What changed in this filing

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Item 1. Financial Statements

2021-11-15 compared with 2021-08-16 · 53 added, 54 removed, 195 unchanged (35% of the section changed)

2 unchanged sentences

CONSOLIDATED BALANCE SHEETS

June 30, 2021

December 31, 2020

In thousands of US dollars

(except share data)

June 30, 2021

December 31, 2020

September 30,

Current Assets

20 unchanged sentences

500,000,000 shares authorized;

15,444,697 shares issued and outstanding as of June 30, 2021 and December 31, 2020

15,444,697 shares issued and outstanding as of September 30, 2021 and December 31, 2020

Additional paid-in capital

9 unchanged sentences

US dollars (except share data)

period ended June 30,

ended September 30,

period ended September 30,

Research and development

3 unchanged sentences

Operating Loss

Other Income (expenses)

Finance Income, net

7 unchanged sentences

CONSOLIDATED STATEMENT OF CHANGES IN STOCKHOLDERS’ EQUITY

Comprehensive

Total Stockholders’ Equity (Deficit)

US Dollars (except share data)

8 unchanged sentences

Stock-based compensation

Balance at June 30, 2020

Balance at April 1, 2020

Balance at September 30, 2020

Balance at July 1, 2020

Loss for the period of three months

2 unchanged sentences

Stock-based compensation

Balance at June 30, 2020

Balance at September 30, 2020

Balance at January 1, 2021

3 unchanged sentences

Stock-based compensation

Balance at June 30, 2021

Balance at April 1, 2021

Balance at September 30, 2021

Balance at July 1, 2021

Loss for the period

Other comprehensive loss

Stock-based compensation

Issuance of shares as settlement of financial liabilities

Balance at June 30, 2021

Stock-based compensation

Balance at September 30, 2021

accompanying notes are an integral part of these condensed consolidated financial statements.

1 unchanged sentence

CONSOLIDATED STATEMENTS OF CASH FLOWS

Six-month period ended June 30.

Nine-month period ended

September 30.

CASH FLOWS FROM OPERATING ACTIVITIES

4 unchanged sentences

Linkage difference on principal of loans from stockholders

Gain from settlement of liability to service provider

Changes in assets and liabilities:

Increase in accounts receivable

Increase in inventory

16 unchanged sentences

information on financing activities not involving cash flows (unaudited):

the six months ending June 30, 2021 and 2020, the Company settled independent board members’ fees for the first half

the Nine months ending September 30, 2021 and 2020, the Company settled independent board members’ fees for the first nine month

of 2020 and 2021 in the amount of approximately $ 168 and $ 25 thousand through the issuance of shares of common stock.

the six months ending June 30, 2020, an amount of $ 756

thousand representing the fair value of warrants

issued as consideration for placement agent services.

the Nine months ending September 30, 2020, an amount of $ 756 thousand representing the fair value of warrants issued as consideration

for placement agent services.

This amount was accounted for as Warrants with down-round protection.

Upon issuance,

the fair value was recognized as an increase in additional paid in capital.

Upon issuance, the fair value was

recognized as an increase in additional paid in capital.

accompanying notes are an integral part of these condensed consolidated financial statements.

23 unchanged sentences

revenues from operations, and therefore they are dependent upon external sources for financing their operations.

As of June 30, 2021,

As of September

30, 2021, the Company has an accumulated deficit of $ 95,960 thousand.

In addition, in each year since its inception, the Company reported losses

from operations and negative cash flows from operating activities

In addition, in each year since its inception, the Company

reported losses from operations and negative cash flows from operating activities

February 14, 2020, the Company closed on a $ 15 million private placement of its common stock, for which it received net cash in excess

of $ 13,009 thousand.

As of June 30,2021, the company had cash and cash equivalents in the amount of approximately $ 7,892 thousand,

As of September 30,2021, the company had cash and cash equivalents in the amount of approximately $ 7,000 thousand,

which is expected to be sufficient to meet its capital needs for at least 12 months from the date of issuance of these interim financial

statements, thus the Company is expected to be able to operate as a going concern for at least 12 months from the date hereof.

On August 13, 2021, the Company effected a reverse split

of its Ordinary Shares in a ratio of 1 for 13 (the “Reverse Share Split”), see more details in Note 4.

connection with its application to list its shares on NASDAQ, on August 13, 2021, the Company effected a reverse split of its Ordinary

Shares in a ratio of 1 for 13 (the “Reverse Share Split”).

For accounting purposes, all Shares, options and warrants

to purchase Ordinary Shares and loss per share amounts have been adjusted to give retroactive effect to this Reverse Share Split

for all periods presented in these consolidated interim financial statements.

Any fractional shares resulting from the Reverse Share

Split were rounded up to the nearest whole share.

September 27, 2021, the Company’s shelf registration statement on Form S-3 (file no.

333-259664) was declared effective by the SEC.

The shelf registration statement permits the

Company to register upto $ 100,000,000

certain equity and debt securities of the Company via prospectus supplement.

APPLICATIONS, INC.

15 unchanged sentences

All such adjustments are of a normal recurring nature

results for the three and six months ended June 30, 2021 are not necessarily indicative of the results to be expected for the year

ending December 31, 2021 or for any other interim period or for any future period.

results for the three and nine months ended September 30, 2021 are not necessarily indicative of the results to be expected for the

year ending December 31, 2021 or for any other interim period or for any future period.

of Consolidation

12 unchanged sentences

for a period in which a net loss is reported or if their effect is anti-dilutive.

amount of 6,360,344

and 6,417,525

outstanding stock options and stock warrants

have been excluded from the calculation of the diluted net loss per share for the periods of six months ended June 30, 2021

and 2020, respectively, because the effect of the common shares issuable as a result of the exercise of such

instruments was determined to be anti-dilutive.

amount of 6,356,344 and 6,257,459 outstanding stock options and stock warrants have been excluded from the calculation of the diluted

net loss per share for the periods of nine months ended September 30, 2021 and 2020, respectively, because the effect of the common

shares issuable as a result of the exercise of such instruments was determined to be anti-dilutive.

APPLICATIONS, INC.

8 unchanged sentences

As applicable to these consolidated

interim financial statements, the most significant estimates and assumptions relate to the determination of net realizable

value of inventory.

interim financial statements, the most significant estimates and assumptions relate to the determination of net realizable value

of inventory.

Reclassified Amounts

10 unchanged sentences

components of lease costs, lease term and discount rate are as follows:

SCHEDULE OF LEASE COSTS, LEASE TERM AND DISCOUNT

Six Months Ended

June 30, 2021

OF LEASE COSTS, LEASE TERM AND DISCOUNT

Nine Months Ended

September 30, 2021

Operating lease cost:

4 unchanged sentences

3 – LEASES (cont.)

following is a schedule, by years, of maturities of operating lease liabilities as of June 30, 2021:

SCHEDULE OF OPERATING LEASE MATURITY PAYMENTS

remainder of 2021

operating lease payments

following is a schedule, by years, of maturities of operating lease liabilities as of September 30, 2021:

OF OPERATING LEASE MATURITY PAYMENTS

September 30, 2021

The remainder of 2021

Total operating lease payments

imputed interest

value of lease liabilities

Present value of lease liabilities

4 – SUBSEQUENT EVENTS

connection with its application to list its shares on NASDAQ, on August

13, 2021, the Company effected a reverse split of its Ordinary Shares in a ratio of 1

for 13 (the “Reverse Share Split”).

For accounting purposes, all Shares, options and warrants to purchase Ordinary Shares and loss per share amounts have been adjusted

to give retroactive effect to this Reverse Share Split for all periods presented in these consolidated interim financial statements.

Any fractional shares resulting from the Reverse Share Split were rounded up to the nearest whole share.

[to be updated if any before filing].

Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.

What changed 10-Q

Item 1. Financial Statements