Note
15 - Loss Per Share
The
calculation of basic and diluted losses per share for the year ended on December 31, 2024, and 2023 was based on the losses attributable
to the Company’s ordinary stockholders for the year divided by a weighted average number of ordinary shares outstanding. The calculation
of basic and diluted losses per share for the years ended on December 31, 2024, and 2023 are as follows:
Schedule
of Basic and Diluted Losses Per Share
| | |
December 31
2024 | |
December 31
2023 |
| | |
For the years ended |
| | |
December 31
2024 | |
December 31
2023 |
| | |
US Dollars (In thousands) |
| Loss attributable to shareholders ($ in thousands) | |
| (1,899 | ) | |
| (4,909 | ) |
| | |
| | | |
| | |
| Weighted
average number of ordinary shares: | |
| | | |
| | |
| | |
| | | |
| | |
| Balance at beginning of year | |
| 69,931,056 | | |
| 68,808,970 | |
| Effect of shares issued during the year | |
| 543,206 | | |
| 595,381 | |
| | |
| | | |
| | |
| Weighted-average shares – basic and dilutive as at end of year | |
| 70,474,262 | | |
| 69,404,351 | |
| | |
| | | |
| | |
| Basic and dilutive loss per share ($) | |
| (0.03 | ) | |
| (0.07 | ) |
As
of December 31, 2024, and 2023, options and warrants which were granted by the Company’s board of directors were not included in
the loss per share computation because all such securities have an anti-dilutive effect for the year. Such securities totaled to 27,610,434
and 29,774,434, respectively.
|