Annual report pursuant to Section 13 and 15(d)

Income Taxes (Tables)

v3.24.1
Income Taxes (Tables)
 12 Months Ended
Dec. 31, 2023
Income Taxes [Abstract]  
Schedule of Statutory Tax Rate and Effective Tax Rate A reconciliation of the U.S. federal statutory tax rate and the effective tax rate is as follow:
    As of December 31,  
    2023     2022  
             
Statutory U.S. federal income tax rate     (21 )%     (21 )%
U.S. vs foreign tax rate differential     (2 )     (2 )
Change in deferred tax asset valuation allowance     23       23  
Effective tax rate    
-
 %    
-
 %
Schedule of Loss Before Taxes on Income Loss before taxes on income, consists of the following:
    As of December 31,  
    2023     2022  
             
United States     6,085       6,645  
Israel     20,061       21,607  
      26,146       28,252  
Schedule of Net Deferred Tax Assets Net deferred tax assets as of December 31, 2023 and 2022 consisted of the following:
    As of December 31,  
    2023     2022  
             
Deferred tax assets:            
Net operating loss carryforwards     29,047       24,509  
Research and development expenses, net     2,982       3,183  
Lease liability     898       1,031  
Other     200       192  
Total deferred tax assets     33,127       28,915  
Deferred tax liabilities:                
Right of use assets     (964 )     (1,071 )
Fixed assets     (16 )     (12 )
Total deferred tax liabilities     (980 )     (1,083 )
Valuation allowance     (32,147 )     (27,832 )
Net deferred tax assets    
-
      
-