2022 Q3 Form 10-Q Financial Statement

#000121390022047366 Filed on August 12, 2022

View on sec.gov

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

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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

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