ParaZero Announced First Half 2023 Financial Results


CONDENSED INTERIM STATEMENTS OF CHANGES IN SHAREHOLDERS' DEFICIT (Unaudited)
U.S. dollars (except for share numbers)

           
  Ordinary shares         
             
       Additional      
  Number     paid-in  Accumulated    
  of shares  Amount   capital  losses   Total 
    U.S. dollars   U.S. dollars      
             
               
BALANCE AS OF
DECEMBER 31, 2021
359,743   1,945     6,380,403   (12,998,640 )   (6,616,292 )
CHANGES DURING
THE
SIX MONTHS
ENDED JUNE
30,
2022:
                   
Conversion of
Former Parent
Company's debt
into ordinary shares
and warrants
3,237,699   19,511     6,403,797   -     6,423,308  
Stock based
compensation
-   -     96,916   -     96,916  
Comprehensive
loss
-   -     -   (948,376 )   (948,376 )
                     
BALANCE AS OF JUNE
30, 2022
3,597,442   21,456     12,881,116   (13,947,016 )   (1,044,444 )
                     
BALANCE AS OF
DECEMBER 31, 2022
3,597,442   21,456     12,988,292   (14,651,678 )   (1,641,930 )
CHANGES DURING
SIX MONTHS ENDED
JUNE
30, 2023:
                   
Stock based
compensation
-   -     91,531   -     91,531  
Transactions
with related
party
-   -     12,167   -     12,167  
Comprehensive
loss
-   -     -   (433,324 )   (433,324 )
                     
BALANCE AS OF JUNE
30, 2023
3,597,442   21,456     13,091,990   (15,085,002 )   (1,971,556 )
                         

The accompanying notes are an integral part of these condensed interim financial statements.

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