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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:    
Net loss $ (22,831) $ (14,511)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Depreciation 205 171
Gain from sale of property, plant and equipment (4)
Loss on amounts funded in respect of employee rights upon retirement 21 70
Changes in fair value of marketable securities, net of interest received (757) (321)
Change in liability for employees’ rights upon retirement 99 16
Other financial expenses (income) (8) 72
Change in operating right of use asset and leasing liability (39) (39)
Share-based compensation expenses 7,792 2,841
Decrease in interest receivable on short term deposits 171
Changes in operating asset and liability items:    
Decrease (increase) in prepaid expenses (698) 179
Decrease (increase) in trade receivables 274 (11)
Increase in other receivables (93) (150)
Increase in inventory (339) (225)
Increase (decrease) in trade payables 366 (59)
Increase (decrease) in other payables 890 (399)
Net cash used in operating activities (15,118) (12,199)
CASH FLOWS FROM INVESTING ACTIVITIES:    
Investment in short-term bank deposits (5,500)
Purchase of property, plant and equipment (1,091) (166)
Proceeds from sale of property, plant and equipment 9
Investments in marketable securities (14,444) (28,838)
Proceeds from matured marketable securities 20,000
Withdrawal from short-term bank deposits 18,500
Amounts funded in respect of employee rights upon retirement (66) (61)
Net cash provided by (used in) investing activities 4,399 (16,056)
CASH FLOWS FROM FINANCING ACTIVITIES:    
Proceeds from exercise of warrants, net of $1,000 issuance costs 16,854
Proceeds from issuance of shares and warrants, net 35 37,534
Net cash provided by financing activities 16,889 37,534
EFFECT OF EXCHANGE RATE CHANGES ON CASH AND CASH EQUIVALENTS 8 (72)
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 6,178 9,207
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF THE PERIOD 9,640 4,632
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF THE PERIOD 15,818 13,839
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:    
Acquisition of right-of-use assets by means of lease liabilities 419
Non-cash lease incentive 45
Decrease in right-of-use assets and lease liabilities due to shortening lease term $ 131