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CONDENSED CONSOLIDATED INTERIM CASH FLOW STATEMENTS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
CASH FLOWS - OPERATING ACTIVITIES    
Comprehensive income (loss) for the period $ 1,187 $ (212)
Adjustments required to reflect net cash used in operating activities (see appendix below) (3,955) (25,226)
Net cash used in operating activities (2,768) (25,438)
CASH FLOWS - INVESTING ACTIVITIES    
Investments in short-term deposits (24,818) (20,559)
Maturities of short-term deposits 12,926 28,660
Sale (purchase) of property and equipment 11 (59)
Net cash provided by (used in) investing activities (11,881) 8,042
CASH FLOWS - FINANCING ACTIVITIES    
Issuance of share capital and warrants, net of issuance costs 13,554 5,565
Net proceeds from loan 0 19,223
Repayments of loan (2,240) (1,547)
Repayments of lease liabilities (262) (256)
Net cash provided by financing activities 11,052 22,985
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS (3,597) 5,589
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 10,436 4,255
EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS 350 (221)
CASH AND CASH EQUIVALENTS - END OF PERIOD 7,189 9,623
Income and expenses not involving cash flows:    
Depreciation and amortization 341 1,373
Exchange differences on cash and cash equivalents (350) 221
Fair value adjustments of warrants (6,410) (12,845)
Warrant issuance costs 702 642
Share-based compensation 247 970
Interest on short-term deposits 48 201
Interest on loan 0 1,997
Exchange differences on lease liabilities 110 189
Total income and expense not involving cash flows (5,312) (7,252)
Changes in operating asset and liability items:    
Decrease (increase) in trade receivables 2,398 (2,821)
Decrease (increase) in prepaid expenses and other receivables 1,146 (359)
Decrease (increase) in inventory 295 (1,681)
Decrease in accounts payable and accruals (2,482) (5,633)
Decrease in contract liabilities 0 (7,480)
Total Change in operating asset and liability 1,357 (17,974)
Total Adjustments required to reflect net cash used in operating acivities (3,955) (25,226)
Supplemental information on interest received in cash 583 931
Supplemental information on interest paid in cash 694 971
Supplemental information on non-cash transactions:    
Changes in right-of-use asset and lease liabilities 45 58
Warrant issuance costs $ 0 $ 207