What changed in this filing

/stocks — the workspaceLOADING

Item 2. Management’s Discussion and Analysis

2021-11-15 compared with 2021-08-12 · 52 added, 52 removed, 138 unchanged (43% of the section changed)

2 unchanged sentences

following management’s discussion and analysis section should be read in conjunction with the Company’s unaudited financial

statements as of June 30, 2021 and 2020, and the related statements of comprehensive loss, statement of changes in stockholders’

statements as of September 30, 2021 and 2020, and the related statements of comprehensive loss, statement of changes in stockholders’

equity (deficit) and statements of cash flows for the three months then ended, and the related notes thereto contained in this Quarterly

30 unchanged sentences

the risks and uncertainties described in this Quarterly Report on Form 10-Q, and those contained in section captioned “Risk Factors”

of our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed with the Securities and Exchange Commission

(the “SEC”) on March 16, 2021 (the “Annual Report”).

The Company’s actual results could differ materially

from those contemplated in these forward-looking statements as a result of these factors.

The Company does not undertake any obligation

to update forward-looking statements to reflect events or circumstances occurring after the date of this Quarterly Report.

of our Annual Report on Form 10-K for the fiscal year ended December 31, 2020, filed with the Securities and Exchange Commission (the

“SEC”) on March 16, 2021 (the “Annual Report”).

The Company’s actual results could differ materially from

those contemplated in these forward-looking statements as a result of these factors.

The Company does not undertake any obligation to

update forward-looking statements to reflect events or circumstances occurring after the date of this Quarterly Report.

and background

49 unchanged sentences

of Operations

of Operations During the Three Months Ended June 30, 2021 as Compared to the Three Months Ended June 30, 2020

revenues were $17 thousand for the three months ended June 30, 2021, compared to $33 thousand during the same period in the prior

The reason for the decrease in the three months ended June 30, 2021 is due to the fact that beginning on January 1, 2020, the Company

announced and began implementing certain cost reduction measures.

research and development expenses were $12 thousand for the three months ended June 30, 2021, as compared to $0 thousand during the same

period in the prior year.

The reason for the increase in the three months ended June 30, 2021 is due to the fact that the Company

hired a new research and development team during the second half of 2020.

general and administrative expenses decreased to $79 thousand for the three months ended June 30, 2021 as compared to $94 thousand

during the same period in the prior year.

The reason for the decrease in the three months ended June 30, 2021 is that beginning on January

of Operations During the Three Months Ended September 30, 2021 as Compared to the Three Months Ended September 30, 2020

revenues were $7 thousand for the three months ended September 30, 2021, compared to $17 thousand during the same period in the prior

The reason for the decrease in the three months ended September 30, 2021 is due to the fact that beginning on January 1, 2020,

the Company announced and began implementing certain cost reduction measures.

net financial expenses was $4 thousand for the three months ended June 30, 2021, compared to net financial expenses of $32 thousand during

research and development expenses were $19 thousand for the three months ended September 30, 2021, as compared to $0 thousand during

the same period in the prior year.

The reason for the decrease in the three months ended June 30, 2021 is due to the US dollar exchange

rate decrease during the three months ended June 30, 2021 as compared the same period in the prior year.

tax on income was $1 thousand for the three months ended June 30, 2021, slightly increase as compared to $0 thousand during the same

period in the prior year.

of Operations During the Six Months Ended June 30, 2021 as Compared to the Six Months Ended June 30, 2020

revenues were $25 thousand for the six months ended June 30, 2021, compared to $70 thousand during the same period in the prior year.

The reason for the decrease in the six months ended June 30, 2021 is due to the fact that beginning on January 1, 2020, the Company announced

and began implementing certain cost reduction measures.

cost of revenues were $0 thousand for the six months ended June 30, 2021, which is a slight decrease compared to $4 thousand during the

The reason for the increase in the three months ended September 30, 2021 is due to the fact that the

Company hired a new research and development team during the second half of 2020.

general and administrative expenses increased to $79 thousand for the three months ended September 30, 2021 as compared to $70 thousand

during the same period in the prior year.

The reason for the increase during the three months ended September 30, 2021 is due to the

payment of legal fees in connection with the Emerald Israel lawsuit (for additional information, please refer to Part II, Item 1 “Legal

Proceedings” in this Quarterly Report), which was dismissed during the three months ended September 30, 2021.

net financial expenses were $5 thousand for the three months ended September 30, 2021, compared to net financial income of $11 thousand

during the same period in the prior year.

The reason for the increase in the three months ended September 30, 2021 is due to the US dollar

exchange rate decrease during the three months ended September 30, 2021 as compared the same period in the prior year.

tax on income was $1 thousand for the three months ended September 30, 2021, slightly increase as compared to $0 thousand during the

same period in the prior year.

research and development expenses were $28 thousand for the six months ended June 30, 2021, as compared to $59 thousand during the same

period in the prior year.

The reason for the decrease in the six months ended June 30, 2021 is due to the fact that beginning on January

1, 2020, the Company announced and began implementing certain cost reduction measures.

selling and marketing expenses were $2 thousand for the six months ended June 30, 2021, which is a slight decrease as compared to $7

thousand during the same period in the prior year.

general and administrative expenses increased to $142 thousand for the six months ended June 30, 2021 as compared to $269 thousand during

of Operations During the Nine Months Ended September 30, 2021 as Compared to the Nine Months Ended September 30, 2020

revenues were $32 thousand for the nine months ended September 30, 2021, compared to $86 thousand during the same period in the prior

The reason for the decrease in the nine months ended September 30, 2021 is due to the fact that beginning on January 1, 2020, the

Company announced and began implementing certain cost reduction measures.

cost of revenues were $0 thousand for the nine months ended September 30, 2021, which is a slight decrease compared to $5 thousand during

the same period in the prior year.

The reason for the decrease in the six months ended June 30, 2021 is due to the fact that beginning

on January 1, 2020, the Company announced and began implementing certain cost reduction measures.

net financial expenses was $11 thousand for the six months ended June 30, 2021, compared to net financial expenses of $4 thousand during

research and development expenses were $47 thousand for the nine months ended September 30, 2021, as compared to $59 thousand during

the same period in the prior year.

The reason for the financial increase in the six months ended June 30, 2021 is due to the US dollar

exchange rate increase during the six months ended June 30, 2021 as compared the same period in the prior year.

tax on income was $1 thousand for the six months ended June 30, 2021, slightly decreased as compared to $2 thousand during the same period

in the prior year.

The reason for the decrease in the nine months ended September 30, 2021 is due to the fact that beginning

on January 1, 2020, the Company announced and began implementing certain cost reduction measures.

selling and marketing expenses were $2 thousand for the nine months ended September 30, 2021, which is a slight decrease as compared

to $8 thousand during the same period in the prior year.

general and administrative expenses increased to $221 thousand for the nine months ended September 30, 2021 as compared to $339 thousand

during the same period in the prior year.

The reason for the decrease in the nine months ended September 30, 2021 is due to the fact

that beginning on January 1, 2020, the Company announced and began implementing certain cost reduction measures.

net financial expenses was $16 thousand for the nine months ended September 30, 2021, compared to net financial income of $8 thousand

during the same period in the prior year.

The reason for the financial increase in the nine months ended September 30, 2021 is due to

the US dollar exchange rate decrease during the nine months ended September 30, 2021 as compared the same period in the prior year.

tax on income was $2 thousand for the nine months ended September 30, 2021 and for nine months ended September 30, 2020.

and Capital Resources

of June 30, 2021, we had current assets of $192 thousand consisting of $126 thousand in cash and cash equivalents, $35 thousand in trade

receivables, $15 thousand in other accounts receivables and, $16 thousand in prepaid expenses.

of June 30, 2021, we had $2,429 thousand in current liabilities consisting of $199 in other accounts payable and accrued

liabilities, $59 Short term loan, and $2,171 payable to our parent company.

of September 30, 2021, we had current assets of $180 thousand consisting of $102 thousand in cash and cash equivalents, $40 thousand

in trade receivables, $28 thousand in other accounts receivables and, $10 thousand in prepaid expenses.

of September 30, 2021, we had $2,514 thousand in current liabilities consisting of 5$ in trade payables , $219 in other accounts payable

and accrued liabilities, $64 Short term loan, and $2,226 payable to our parent company.

of December 31, 2020, we had current assets of $225 thousand consisting of $148 thousand in cash and cash equivalents, $20 thousand in

3 unchanged sentences

in Short term loan.

had a negative working capital of $2,237 thousand and $2,078 thousand as of June 30, 2021 and December 31, 2020, respectively.

the three months ended June 30, 2021, we had negative cash flow from operations of $8 thousand, which was mainly the result of a net

loss of $79 thousand, offset by increase in working capital of $71.

the six months ended June 30, 2021, we had negative cash flow from operations of $22 thousand, , which was mainly the result of a net

loss of $159 thousand, offset by increase in working capital of $137.

had a negative working capital of $2,334 thousand and $2,078 thousand as of September 30, 2021 and December 31, 2020, respectively.

the nine months ended September 30, 2021, we had negative cash flow from operations of $46 thousand, which was mainly the result of a

net loss of $256 thousand, offset by increase in working capital of $210.

the nine months ended September 30, 2020, we had negative cash flow from operations of $37 thousand, which was mainly the result of a

net loss of $311 thousand, offset by increase in working capital of $274.

are no limitations in the Company’s Certificate of Incorporation on the Company’s ability to borrow funds or raise funds

26 unchanged sentences

on attractive terms, the Company may be required to delay, limit, reduce or terminate the operations of some or all of its business segments.

Company has incurred $159 in net losses for the six months ended June 30, 2021, has $2,237 stockholders’ deficit as of June

Company has incurred $256 in net losses for the nine months ended September 30, 2021, has $2,334 stockholders’ deficit as of September

30, 2021 and $2,078 in total stockholders’ deficit as of December 31, 2020.

12 unchanged sentences

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 2. Management’s Discussion and Analysis