XML 17 R7.htm IDEA: XBRL DOCUMENT v3.22.2.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2022
Sep. 30, 2021
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (13,646) $ (10,821)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation 134 121
Loss from sale of property, plant and equipment 1
Loss on amounts funded in respect of employee rights upon retirement 114
Change in liability for employees’ rights upon retirement (83) 82
Other financial expense 138 13
Change in operating right of use asset and operating leasing liability (78) (58)
Share-based compensation expenses 1,984 1,010
Increase in interest receivable on short term deposits (75) (12)
Changes in operating asset and liability items:    
Increase in prepaid expenses (198) (439)
Decrease (increase) in trade receivables 58 (495)
Decrease (increase) in other receivables (42) 5
Decrease (increase) in inventory (271) 280
Increase (decrease) in trade payables (489) 320
Increase (decrease) in other payables 107 (316)
Net cash used in operating activities (12,347) (10,309)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Purchase of property, plant and equipment (378) (237)
Proceeds from withdrawal of (invest in) short-term deposits 5,000 (24,000)
Amounts funded in respect of employee rights upon retirement (67) (61)
Net cash provided by (used in) investing activities 4,555 (24,298)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance costs of At The Market offering (140)
Proceeds from issuance of shares and warrants and exercise of Pre-Funded Warrants and unit purchase option, net of $2,024 issuance costs 35,034
Net cash provided by (used in) financing activities (140) 35,034
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (138) (13)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (8,070) 414
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD 12,004 12,645
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 3,934 13,059
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Acquisition of right-of-use assets by means of lease liabilities $ 835 $ 91