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CONDENSED CONSOLIDATED INTERIM STATEMENTS OF CASH FLOWS (UNAUDITED) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2026
Jun. 30, 2025
CASH FLOWS - OPERATING ACTIVITIES    
Comprehensive income (loss) for the period $ (6,927) $ 1,187
Adjustments required to reflect net cash used in operating activities (see appendix below) 1,430 (3,955)
Net cash used in operating activities (5,497) (2,768)
CASH FLOWS - INVESTING ACTIVITIES    
Investments in short-term deposits (7,663) (24,818)
Maturities of short-term deposits 16,714 12,926
Proceeds from sale of property and equipment 0 11
Net cash provided by (used in) investing activities 9,051 (11,881)
CASH FLOWS - FINANCING ACTIVITIES    
Issuance of share capital and warrants, net of issuance costs 44 13,554
Repayments of loan (2,240) (2,240)
Repayments of lease liabilities (124) (262)
Net cash provided by (used in) financing activities (2,320) 11,052
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS 1,234 (3,597)
CASH AND CASH EQUIVALENTS - BEGINNING OF PERIOD 3,250 10,436
EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS 143 350
CASH AND CASH EQUIVALENTS - END OF PERIOD 4,627 7,189
Income and expenses not involving cash flows:    
Depreciation and amortization 166 341
Exchange differences on cash and cash equivalents (143) (350)
Fair value adjustments of warrants 246 (6,410)
Share-based compensation 157 247
Interest and exchange differences on short-term deposits 124 48
Warrant issuance costs 0 702
Exchange differences on lease liabilities 82 110
Total income and expense not involving cash flows 632 (5,312)
Changes in operating asset and liability items:    
Decrease in trade receivables 0 2,398
Decrease (increase) in prepaid expenses and other receivables (447) 1,146
Decrease (increase) in inventory (19) 295
Increase (decrease) in accounts payable and accruals 1,264 (2,482)
Total Change in operating asset and liability 798 1,357
Total Adjustments required to reflect net cash used in operating acivities 1,430 (3,955)
Supplemental information on interest received in cash 463 583
Supplemental information on interest paid in cash 467 694
Supplemental information on non-cash transactions:    
Changes in right-of-use asset and lease liabilities $ 73 $ 45