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CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (27,582) $ (6,523) $ (18,276)
Adjustments required to reconcile net loss to net cash used in operating activities:      
Share-based compensation 2,375 3,126 835
Depreciation 1,118 1,302 1,617
Financial income, net (mainly exchange differences) 417 171 378
Changes in accrued liability for employee rights upon retirement 133 (494) (10)
Gain on amounts funded in respect of employee rights upon retirement (100) (28) (58)
Gain on sale of fixed assets (51)    
Loss on extinguishment of convertible notes 831    
Amortization of debt issuance costs and debt discount 2,673 3,470 2,991
Changes in operating assets and liabilities:      
Increase (decrease) in contracts liability (including non-current portion) 13,230 (26,205) (9,580)
Decrease (increase) in accounts receivable and other assets (1,032) 2,091 188
Changes in right of use assets 241 95 (110)
Decrease (increase) in inventories (4,872) (4,927) 414
Increase in accounts payable and accruals 2,385 2,274 2,735
Decrease in other long term liabilities (51) (458) (482)
Net cash used in operating activities (10,285) (26,106) (19,358)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Investment in bank deposits (37,835) (20,000)  
Proceeds from sale of short-term deposits 57,835    
Purchase of property and equipment (1,459) (655) (627)
Proceeds from sale of property and equipment 53    
Decrease (increase) in restricted deposit 436 384 (259)
Amounts funded in respect of employee rights upon retirement, net (109) 319 3
Net cash provided by (used in) investing activities 18,921 (19,952) (883)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Payment for convertible notes redemption and transactions costs (30,036)    
Payment for promissory note (4,086) (215)  
Proceeds from issuance of common stock and warrants, net 37,625 41,343  
Proceeds from issuance of common stock under the Sales Agreement, net 8,575 4,867  
Exercise of warrants   472  
Net cash provided by financing activities 12,078 46,467  
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 6 64 225
NET INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 20,720 473 (20,016)
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 18,265 17,792 37,808
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF YEAR 38,985 18,265 17,792
SUPPLEMENTARY INFORMATION ON INVESTING AND FINANCING ACTIVITIES NOT INVOLVING CASH FLOWS:      
Purchase of property and equipment 94 317 98
Right of use assets obtained in exchange for new operating lease liabilities 309 632 388
SUPPLEMENTARY DISCLOSURE ON CASH FLOWS      
Interest paid 3,410 4,344 4,344
Interest received $ 379 $ 438 $ 407