XML 22 R8.htm IDEA: XBRL DOCUMENT v3.20.4
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (10,544) $ (10,040)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation and amortization 151 158
Loss from sale of property, plant and equipment 14
Change in liability for employees rights upon retirement 181 124
Non cash financial expense (income) (4) 8
Net change in operating lease assets and liabilities 56 78
Share-based compensation expenses 606 325
Gains on amounts funded in respect of employee rights upon retirement, net (18) (35)
Changes in operating asset and liability items:    
Increase in prepaid expenses (247) (6)
Decrease (Increase) in trade receivables 347 (107)
Decrease (increase) in other receivables 4 (46)
Increase in inventory (179) (102)
Decrease in trade payables (410) (283)
Increase in other payables 962 116
Net cash used in operating activities (9,081) (9,810)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (88) (284)
Proceeds from sale of property, plant and equipment 22
Amounts withdrawn in respect of employee rights upon retirement, net (121) (103)
Net cash used in investing activities (187) (387)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from issuance of shares and warrants and exercise of Pre-Funded Warrants and unit purchase option, net of $1,110 and $1,177 issuance costs, respectively 16,395 6,335
Net cash provided by financing activities 16,395 6,335
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 4 (8)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 7,131 (3,870)
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 5,514 9,384
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF YEAR 12,645 5,514
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Acquisition of right-of-use assets by means of lease liabilities 619 67
Receivable for Shares $ 323