2023 Q4 Form 20-F Financial Statement

#000121390024023073 Filed on March 15, 2024

View on sec.gov

Income Statement

Concept 2023 Q4 2023 2022
Revenue $82.00K $82.00K $45.00K
YoY Change 82.22% 82.22% -68.31%
Cost Of Revenue $62.00K $62.00K $10.00K
YoY Change 520.0% 520.0% 0.0%
Gross Profit $20.00K $20.00K $40.00K
YoY Change -42.86% -50.0% -69.23%
Gross Profit Margin 24.39% 24.39% 88.89%
Selling, General & Admin $4.890M $4.890M $3.318M
YoY Change 47.38% 47.38% 156.61%
% of Gross Profit 24450.0% 24450.0% 8295.0%
Research & Development $3.316M $3.316M $2.271M
YoY Change 46.01% 46.01% 60.95%
% of Gross Profit 16580.0% 16580.0% 5677.5%
Depreciation & Amortization $48.00K $68.00K $23.00K
YoY Change 140.0% 195.65% 109.09%
% of Gross Profit 240.0% 340.0% 57.5%
Operating Expenses $8.206M $8.206M $5.589M
YoY Change 26.38% 46.82% 106.69%
Operating Profit -$8.186M -$8.186M -$6.458M
YoY Change 26.76% 26.76% 141.96%
Interest Expense $372.0K $372.0K -$40.00K
YoY Change -1078.95% -1030.0% -166.67%
% of Operating Profit
Other Income/Expense, Net
YoY Change
Pretax Income -$7.814M -$7.814M -$6.500M
YoY Change 20.29% 20.22% 149.04%
Income Tax
% Of Pretax Income
Net Earnings -$7.814M -$7.814M -$6.496M
YoY Change 20.29% 20.29% 148.51%
Net Earnings / Revenue -9529.27% -9529.27% -14435.56%
Basic Earnings Per Share -$0.48 -$0.53
Diluted Earnings Per Share -$0.48 -$0.48 -$0.53
COMMON SHARES
Basic Shares Outstanding 20.39M shares 16.20M shares 12.28M shares
Diluted Shares Outstanding 16.20M shares 12.28M shares

Balance Sheet

Concept 2023 Q4 2023 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $4.855M $4.855M $10.37M
YoY Change -53.18% -53.18% 716.54%
Cash & Equivalents $810.0K
Short-Term Investments $4.045M $4.045M
Other Short-Term Assets
YoY Change
Inventory $1.032M $1.032M $10.00K
Prepaid Expenses
Receivables $0.00
Other Receivables $600.0K
Total Short-Term Assets $6.752M $6.752M $10.98M
YoY Change -38.48% -38.51% 684.29%
LONG-TERM ASSETS
Property, Plant & Equipment $194.0K $786.0K $250.0K
YoY Change 185.29% 214.4% 525.0%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments
YoY Change
Other Assets $54.00K $54.00K
YoY Change
Total Long-Term Assets $840.0K $840.0K $240.0K
YoY Change 238.71% 250.0% 380.0%
TOTAL ASSETS
Total Short-Term Assets $6.752M $6.752M $10.98M
Total Long-Term Assets $840.0K $840.0K $240.0K
Total Assets $7.592M $7.592M $11.22M
YoY Change -32.36% -32.34% 673.79%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $410.0K $410.0K $160.0K
YoY Change 162.82% 156.25% 128.57%
Accrued Expenses $190.0K $1.066M $630.0K
YoY Change 31.03% 69.21% 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 $1.788M $1.788M $1.150M
YoY Change 55.48% 55.48% 79.69%
LONG-TERM LIABILITIES
Long-Term Debt $0.00 $0.00 $0.00
YoY Change
Other Long-Term Liabilities $278.0K $278.0K $90.00K
YoY Change 208.89% 208.89%
Total Long-Term Liabilities $278.0K $278.0K $90.00K
YoY Change 208.89% 208.89%
TOTAL LIABILITIES
Total Short-Term Liabilities $1.788M $1.788M $1.150M
Total Long-Term Liabilities $278.0K $278.0K $90.00K
Total Liabilities $2.066M $2.066M $1.240M
YoY Change 66.08% 66.61% 93.75%
SHAREHOLDERS EQUITY
Retained Earnings $21.20M
YoY Change 58.21%
Common Stock $57.00K
YoY Change 32.56%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $5.526M $5.526M $9.980M
YoY Change
Total Liabilities & Shareholders Equity $7.592M $7.592M $11.22M
YoY Change -32.36% -32.34% 673.79%

Cashflow Statement

Concept 2023 Q4 2023 2022
OPERATING ACTIVITIES
Net Income -$7.814M -$7.814M -$6.496M
YoY Change 20.29% 20.29% 148.51%
Depreciation, Depletion And Amortization $48.00K $68.00K $23.00K
YoY Change 140.0% 195.65% 109.09%
Cash From Operating Activities -$4.714M -$8.434M -$5.714M
YoY Change -17.44% 47.6% 171.71%
INVESTING ACTIVITIES
Capital Expenditures $104.0K $194.0K $48.00K
YoY Change 108.0% 304.17% 33.33%
Acquisitions
YoY Change
Other Investing Activities -$1.994M -$4.054M -$20.00K
YoY Change 9870.0% 20170.0%
Cash From Investing Activities -$2.098M -$4.248M -$66.00K
YoY Change 2897.14% 6336.36% 83.33%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net $2.000M
YoY Change
Debt Paid & Issued, Net
YoY Change
Cash From Financing Activities 1.669M $3.119M $14.88M
YoY Change -88.78% -79.04% 406.43%
NET CHANGE
Cash From Operating Activities -4.714M -$8.434M -$5.714M
Cash From Investing Activities -2.098M -$4.248M -$66.00K
Cash From Financing Activities 1.669M $3.119M $14.88M
Net Change In Cash -5.143M -$9.563M $9.099M
YoY Change -156.52% -205.1% 1038.8%
FREE CASH FLOW
Cash From Operating Activities -$4.714M -$8.434M -$5.714M
Capital Expenditures $104.0K $194.0K $48.00K
Free Cash Flow -$4.818M -$8.628M -$5.762M
YoY Change -16.35% 49.74% 169.38%

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ProceedsFromIssuanceOfUnitsOfOrdinarySharesAndWarrantsInConnectionWithTheInitialPubli
14319000 usd
CY2021 wlds Proceeds From Issuance Of Ordinary Shares And Warrants Net Of Issuance Cost
ProceedsFromIssuanceOfOrdinarySharesAndWarrantsNetOfIssuanceCost
2925000 usd
CY2022 wlds Proceeds From Issuance Of Saf Es
ProceedsFromIssuanceOfSAFEs
500000 usd
CY2022 wlds Refund To Safe Investors
RefundToSAFEInvestors
100000 usd
CY2022 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
800000 usd
CY2022 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
800000 usd
CY2022 wlds Proceeds From Issuance Of Ordinary Shares As A Result Of Exercise Of Warrants
ProceedsFromIssuanceOfOrdinarySharesAsAResultOfExerciseOfWarrants
160000 usd
CY2021 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
1000 usd
CY2021 wlds Payment On Behalf Of Issued Shares
PaymentOnBehalfOfIssuedShares
12000 usd
CY2023 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
3119000 usd
CY2022 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
14879000 usd
CY2021 us-gaap Net Cash Provided By Used In Financing Activities
NetCashProvidedByUsedInFinancingActivities
2938000 usd
CY2023 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
-9563000 usd
CY2022 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
9099000 usd
CY2021 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents Period Increase Decrease Excluding Exchange Rate Effect
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalentsPeriodIncreaseDecreaseExcludingExchangeRateEffect
799000 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
CY2023Q4 us-gaap Cash Cash Equivalents Restricted Cash And Restricted Cash Equivalents
CashCashEquivalentsRestrictedCashAndRestrictedCashEquivalents
810000 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
CY2022 us-gaap Interest Paid Net
InterestPaidNet
40000 usd
CY2023 wlds Interest Received From Deposits
InterestReceivedFromDeposits
-305000 usd
CY2022 wlds Conversion Of Safe To Equity
ConversionOfSAFEToEquity
400000 usd
CY2023 wlds Rightof Use Asset Recognized Against Lease Liability
RightofUseAssetRecognizedAgainstLeaseLiability
644000 usd
CY2022 wlds Rightof Use Asset Recognized Against Lease Liability
RightofUseAssetRecognizedAgainstLeaseLiability
229000 usd
CY2023 wlds Annual Gross Revenues Exceed
AnnualGrossRevenuesExceed
1235000000 usd
CY2023 wlds Ordinary Shares Warrants Held By Nonaffiliates
OrdinarySharesWarrantsHeldByNonaffiliates
700000000 usd
CY2023 wlds Nonconvertible Debt Securities
NonconvertibleDebtSecurities
1000000000 usd
CY2022Q3 us-gaap Proceeds From Issuance Initial Public Offering
ProceedsFromIssuanceInitialPublicOffering
13300000 usd
wlds Net Proceeds From Issuance Secondary Public Offering
NetProceedsFromIssuanceSecondaryPublicOffering
1700000 usd
CY2023Q4 us-gaap Retained Earnings Accumulated Deficit
RetainedEarningsAccumulatedDeficit
21200000 usd
CY2022Q3 wlds Warrants Exercise Into Ordinary Shares
WarrantsExerciseIntoOrdinaryShares
40000 shares
CY2022Q3 us-gaap Common Stock Shares Issued
CommonStockSharesIssued
40000 shares
CY2023 wlds Gross Proceeds
GrossProceeds
16000000 usd
CY2023 wlds Underwriting Net Proceed
UnderwritingNetProceed
14900000 usd
CY2023 wlds Underwriting Discounts And Commissions
UnderwritingDiscountsAndCommissions
1100000 usd
CY2023Q4 us-gaap Stock Issued During Period Shares New Issues
StockIssuedDuringPeriodSharesNewIssues
4444444 shares
CY2023Q4 us-gaap Proceeds From Issuance Of Common Stock
ProceedsFromIssuanceOfCommonStock
2000000 usd
CY2023Q4 us-gaap Sale Of Stock Consideration Received On Transaction
SaleOfStockConsiderationReceivedOnTransaction
1700000 usd
CY2023 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"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>b.</b></span></td> <td style="padding-right: 3pt"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>Use of estimates</b></span></td></tr> </table><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 54pt; text-align: justify"><span style="font-family: Times New Roman, Times, Serif">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.</span></p>
CY2023Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
514000 usd
CY2023Q4 us-gaap Lessee Finance Lease Renewal Term1
LesseeFinanceLeaseRenewalTerm1
P12M
CY2022Q4 us-gaap Inventory Raw Materials Net Of Reserves
InventoryRawMaterialsNetOfReserves
6000 usd
CY2023Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
206000 usd
CY2023 wlds Rate Of Monthly Severance Percentage
RateOfMonthlySeverancePercentage
0.0833 pure
CY2023Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
312000 usd
CY2023Q4 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
1032000 usd
CY2022Q4 us-gaap Fifo Inventory Amount
FIFOInventoryAmount
6000 usd
CY2023 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"><span style="font-family: Times New Roman, Times, Serif"> </span></td> <td style="width: 24px"><span style="font-family: Times New Roman, Times, Serif; font-size: 10pt"><b>r.</b></span></td> <td><span style="font-family: Times New Roman, Times, Serif; 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 0pt 0.75in; text-align: justify">The Company maintains certain cash balances in a well-known Israeli banks and a U.S.-based bank.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">The Company’s labor expenses are denominated mainly in NIS, and therefore, subject to foreign currency risk. During the year ended December 31, 2023, the Company partially hedged its foreign currency exchange risk.</p><p style="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0 0pt 0.75in; text-align: justify">The Company’s derivative instruments primarily include foreign currency forward agreements related to the NIS and associated with certain payroll payments. The Company’s foreign currency forward agreements related to foreign currency balance sheet exposure provide economic hedges but are not designated as hedges for accounting purposes. Changes in the value of the derivative, along with the transaction gain or loss on the hedged item, are recorded within the Company’s consolidated statements of loss.</p>
CY2023Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
334000 usd
CY2022Q4 us-gaap Property Plant And Equipment Gross
PropertyPlantAndEquipmentGross
140000 usd
CY2023Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
140000 usd
CY2022Q4 us-gaap Accumulated Depreciation Depletion And Amortization Property Plant And Equipment
AccumulatedDepreciationDepletionAndAmortizationPropertyPlantAndEquipment
72000 usd
CY2023Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
194000 usd
CY2022Q4 us-gaap Property Plant And Equipment Net
PropertyPlantAndEquipmentNet
68000 usd
CY2023Q4 us-gaap Lessee Operating Lease Remaining Lease Term
LesseeOperatingLeaseRemainingLeaseTerm
P2Y
CY2023 us-gaap Lessee Operating Lease Option To Extend
LesseeOperatingLeaseOptionToExtend
2 years
CY2023Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
592000 usd
CY2022Q4 us-gaap Operating Lease Right Of Use Asset
OperatingLeaseRightOfUseAsset
180000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
297000 usd
CY2022Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
68000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
278000 usd
CY2022Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
94000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
575000 usd
CY2022Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
162000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Next Twelve Months
LesseeOperatingLeaseLiabilityPaymentsDueNextTwelveMonths
308000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Two
LesseeOperatingLeaseLiabilityPaymentsDueYearTwo
289000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due Year Three
LesseeOperatingLeaseLiabilityPaymentsDueYearThree
22000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Payments Due
LesseeOperatingLeaseLiabilityPaymentsDue
619000 usd
CY2023Q4 us-gaap Lessee Operating Lease Liability Undiscounted Excess Amount
LesseeOperatingLeaseLiabilityUndiscountedExcessAmount
44000 usd
CY2023Q4 us-gaap Operating Lease Liability
OperatingLeaseLiability
575000 usd
CY2023Q4 us-gaap Operating Lease Liability Current
OperatingLeaseLiabilityCurrent
297000 usd
CY2023Q4 us-gaap Operating Lease Liability Noncurrent
OperatingLeaseLiabilityNoncurrent
278000 usd
CY2023 us-gaap Operating Lease Expense
OperatingLeaseExpense
232000 usd
CY2022 us-gaap Operating Lease Expense
OperatingLeaseExpense
74000 usd
CY2021 us-gaap Operating Lease Expense
OperatingLeaseExpense
42000 usd
CY2023 wlds Grants Received Equal Percentage Rate
GrantsReceivedEqualPercentageRate
1 pure
CY2023 wlds Annual Alternative Interest Percentage
AnnualAlternativeInterestPercentage
0.0071513 pure
CY2023 wlds Fixed Annual Interest Rate
FixedAnnualInterestRate
0.04 pure
CY2018Q4 wlds Amounts Received Aggregate Amount
AmountsReceivedAggregateAmount
1224000 usd
CY2021Q3 wlds Amounts Received Aggregate Amount
AmountsReceivedAggregateAmount
627000 usd
CY2023Q1 wlds Amount Of Development Program
AmountOfDevelopmentProgram
900000 usd
CY2023Q1 wlds Amount Of Development Program
AmountOfDevelopmentProgram
3100000 ils
CY2023Q4 wlds Percentage Of Financing
PercentageOfFinancing
0.60 pure
CY2023 wlds Total Cash Received From The Iia
TotalCashReceivedFromTheIIA
288000 usd
CY2023 wlds Except Transfer Production Right
ExceptTransferProductionRight
0.10 pure
CY2023 wlds Production Transferred
ProductionTransferred
0.10 pure
CY2023 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).
CY2023 wlds Marketing Grant Received
MarketingGrantReceived
1 pure
CY2023Q4 us-gaap Grants Receivable Current
GrantsReceivableCurrent
95000 usd
CY2023 us-gaap Lease Cost
LeaseCost
5000 usd
wlds Lease Payment Increased
LeasePaymentIncreased
0.10 pure
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
CY2023 wlds Convertible Security Description
ConvertibleSecurityDescription
The beneficial conversion feature of each one of convertible security was valued at zero.
CY2022Q2 wlds Cash Payment
CashPayment
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
CY2023Q4 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
CY2023 wlds Expense On Service Rendering
ExpenseOnServiceRendering
420000 usd
CY2022 wlds Expense On Service Rendering
ExpenseOnServiceRendering
122000 usd
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 Employee Exercised Warrants
EmployeeExercisedWarrants
4666 shares
CY2023Q2 wlds Exercisable Warrants To Shares
ExercisableWarrantsToShares
724139 shares
CY2023Q2 wlds Stock Issued During Period Shares Exercise Of Warrants
StockIssuedDuringPeriodSharesExerciseOfWarrants
724139 shares
CY2023Q2 wlds Exercise Price Per Share
ExercisePricePerShare
2
CY2023Q4 wlds Proceeds From Issuance Follow On Public Offering
ProceedsFromIssuanceFollowOnPublicOffering
2000000 usd
CY2023Q4 wlds Ordinary Shares Issued
OrdinarySharesIssued
4444444 shares
CY2023Q4 wlds Ordinary Share Per Value
OrdinarySharePerValue
0.45
CY2021Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Number Of Shares Authorized
ShareBasedCompensationArrangementByShareBasedPaymentAwardNumberOfSharesAuthorized
1832805 shares
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 Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
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 Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableWeightedAverageExercisePrice
0.614
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Gross
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodGross
471500 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Grants In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageExercisePrice
1.224
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
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
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Forfeitures In Period
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsForfeituresInPeriod
5000 shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Forfeitures In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsForfeituresInPeriodWeightedAverageExercisePrice
0.664
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
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Outstanding Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsOutstandingNumber
1454764 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageExercisePrice
0.777
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
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Exercisable Number
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsExercisableNumber
889125 shares
CY2023Q4 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Vested And Expected To Vest Outstanding Weighted Average Exercise Price
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsVestedAndExpectedToVestOutstandingWeightedAverageExercisePrice
0.612
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
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
1.224
CY2022 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
184
CY2021 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Options Grants In Period Weighted Average Grant Date Fair Value
ShareBasedCompensationArrangementByShareBasedPaymentAwardOptionsGrantsInPeriodWeightedAverageGrantDateFairValue
0.323
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
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Expected Dividend Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsExpectedDividendRate
0 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Weighted Average Volatility Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsWeightedAverageVolatilityRate
0.55 pure
CY2023 us-gaap Share Based Compensation Arrangement By Share Based Payment Award Fair Value Assumptions Risk Free Interest Rate
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueAssumptionsRiskFreeInterestRate
0.041 pure
CY2023 wlds Share Based Compensation Arrangement By Share Based Payment Award Expected Life Of Options
ShareBasedCompensationArrangementByShareBasedPaymentAwardExpectedLifeOfOptions
P6Y3M
CY2023 wlds Exercise Price Per Share
ExercisePricePerShare
1.32
CY2023 wlds Termination Period
TerminationPeriod
P10Y
CY2023 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P90D
CY2023 wlds Share Based Compensation Arrangement By Share Based Payment Award Fair Value Option Grant Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueOptionGrantDate
0.12
CY2023 wlds Options Expenses
OptionsExpenses
15000 usd
CY2023 wlds Vesting Periods
VestingPeriods
P3Y
CY2023Q2 wlds Issuance Of Shares Options
IssuanceOfSharesOptions
100000 shares
CY2023Q2 wlds Exercise Price Per Share
ExercisePricePerShare
0.55
CY2023Q2 wlds Termination Period
TerminationPeriod
P10Y
CY2023Q2 us-gaap Sharebased Compensation Arrangement By Sharebased Payment Award Options Vested And Expected To Vest Exercisable Weighted Average Remaining Contractual Term1
SharebasedCompensationArrangementBySharebasedPaymentAwardOptionsVestedAndExpectedToVestExercisableWeightedAverageRemainingContractualTerm1
P90D
CY2023Q2 wlds Share Based Compensation Arrangement By Share Based Payment Award Fair Value Option Grant Date
ShareBasedCompensationArrangementByShareBasedPaymentAwardFairValueOptionGrantDate
0.26
CY2023Q2 wlds Options Expenses
OptionsExpenses
26000 usd
CY2023Q2 wlds Vesting Periods
VestingPeriods
P3Y
CY2023 us-gaap Share Based Compensation
ShareBasedCompensation
241000 usd
CY2022 us-gaap Share Based Compensation
ShareBasedCompensation
790000 usd
CY2021 us-gaap Share Based Compensation
ShareBasedCompensation
299000 usd
CY2023Q4 wlds Exercise Price Of Warrants
ExercisePriceOfWarrants
4
CY2023 wlds Warrant Be Reduced To An Exercise Price Percentage
WarrantBeReducedToAnExercisePricePercentage
0.50 pure
CY2023 wlds Initial Exercise Price Percentage
InitialExercisePricePercentage
0.50 pure
CY2023 wlds Weighted Average Price Percentage
WeightedAveragePricePercentage
1 pure
CY2023Q4 wlds Lowest Reset Price
LowestResetPrice
2
CY2023 wlds Initial Exercise Prices Percentage
InitialExercisePricesPercentage
0.50 pure
CY2023Q4 us-gaap Operating Loss Carryforwards
OperatingLossCarryforwards
13800000 usd
CY2023Q4 us-gaap Deferred Tax Assets Valuation Allowance
DeferredTaxAssetsValuationAllowance
3200000 usd
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
CY2023 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
19000 usd
CY2022Q4 us-gaap Deposits Assets Current
DepositsAssetsCurrent
usd
CY2022Q4 us-gaap Deposits Assets Noncurrent
DepositsAssetsNoncurrent
usd
CY2023Q4 us-gaap Deferred Revenue Current
DeferredRevenueCurrent
usd
CY2023Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2022Q4 us-gaap Commitments And Contingencies
CommitmentsAndContingencies
usd
CY2023 wlds Prospective Initial Public Offering Expenses
ProspectiveInitialPublicOfferingExpenses
usd
CY2021 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.27
CY2023 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.48
CY2022 us-gaap Earnings Per Share Diluted
EarningsPerShareDiluted
-0.53
CY2022 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
12277224 shares
CY2023 us-gaap Weighted Average Number Of Diluted Shares Outstanding
WeightedAverageNumberOfDilutedSharesOutstanding
16201238 shares
CY2021 wlds Conversion Of Ordinary A Shares To Ordinary Shares Value
ConversionOfOrdinaryASharesToOrdinarySharesValue
usd
CY2022 us-gaap Stock Issued During Period Value Stock Options Exercised
StockIssuedDuringPeriodValueStockOptionsExercised
usd
CY2023 wlds Accrued Interest On Convertible Securities
AccruedInterestOnConvertibleSecurities
usd
CY2022 wlds Accrued Interest On Convertible Securities
AccruedInterestOnConvertibleSecurities
usd
CY2022 wlds Accrued Interest On Deposits
AccruedInterestOnDeposits
usd
CY2021 wlds Accrued Interest On Deposits
AccruedInterestOnDeposits
usd
CY2022 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
usd
CY2021 us-gaap Foreign Currency Transaction Gain Loss Unrealized
ForeignCurrencyTransactionGainLossUnrealized
usd
CY2023 us-gaap Increase Decrease In Accounts Receivable
IncreaseDecreaseInAccountsReceivable
usd
CY2023 wlds Increase Decrease In Advance Payments On Governmental Grant
IncreaseDecreaseInAdvancePaymentsOnGovernmentalGrant
usd
CY2022 wlds Increase Decrease In Advance Payments On Governmental Grant
IncreaseDecreaseInAdvancePaymentsOnGovernmentalGrant
usd
CY2022 us-gaap Payments To Acquire Restricted Certificates Of Deposit
PaymentsToAcquireRestrictedCertificatesOfDeposit
usd
CY2021 us-gaap Payments To Acquire Restricted Certificates Of Deposit
PaymentsToAcquireRestrictedCertificatesOfDeposit
usd
CY2023 wlds Prepayments Of Leasing
PrepaymentsOfLeasing
usd
CY2021 wlds Prepayments Of Leasing
PrepaymentsOfLeasing
usd
CY2022 wlds Proceeds From Issuance Of Shares Issued In The Public Offering Net Of Issuance Cost
ProceedsFromIssuanceOfSharesIssuedInThePublicOfferingNetOfIssuanceCost
usd
CY2021 wlds Proceeds From Issuance Of Shares Issued In The Public Offering Net Of Issuance Cost
ProceedsFromIssuanceOfSharesIssuedInThePublicOfferingNetOfIssuanceCost
usd
CY2023 wlds Proceeds From Issuance Of Units Of Ordinary Shares And Warrants In Connection With The Initial Publi
ProceedsFromIssuanceOfUnitsOfOrdinarySharesAndWarrantsInConnectionWithTheInitialPubli
usd
CY2021 wlds Proceeds From Issuance Of Units Of Ordinary Shares And Warrants In Connection With The Initial Publi
ProceedsFromIssuanceOfUnitsOfOrdinarySharesAndWarrantsInConnectionWithTheInitialPubli
usd
CY2023 wlds Proceeds From Issuance Of Ordinary Shares And Warrants Net Of Issuance Cost
ProceedsFromIssuanceOfOrdinarySharesAndWarrantsNetOfIssuanceCost
usd
CY2022 wlds Proceeds From Issuance Of Ordinary Shares And Warrants Net Of Issuance Cost
ProceedsFromIssuanceOfOrdinarySharesAndWarrantsNetOfIssuanceCost
usd
CY2023 wlds Proceeds From Issuance Of Saf Es
ProceedsFromIssuanceOfSAFEs
usd
CY2021 wlds Proceeds From Issuance Of Saf Es
ProceedsFromIssuanceOfSAFEs
usd
CY2023 wlds Refund To Safe Investors
RefundToSAFEInvestors
usd
CY2021 wlds Refund To Safe Investors
RefundToSAFEInvestors
usd
CY2023 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
usd
CY2021 us-gaap Proceeds From Lines Of Credit
ProceedsFromLinesOfCredit
usd
CY2023 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
usd
CY2021 us-gaap Repayments Of Lines Of Credit
RepaymentsOfLinesOfCredit
usd
CY2023 wlds Proceeds From Issuance Of Ordinary Shares As A Result Of Exercise Of Warrants
ProceedsFromIssuanceOfOrdinarySharesAsAResultOfExerciseOfWarrants
1449000 usd
CY2021 wlds Proceeds From Issuance Of Ordinary Shares As A Result Of Exercise Of Warrants
ProceedsFromIssuanceOfOrdinarySharesAsAResultOfExerciseOfWarrants
usd
CY2023 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
usd
CY2022 us-gaap Proceeds From Stock Options Exercised
ProceedsFromStockOptionsExercised
usd
CY2023 wlds Payment On Behalf Of Issued Shares
PaymentOnBehalfOfIssuedShares
usd
CY2022 wlds Payment On Behalf Of Issued Shares
PaymentOnBehalfOfIssuedShares
usd
CY2023 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2021 us-gaap Interest Paid Net
InterestPaidNet
usd
CY2022 wlds Interest Received From Deposits
InterestReceivedFromDeposits
usd
CY2021 wlds Interest Received From Deposits
InterestReceivedFromDeposits
usd
CY2023 wlds Conversion Of Safe To Equity
ConversionOfSAFEToEquity
usd
CY2021 wlds Conversion Of Safe To Equity
ConversionOfSAFEToEquity
usd
CY2021 wlds Rightof Use Asset Recognized Against Lease Liability
RightofUseAssetRecognizedAgainstLeaseLiability
usd
CY2022Q4 us-gaap Inventory Work In Process Net Of Reserves
InventoryWorkInProcessNetOfReserves
usd
CY2022Q4 us-gaap Inventory Finished Goods Net Of Reserves
InventoryFinishedGoodsNetOfReserves
usd
CY2023 us-gaap Stock Issued During Period Shares Stock Options Exercised
StockIssuedDuringPeriodSharesStockOptionsExercised
shares
CY2023 us-gaap Share Based Compensation Arrangements By Share Based Payment Award Options Exercises In Period Weighted Average Exercise Price
ShareBasedCompensationArrangementsByShareBasedPaymentAwardOptionsExercisesInPeriodWeightedAverageExercisePrice
CY2023Q4 us-gaap Warrants And Rights Outstanding Term
WarrantsAndRightsOutstandingTerm
P2Y
CY2023 dei Amendment Flag
AmendmentFlag
false
CY2023 dei Document Fiscal Period Focus
DocumentFiscalPeriodFocus
FY
CY2023 dei Entity Central Index Key
EntityCentralIndexKey
0001887673

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