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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash Flows from Operating Activities:      
Loss for the year $ (19,599) $ (13,551) $ (9,196)
Adjustments to profit and loss items:      
Profit from discontinued operation 0 0 (80)
Depreciation and amortization 1,272 1,238 1,090
Share-based compensation 1,946 1,673 1,322
Revaluation of warrants accounted at fair value 8,977 0 0
Issuance expenses of warrants through profit and loss 1,911 0 0
Revaluation of liabilities in respect of IIA grants (132) 919 828
Revaluation of liabilities in respect of TEVA 533 590 (433)
Revaluation of lease liabilities (109) 188 305
Increase in severance pay liability, net 109 13 33
Net financing income (74) (11) (297)
Un-realized foreign currency loss (gain) 525 (137) (211)
Adjustments to profit and loss items, total 14,958 4,473 2,557
Changes in asset and liability items:      
Decrease (increase) in trade receivables (7,582) 929 1,386
Decrease (increase) in inventories (721) 257 141
Decrease (increase) in other receivables 364 (763) (13)
Increase (decrease) in trade payables and accrued expenses 414 1,723 (1,096)
Increase (decrease) in other payables and deferred revenues 281 (1,984) (479)
Changes in asset and liability items, total (7,244) 162 (61)
Net cash used in continuing operating activities (11,885) (8,916) (6,700)
Net cash used in discontinued operating activities 0 0 (195)
Net cash used in operating activities (11,885) (8,916) (6,895)
Cash Flows from Investing Activities:      
Purchase of property and equipment (555) (489) (923)
Interest received 74 35 274
Proceeds from short term bank deposits, net 0 4,002 18,034
Net cash (used in) provided by investing activities (481) 3,548 17,385
Cash Flows from Financing Activities:      
Repayment of leases liabilities (701) (693) (508)
Proceeds from exercise of options [1] 3 [1]
Proceeds from exercise of pre-funded warrants 10 0 0
Proceeds from issuance of shares and warrants, net 38,380 0 0
Repayment of IIA grants, net (258) (360) (121)
Repayment of liabilities in respect of TEVA (1,667) 0 0
Net cash provided by (used in) continuing financing activities 35,764 (1,050) (629)
Exchange rate differences on cash and cash equivalent balances (549) 88 273
Increase (decrease) in cash and cash equivalents from continuing activities 22,849 (6,330) 10,329
Decrease in cash and cash equivalents from discontinued activities 0 0 (195)
Balance of cash and cash equivalents at the beginning of the year 11,046 17,376 7,242
Balance of cash and cash equivalents at the end of the year 33,895 11,046 17,376
Supplement disclosure of Non-cash transactions:      
ROU asset, net recognized with corresponding lease liability $ 117 $ 155 $ 261
[1] Represents an amount lower than $1