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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
Dec. 31, 2018
CASH FLOWS FROM OPERATING ACTIVITIES:      
Net loss $ (4,667) $ (1,829) $ (524)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 66 6 5
Share based compensation 1,107 27 25
Loss (profit) from exchange differences on cash and cash equivalents (85) 5
Other non-cash items 4 (10) 1
CHANGES IN OPERATING ASSET AND LIABILITY:      
Accounts receivable 5 68 (85)
Decrease (increase) in inventory 693 (819) (25)
Other current assets (270) (16) (62)
Account payables 44 16
Contract fulfillment assets (1,130)
Contract liability 346 302 192
Accrued compensation expenses 72 166 (13)
Receivable from Parent Company (15) (73)
Other accrued expenses (357) 358 32
Net cash flows used in operating activities (4,187) (1,799) (454)
CASH FLOWS FROM INVESTING ACTIVITIES:      
Purchase of property and equipment (276) (52)
Change in severance pay asset (3) 4
Net cash flows generated from (used in) investing activities (276) (55) 4
CASH FLOWS FROM FINANCING ACTIVITIES:      
Proceeds from issuance of shares and warrants 2,858
Proceeds from exercise of warrants 1,729
Repayment of loan from Parent Company (81)
Transfer from Parent Company 514 450
Sale of assets to Parent Company 168
Capital contribution from Parent Company 720
Loan from Parent Company 500
Cash obtained in connection with Recapitalization Transaction 3,202
Net cash flows provided by financing activities 4,506 5,104 450
INCREASE IN CASH AND CASH EQUIVALENTS 43 3,250
BALANCE OF CASH AND CASH EQUIVALENTS AT BEGINNING OF YEAR 3,245
PRPFITS (LOSSES) FROM EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS 85 (5)
BALANCE OF CASH AND CASH EQUIVALENTS AT END OF YEAR 3,373 3,245
Non cash activities -      
Loan from Parent Company settled against receivable from Parent Company 41
Conversion of a loan from Parent Company $ 381
Assets acquired (liabilities assumed):      
Current assets excluding cash and cash equivalents    
Current liabilities   (73)  
Recapitalization Transaction costs   (89)  
Reverse recapitalization effect on equity   (3,040)  
Cash obtained in connection with Recapitalization Transaction   $ 3,202