2022 Q3 Form 10-Q Financial Statement
#000121390022047366 Filed on August 12, 2022
Income Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
Revenue | $0.00 | $0.00 | $0.00 |
YoY Change | |||
Cost Of Revenue | |||
YoY Change | |||
Gross Profit | |||
YoY Change | |||
Gross Profit Margin | |||
Selling, General & Admin | $189.0K | $209.0K | $92.00K |
YoY Change | -48.22% | 17.42% | -84.87% |
% of Gross Profit | |||
Research & Development | $218.0K | $211.0K | $65.00K |
YoY Change | 74.4% | 48.59% | -63.07% |
% of Gross Profit | |||
Depreciation & Amortization | $9.000K | $21.00K | $6.000K |
YoY Change | -104.62% | ||
% of Gross Profit | |||
Operating Expenses | $218.0K | $211.0K | $157.0K |
YoY Change | -55.51% | -34.06% | -79.97% |
Operating Profit | -$407.0K | -$420.0K | -$157.0K |
YoY Change | -16.94% | 31.25% | |
Interest Expense | -$435.0K | -$260.0K | $578.0K |
YoY Change | 343.88% | -226.83% | -139.94% |
% of Operating Profit | |||
Other Income/Expense, Net | -$435.0K | -$260.0K | $578.0K |
YoY Change | 343.88% | -226.83% | |
Pretax Income | -$842.0K | -$680.0K | $421.0K |
YoY Change | 43.2% | 491.3% | -118.87% |
Income Tax | |||
% Of Pretax Income | |||
Net Earnings | -$842.0K | -$680.0K | $421.0K |
YoY Change | 58.87% | 491.3% | -118.87% |
Net Earnings / Revenue | |||
Basic Earnings Per Share | -$0.17 | -$0.15 | $0.11 |
Diluted Earnings Per Share | -$0.17 | -$0.15 | $106.8K |
COMMON SHARES | |||
Basic Shares Outstanding | 4.194M shares | 4.194M shares | 4.194M shares |
Diluted Shares Outstanding | 4.194M shares | 4.194M shares | 4.194M shares |
Balance Sheet
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
SHORT-TERM ASSETS | |||
Cash & Short-Term Investments | $191.0K | $142.0K | $353.0K |
YoY Change | -79.15% | -89.27% | -80.4% |
Cash & Equivalents | $191.0K | $142.0K | $353.0K |
Short-Term Investments | |||
Other Short-Term Assets | $40.00K | $107.0K | $211.0K |
YoY Change | -78.95% | -35.54% | 210.29% |
Inventory | |||
Prepaid Expenses | |||
Receivables | |||
Other Receivables | |||
Total Short-Term Assets | $242.0K | $260.0K | $564.0K |
YoY Change | -78.12% | -82.55% | -69.82% |
LONG-TERM ASSETS | |||
Property, Plant & Equipment | $209.0K | $214.0K | $223.0K |
YoY Change | 1800.0% | 1845.45% | 3085.71% |
Goodwill | |||
YoY Change | |||
Intangibles | |||
YoY Change | |||
Long-Term Investments | |||
YoY Change | |||
Other Assets | |||
YoY Change | |||
Total Long-Term Assets | $243.0K | $252.0K | $223.0K |
YoY Change | 2109.09% | 2190.91% | 3085.71% |
TOTAL ASSETS | |||
Total Short-Term Assets | $242.0K | $260.0K | $564.0K |
Total Long-Term Assets | $243.0K | $252.0K | $223.0K |
Total Assets | $485.0K | $512.0K | $787.0K |
YoY Change | -56.58% | -65.89% | -58.05% |
SHORT-TERM LIABILITIES | |||
YoY Change | |||
Accounts Payable | $33.00K | $46.00K | $29.00K |
YoY Change | 0.0% | -36.99% | 2800.0% |
Accrued Expenses | $15.00K | $16.00K | $20.00K |
YoY Change | |||
Deferred Revenue | |||
YoY Change | |||
Short-Term Debt | $2.176M | $1.675M | $1.289M |
YoY Change | 15.38% | -2.73% | -18.52% |
Long-Term Debt Due | |||
YoY Change | |||
Total Short-Term Liabilities | $3.637M | $2.983M | $2.736M |
YoY Change | 28.97% | 24.14% | 16.97% |
LONG-TERM LIABILITIES | |||
Long-Term Debt | $20.00K | $22.00K | $0.00 |
YoY Change | -86.5% | -100.0% | |
Other Long-Term Liabilities | $20.00K | $22.00K | $26.00K |
YoY Change | -96.92% | -98.09% | |
Total Long-Term Liabilities | $20.00K | $22.00K | $26.00K |
YoY Change | -97.49% | -98.24% | |
TOTAL LIABILITIES | |||
Total Short-Term Liabilities | $3.637M | $2.983M | $2.736M |
Total Long-Term Liabilities | $20.00K | $22.00K | $26.00K |
Total Liabilities | $3.657M | $3.005M | $2.828M |
YoY Change | 23.59% | -13.57% | -30.46% |
SHAREHOLDERS EQUITY | |||
Retained Earnings | -$21.97M | -$21.24M | |
YoY Change | |||
Common Stock | $4.000K | $4.000K | |
YoY Change | |||
Preferred Stock | |||
YoY Change | |||
Treasury Stock (at cost) | |||
YoY Change | |||
Treasury Stock Shares | |||
Shareholders Equity | -$3.119M | -$2.517M | -$2.041M |
YoY Change | |||
Total Liabilities & Shareholders Equity | $485.0K | $512.0K | $787.0K |
YoY Change | -56.58% | -65.89% | -58.05% |
Cashflow Statement
Concept | 2022 Q3 | 2022 Q2 | 2022 Q1 |
---|---|---|---|
OPERATING ACTIVITIES | |||
Net Income | -$842.0K | -$680.0K | $421.0K |
YoY Change | 58.87% | 491.3% | -118.87% |
Depreciation, Depletion And Amortization | $9.000K | $21.00K | $6.000K |
YoY Change | -104.62% | ||
Cash From Operating Activities | -$239.0K | -$234.0K | -$260.0K |
YoY Change | -41.42% | -38.42% | -104.73% |
INVESTING ACTIVITIES | |||
Capital Expenditures | $0.00 | -$22.00K | -$177.0K |
YoY Change | 450.0% | -427.78% | |
Acquisitions | |||
YoY Change | |||
Other Investing Activities | $0.00 | $9.000K | |
YoY Change | -147.37% | ||
Cash From Investing Activities | $0.00 | -$13.00K | -$177.0K |
YoY Change | -43.48% | -427.78% | |
FINANCING ACTIVITIES | |||
Cash Dividend Paid | |||
YoY Change | |||
Common Stock Issuance & Retirement, Net | |||
YoY Change | |||
Debt Paid & Issued, Net | |||
YoY Change | |||
Cash From Financing Activities | 288.0K | 43.00K | -83.00K |
YoY Change | -158.11% | -97.56% | |
NET CHANGE | |||
Cash From Operating Activities | -239.0K | -234.0K | -260.0K |
Cash From Investing Activities | 0.000 | -13.00K | -177.0K |
Cash From Financing Activities | 288.0K | 43.00K | -83.00K |
Net Change In Cash | 49.00K | -204.0K | -520.0K |
YoY Change | -112.01% | -57.23% | -124.15% |
FREE CASH FLOW | |||
Cash From Operating Activities | -$239.0K | -$234.0K | -$260.0K |
Capital Expenditures | $0.00 | -$22.00K | -$177.0K |
Free Cash Flow | -$239.0K | -$212.0K | -$83.00K |
YoY Change | -41.42% | -43.62% | -101.52% |
Facts In Submission
Frame | Concept Type | Concept / XBRL Key | Value | Unit |
---|---|---|---|---|
dei |
Document Type
DocumentType
|
10-Q | ||
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Document Quarterly Report
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|
true | ||
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Document Transition Report
DocumentTransitionReport
|
false | ||
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Document Fiscal Year Focus
DocumentFiscalYearFocus
|
2022 | ||
dei |
Document Period End Date
DocumentPeriodEndDate
|
2022-06-30 | ||
dei |
Entity File Number
EntityFileNumber
|
333-208814 | ||
dei |
Entity Registrant Name
EntityRegistrantName
|
SATIVUS TECH CORP. | ||
dei |
Entity Incorporation State Country Code
EntityIncorporationStateCountryCode
|
DE | ||
dei |
Entity Tax Identification Number
EntityTaxIdentificationNumber
|
47-2847446 | ||
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Entity Address Address Line1
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#3 Bethesda Metro Center | ||
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#700 | ||
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Bethesda | ||
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Entity Address Postal Zip Code
EntityAddressPostalZipCode
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06880 | ||
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800 | ||
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608-6432 | ||
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Yes | ||
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No | ||
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Non-accelerated Filer | ||
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2 | ||
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Stock Granted During Period Value Sharebased Compensation Forfeited
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-680000 | usd |
CY2022Q2 | us-gaap |
Stockholders Equity Including Portion Attributable To Noncontrolling Interest
StockholdersEquityIncludingPortionAttributableToNoncontrollingInterest
|
-2493000 | usd |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-259000 | usd | |
us-gaap |
Net Income Loss
NetIncomeLoss
|
-2346000 | usd | |
us-gaap |
Depreciation
Depreciation
|
27000 | usd | |
us-gaap |
Depreciation
Depreciation
|
1000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
110000 | usd | |
us-gaap |
Share Based Compensation
ShareBasedCompensation
|
378000 | usd | |
satt |
Financial Expenses Related To Loans From Related Party
FinancialExpensesRelatedToLoansFromRelatedParty
|
-1290000 | usd | |
satt |
Financial Expenses Related To Loans From Related Party
FinancialExpensesRelatedToLoansFromRelatedParty
|
121000 | usd | |
satt |
Change In Fair Value Of Convertible Component In Convertible Loan
ChangeInFairValueOfConvertibleComponentInConvertibleLoan
|
948000 | usd | |
satt |
Change In Fair Value Of Convertible Component In Convertible Loan
ChangeInFairValueOfConvertibleComponentInConvertibleLoan
|
1142000 | usd | |
us-gaap |
Increase Decrease In Notes Payable Current
IncreaseDecreaseInNotesPayableCurrent
|
-30000 | usd | |
us-gaap |
Increase Decrease In Notes Payable Current
IncreaseDecreaseInNotesPayableCurrent
|
-140000 | usd | |
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-34000 | usd | |
us-gaap |
Increase Decrease In Receivables
IncreaseDecreaseInReceivables
|
-22000 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
-34000 | usd | |
us-gaap |
Increase Decrease In Other Accounts Payable
IncreaseDecreaseInOtherAccountsPayable
|
-96000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-494000 | usd | |
us-gaap |
Net Cash Provided By Used In Operating Activities
NetCashProvidedByUsedInOperatingActivities
|
-918000 | usd | |
satt |
Decrease Increase In Restricted Cash
DecreaseIncreaseInRestrictedCash
|
-9000 | usd | |
satt |
Decrease Increase In Restricted Cash
DecreaseIncreaseInRestrictedCash
|
19000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
199000 | usd | |
us-gaap |
Payments To Acquire Property Plant And Equipment
PaymentsToAcquirePropertyPlantAndEquipment
|
12000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-190000 | usd | |
us-gaap |
Net Cash Provided By Used In Investing Activities
NetCashProvidedByUsedInInvestingActivities
|
-31000 | usd | |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
50000 | usd | |
us-gaap |
Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
|
530000 | usd | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
-15000 | usd | |
us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
75000 | usd | |
us-gaap |
Repayments Of Convertible Debt
RepaymentsOfConvertibleDebt
|
74000 | usd | |
us-gaap |
Proceeds From Issuance Of Warrants
ProceedsFromIssuanceOfWarrants
|
1406000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
-40000 | usd | |
us-gaap |
Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
|
1862000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
-724000 | usd | |
us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
|
913000 | usd | |
CY2021Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
866000 | usd |
CY2020Q4 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
411000 | usd |
CY2022Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
142000 | usd |
CY2021Q2 | us-gaap |
Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
|
1324000 | usd |
us-gaap |
Interest Paid Net
InterestPaidNet
|
75000 | usd | |
us-gaap |
Stock Issued1
StockIssued1
|
260000 | usd | |
satt |
Purchase Of Fixed Assets By Issuance Of Share Capital
PurchaseOfFixedAssetsByIssuanceOfShareCapital
|
28000 | usd | |
CY2022Q2 | satt |
Retained Earning Accumulated Deficit
RetainedEarningAccumulatedDeficit
|
21280000 | usd |
satt |
Operating Cash Flow
OperatingCashFlow
|
467000 | usd | |
CY2022Q2 | us-gaap |
Federal Home Loan Bank Borrowings Fair Value Disclosure
FederalHomeLoanBankBorrowingsFairValueDisclosure
|
1170000 | usd |
CY2022Q2 | us-gaap |
Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
|
1170000 | usd |
CY2021Q4 | us-gaap |
Federal Home Loan Bank Borrowings Fair Value Disclosure
FederalHomeLoanBankBorrowingsFairValueDisclosure
|
222000 | usd |
CY2021Q4 | us-gaap |
Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
|
222000 | usd |
us-gaap |
Debt Instrument Redemption Price Percentage
DebtInstrumentRedemptionPricePercentage
|
0.20 | pure | |
CY2022Q1 | us-gaap |
Capital
Capital
|
500000 | usd |
CY2021Q4 | us-gaap |
Capital
Capital
|
500000 | usd |
CY2022Q2 | us-gaap |
Fair Value Concentration Of Risk Investments
FairValueConcentrationOfRiskInvestments
|
128000 | usd |
us-gaap |
Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
|
18 | ||
CY2022Q2 | satt |
Gross Proceeds
GrossProceeds
|
50000 | usd |
CY2022Q2 | us-gaap |
Temporary Equity Elimination As Partof Reorganization
TemporaryEquityEliminationAsPartofReorganization
|
2000000 | usd |
CY2022Q2 | us-gaap |
Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
|
5000000 | usd |
CY2022Q2 | us-gaap |
Lessee Finance Lease Discount Rate
LesseeFinanceLeaseDiscountRate
|
0.80 | pure |
CY2022Q2 | satt |
Number Of Warrant Outstanding
NumberOfWarrantOutstanding
|
185000 | shares |
CY2022Q2 | satt |
Average Exercise Price Warrant Outstanding
AverageExercisePriceWarrantOutstanding
|
0.43 | |
us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
126000 | usd | |
us-gaap |
Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
|
116000 | usd | |
us-gaap |
Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
|
18000 | usd | |
CY2021 | us-gaap |
Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
|
22000 | usd |
CY2022Q1 | satt |
Exercisable Options Per Share
ExercisableOptionsPerShare
|
1.29 | |
CY2022Q1 | satt |
Exercisable Options Per Share
ExercisableOptionsPerShare
|
4 | |
satt |
Options Vest Description
OptionsVestDescription
|
The options vest on a quarterly basis over a period between two and three years and expire on January 4, 2032. | ||
us-gaap |
Stock Granted During Period Value Sharebased Compensation
StockGrantedDuringPeriodValueSharebasedCompensation
|
281000 | usd | |
CY2022Q2 | satt |
Exercisable Options Per Share
ExercisableOptionsPerShare
|
3.96 | |
us-gaap |
Intermediate Life Plants Useful Life
IntermediateLifePlantsUsefulLife
|
P10Y | ||
us-gaap |
Share Based Goods And Nonemployee Services Transaction Valuation Method Expected Volatility Rate
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodExpectedVolatilityRate
|
2.23 | pure | |
us-gaap |
Share Based Goods And Nonemployee Services Transaction Valuation Method Risk Free Interest Rate
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodRiskFreeInterestRate
|
0.0171 | pure | |
pf0 |
Short Term Investments Other Average Yield
ShortTermInvestmentsOtherAverageYield
|
0 | pure | |
us-gaap |
Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
|
207000 | usd | |
satt |
Amount Of Cancelled Share Options
AmountOfCancelledShareOptions
|
211000 | usd | |
satt |
Schedule Of Warrant Activity
ScheduleOfWarrantActivity
|
<table cellpadding="0" cellspacing="0" style="border-collapse: collapse; width: 100%; font: 10pt Times New Roman, Times, Serif"> <tr style="vertical-align: bottom"> <td> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Number</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td><td style="font-weight: bold; padding-bottom: 1.5pt"> </td> <td colspan="2" style="font-weight: bold; text-align: center; border-bottom: Black 1.5pt solid">Average<br/> exercise<br/> price</td><td style="padding-bottom: 1.5pt; font-weight: bold"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="width: 76%">Warrants outstanding at January 1, 2021</td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left"> </td><td style="width: 9%; text-align: right">213,083</td><td style="width: 1%; text-align: left"> </td><td style="width: 1%"> </td> <td style="width: 1%; text-align: left">$</td><td style="width: 9%; text-align: right">0.81</td><td style="width: 1%; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 9pt">Granted</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">99,000</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0.15</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 9pt">Exercised</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-71">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-72">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 9pt">Forfeited/Cancelled</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(66,000</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">0.15</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; padding-left: 9pt">Forfeited/Cancelled</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">(47,333</td><td style="padding-bottom: 1.5pt; text-align: left">)</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">1.94</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td>Warrants outstanding at December 31, 2021</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">198,750</td><td style="text-align: left"> </td><td> </td> <td style="text-align: left">$</td><td style="text-align: right">0.54</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 9pt">Expired</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">(13,750</td><td style="text-align: left">)</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right">2.00</td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 9pt">Exercised</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-73">-</div></td><td style="text-align: left"> </td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-74">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-bottom: 1.5pt; padding-left: 9pt">Forfeited/Cancelled</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-75">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right"><div style="-sec-ix-hidden: hidden-fact-76">-</div></td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-bottom: 1.5pt">Warrants outstanding at June 30, 2022</td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">185,000</td><td style="padding-bottom: 1.5pt; text-align: left"> </td><td style="padding-bottom: 1.5pt"> </td> <td style="border-bottom: Black 1.5pt solid; text-align: left"> </td><td style="border-bottom: Black 1.5pt solid; text-align: right">0.43</td><td style="padding-bottom: 1.5pt; text-align: left"> </td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 1in; text-align: justify"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"> </span></p> | ||
CY2020Q4 | satt |
Number Of Warrant Outstanding
NumberOfWarrantOutstanding
|
213083 | shares |
CY2020Q4 | satt |
Average Exercise Price Warrant Outstanding
AverageExercisePriceWarrantOutstanding
|
0.81 | |
CY2021 | satt |
Number Warrant Granted
NumberWarrantGranted
|
99000 | shares |
CY2021 | satt |
Average Exercise Price Warrants Granted
AverageExercisePriceWarrantsGranted
|
0.15 | |
CY2021 | satt |
Numbers Warrant Forfeited Cancelled
NumbersWarrantForfeitedCancelled
|
66000 | shares |
CY2021 | satt |
Average Exercise Prices Forfeited Cancelled
AverageExercisePricesForfeitedCancelled
|
0.15 | |
CY2021 | satt |
Number Warrant Forfeited Cancelled
NumberWarrantForfeitedCancelled
|
47333 | shares |
CY2021 | satt |
Average Exercise Price Forfeited Cancelled
AverageExercisePriceForfeitedCancelled
|
1.94 | |
CY2021Q4 | satt |
Number Of Warrant Outstanding
NumberOfWarrantOutstanding
|
198750 | shares |
CY2021Q4 | satt |
Average Exercise Price Warrant Outstanding
AverageExercisePriceWarrantOutstanding
|
0.54 | |
satt |
Number Warrant Expired
NumberWarrantExpired
|
-13750 | shares | |
CY2021 | satt |
Warrants Outstanding Shares
WarrantsOutstandingShares
|
198750 | shares |
CY2021 | satt |
Class Of Warrant Or Righst Warrant Or Right Exercisable
ClassOfWarrantOrRighstWarrantOrRightExercisable
|
198750 | shares |
satt |
Warrants Outstanding Shares
WarrantsOutstandingShares
|
185000 | shares | |
satt |
Class Of Warrant Or Righst Warrant Or Right Exercisable
ClassOfWarrantOrRighstWarrantOrRightExercisable
|
185000 | shares | |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
166000 | shares |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
1.1 | |
CY2021 | satt |
Shares Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
120000 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
0.01 | |
CY2021 | satt |
Number Options Exercised
NumberOptionsExercised
|
90000 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
1.1 | |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
1000 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
3 | |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
195000 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.63 | |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
|
195000 | shares |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
|
0.63 | |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
|
166250 | shares |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
|
0.72 | |
CY2022Q2 | us-gaap |
Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
|
195000 | shares |
satt |
Class Of Warrant Or Righst Warrants Or Rights Exercisable
ClassOfWarrantOrRighstWarrantsOrRightsExercisable
|
166250 | shares | |
CY2020Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
49025 | shares |
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
227500 | shares |
CY2021 | satt |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercised
|
-80525 | shares |
CY2021Q4 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
196000 | shares |
CY2022Q2 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
|
196000 | shares |
CY2022Q3 | us-gaap |
Shares Issued
SharesIssued
|
76890 | shares |
CY2022Q3 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
4.5 | |
CY2022Q3 | us-gaap |
Shares Issued Price Per Share
SharesIssuedPricePerShare
|
1.36 | |
us-gaap |
Interest Paid Net
InterestPaidNet
|
usd | ||
us-gaap |
Stock Issued1
StockIssued1
|
usd | ||
us-gaap |
Subsequent Event Description
SubsequentEventDescription
|
During July and August 2022, Saffron Tech received a total of NIS 255 thousand in respect a crowd funding round through the Israeli crowd funding platform – Pipelbiz. Assuming the maximum amount (NIS 4.1 million) is raised, the Company will own approximately 70% of Saffron Tech. | ||
CY2022Q2 | satt |
Financial Expenses Related To Interest And Revaluation
FinancialExpensesRelatedToInterestAndRevaluation
|
250000 | usd |
CY2021Q2 | satt |
Financial Expenses Related To Interest And Revaluation
FinancialExpensesRelatedToInterestAndRevaluation
|
-176000 | usd |
satt |
Financial Expenses Related To Interest And Revaluation
FinancialExpensesRelatedToInterestAndRevaluation
|
-346000 | usd | |
satt |
Financial Expenses Related To Interest And Revaluation
FinancialExpensesRelatedToInterestAndRevaluation
|
1210000 | usd | |
satt |
Expenses Due To Change In Fair Value Of Warrant
ExpensesDueToChangeInFairValueOfWarrant
|
-39000 | usd | |
CY2022Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
-10000 | usd |
CY2021Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
29000 | usd |
us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
-28000 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
|
7000 | usd | |
CY2022Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-260000 | usd |
CY2021Q2 | us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
205000 | usd |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
318000 | usd | |
us-gaap |
Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
|
-1242000 | usd | |
us-gaap |
Debt Instrument Maturity Date
DebtInstrumentMaturityDate
|
2024-09-11 | ||
us-gaap |
Finance Lease Principal Payments
FinanceLeasePrincipalPayments
|
2000 | usd | |
CY2022Q2 | us-gaap |
Finance Lease Liability Payments Due
FinanceLeaseLiabilityPaymentsDue
|
23000 | usd |
us-gaap |
Sale Of Stock Description Of Transaction
SaleOfStockDescriptionOfTransaction
|
In the first 3 years of sales the Company shall pay 3% of the sales of the product which was developed under IIA research and development projects. In the fourth, fifth and sixth years of sales, the Company shall pay 4% of such sales and from the seventh year onwards the Company shall pay 5% of up to 100% of the amount of grants received plus interest at LIBOR. | ||
CY2022Q3 | us-gaap |
Accounts Receivable Related Parties Current
AccountsReceivableRelatedPartiesCurrent
|
100000 | usd |
satt |
Purchase Of Fixed Assets By Issuance Of Share Capital
PurchaseOfFixedAssetsByIssuanceOfShareCapital
|
usd | ||
CY2021 | satt |
Number Of Warrant Exercised
NumberOfWarrantExercised
|
shares | |
us-gaap |
Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
|
usd | ||
CY2021 | satt |
Average Exercise Price Warrant Exercised
AverageExercisePriceWarrantExercised
|
||
satt |
Number Of Warrant Exercised
NumberOfWarrantExercised
|
shares | ||
satt |
Average Exercise Price Warrant Exercised
AverageExercisePriceWarrantExercised
|
|||
satt |
Number Warrant Forfeited Cancelled
NumberWarrantForfeitedCancelled
|
shares | ||
satt |
Average Exercise Price Forfeited Cancelled
AverageExercisePriceForfeitedCancelled
|
|||
satt |
Shares Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
SharesBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
|
shares | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
|
|||
satt |
Number Options Exercised
NumberOptionsExercised
|
shares | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
|
|||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
|
shares | ||
us-gaap |
Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
|
|||
CY2021 | us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
shares | |
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Grants In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsGrantsInPeriod
|
shares | ||
satt |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Exercised
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsExercised
|
shares | ||
us-gaap |
Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
|
shares | ||
CY2022Q2 | satt |
Expenses Due To Change In Fair Value Of Warrant
ExpensesDueToChangeInFairValueOfWarrant
|
usd | |
CY2021Q2 | satt |
Expenses Due To Change In Fair Value Of Warrant
ExpensesDueToChangeInFairValueOfWarrant
|
usd | |
satt |
Expenses Due To Change In Fair Value Of Warrant
ExpensesDueToChangeInFairValueOfWarrant
|
usd | ||
CY2022Q2 | us-gaap |
Royalty Guarantees Commitments Amount
RoyaltyGuaranteesCommitmentsAmount
|
usd | |
dei |
Amendment Flag
AmendmentFlag
|
false | ||
dei |
Current Fiscal Year End Date
CurrentFiscalYearEndDate
|
--12-31 | ||
dei |
Document Fiscal Period Focus
DocumentFiscalPeriodFocus
|
Q2 | ||
dei |
Entity Central Index Key
EntityCentralIndexKey
|
0001661600 |