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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (14,511) $ (13,646)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation 171 134
Gain from sale of property, plant and equipment (4)
Loss on amounts funded in respect of employee rights upon retirement 70 114
Changes in fair value of marketable securities (321)  
Change in liability for employees’ rights upon retirement 16 (83)
Other financial expenses 72 138
Change in operating right of use asset and leasing liability (39) (78)
Share-based compensation expenses 2,841 1,984
Decrease (increase) in interest receivable on short term deposits 171 (75)
Changes in operating asset and liability items:    
Decrease (increase) in prepaid expenses 179 (198)
Decrease (increase) in trade receivables (11) 58
Increase in other receivables (150) (42)
Increase in inventory (225) (271)
Decrease in trade payables (59) (489)
Increase (decrease) in other payables (399) 107
Net cash used in operating activities (12,199) (12,347)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in short-term bank deposits (5,500) (17,000)
Purchase of property, plant and equipment (166) (378)
Proceeds from sale of property, plant and equipment 9
Investments in marketable securities (28,838)
Withdrawal from short-term bank deposits 18,500 22,000
Amounts funded in respect of employee rights upon retirement (61) (67)
Net cash provided by (used in) investing activities (16,056) 4,555
CASH FLOWS FROM FINANCING ACTIVITIES:    
Issuance costs of At The Market offering (140)
Proceeds from issuance of shares and warrants net of $4,635 issuance costs, 37,534
Net cash provided by (used in) financing activities 37,534 (140)
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS (72) (138)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 9,207 (8,070)
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD 4,632 12,004
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 13,839 3,934
SUPPLEMENTAL NON-CASH INVESTING AND FINANCING ACTIVITIES:    
Acquisition of right-of-use assets by means of lease liabilities 419 $ 835
Non-cash lease incentive 45  
Decrease in right-of-use assets and lease liabilities due to shortening lease term $ 131