2022 Q4 Form 10-Q Financial Statement

#000121390022072146 Filed on November 14, 2022

View on sec.gov

Income Statement

Concept 2022 Q4 2022 Q3 2021 Q3
Revenue $0.00 $0.00 $0.00
YoY Change
Cost Of Revenue
YoY Change
Gross Profit
YoY Change
Gross Profit Margin
Selling, General & Admin $170.0K $189.0K $365.0K
YoY Change -65.16% -48.22%
% of Gross Profit
Research & Development $179.0K $218.0K $125.0K
YoY Change -61.75% 74.4%
% of Gross Profit
Depreciation & Amortization $2.000K $9.000K $0.00
YoY Change -60.0%
% of Gross Profit
Operating Expenses $349.0K $218.0K $490.0K
YoY Change -63.49% -55.51%
Operating Profit -$407.0K -$490.0K
YoY Change -16.94%
Interest Expense -$363.0K -$435.0K -$98.00K
YoY Change 611.76% 343.88%
% of Operating Profit
Other Income/Expense, Net -$435.0K -$98.00K
YoY Change 343.88%
Pretax Income -$712.0K -$842.0K -$588.0K
YoY Change -29.29% 43.2%
Income Tax
% Of Pretax Income
Net Earnings -$631.0K -$842.0K -$530.0K
YoY Change -23.98% 58.87%
Net Earnings / Revenue
Basic Earnings Per Share -$0.17 -$0.01
Diluted Earnings Per Share -$0.15 -$0.17 -$139.4K
COMMON SHARES
Basic Shares Outstanding 4.194M shares 4.194M shares 3.802M shares
Diluted Shares Outstanding 4.194M shares 3.802M shares

Balance Sheet

Concept 2022 Q4 2022 Q3 2021 Q3
SHORT-TERM ASSETS
Cash & Short-Term Investments $810.0K $191.0K $916.0K
YoY Change -6.47% -79.15%
Cash & Equivalents $810.0K $191.0K $916.0K
Short-Term Investments
Other Short-Term Assets $85.00K $40.00K $190.0K
YoY Change 10.39% -78.95%
Inventory
Prepaid Expenses
Receivables
Other Receivables
Total Short-Term Assets $901.0K $242.0K $1.106M
YoY Change -6.44% -78.12%
LONG-TERM ASSETS
Property, Plant & Equipment $219.0K $209.0K $11.00K
YoY Change 3550.0% 1800.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $249.0K $243.0K $11.00K
YoY Change 378.85% 2109.09%
TOTAL ASSETS
Total Short-Term Assets $901.0K $242.0K $1.106M
Total Long-Term Assets $249.0K $243.0K $11.00K
Total Assets $1.150M $485.0K $1.117M
YoY Change 13.3% -56.58%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $55.00K $33.00K $33.00K
YoY Change 358.33% 0.0%
Accrued Expenses $32.00K $15.00K
YoY Change 60.0%
Deferred Revenue
YoY Change
Short-Term Debt $2.145M $2.176M $1.886M
YoY Change -28.36% 15.38%
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $3.719M $3.637M $2.820M
YoY Change 10.75% 28.97%
LONG-TERM LIABILITIES
Long-Term Debt $20.00K $0.00
YoY Change
Other Long-Term Liabilities $0.00 $20.00K $0.00
YoY Change -100.0%
Total Long-Term Liabilities $20.00K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $3.719M $3.637M $2.820M
Total Long-Term Liabilities $20.00K $0.00
Total Liabilities $3.719M $3.657M $2.959M
YoY Change 9.8% 23.59%
SHAREHOLDERS EQUITY
Retained Earnings -$22.60M -$21.97M
YoY Change 7.24%
Common Stock $4.000K $4.000K
YoY Change 0.0%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity -$2.844M -$3.119M -$1.842M
YoY Change
Total Liabilities & Shareholders Equity $1.150M $485.0K $1.117M
YoY Change 13.3% -56.58%

Cashflow Statement

Concept 2022 Q4 2022 Q3 2021 Q3
OPERATING ACTIVITIES
Net Income -$631.0K -$842.0K -$530.0K
YoY Change -23.98% 58.87%
Depreciation, Depletion And Amortization $2.000K $9.000K $0.00
YoY Change -60.0%
Cash From Operating Activities -$253.0K -$239.0K -$408.0K
YoY Change 427.08% -41.42%
INVESTING ACTIVITIES
Capital Expenditures $7.000K $0.00 $0.00
YoY Change 40.0%
Acquisitions
YoY Change
Other Investing Activities $5.000K $0.00 $0.00
YoY Change -600.0%
Cash From Investing Activities -$2.000K $0.00 $0.00
YoY Change -150.0%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 874.0K 288.0K 0.000
YoY Change -14666.67%
NET CHANGE
Cash From Operating Activities -253.0K -239.0K -408.0K
Cash From Investing Activities -2.000K 0.000 0.000
Cash From Financing Activities 874.0K 288.0K 0.000
Net Change In Cash 619.0K 49.00K -408.0K
YoY Change -1338.0% -112.01%
FREE CASH FLOW
Cash From Operating Activities -$253.0K -$239.0K -$408.0K
Capital Expenditures $7.000K $0.00 $0.00
Free Cash Flow -$260.0K -$239.0K -$408.0K
YoY Change 390.57% -41.42%

Facts In Submission

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1.36
satt Maximum Amount Assuming
MaximumAmountAssuming
5000000 ils
satt Saffron Tech Has Raised
SaffronTechHasRaised
2000000 ils
us-gaap Sale Of Stock Percentage Of Ownership Before Transaction
SaleOfStockPercentageOfOwnershipBeforeTransaction
0.75 pure
CY2022Q2 satt Retained Earning Accumulated Deficit
RetainedEarningAccumulatedDeficit
22005000 usd
satt Operating Cash Flow
OperatingCashFlow
732000 usd
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
CY2022Q3 satt Exercisable Options Per Share
ExercisableOptionsPerShare
3.96
CY2022Q3 us-gaap Federal Home Loan Bank Borrowings Fair Value Disclosure
FederalHomeLoanBankBorrowingsFairValueDisclosure
1302000 usd
CY2022Q3 us-gaap Financial Liabilities Fair Value Disclosure
FinancialLiabilitiesFairValueDisclosure
1302000 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
CY2022Q3 us-gaap Fair Value Concentration Of Risk Investments
FairValueConcentrationOfRiskInvestments
157000 usd
us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested Weighted Average Grant Date Fair Value
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedWeightedAverageGrantDateFairValue
18
CY2022Q3 satt Gross Proceeds
GrossProceeds
239000 usd
us-gaap Temporary Equity Elimination As Partof Reorganization
TemporaryEquityEliminationAsPartofReorganization
2000000 usd
CY2022Q3 us-gaap Capitalization Longterm Debt And Equity
CapitalizationLongtermDebtAndEquity
5000000 usd
us-gaap Malpractice Loss Contingency Discount Rate
MalpracticeLossContingencyDiscountRate
0.80 pure
CY2022Q3 us-gaap Capital Leases Indemnification Agreements Description
CapitalLeasesIndemnificationAgreementsDescription
the Company and the February 2019 Lender, October 2019 Lender and the August 2020 Lender (all the same entity) entered in an agreement (“Payoff Agreement”) pursuant to which, should the Company raise at least $2,250 by December 31, 2022, the February 2019 Loan, the October 2019 Loan and the August 2020 Loan (together the “Convertible Loans”) would be forgiven in return for $750 in cash (“Payoff Amount”). The Payoff Agreement further provides that should the Company not repay the entire Payoff Amount by December 31, 2022 but is able to raise between $250 and $2,250 by December 31, 2022 then the Company will make certain payments (between 0%-30% of amounts raised) towards repayment of the original capital amount owing on the Convertible Loans.
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
189000 usd
us-gaap Related Party Transaction Expenses From Transactions With Related Party
RelatedPartyTransactionExpensesFromTransactionsWithRelatedParty
159000 usd
us-gaap Proceeds From Other Short Term Debt
ProceedsFromOtherShortTermDebt
37000 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
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
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
us-gaap Share Based Goods And Nonemployee Services Transaction Valuation Method Risk Free Interest Rate
ShareBasedGoodsAndNonemployeeServicesTransactionValuationMethodRiskFreeInterestRate
0.0171 pure
srt Short Term Investments Other Average Yield
ShortTermInvestmentsOtherAverageYield
0 pure
us-gaap Allocated Share Based Compensation Expense
AllocatedShareBasedCompensationExpense
245000 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: 0.125in">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: 0.125in">Exercised</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-83">-</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-84">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; "> <td style="padding-left: 0.125in">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-left: 0.125in; padding-bottom: 1.5pt">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: 0.125in">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: 0.125in">Exercised</td><td> </td> <td style="text-align: left"> </td><td style="text-align: right"><div style="-sec-ix-hidden: hidden-fact-85">-</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-86">-</div></td><td style="text-align: left"> </td></tr> <tr style="vertical-align: bottom; background-color: rgb(204,238,255)"> <td style="padding-left: 0.125in; padding-bottom: 1.5pt">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-87">-</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-88">-</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 September 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"> </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
satt Average Exercise Price Expired
AverageExercisePriceExpired
2
CY2022Q3 satt Number Of Warrant Outstanding
NumberOfWarrantOutstanding
185000 shares
CY2022Q3 satt Average Exercise Price Warrant Outstanding
AverageExercisePriceWarrantOutstanding
0.43
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
CY2022Q3 us-gaap Class Of Warrant Or Right Outstanding
ClassOfWarrantOrRightOutstanding
195000 shares
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
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
195000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingWeightedAverageExercisePrice
0.63
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
171250 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.7
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
us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Forfeited In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsForfeitedInPeriod
30000 shares
CY2022Q3 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Equity Instruments Other Than Options Nonvested Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardEquityInstrumentsOtherThanOptionsNonvestedNumber
166000 shares
CY2022Q3 satt Financial Expenses Related To Interest And Revaluation
FinancialExpensesRelatedToInterestAndRevaluation
-446000 usd
CY2021Q3 satt Financial Expenses Related To Interest And Revaluation
FinancialExpensesRelatedToInterestAndRevaluation
-108000 usd
satt Financial Expenses Related To Interest And Revaluation
FinancialExpensesRelatedToInterestAndRevaluation
-100000 usd
satt Financial Expenses Related To Interest And Revaluation
FinancialExpensesRelatedToInterestAndRevaluation
-1318000 usd
satt Expenses Due To Change In Fair Value Of Warrant
ExpensesDueToChangeInFairValueOfWarrant
39000 usd
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-9000 usd
CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-10000 usd
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
17000 usd
us-gaap Foreign Currency Transaction Gain Loss Realized
ForeignCurrencyTransactionGainLossRealized
-17000 usd
CY2022Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
435000 usd
CY2021Q3 us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
98000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
117000 usd
us-gaap Foreign Currency Transaction Gain Loss Before Tax
ForeignCurrencyTransactionGainLossBeforeTax
1340000 usd
us-gaap Debt Instrument Maturity Date
DebtInstrumentMaturityDate
2024-09-11
us-gaap Finance Lease Principal Payments
FinanceLeasePrincipalPayments
2000 usd
CY2022Q3 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.
us-gaap Subsequent Event Description
SubsequentEventDescription
Assuming the maximum amount (NIS 5 million) is raised, the Company will own approximately 61% of Saffron Tech.
CY2021Q4 us-gaap Common Stock Par Or Stated Value Per Share
CommonStockParOrStatedValuePerShare
0.0001
CY2021Q3 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.01
us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.08
CY2021Q2 us-gaap Stock Issued During Period Value Restricted Stock Award Gross
StockIssuedDuringPeriodValueRestrictedStockAwardGross
usd
us-gaap Increase Decrease In Other Operating Liabilities
IncreaseDecreaseInOtherOperatingLiabilities
usd
us-gaap Interest Paid Net
InterestPaidNet
usd
us-gaap Stock Issued1
StockIssued1
usd
satt Purchase Of Fixed Assets By Issuance Of Share Capital
PurchaseOfFixedAssetsByIssuanceOfShareCapital
usd
CY2021 satt Number Of Warrant Exercised
NumberOfWarrantExercised
shares
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
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
CY2022Q3 satt Expenses Due To Change In Fair Value Of Warrant
ExpensesDueToChangeInFairValueOfWarrant
usd
CY2021Q3 satt Expenses Due To Change In Fair Value Of Warrant
ExpensesDueToChangeInFairValueOfWarrant
usd
satt Expenses Due To Change In Fair Value Of Warrant
ExpensesDueToChangeInFairValueOfWarrant
usd
CY2022Q3 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
Q3
dei Entity Central Index Key
EntityCentralIndexKey
0001661600

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