XML 29 R6.htm IDEA: XBRL DOCUMENT v3.24.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash Flows from Operating Activities:      
Net loss $ (6,716) $ (19,599) $ (13,551)
Adjustments to profit and loss items:      
Depreciation and amortization 1,303 1,272 1,238
Share-based compensation 1,940 1,946 1,673
Revaluation of warrants accounted at fair value (8,310) 8,977 0
Issuance expenses of warrants through profit and loss 0 1,911 0
Revaluation of liabilities in respect of IIA grants 427 (132) 919
Revaluation of liabilities in respect of TEVA 468 533 590
Financing income and exchange differences of lease liability 257 (109) 188
Increase in severance pay liability, net 83 109 13
Other income (211) 0 0
Financial income, net (2,231) (74) (11)
Un-realized foreign currency loss (gain) 189 525 (137)
Adjustments to profit and loss items, total (6,085) 14,958 4,473
Changes in asset and liability items:      
Decrease (increase) in trade receivables 5,658 (7,582) 929
Decrease (increase) in inventories (906) (721) 257
Decrease (increase) in other receivables (894) 364 (763)
Increase (decrease) in trade payables and accrued expenses (594) 414 1,723
Increase (decrease) in other payables (928) 281 (1,984)
Changes in asset and liability items, total 2,336 (7,244) 162
Net cash used in operating activities (10,465) (11,885) (8,916)
Cash Flows from Investing Activities:      
Purchase of property and equipment (6,464) (555) (489)
Interest received 1,947 74 35
Proceeds from (investment in) short term bank deposits, net (29,804) 0 4,002
Net cash (used in) provided by investing activities (34,321) (481) 3,548
Cash Flows from Financing Activities:      
Repayment of leases liabilities (778) (701) (693)
Proceeds from exercise of options 0 3
Proceeds from exercise of pre-funded warrants 0 10 0
Proceeds from issuance of shares and warrants, net 24,909 38,380 0
Repayment of IIA grants, net (380) (258) (360)
Repayment of liabilities in respect of TEVA (834) (1,667) 0
Net cash provided by (used in) financing activities 22,917 35,764 (1,050)
Exchange rate differences on cash and cash equivalent balances (160) (549) 88
Increase (decrease) in cash and cash equivalents (22,029) 22,849 (6,330)
Balance of cash and cash equivalents at the beginning of the year 33,895 11,046 17,376
Balance of cash and cash equivalents at the end of the year 11,866 33,895 11,046
Supplement disclosure of non-cash transactions:      
ROU asset, net recognized with corresponding lease liability 6,825 117 155
Purchase of property and equipment $ (1,011) $ 0 $ 0