0001213900-24-105309 | 6-K | XBRL Viewer | HUB Cyber Security LTD

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Reports Document And Entity Information Accounting Policies Accounting Policies, by Policy (Policies) Details General (Details) Basis of Preparation (Details) Uncategorized Uncategorized Items - ea0223212-6k_hubcyber_htm.xml All Reports

Document And Entity Information	6 Months Ended
Document And Entity Information	Jun. 30, 2024
Document Information Line Items
Entity Registrant Name	HUB Cyber Security Ltd.
Document Type	6-K
Current Fiscal Year End Date	--12-31
Amendment Flag	false
Entity Central Index Key	0001905660
Document Period End Date	Jun. 30, 2024
Document Fiscal Year Focus	2024
Document Fiscal Period Focus	Q2
Entity File Number	001-41634

Label

Element

Value

Convertible Loan Agreement Description

hubc_ConvertibleLoanAgreementDescription

The Note is secured pari passu by a first-priority pledge on the shares of the Qpoint group, which pledge also secures the loan amount under previously issued notes to the Investor.

Other Expensesincome Net

hubc_OtherExpensesincomeNet

$ (63,000)

Other Expensesincome Net

hubc_OtherExpensesincomeNet

$ 14,274,000

Conversion Of Stock Shares Converted

hubc_ConversionOfStockSharesConverted

666,668

Conversion Of Stock Shares Converted

hubc_ConversionOfStockSharesConverted

3,773,177

Conversion Of Stock Shares Converted

hubc_ConversionOfStockSharesConverted

670,170

Conversion Of Stock Shares Converted

hubc_ConversionOfStockSharesConverted

670,170

Conversion Of Stock Shares Converted

hubc_ConversionOfStockSharesConverted

5,129,375

Conversion Of Stock Shares Converted

hubc_ConversionOfStockSharesConverted

5,129,375

Conversion Of Stock Shares Converted

hubc_ConversionOfStockSharesConverted

142,313

Conversion Of Stock Shares Converted

hubc_ConversionOfStockSharesConverted

200,000

Conversion Of Stock Shares Converted

hubc_ConversionOfStockSharesConverted

945,454

Conversion Of Stock Shares Converted

hubc_ConversionOfStockSharesConverted

13,513

Conversion Of Stock Shares Converted

hubc_ConversionOfStockSharesConverted

1,150,217

Conversion Of Stock Shares Converted

hubc_ConversionOfStockSharesConverted

5,760,958

Change In Balances Of Government Grants

hubc_ChangeInBalancesOfGovernmentGrants

$ 30,000

Change In Balances Of Government Grants

hubc_ChangeInBalancesOfGovernmentGrants

$ (221,000)

Conversion Rate

hubc_ConversionRate

$ 1.5

Conversion Rate

hubc_ConversionRate

0.7

Conversion Rate

hubc_ConversionRate

$ 0.5

Cumulative Amount

hubc_CumulativeAmount

$ 350,000,000

Convertible Note

hubc_ConvertibleNote

21.00%

Debt Instrument Conversion Price

hubc_DebtInstrumentConversionPrice

$ 0.5

Aggregate Amount

hubc_AggregateAmount

$ 39,000

Adjustment For Increase Decrease In Changes In Asset And Liability Items

hubc_AdjustmentForIncreaseDecreaseInChangesInAssetAndLiabilityItems

908,000

Adjustment For Increase Decrease In Changes In Asset And Liability Items

hubc_AdjustmentForIncreaseDecreaseInChangesInAssetAndLiabilityItems

$ 11,112,000

Alleged Damage Claim Amount

hubc_AllegedDamageClaimAmount

$ 846,716,000

Average Price Percentage

hubc_AveragePricePercentage

40.00%

Conversion Component Of Convertible Loans

hubc_ConversionComponentOfConvertibleLoans

$ 1,372,000

Conversion Component Of Convertible Loans

hubc_ConversionComponentOfConvertibleLoans

4,215,000

Conversion Component Of Convertible Loans

hubc_ConversionComponentOfConvertibleLoans

Conversion Component Of Convertible Loans

hubc_ConversionComponentOfConvertibleLoans

Interest Rate Increase

hubc_InterestRateIncrease

50000.00%

Interest Rate Increase

hubc_InterestRateIncrease

5.00%

Damage Claim Amount

hubc_DamageClaimAmount

$ 271,593,000

Convertible Note And Warrant

hubc_ConvertibleNoteAndWarrant

$ 250,000

Convertible Price Per Share

hubc_ConvertiblePricePerShare

$ 0.7

Registration Of Restricted Stock Units

hubc_RegistrationOfRestrictedStockUnits

20,000

Exercisable Ordinary Shares

hubc_ExercisableOrdinaryShares

1,500,000

Debt Face Amount

hubc_DebtFaceAmount

$ 302,500

Warrants Purchase

hubc_WarrantsPurchase

175,000

hubc_TradingDays

5

hubc_TradingDays

5

Fair Value Assumptions Expected Term

hubc_FairValueAssumptionsExpectedTerm

2 years

Fair Value Assumptions Expected Term

hubc_FairValueAssumptionsExpectedTerm

6 months

Fair Value Assumptions Expected Term

hubc_FairValueAssumptionsExpectedTerm

4 years 1 month 24 days

Fair Value Assumptions Expected Term

hubc_FairValueAssumptionsExpectedTerm

3 months

Fair Value Assumptions Expected Term

hubc_FairValueAssumptionsExpectedTerm

2 years 8 months 12 days

Fair Value Assumptions Expected Term

hubc_FairValueAssumptionsExpectedTerm

2 years 11 months 26 days

Disclosure Of Balances With Interested And Related Partiestext Block

hubc_DisclosureOfBalancesWithInterestedAndRelatedPartiestextBlock

Balances with interested and related parties:

		Directors				Key management personnel
		USD in thousands

Other accounts payable			499			$	18
Loan			63			$	-

		Directors				Key management personnel
		USD in thousands

Other accounts payable			200				18
Loan			66				-

Conversion Of Convertible Loans Into Ordinary Shares

hubc_ConversionOfConvertibleLoansIntoOrdinaryShares

$ (1,427,000)

Conversion Of Convertible Loans Into Ordinary Shares

hubc_ConversionOfConvertibleLoansIntoOrdinaryShares

(1,427,000)

Conversion Of Convertible Loans Into Ordinary Shares

hubc_ConversionOfConvertibleLoansIntoOrdinaryShares

(3,588,000)

Conversion Of Convertible Loans Into Ordinary Shares

hubc_ConversionOfConvertibleLoansIntoOrdinaryShares

(3,588,000)

Conversion Of Convertible Loans Into Ordinary Shares

hubc_ConversionOfConvertibleLoansIntoOrdinaryShares

Conversion Of Convertible Loans Into Ordinary Shares

hubc_ConversionOfConvertibleLoansIntoOrdinaryShares

Conversion Of Convertible Loans Into Ordinary Shares

hubc_ConversionOfConvertibleLoansIntoOrdinaryShares

Conversion Of Convertible Loans Into Ordinary Shares

hubc_ConversionOfConvertibleLoansIntoOrdinaryShares

hubc_Expenses

128,000

hubc_Expenses

70,000

hubc_Expenses

60,000

hubc_Expenses

$ 707

Warrants Exercisable Term

hubc_WarrantsExercisableTerm

36 months

Warrants Exercisable Term

hubc_WarrantsExercisableTerm

5 years

Adjustments Arising From Translating Financial Statement From Functional Currency To Presentation

hubc_AdjustmentsArisingFromTranslatingFinancialStatementFromFunctionalCurrencyToPresentation

$ 44,000

Adjustments Arising From Translating Financial Statement From Functional Currency To Presentation

hubc_AdjustmentsArisingFromTranslatingFinancialStatementFromFunctionalCurrencyToPresentation

50,000

Adjustments Arising From Translating Financial Statement From Functional Currency To Presentation

hubc_AdjustmentsArisingFromTranslatingFinancialStatementFromFunctionalCurrencyToPresentation

78,000

Adjustments Arising From Translating Financial Statement From Functional Currency To Presentation

hubc_AdjustmentsArisingFromTranslatingFinancialStatementFromFunctionalCurrencyToPresentation

172,000

Adjustments Arising From Translating Financial Statement From Functional Currency To Presentation

hubc_AdjustmentsArisingFromTranslatingFinancialStatementFromFunctionalCurrencyToPresentation

(272,000)

Adjustments Arising From Translating Financial Statement From Functional Currency To Presentation

hubc_AdjustmentsArisingFromTranslatingFinancialStatementFromFunctionalCurrencyToPresentation

(93,000)

Adjustments Arising From Translating Financial Statement From Functional Currency To Presentation

hubc_AdjustmentsArisingFromTranslatingFinancialStatementFromFunctionalCurrencyToPresentation

(365,000)

Adjustments Arising From Translating Financial Statement From Functional Currency To Presentation

hubc_AdjustmentsArisingFromTranslatingFinancialStatementFromFunctionalCurrencyToPresentation

hubc_Warrants

1,278,666

Convertible Loans

hubc_ConvertibleLoans

$ 16,690,000

Convertible Loans

hubc_ConvertibleLoans

14,449,000

Issuance And Sale Price

hubc_IssuanceAndSalePrice

$ 6,000,000

Conversion Price

hubc_ConversionPrice

93.00%

Proceeds From Issuance Of Warrant

hubc_ProceedsFromIssuanceOfWarrant

$ 7,200,000

Conversion Price Per Share

hubc_ConversionPricePerShare

$ 2

Conversion Price Per Share

hubc_ConversionPricePerShare

$ 1.5

Disclosure Of Salaries And Benefits To Interested And Related Partiestext Block

hubc_DisclosureOfSalariesAndBenefitsToInterestedAndRelatedPartiestextBlock

Salaries and benefits to interested and related parties:

		Six months ended June 30,				Year ended December 31,
		2024				2023
		USD in thousands
Cost of sales, research and development expenses, sales and marketing expenses and general and administrative expenses, net:
Salary and related benefits to CEO and director employed by the Company (controlling shareholder) including cost of share-based payment (1)			338				132
Fees of directors not employed by the Company including cost of share-based payment (4)			345				566
Salary and related benefits to formerly Deputy CEO including cost of share-based payment (2)			402				811
Salary and related benefits to the former VP Human Resources including cost of share-based payment (3)			-				28
			1,085				1,537

(1)

Relates to the cost of employment of Mr. Noah Hershcoviz, director of the Company as of October 3, 2023 and CEO of the Company as of December 4, 2023.

(2)

Relates to the cost of employment of Mr. Uzi Moskowitz director and former CEO in the Company, who no longer serves as the CEO of Company since December 4, 2023. and Eyal Moshe former director and former CEO of the Company who is also controlling shareholder in the Company, excluding any misappropriated expenses. Mr. Moshe ceased his role as CEO on February 2, 2023, and his employment was terminated effective July 24, 2023 for cause in connection with these unauthorized expenses.

(3)

Relates to the cost of employment of Ms. Ayelet Bitan, Chief of Staff in the Company and the spouse of Mr. Eyal Moshe, a controlling shareholder in the Company, excluding any allegedly misappropriated expenses Ms. Bitan resigned in February 2023.

(4)

Other interested and related parties.

Disclosure Of Operating Attributed To Discontinued Operationtext Block

hubc_DisclosureOfOperatingAttributedToDiscontinuedOperationtextBlock

Below are data of the operating results attributed to the discontinued operation:

		Six month ended June 30,
		2024				2023
		USD in thousands
Revenues from sales		$	-			$	5,704
Cost of sales			-				4,734
Gross profit			-				970
Sales and marketing expenses			-				250
General and administrative expenses			-				129
Operating income			-				591
Finance expenses, net			1,057				117

Income (loss) for the period		$	(1,057	)		$	470

Legal And Commitment Fee

hubc_LegalAndCommitmentFee

35.00%

Legal And Commitment Fee

hubc_LegalAndCommitmentFee

3.50%

Principal Amount

hubc_PrincipalAmount

$ 7,200,000

Principal Amount

hubc_PrincipalAmount

9,600,000

Principal Amount

hubc_PrincipalAmount

8,000,000

Principal Amount

hubc_PrincipalAmount

2,000,000

Principal Amount

hubc_PrincipalAmount

$ 3,325,000

Percentage Of Annual Rate

hubc_PercentageOfAnnualRate

8.00%

Conversion Amount

hubc_ConversionAmount

$ 1,800,000

Adjustments For Increase Decrease In Financial Liabilities Recorded As Listing Expenses

hubc_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesRecordedAsListingExpenses

7,648,000

Adjustments For Increase Decrease In Financial Liabilities Recorded As Listing Expenses

hubc_AdjustmentsForIncreaseDecreaseInFinancialLiabilitiesRecordedAsListingExpenses

Adjustments For Revaluation Of Liability To Legacy

hubc_AdjustmentsForRevaluationOfLiabilityToLegacy

2,071,000

Adjustments For Revaluation Of Liability To Legacy

hubc_AdjustmentsForRevaluationOfLiabilityToLegacy

Adjustments Equity Line Of Credit

hubc_AdjustmentsEquityLineOfCredit

1,570,000

Adjustments Equity Line Of Credit

hubc_AdjustmentsEquityLineOfCredit

Final Conversion

hubc_FinalConversion

230,000

Adjustments For Share Listing Expenses

hubc_AdjustmentsForShareListingExpenses

12,312,000

Adjustments For Share Listing Expenses

hubc_AdjustmentsForShareListingExpenses

Initial Funding

hubc_InitialFunding

4,500,000

First Conversion

hubc_FirstConversion

320,000

Adjustments For Increase Decrease In Intangible Assets Impairment

hubc_AdjustmentsForIncreaseDecreaseInIntangibleAssetsImpairment

3,702,000

Adjustments For Increase Decrease In Intangible Assets Impairment

hubc_AdjustmentsForIncreaseDecreaseInIntangibleAssetsImpairment

Allocated Share

hubc_AllocatedShare

69,028

Cash Flows From Investment In Restricted Bank Deposit

hubc_CashFlowsFromInvestmentInRestrictedBankDeposit

$ 1,155,000

Cash Flows From Investment In Restricted Bank Deposit

hubc_CashFlowsFromInvestmentInRestrictedBankDeposit

Prevailing Market Price

hubc_PrevailingMarketPrice

$ 0.4

Proceeds From Change In Longterm Deposits

hubc_ProceedsFromChangeInLongtermDeposits

$ 31,000

Proceeds From Change In Longterm Deposits

hubc_ProceedsFromChangeInLongtermDeposits

Warrants Issued In Related To The RNERTransaction

hubc_WarrantsIssuedInRelatedToTheRNERTransaction

2,639,000

Warrants Issued In Related To The RNERTransaction

hubc_WarrantsIssuedInRelatedToTheRNERTransaction

71,000

Warrants Issued In Related To The RNERTransaction

hubc_WarrantsIssuedInRelatedToTheRNERTransaction

2,710,000

Warrants Issued In Related To The RNERTransaction

hubc_WarrantsIssuedInRelatedToTheRNERTransaction

Issuance Of Additional Warrants

hubc_IssuanceOfAdditionalWarrants

12,000,000

Agreegate Amount

hubc_AgreegateAmount

1,800,000

Credit Line To ARelated Party

hubc_CreditLineToARelatedParty

895,000

Credit Line To ARelated Party

hubc_CreditLineToARelatedParty

Aggregate Principal Amount

hubc_AggregatePrincipalAmount

5,219,000

Aggregate Principal Amount

hubc_AggregatePrincipalAmount

349,000

Aggregate Principal Amount

hubc_AggregatePrincipalAmount

550,000

Aggregate Principal Amount

hubc_AggregatePrincipalAmount

10,000,000

Reclassification Of Deffered Ussuance Cost To Equity

hubc_ReclassificationOfDefferedUssuanceCostToEquity

(1,775,000)

Reclassification Of Deffered Ussuance Cost To Equity

hubc_ReclassificationOfDefferedUssuanceCostToEquity

Warrants To Purchase

hubc_WarrantsToPurchase

$ 375,000

Issuance Of Conversion Component Related To The Convertible Loans

hubc_IssuanceOfConversionComponentRelatedToTheConvertibleLoans

$ 4,779,000

Issuance Of Conversion Component Related To The Convertible Loans

hubc_IssuanceOfConversionComponentRelatedToTheConvertibleLoans

4,779,000

Issuance Of Conversion Component Related To The Convertible Loans

hubc_IssuanceOfConversionComponentRelatedToTheConvertibleLoans

187,000

Issuance Of Conversion Component Related To The Convertible Loans

hubc_IssuanceOfConversionComponentRelatedToTheConvertibleLoans

187,000

Issuance Of Conversion Component Related To The Convertible Loans

hubc_IssuanceOfConversionComponentRelatedToTheConvertibleLoans

Issuance Of Conversion Component Related To The Convertible Loans

hubc_IssuanceOfConversionComponentRelatedToTheConvertibleLoans

Issuance Of Conversion Component Related To The Convertible Loans

hubc_IssuanceOfConversionComponentRelatedToTheConvertibleLoans

Issuance Of Conversion Component Related To The Convertible Loans

hubc_IssuanceOfConversionComponentRelatedToTheConvertibleLoans

Receipt Of Shortterm Loans

hubc_ReceiptOfShorttermLoans

721,000

Receipt Of Shortterm Loans

hubc_ReceiptOfShorttermLoans

Receipt Of Convertible Loans

hubc_ReceiptOfConvertibleLoans

10,951,000

Receipt Of Convertible Loans

hubc_ReceiptOfConvertibleLoans

5,568,000

Acquisition Of Noncontrolling Interest

hubc_AcquisitionOfNoncontrollingInterest

(6,768,000)

Acquisition Of Noncontrolling Interest

hubc_AcquisitionOfNoncontrollingInterest

Excess Debt Cancelled

hubc_ExcessDebtCancelled

1,800,000

Issuance Of Shares To ELOC

hubc_IssuanceOfSharesToELOC

1,570,000

Issuance Of Shares To ELOC

hubc_IssuanceOfSharesToELOC

1,570,000

Issuance Of Shares To ELOC

hubc_IssuanceOfSharesToELOC

1,570,000

Convert Principal Amount

hubc_ConvertPrincipalAmount

250,000

Conversion Of Stock Amount Converted

hubc_ConversionOfStockAmountConverted

500,000

Conversion Of Stock Amount Converted

hubc_ConversionOfStockAmountConverted

1,000,000

Conversion Of Stock Amount Converted

hubc_ConversionOfStockAmountConverted

3,595,000

Conversion Of Stock Amount Converted

hubc_ConversionOfStockAmountConverted

500,000

Conversion Of Stock Amount Converted

hubc_ConversionOfStockAmountConverted

500,000

Conversion Of Stock Amount Converted

hubc_ConversionOfStockAmountConverted

4,616,000

Conversion Of Stock Amount Converted

hubc_ConversionOfStockAmountConverted

4,616,000

Conversion Of Stock Amount Converted

hubc_ConversionOfStockAmountConverted

1,300,000

Segment Resultsoperating Loss

hubc_SegmentResultsoperatingLoss

(9,905,000)

Segment Resultsoperating Loss

hubc_SegmentResultsoperatingLoss

(5,126,000)

Segment Resultsoperating Loss

hubc_SegmentResultsoperatingLoss

(15,031,000)

Segment Resultsoperating Loss

hubc_SegmentResultsoperatingLoss

(31,762,000)

Segment Resultsoperating Loss

hubc_SegmentResultsoperatingLoss

(13,917,000)

Segment Resultsoperating Loss

hubc_SegmentResultsoperatingLoss

(13,880,000)

Segment Resultsoperating Loss

hubc_SegmentResultsoperatingLoss

(59,559,000)

Segment Resultsoperating Loss

hubc_SegmentResultsoperatingLoss

Purchased An Aggregate Principal Amount

hubc_PurchasedAnAggregatePrincipalAmount

2,700,000

Issuance Of Shares And Warrants Related To The PIPENet Of Issuance Expenses

hubc_IssuanceOfSharesAndWarrantsRelatedToThePIPENetOfIssuanceExpenses

3,557,000

Issuance Of Shares And Warrants Related To The PIPENet Of Issuance Expenses

hubc_IssuanceOfSharesAndWarrantsRelatedToThePIPENetOfIssuanceExpenses

3,557,000

Issuance Of Shares And Warrants Related To The PIPENet Of Issuance Expenses

hubc_IssuanceOfSharesAndWarrantsRelatedToThePIPENetOfIssuanceExpenses

3,557,000

Loss Before Taxes On Income

hubc_LossBeforeTaxesOnIncome

(25,076,000)

Loss Before Taxes On Income

hubc_LossBeforeTaxesOnIncome

(64,871,000)

Issuance Of Shares And Warrants

hubc_IssuanceOfSharesAndWarrants

110,000

Issuance Of Shares And Warrants

hubc_IssuanceOfSharesAndWarrants

679,000

Issuance Of Shares And Warrants

hubc_IssuanceOfSharesAndWarrants

(76,000)

Issuance Of Shares And Warrants

hubc_IssuanceOfSharesAndWarrants

712,000

Issuance Of Shares And Warrants

hubc_IssuanceOfSharesAndWarrants

$ 712,000

Percentage Of Weighted Average Price

hubc_PercentageOfWeightedAveragePrice

75.00%

Convertible Note Issued

hubc_ConvertibleNoteIssued

$ 5,219,000

Convertible Note Issued

hubc_ConvertibleNoteIssued

$ 5,700

Disclosure Of Net Cash Flows Provided By Used In The Discontinued Operationtext Block

hubc_DisclosureOfNetCashFlowsProvidedByUsedInTheDiscontinuedOperationtextBlock

Below are data of the net cash flows provided by (used in) the discontinued operation:

		Six month ended June 30,
		2024				2023
		USD in thousands

Net cash provided by discontinued operating activities		$	2,154			$	2,025
Net cash used in discontinued investing activities			-				(1,413	)
Net cash used in discontinued financing activities			(2,174	)			(839	)
Total net cash used in discontinued operation		$	(20	)		$	(227	)

Converted And Aggregated Value

hubc_ConvertedAndAggregatedValue

$ 1,000,000

Exercise Of Options And Warrants As Financing Activities

hubc_ExerciseOfOptionsAndWarrantsAsFinancingActivities

5,147,000

Exercise Of Options And Warrants As Financing Activities

hubc_ExerciseOfOptionsAndWarrantsAsFinancingActivities

$ 2,066,000

Aggregate Value Percentage

hubc_AggregateValuePercentage

4.99%

Installments Payment

hubc_InstallmentsPayment

$ 4,000,000

Installments Payment

hubc_InstallmentsPayment

16,000,000

Additional Amount

hubc_AdditionalAmount

$ 5,000,000

Shortterm Loans Net Classified As Financing Activities

hubc_ShorttermLoansNetClassifiedAsFinancingActivities

$ 154,000

Shortterm Loans Net Classified As Financing Activities

hubc_ShorttermLoansNetClassifiedAsFinancingActivities

$ 1,432,000

Acquisition Holding Percentage

hubc_AcquisitionHoldingPercentage

100.00%

Warrant Exercise Price

hubc_WarrantExercisePrice

$ 1.5

Warrant Exercise Price

hubc_WarrantExercisePrice

$ 11.5

Petition Amount

hubc_PetitionAmount

$ 1,338,000

Percentage Of Ordinary Shares Owned

hubc_PercentageOfOrdinarySharesOwned

4.99%

Settlement Agreement Terms

hubc_SettlementAgreementTerms

3 years

Received Amount

hubc_ReceivedAmount

$ 5,000,000

Received Amount

hubc_ReceivedAmount

4,328,000

Received Amount

hubc_ReceivedAmount

$ 4,328,000

Loan Percentage

hubc_LoanPercentage

60.00%

Aggregate Principal Amount Of Loan

hubc_AggregatePrincipalAmountOfLoan

$ 6,000,000

Debt Instruments Interest Rate Effective Percentage

hubc_DebtInstrumentsInterestRateEffectivePercentage

15.00%

Debt Instruments Interest Rate Effective Percentage

hubc_DebtInstrumentsInterestRateEffectivePercentage

18.00%

Aggregated Amount Of Loan Agreement

hubc_AggregatedAmountOfLoanAgreement

$ 2,012,000

hubc_BusinessDays

5 days

hubc_BusinessDays

30 days

hubc_BusinessDays

10 days

Percentage Of Principal Amount

hubc_PercentageOfPrincipalAmount

7.00%

Percentage Of Principal Amount

hubc_PercentageOfPrincipalAmount

7.00%

Percentage Of Principal Amount

hubc_PercentageOfPrincipalAmount

8.50%

Percentage Of Principal Amount

hubc_PercentageOfPrincipalAmount

7.00%

Percentage Of Principal Amount

hubc_PercentageOfPrincipalAmount

8.50%

Percentage Of Principal Amount

hubc_PercentageOfPrincipalAmount

10.00%

Aggregates Principal Amount

hubc_AggregatesPrincipalAmount

$ 4,000,000

Outstanding Debt Hair Cut Percentage

hubc_OutstandingDebtHairCutPercentage

70.00%

Long Term Receivables

hubc_LongTermReceivables

$ 1,595,000

Unsecured Term Of Years

hubc_UnsecuredTermOfYears

2 years

Percentage Of Principal Amount Per Annum

hubc_PercentageOfPrincipalAmountPerAnnum

15.00%

Percentage Of Principal Amount Per Annum

hubc_PercentageOfPrincipalAmountPerAnnum

15.00%

Additions Long Term Receivables

hubc_AdditionsLongTermReceivables

$ 572,000

Outstanding Debt Pay Percentage

hubc_OutstandingDebtPayPercentage

30.00%

Aggregate Beneficially Own Percentage

hubc_AggregateBeneficiallyOwnPercentage

4.99%

Aggregate Beneficially Own Percentage

hubc_AggregateBeneficiallyOwnPercentage

4.99%

Description Purchase Agreement

hubc_DescriptionPurchaseAgreement

(i) March-June 2024 Warrants exercisable into 4,444,444 ordinary shares are exercisable at an exercise price equal to $0.70 per share until March 12, 2027, (ii) March-June 2024 Warrants exercisable into 4,000,000 ordinary shares are exercisable at an exercise price equal to $0.70 per share until April 3, 2027, (iii) March-June 2024 Warrants exercisable into 1,000,000 ordinary shares are exercisable at an exercise price equal to $0.50 per share until June 26, 2027 and (iv) March-June 2024 Warrants exercisable into 2,000,000 ordinary shares are exercisable at an exercise price equal to $0.70 per share until June 26, 2027.

Exercise Share Price

hubc_ExerciseSharePrice

$ 1

Ordinary Shares Percentage

hubc_OrdinarySharesPercentage

4.99%

Percentage Of Ordinary Price

hubc_PercentageOfOrdinaryPrice

35.00%

Adjustmentof Change In Employee Benefit Liabilities Net

hubc_AdjustmentofChangeInEmployeeBenefitLiabilitiesNet

$ (28,000)

Adjustmentof Change In Employee Benefit Liabilities Net

hubc_AdjustmentofChangeInEmployeeBenefitLiabilitiesNet

$ (21,000)

Loss Contingency Damages Value

hubc_LossContingencyDamagesValue

$ 229,000,000

Loss Contingency Damages Value

hubc_LossContingencyDamagesValue

$ 70,000,000

Converted Warrants Per Share

hubc_ConvertedWarrantsPerShare

$ 0.899

Warrant Issued And Outstanding Of Ordinary Shares

hubc_WarrantIssuedAndOutstandingOfOrdinaryShares

$ 0.899

Longterm Restricted Deposit

hubc_LongtermRestrictedDeposit

$ 163,000

Longterm Restricted Deposit

hubc_LongtermRestrictedDeposit

$ 151,000

hubc_warrantIssued

53,599

hubc_warrantIssued

1,550,784

Reduced Claimed Amount

hubc_ReducedClaimedAmount

$ 229,440,000

Reduced Claimed Amount

hubc_ReducedClaimedAmount

$ 5,440,000

Reduced Claimed Amount

hubc_ReducedClaimedAmount

$ 1,480,000

Withdrawal From Restricted Bank Deposit

hubc_WithdrawalFromRestrictedBankDeposit

(421,000)

Withdrawal From Restricted Bank Deposit

hubc_WithdrawalFromRestrictedBankDeposit

$ (1,102,000)

Outstanding Debt Term

hubc_OutstandingDebtTerm

3 years

Warrants To Purchase Shares

hubc_WarrantsToPurchaseShares

1,604,383

Ordinary Shares Price Per Share

hubc_OrdinarySharesPricePerShare

$ 1

Ordinary Shares Price Per Share

hubc_OrdinarySharesPricePerShare

$ 1

Percentage Of Outstanding Share Capital

hubc_PercentageOfOutstandingShareCapital

30.00%

Stockholder Equity Reverse Stock Split

hubc_StockholderEquityReverseStockSplit

reverse share split at a ratio of 1:10

Number Of Private Warrants Issued

hubc_NumberOfPrivateWarrantsIssued

5,760,958

Loss Contingency Damages Value Increased Amounts

hubc_LossContingencyDamagesValueIncreasedAmounts

$ 64,000,000

Cash Paid And Received During The Year

hubc_CashPaidAndReceivedDuringTheYear

$ (158,000)

Cash Paid And Received During The Year

hubc_CashPaidAndReceivedDuringTheYear

(338,000)

Failed To Repay Amount

hubc_FailedToRepayAmount

2,500,000

hubc_DebtPaid

$ 72,000

Extension Of Staffs Notice

hubc_ExtensionOfStaffsNotice

180 days

Checkpoint Settlement Member

Received Amount

hubc_ReceivedAmount

$ 13,656,000