| SCHEDULE OF ESTIMATED FAIR VALUE OF OPTIONS GRANTED |
|
The
fair value of options granted during 2024 was estimated at the dates of grant using the Black-Scholes option pricing model. The following
are the data and assumptions used:
SCHEDULE OF ESTIMATED FAIR VALUE OF OPTIONS GRANTED
| | |
2024 | |
| | |
| |
| Dividend yield | |
| 0 | |
| Expected volatility (%) (*) | |
| 122 | % |
| Risk-free interest rate (%) (**) | |
| 4.36 | % |
| Expected term of options (years) (***) | |
| 5.99 | |
| Exercise price (US dollars) | |
| 0.22 | |
| Share price (US dollars) | |
| 0.22 | |
| Fair value (US dollars) | |
| 2 | |
| |
(*) |
The expected volatility was based on the historical volatility of the share price of the Company. |
| |
(**) |
The risk-free interest rate
represented the risk-free rate of $ zero – coupon US Government Loans. |
| |
(***) |
Due
to the fact that the Company does not have sufficient historical exercise data, the expected term was determined based on the
“simplified method”. |
|
| SCHEDULE OF STOCK OPTION ACTIVITY |
The
following table presents the Company’s stock option activity for employees and directors of the Company for the three months ended
June 30, 2025:
SCHEDULE OF STOCK OPTION ACTIVITY
| | |
Number of
Options | | |
Weighted
Average
Exercise
Price | |
| Outstanding at December 31, 2024 | |
| 29,217 | | |
| 15.38 | |
| Granted | |
| - | | |
| - | |
| Exercised | |
| - | | |
| - | |
| Forfeited or expired | |
| (1,294 | ) | |
| 24.14 | |
| Outstanding at June 30, 2025 | |
| 27,923 | | |
| 14.97 | |
| Number of options exercisable
at June 30, 2025 | |
| 21,256 | | |
| 19.67 | |
|
The
following table presents the Company’s stock option activity for employees and directors of the Company for the year ended December
31, 2024 and 2023:
SCHEDULE OF STOCK OPTION ACTIVITY
| | |
Number of Options | | |
Weighted Average Exercise Price | |
| | |
| | |
| |
| Outstanding at December 31,2022 | |
| 33,533 | | |
| 21.00 | |
| Granted | |
| - | | |
| - | |
| Exercised | |
| - | | |
| - | |
| Forfeited | |
| (6,015 | ) | |
| 8.75 | |
| Expired | |
| - | | |
| - | |
| Outstanding at December 31,2023 | |
| 27,518 | | |
| 23.69 | |
| Granted | |
| 10,000 | | |
| 0.22 | |
| Exercised | |
| - | | |
| - | |
| Forfeited | |
| (817 | ) | |
| 26.46 | |
| Expired | |
| (7,484 | ) | |
| 24.46 | |
| Outstanding on December 31, 2024 | |
| 29,217 | | |
| 15.38 | |
| Number of options exercisable on December 31, 2024 | |
| 19,217 | | |
| 23.38 | |
|