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CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
Cash Flows From Operating Activities:    
Net income (loss) $ 4,670 $ (20,550)
Adjustments required to reconcile net income (loss) to net cash used in operating activities:    
Depreciation and amortization 44 27
Changes in accrued liability for employee severance benefits, net of retirement fund profit 10 (108)
Stock-based compensation 893 2,442
Non-cash finance income, net 0 (66)
Gain on the disposition of the MST Franchise (13,005) 0
Changes in operating assets and liabilities:    
Decrease in trade receivables 7,048 5,064
Decrease (increase) in inventory 97 (688)
Decrease in prepaid expenses and other assets and operating lease right of use asset 100 719
Decrease in other non-current assets 0 404
(Decrease) increase in trade payables, accrued expenses and liability for employee related obligations (9,600) 205
Decrease in operating lease liabilities (232) 0
Net cash used in operating activities (9,975) (12,551)
Cash Flows From Investing Activities:    
Net proceeds from the sale of the MST Franchise 16,688 0
Net cash provided by investing activities 16,688 0
Cash Flows From Financing Activities:    
Proceeds related to issuance of common shares through offerings, net of issuance costs 1,557 73,127
(Payments) proceeds related to issuance of stock for stock-based compensation arrangements, net (25) 376
Net cash provided by financing activities 1,532 73,503
Increase in cash, cash equivalents and restricted cash 8,245 60,952
Effect of exchange rate on cash, cash equivalents and restricted cash 0 1
Cash, cash equivalents and restricted cash at beginning of the period 42,855 58,418
Cash, cash equivalents and restricted cash at end of the period 51,100 119,371
Cash and cash equivalents 50,495 118,516
Restricted cash 605 855
Total cash, cash equivalents and restricted cash shown in statement of cash flows 51,100 119,371
Supplemental disclosure of cash flow information:    
Amount due from sale of MST Franchise 5,000 0
Interest paid $ 0 $ 963