Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

BALANCES AND TRANSACTIONS WITH INTERESTED AND RELATED PARTIES

v3.25.1
BALANCES AND TRANSACTIONS WITH INTERESTED AND RELATED PARTIES
 12 Months Ended
Dec. 31, 2024
Related party transactions [abstract]  
BALANCES AND TRANSACTIONS WITH INTERESTED AND RELATED PARTIES [Text Block]
NOTE 24 -
BALANCES AND TRANSACTIONS WITH INTERESTED AND RELATED PARTIES
 
  A.
Balances and transactions:
 
The following table summarizes balances with related parties in the statements of financial position:
 
   
December 31,
  
   
2024
    
2023
  
             
Other current assets - main shareholders (Note 6)
  
$
134
    
$
-
  
Other current assets - former non-independent director (Note 6)
  
$
-
    
$
839
  
Trade payables - related party (Note 12)
  
$
-
    
$
187
  
Other current liabilities - related parties (Note 13)
  
$
427
    
$
239
  
Convertible debentures issued to main shareholders (Note 15)
  
$
446
    
$
-
  
Derivative warrants liabilities and prefunded warrants issued to main shareholders (Note 16)
  
$
914
    
$
8
  
 
The following table summarizes the transactions with related parties in the consolidated statements of profit or loss and other comprehensive income:
 
   
Year ended
December 31,
  
   
2024
    
2023
    
2022
  
                   
General and administrative expenses - management fee (1)
  
$
498
    
$
641
    
$
1,064
  
Finance income (expense) - Interest in income on loans granted to (received from) main shareholders
  
$
(53
)
  
$
45
    
$
26
  
Finance income - Revaluation of derivative warrants liabilities granted to main shareholders
  
$
155
    
$
1,450
    
$
-
  
Finance expenses - Revaluation of prefunded warrants granted by main shareholder
  
$
56
    
$
-
    
$
-
  
Finance expenses - Extension fee and discount amortization expenses in respect of convertible debentures granted to main shareholders
  
$
87
    
$
-
    
$
-
  
Finance expenses - Compensation expenses in respect of guarantees granted by main shareholder
  
$
815
    
$
-
    
$
-
  
 
  (1)
Include mainly compensation for management services incurred indirectly by an entity controlled by the main shareholder offset by income resulted from subleasing agreement executed between the parties.

 

  B.
Compensation of key management personnel of the Group:
 
The Company's key management personnel are directors, senior executives and management entity controlled by the main shareholder, which provides the Company with key management personnel services.
 
   
Year ended
December 31,
  
   
2024
    
2023
    
2022
  
                   
Payroll and related expenses
  
$
1,094
    
$
704
    
$
916
  
                         
Share-based compensation
  
$
63
    
$
513
    
$
437
  
                         
Professional fees (*)
  
$
724
    
$
852
    
$
1,040
  
 

(*)
Includes management fees charges during the years ended December 31, 2024, 2023 and 2022 of $481, $475 and $503, respectively.