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Interim Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended 9 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Sep. 30, 2024
Sep. 30, 2023
CASH FLOWS FROM OPERATING ACTIVITIES:        
Net loss $ (2,867) $ (2,542) $ (8,211) $ (8,104)
Adjustments to reconcile net loss to net cash used in operations:        
Depreciation 28 47 92 239
Stock based compensation 537 371 1,500 1,056
Severance pay asset and liability (1) (1) (14) 53
Interest and exchange differences from operating lease liability 13 (56) (29) (78)
Loss (Profit) from exchange differences on cash and cash equivalents (29) 11 11 64
Interest income in respect of deposits 167 96 (22)
Changes in operating assets and liability items:        
Decrease (increase) in accounts receivable (154) 158 460 60
Decrease (increase) in inventory 111 (58) 176 (152)
Decrease in operating lease liability (114) (115) (340) (225)
Decrease in right-of-use asset 111 117 338 211
Decrease (increase)in other current and non-current assets 23 95 (202) (292)
Increase (decrease) in accounts payable 9 (481) 14 (4)
Increase (decrease) in related parties 9 5 10 (6)
Decrease in contract fulfillment assets 13 60 133 179
Decrease in current and non-current contract liabilities (101) (110) (228) (793)
Increase in accrued compensation expenses 187 307 606 396
Increase (decrease) in other current and non-current liabilities 26 (230) 66 80
Net cash flows used in operating activities (2,199) (2,255) (5,522) (7,338)
CASH FLOWS FROM INVESTING ACTIVITIES:        
Purchase of property and equipment (8) (37) (38) (94)
Withdrawal of short terms deposits 15,000 8,000 18,000
Investment in short term deposits (18,500)
Net cash flows provided by (used in) investing activities (8) 14,963 7,962 (594)
CASH FLOWS FROM FINANCING ACTIVITIES:        
Proceeds from issuance of shares and warrants 9,850 (78) 9,850 13,835
Net cash flows provided by (used in) financing activities 9,850 (78) 9,850 13,835
INCREASE (DECREASE) IN CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 7,643 12,630 12,290 5,903
BALANCE OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT BEGINNING OF THE PERIOD 13,552 3,319 8,945 10,099
LOSS (PROFIT) FROM EXCHANGE DIFFERENCES ON CASH AND CASH EQUIVALENTS AND RESTRICTED CASH 29 (11) (11) (64)
BALANCE OF CASH AND CASH EQUIVALENTS AND RESTRICTED CASH AT THE END OF THE PERIOD 21,224 15,938 21,224 15,938
Non cash activities        
Right-of-use assets obtained in exchange for operating lease liabilities 47 1,112 167 1,577
Termination of right-of-use assets in exchange for cancellation of operating lease obligations $ (27) $ (55) $ (52)