q4 | mtek |
Options To Purchase Ordinary Share
OptionsToPurchaseOrdinaryShare
|
shares | |
CY2021Q4 | us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Nonvested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsNonvestedWeightedAverageGrantDateFairValue
|
||
CY2022 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
|
pure | |
CY2021Q4 | mtek |
Operating Lease Right Of Use Assets
OperatingLeaseRightOfUseAssets
|
usd | |
CY2021Q4 | us-gaap |
Short Term Investments
ShortTermInvestments
|
usd | |
CY2022Q4 | us-gaap |
Deferred Costs
DeferredCosts
|
usd | |
CY2021Q4 | us-gaap |
Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
|
usd | |
CY2022Q4 | us-gaap |
Debt Current
DebtCurrent
|
usd | |
CY2022Q4 | us-gaap |
Due To Related Parties Current
DueToRelatedPartiesCurrent
|
usd | |
CY2022Q4 | us-gaap |
Long Term Debt Noncurrent
LongTermDebtNoncurrent
|
usd | |
CY2022Q4 | us-gaap |
Temporary Equity Carrying Amount Attributable To Parent
TemporaryEquityCarryingAmountAttributableToParent
|
usd | |
CY2021Q4 | us-gaap |
Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
|
usd | |
CY2022Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2021Q4 | us-gaap |
Commitments And Contingencies
CommitmentsAndContingencies
|
usd | |
CY2022Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
usd | |
CY2021Q4 | us-gaap |
Common Stock Value
CommonStockValue
|
usd | |
CY2022Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0 | |
CY2021Q4 | us-gaap |
Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
|
0 | |
CY2022Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2021Q4 | us-gaap |
Preferred Stock Value
PreferredStockValue
|
usd | |
CY2022Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
||
CY2021Q4 | us-gaap |
Preferred Stock Par Or Stated Value Per Share
PreferredStockParOrStatedValuePerShare
|
||
CY2022Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Issued
PreferredStockSharesIssued
|
shares | |
CY2022Q4 | us-gaap |
Preferred Stock Shares Outstanding
PreferredStockSharesOutstanding
|
shares | |
CY2021Q4 | us-gaap |
Preferred Stock Shares Authorized
PreferredStockSharesAuthorized
|
1250000 | shares |
CY2021 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.24 | |
CY2020 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.26 | |
CY2022 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.49 | |
CY2022 | us-gaap |
Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
|
usd | |
CY2022 | us-gaap |
Stock Repurchased During Period Value
StockRepurchasedDuringPeriodValue
|
usd | |
CY2020 | mtek |
Revaluation Of Warrants
RevaluationOfWarrants
|
usd | |
CY2021 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
usd | |
CY2020 | us-gaap |
Share Based Compensation
ShareBasedCompensation
|
usd | |
CY2022 | mtek |
Interest On Shareholders Loan
InterestOnShareholdersLoan
|
usd | |
CY2021 | mtek |
Interest On Shareholders Loan
InterestOnShareholdersLoan
|
usd | |
CY2020 | us-gaap |
Payments To Acquire Short Term Investments
PaymentsToAcquireShortTermInvestments
|
usd | |
CY2021 | us-gaap |
Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
|
usd | |
CY2020 | us-gaap |
Proceeds From Sale Maturity And Collection Of Shortterm Investments
ProceedsFromSaleMaturityAndCollectionOfShorttermInvestments
|
usd | |
CY2022 | mtek |
Proceeds From Loans Received From Shareholders
ProceedsFromLoansReceivedFromShareholders
|
usd | |
CY2020 | us-gaap |
Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
|
usd | |
CY2020 | us-gaap |
Payments Of Stock Issuance Costs
PaymentsOfStockIssuanceCosts
|
usd | |
CY2022 | us-gaap |
Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
|
usd | |
CY2020 | us-gaap |
Proceeds From Issuance Of Other Long Term Debt
ProceedsFromIssuanceOfOtherLongTermDebt
|
usd | |
CY2021 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
usd | |
CY2020 | us-gaap |
Repayments Of Related Party Debt
RepaymentsOfRelatedPartyDebt
|
usd | |
CY2022 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
usd | |
CY2020Q4 | mtek |
Options To Purchase Ordinary Share
OptionsToPurchaseOrdinaryShare
|
shares | |
CY2021Q4 | mtek |
Operating Lease Liabilities01
OperatingLeaseLiabilities01
|
usd | |
CY2020 | us-gaap |
Payments Of Debt Issuance Costs
PaymentsOfDebtIssuanceCosts
|
usd | |
CY2022 | mtek |
Conversion Of Longterm Liabilities To Shareholders To Ordinary Shares
ConversionOfLongtermLiabilitiesToShareholdersToOrdinaryShares
|
usd | |
CY2022Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
usd | |
CY2021Q4 | us-gaap |
Property Plant And Equipment Other
PropertyPlantAndEquipmentOther
|
usd | |
CY2020Q4 | mtek |
Warrant Shares
WarrantShares
|
shares | |
CY2021Q4 | mtek |
Customer Advances
CustomerAdvances
|
usd | |
CY2021Q4 | us-gaap |
Contract With Customer Asset Net Current
ContractWithCustomerAssetNetCurrent
|
usd | |
CY2020 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
2483988 | shares |
CY2021 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
3464470 | shares |
CY2020 | mtek |
Noncash Deferred Issuance Cost
NoncashDeferredIssuanceCost
|
usd | |
CY2020Q4 | mtek |
Total Potentially Dilutive Securitie
TotalPotentiallyDilutiveSecuritie
|
shares | |
CY2021 | us-gaap |
Earnings Per Share Diluted
EarningsPerShareDiluted
|
0.24 | |
CY2022 | us-gaap |
Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
|
7528038 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
shares | |
CY2021Q4 | us-gaap |
Deferred Tax Assets Liabilities Net
DeferredTaxAssetsLiabilitiesNet
|
usd | |
CY2022 | mtek |
Short Term Liabilities
ShortTermLiabilities
|
usd | |
CY2021 | us-gaap |
Interest Expense
InterestExpense
|
usd | |
CY2021Q4 | us-gaap |
Due From Related Parties
DueFromRelatedParties
|
usd | |
CY2022 | us-gaap |
Related Party Transaction Purchases From Related Party
RelatedPartyTransactionPurchasesFromRelatedParty
|
usd | |
CY2022 | dei |
Amendment Flag
AmendmentFlag
|
false | |
CY2022 | dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
FY | |
CY2022 | dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001872964 |