2022 Q4 Form 20-F Financial Statement

#000121390023022124 Filed on March 22, 2023

View on sec.gov

Income Statement

Concept 2022 Q4 2022 2021 Q4
Revenue $45.00K $45.00K $142.0K
YoY Change -68.31% -68.31% 149.12%
Cost Of Revenue $10.00K $10.00K $10.00K
YoY Change 0.0% 0.0% 11.11%
Gross Profit $35.00K $40.00K $132.0K
YoY Change -73.48% -69.23% 175.0%
Gross Profit Margin 77.78% 88.89% 92.96%
Selling, General & Admin $3.318M $3.318M $1.293M
YoY Change 156.61% 156.61% 180.48%
% of Gross Profit 9480.0% 8295.0% 979.55%
Research & Development $2.271M $2.271M $1.411M
YoY Change 60.95% 60.95% 89.91%
% of Gross Profit 6488.57% 5677.5% 1068.94%
Depreciation & Amortization $20.00K $23.00K $10.00K
YoY Change 100.0% 109.09% 0.0%
% of Gross Profit 57.14% 57.5% 7.58%
Operating Expenses $6.493M $5.589M $2.801M
YoY Change 131.81% 106.69% 132.64%
Operating Profit -$6.458M -$6.458M -$2.669M
YoY Change 141.96% 141.96% 130.88%
Interest Expense -$38.00K -$40.00K $55.00K
YoY Change -169.09% -166.67% -153.92%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$6.496M -$6.500M -$2.614M
YoY Change 148.51% 149.04% 107.79%
Income Tax
% Of Pretax Income
Net Earnings -$6.496M -$6.496M -$2.614M
YoY Change 148.51% 148.51% 107.79%
Net Earnings / Revenue -14435.56% -14435.56% -1840.85%
Basic Earnings Per Share -$0.53
Diluted Earnings Per Share -$0.53 -$0.53 -$176.2K
COMMON SHARES
Basic Shares Outstanding 15.05M shares 12.28M shares
Diluted Shares Outstanding 12.28M shares

Balance Sheet

Concept 2022 Q4 2022 2021 Q4
SHORT-TERM ASSETS
Cash & Short-Term Investments $10.37M $10.37M $1.270M
YoY Change 716.54% 716.54%
Cash & Equivalents $10.37M $1.274M
Short-Term Investments
Other Short-Term Assets
YoY Change
Inventory $10.00K $10.00K $10.00K
Prepaid Expenses
Receivables $0.00 $0.00 $10.00K
Other Receivables $600.0K $600.0K $110.0K
Total Short-Term Assets $10.98M $10.98M $1.402M
YoY Change 682.88% 684.29%
LONG-TERM ASSETS
Property, Plant & Equipment $68.00K $250.0K $43.00K
YoY Change 58.14% 525.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets
YoY Change
Total Long-Term Assets $248.0K $240.0K $43.00K
YoY Change 476.74% 380.0%
TOTAL ASSETS
Total Short-Term Assets $10.98M $10.98M $1.402M
Total Long-Term Assets $248.0K $240.0K $43.00K
Total Assets $11.22M $11.22M $1.445M
YoY Change 676.75% 673.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $156.0K $160.0K $72.00K
YoY Change 116.67% 128.57%
Accrued Expenses $145.0K $630.0K $47.00K
YoY Change 208.51% 133.33%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $0.00
YoY Change
Long-Term Debt Due
YoY Change
Total Short-Term Liabilities $1.150M $1.150M $638.0K
YoY Change 80.25% 79.69%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $90.00K $90.00K
YoY Change
Total Long-Term Liabilities $90.00K $90.00K $0.00
YoY Change
TOTAL LIABILITIES
Total Short-Term Liabilities $1.150M $1.150M $638.0K
Total Long-Term Liabilities $90.00K $90.00K $0.00
Total Liabilities $1.244M $1.240M $638.0K
YoY Change 94.98% 93.75%
SHAREHOLDERS EQUITY
Retained Earnings $13.40M
YoY Change
Common Stock $43.00K $31.00K
YoY Change 38.71%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $9.980M $9.980M $807.0K
YoY Change
Total Liabilities & Shareholders Equity $11.22M $11.22M $1.445M
YoY Change 676.75% 673.79%

Cashflow Statement

Concept 2022 Q4 2022 2021 Q4
OPERATING ACTIVITIES
Net Income -$6.496M -$6.496M -$2.614M
YoY Change 148.51% 148.51% 107.79%
Depreciation, Depletion And Amortization $20.00K $23.00K $10.00K
YoY Change 100.0% 109.09% 0.0%
Cash From Operating Activities -$5.710M -$5.714M -$1.610M
YoY Change 254.66% 171.71% 973.33%
INVESTING ACTIVITIES
Capital Expenditures $50.00K $48.00K $30.00K
YoY Change 66.67% 33.33%
Acquisitions
YoY Change
Other Investing Activities -$20.00K -$20.00K
YoY Change
Cash From Investing Activities -$70.00K -$66.00K -$30.00K
YoY Change 133.33% 83.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 14.88M $14.88M 10.00K
YoY Change 148700.0% 406.43%
NET CHANGE
Cash From Operating Activities -5.710M -$5.714M -1.610M
Cash From Investing Activities -70.00K -$66.00K -30.00K
Cash From Financing Activities 14.88M $14.88M 10.00K
Net Change In Cash 9.100M $9.099M -1.630M
YoY Change -658.28% 1038.8% 986.67%
FREE CASH FLOW
Cash From Operating Activities -$5.710M -$5.714M -$1.610M
Capital Expenditures $50.00K $48.00K $30.00K
Free Cash Flow -$5.760M -$5.762M -$1.640M
YoY Change 251.22% 169.38% 993.33%

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CY2020 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-1105000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1274000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
475000 usd
CY2019Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1580000 usd
CY2022Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
10373000 usd
CY2021Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
1274000 usd
CY2020Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
475000 usd
CY2022 us-gaap Interest Paid Net
InterestPaidNet
40000 usd
CY2022 wlds Conversion Of Safe To Equity
ConversionOfSAFEToEquity
400000 usd
CY2022 wlds Rightof Use Asset Recognized Against Lease Liability
RightofUseAssetRecognizedAgainstLeaseLiability
229000 usd
CY2022Q3 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
13300000 usd
CY2022Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
13400000 usd
CY2022Q3 wlds Warrants Exercise Into Ordinary Shares
WarrantsExerciseIntoOrdinaryShares
40000 shares
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
40000 shares
CY2022 wlds Gross Proceeds
GrossProceeds
16000000 usd
CY2022 wlds Underwriting Net Proceed
UnderwritingNetProceed
14900000 usd
CY2022 wlds Underwriting Discounts And Commissions
UnderwritingDiscountsAndCommissions
1100000 usd
CY2023Q1 us-gaap Share Price
SharePrice
0.54
CY2023Q1 wlds Warrant Price
WarrantPrice
0.09
CY2022 us-gaap Use Of Estimates
UseOfEstimates
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 24px"><span style="font-size: 10pt"><b>b.</b></span></td> <td style="padding-right: 3pt"><span style="font-size: 10pt"><b>Use of estimates</b></span></td></tr> </table><p style="text-align: left; font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 0"><b> </b></p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: left">The preparation of the consolidated financial statements in conformity with U.S. GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities, as well as to disclose contingent liabilities at the date of the financial statements and the reported amounts of revenues and expenses during the reporting years. On an ongoing basis, management evaluates its estimates, judgments and assumptions. Management bases its estimates, judgments and assumptions on historical experience and on various other factors that are believed to be reasonable under the circumstances. Actual results could differ from those estimates.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 3pt 0pt 0"> </p>
CY2022Q4 us-gaap Debt Weighted Average Interest Rate
DebtWeightedAverageInterestRate
0.08 pure
CY2022 wlds Rate Of Monthly Severance Percentage
RateOfMonthlySeverancePercentage
0.0833 pure
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
140000 usd
CY2021Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
92000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
72000 usd
CY2021Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
49000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
68000 usd
CY2021Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
43000 usd
CY2022 us-gaap Concentration Risk Credit Risk
ConcentrationRiskCreditRisk
<table cellpadding="0" cellspacing="0" style="font: 10pt Times New Roman, Times, Serif; width: 100%; border-collapse: collapse"> <tr style="vertical-align: top"> <td style="width: 48px"> </td> <td style="width: 24px"><span style="font-size: 10pt"><b>r.</b></span></td> <td><span style="font-size: 10pt"><b>Concentration of Credit Risk</b></span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">The Company maintains certain cash balances in a well-known Israeli bank.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0"> </p>
CY2022 wlds Grants Received Equal Percentage Rate
GrantsReceivedEqualPercentageRate
1 pure
CY2018Q4 wlds Amounts Received Aggregate Amount
AmountsReceivedAggregateAmount
1224000 usd
CY2021Q3 wlds Total Expenses Of Iia Plan
TotalExpensesOfIIAPlan
598000 usd
CY2022 wlds Total Cash Received From The Iia
TotalCashReceivedFromTheIIA
544000 usd
CY2022 wlds Except Transfer Production Right
ExceptTransferProductionRight
0.10 pure
CY2022 wlds Production Transferred
ProductionTransferred
0.10 pure
CY2022 wlds Pay Increased Royalties Description
PayIncreasedRoyaltiesDescription
the Company would be required to pay increased royalties, which usually amount to 1% in addition to the standard royalties rate 3%-3.5%, and also the total amount of its liability to the IIA may be increased to between 120% and 300% of the grants received from the IIA, depending on the manufacturing volume that is performed outside Israel (less royalties already paid to IIA).
CY2022 wlds Marketing Grant Received
MarketingGrantReceived
1 pure
CY2022Q4 us-gaap Grants Receivable Current
GrantsReceivableCurrent
102000 usd
CY2022 us-gaap Lease Cost
LeaseCost
5000 usd
wlds Lease Payment Increased
LeasePaymentIncreased
0.10 pure
CY2022 us-gaap Lease And Rental Expense
LeaseAndRentalExpense
74000 usd
CY2017 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
400000 usd
CY2018 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
600000 usd
CY2019Q1 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
100000 usd
CY2019Q2 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
200000 usd
CY2019Q4 us-gaap Proceeds From Convertible Debt
ProceedsFromConvertibleDebt
100000 usd
CY2022Q4 us-gaap Debt Instrument Interest Rate Stated Percentage
DebtInstrumentInterestRateStatedPercentage
0.04 pure
CY2022 wlds Ordinary Shares Par Value
OrdinarySharesParValue
0.01
CY2019Q4 us-gaap Debt Instrument Face Amount
DebtInstrumentFaceAmount
1500000 usd
CY2022 wlds Convertible Security Description
ConvertibleSecurityDescription
The beneficial conversion feature of each one of convertible security was valued at zero.
CY2022Q2 us-gaap Convertible Debt
ConvertibleDebt
300000 usd
CY2022Q2 wlds Premoney Valuation Amount
PremoneyValuationAmount
26400000 usd
CY2021Q2 wlds Warrant Price Per Share Percentage
WarrantPricePerSharePercentage
0.80 pure
CY2021Q2 wlds Purchase Price Per Share
PurchasePricePerShare
2.25
CY2021Q2 wlds Purchase Price Per Share
PurchasePricePerShare
2.25
CY2022Q3 us-gaap Class Of Warrant Or Right Exercise Price Of Warrants Or Rights1
ClassOfWarrantOrRightExercisePriceOfWarrantsOrRights1
2
CY2022Q3 us-gaap Other Borrowings
OtherBorrowings
800000 usd
CY2022Q4 us-gaap Line Of Credit Facility Maximum Borrowing Capacity
LineOfCreditFacilityMaximumBorrowingCapacity
1000000 usd
CY2022Q3 wlds Aggregate Amount
AggregateAmount
800000 usd
CY2022Q3 us-gaap Line Of Credit Facility Interest Rate At Period End
LineOfCreditFacilityInterestRateAtPeriodEnd
0.04 pure
CY2022Q4 us-gaap Shares Issued Price Per Share
SharesIssuedPricePerShare
1.22
CY2022 wlds Vesting Periods
VestingPeriods
P3Y
CY2021Q4 wlds Issuance Of Shares Options
IssuanceOfSharesOptions
22205 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures And Expirations In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresAndExpirationsInPeriodWeightedAverageExercisePrice
2.25
CY2021Q4 wlds Termination Period
TerminationPeriod
P10Y
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P90D
CY2021Q4 wlds Share Based Compensation Options
ShareBasedCompensationOptions
420090 shares
CY2021Q2 wlds Ordinary Shares Warrant Exercisable
OrdinarySharesWarrantExercisable
671687 shares
CY2022 wlds Saf Es Amount
SAFEsAmount
500000 usd
CY2022 wlds Investor
Investor
5
CY2022 wlds Investor Amount
InvestorAmount
100000 usd
CY2022 wlds Converted Amount
ConvertedAmount
400000 usd
CY2022Q4 wlds Converted To Ordinary Shares
ConvertedToOrdinaryShares
118204 shares
CY2022Q4 us-gaap Cash
Cash
100000 usd
CY2022Q4 us-gaap Temporary Equity Aggregate Amount Of Redemption Requirement
TemporaryEquityAggregateAmountOfRedemptionRequirement
25000 usd
CY2022Q3 wlds Investors Exercised Warrants
InvestorsExercisedWarrants
40000 shares
CY2022Q4 wlds Investors Exercised Warrants
InvestorsExercisedWarrants
4666 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
863264 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.614
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
765576 shares
CY2020Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.55
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
145000 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.184
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
351000 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
0.323
CY2022 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
4666 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.003
CY2021 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
241533 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
0.003
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
15334 shares
CY2022 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.003
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
11779 shares
CY2021 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.003
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
988264 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
0.563
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
863264 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
0.614
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
753236 shares
CY2022Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
0.703
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
564846 shares
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
0.92
CY2021Q4 wlds Options Valued Amount
OptionsValuedAmount
932000 usd
CY2021Q4 wlds Vesting Periods
VestingPeriods
P3Y
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
2.53
CY2021Q2 wlds Exercise Price Per Share
ExercisePricePerShare
2.25
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedVolatilityRate
0.39 pure
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.016 pure
CY2022 wlds Initial Exercise Percentage
InitialExercisePercentage
50 usd
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
usd
CY2020 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
usd
CY2021Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Fair Value Assumptions Expected Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardFairValueAssumptionsExpectedTerm1
P10Y
CY2022Q1 wlds Issuance Of Shares Options
IssuanceOfSharesOptions
105000 shares
CY2022Q1 wlds Exercise Price Per Share
ExercisePricePerShare
0.003
CY2022Q1 wlds Termination Period
TerminationPeriod
P10Y
CY2022Q1 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P90D
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Per Share Weighted Average Price Of Shares Purchased
ShareBasedCompensationArrangementByShareBasedPaymentAwardPerShareWeightedAveragePriceOfSharesPurchased
2.8
CY2022Q1 wlds Options Expenses
OptionsExpenses
294000 usd
CY2022Q1 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Award Vesting Period1
ShareBasedCompensationArrangementByShareBasedPaymentAwardAwardVestingPeriod1
P3Y
CY2022Q4 wlds Exercise Price Per Share
ExercisePricePerShare
0.66
CY2022Q4 wlds Issuance Of Shares Options
IssuanceOfSharesOptions
40000 shares
CY2022Q4 wlds Options To Purchase Of Ordinary Shares
OptionsToPurchaseOfOrdinaryShares
30000 shares
CY2022Q4 wlds Termination Period
TerminationPeriod
P10Y
CY2022Q4 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P90D
CY2022Q4 us-gaap Fair Value Option Ineligible Items Aggregate Carrying Amount
FairValueOptionIneligibleItemsAggregateCarryingAmount
0.29 usd
CY2022Q4 wlds Options Expenses
OptionsExpenses
20000 usd
CY2022Q4 wlds Vesting Periods
VestingPeriods
P3Y
CY2022Q4 wlds Option To Ordinary Shares
OptionToOrdinaryShares
424653 shares
CY2022Q4 us-gaap Shares Held In Employee Stock Option Plan Allocated
SharesHeldInEmployeeStockOptionPlanAllocated
2257458 shares
CY2022 wlds Options Expire Term
OptionsExpireTerm
P10Y
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
790000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
299000 usd
CY2020 us-gaap Share Based Compensation
ShareBasedCompensation
67000 usd
CY2022Q4 wlds Exercise Price Of Warrants
ExercisePriceOfWarrants
4
CY2022Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P2Y
CY2022 wlds Warrant Be Reduced To An Exercise Price Percentage
WarrantBeReducedToAnExercisePricePercentage
0.50 pure
CY2022 wlds Initial Exercise Price Percentage
InitialExercisePricePercentage
0.50 pure
CY2022 wlds Weighted Average Price Percentage
WeightedAveragePricePercentage
1 pure
CY2022Q4 us-gaap Share Price
SharePrice
2
CY2021 wlds Proceeds From Issuance Of Units Of Ordinary Shares And Warrants In Connection With The Initial Publi
ProceedsFromIssuanceOfUnitsOfOrdinarySharesAndWarrantsInConnectionWithTheInitialPubli
usd
CY2020 wlds Proceeds From Issuance Of Units Of Ordinary Shares And Warrants In Connection With The Initial Publi
ProceedsFromIssuanceOfUnitsOfOrdinarySharesAndWarrantsInConnectionWithTheInitialPubli
usd
CY2022 wlds Proceeds From Issuance Of Ordinary Shares And Warrants Net Of Issuance Cost
ProceedsFromIssuanceOfOrdinarySharesAndWarrantsNetOfIssuanceCost
usd
CY2020 wlds Proceeds From Issuance Of Ordinary Shares And Warrants Net Of Issuance Cost
ProceedsFromIssuanceOfOrdinarySharesAndWarrantsNetOfIssuanceCost
usd
CY2021 wlds Proceeds From Issuance Of Saf Es
ProceedsFromIssuanceOfSAFEs
usd
CY2020 wlds Proceeds From Issuance Of Saf Es
ProceedsFromIssuanceOfSAFEs
usd
CY2021 wlds Refund To Safe Investors
RefundToSAFEInvestors
usd
CY2020 wlds Refund To Safe Investors
RefundToSAFEInvestors
usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
usd
CY2020 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
usd
CY2022Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
8800000 usd
CY2022Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
2000000 usd
CY2020 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2021 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022 us-gaap Effective Income Tax Rate Reconciliation At Federal Statutory Income Tax Rate
EffectiveIncomeTaxRateReconciliationAtFederalStatutoryIncomeTaxRate
0.21 pure
CY2022Q1 wlds Officer Employee Monthly Salary
OfficerEmployeeMonthlySalary
70000 ils
CY2022Q1 wlds Related Party Monthly Salary
RelatedPartyMonthlySalary
21000 usd
CY2022 dei Document Accounting Standard
DocumentAccountingStandard
U.S. GAAP
CY2022Q4 us-gaap Receivables Net Current
ReceivablesNetCurrent
usd
CY2021Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
usd
CY2021Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
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
CY2020 wlds Prospective Initial Public Offering Expenses
ProspectiveInitialPublicOfferingExpenses
usd
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.27
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.53
CY2020 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
6459910 shares
CY2021 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
9709590 shares
CY2022 wlds Accrued Interest On Convertible Securities
AccruedInterestOnConvertibleSecurities
usd
CY2020 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
usd
CY2022 wlds Increasedecrease In Advance Payments On Governmental Grant
IncreasedecreaseInAdvancePaymentsOnGovernmentalGrant
usd
CY2021 wlds Prepayments Of Leasing
PrepaymentsOfLeasing
usd
CY2020 wlds Prepayments Of Leasing
PrepaymentsOfLeasing
usd
CY2021 wlds Proceeds From Issuance Of Ordinary Shares As A Result Of Exercise Of Warrants
ProceedsFromIssuanceOfOrdinarySharesAsAResultOfExerciseOfWarrants
usd
CY2020 wlds Proceeds From Issuance Of Ordinary Shares As A Result Of Exercise Of Warrants
ProceedsFromIssuanceOfOrdinarySharesAsAResultOfExerciseOfWarrants
usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
usd
CY2020 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
usd
CY2022 wlds Payment On Behalf Of Issued Shares
PaymentOnBehalfOfIssuedShares
usd
CY2020 wlds Payment On Behalf Of Issued Shares
PaymentOnBehalfOfIssuedShares
usd
CY2020 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2020 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2021 wlds Conversion Of Safe To Equity
ConversionOfSAFEToEquity
usd
CY2020 wlds Conversion Of Safe To Equity
ConversionOfSAFEToEquity
usd
CY2021 wlds Rightof Use Asset Recognized Against Lease Liability
RightofUseAssetRecognizedAgainstLeaseLiability
usd
CY2020 wlds Rightof Use Asset Recognized Against Lease Liability
RightofUseAssetRecognizedAgainstLeaseLiability
usd
CY2022 wlds Sales And Marketing Expenses
SalesAndMarketingExpenses
usd
CY2022 wlds Warrants Exercisable Term
WarrantsExercisableTerm
P5Y
CY2022 dei Amendment Flag
AmendmentFlag
false
CY2022 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2022 dei Entity Central Index Key
EntityCentralIndexKey
0001887673

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