NOTE
14 – RELATED PARTIES
| A. | Transactions and balances with related parties |
| | |
Year ended December 31 | |
| | |
2020 | | |
2019 | |
| General and administrative expenses: | |
| | | |
| | |
| Directors compensation | |
| 175 | | |
| - | |
| | |
| 175 | | |
| - | |
| | |
| | | |
| | |
| Financing: | |
| | | |
| | |
| Financing expense | |
| 133 | | |
| 13 | |
| Financing income | |
| 75 | | |
| - | |
| B. | Balances with related parties: |
| | |
As of December 31, | |
| | |
2020 | | |
2019 | |
| Other accounts liabilities | |
| 19 | | |
| - | |
| Stockholders loans | |
| 268 | | |
| 925 | |
| Convertible loans | |
| 972 | | |
| - | |
| C. | On April 12, 2020, effective as of March 1, 2020, the Board of Directors approved the payment of
certain fees to directors in the amounts of $4.98, $4.98 and $6.95 per month to Yariv Alroy, Sagiv Aharon and Erez Nachtomy (each,
an "Active Director"), respectively. On April 12, 2020, the Company also enacted a policy to pay each director (that
is not otherwise an Active Director) an amount of $1.5 for each calendar quarter and $0.40 for attendance of each meeting of the
board of directors. These amounts are exclusive of Israeli VAT if applicable. |
|