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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from Operating Activities      
Loss for the year $ (15,036) $ (15,375) $ (15,439)
Adjustments to reconcile loss to net cash used in operating activities: 2,911 3,880 3,578
Net cash used in operating activities (12,125) (11,495) (11,861)
Cash Flows from Investing Activities      
Changes in short term deposits (12,347) 67 7,273
Proceeds from sales of other investments 21
Proceeds from sales of marketable securities 68
Purchase of fixed assets (235) (50) (103)
Net cash provided by (used in) investing activities (12,582) 85 7,191
Cash flows from Financing Activities      
Issuance of ordinary shares, net of issuance expenses 13,508 45,017 6,521
Proceeds from exercise of warrants 595
Proceeds from exercise of options 57 263
Net cash provided by financing activities 14,160 45,280 6,521
Effect of exchange rate changes on cash and cash equivalents (37) 75 (182)
(Decrease) increase in cash and cash equivalents and restricted cash (10,584) 33,945 1,669
Cash and cash equivalents and restricted cash at the beginning of the period 38,772 4,827 3,158
Cash and cash equivalents and restricted cash at the end of the period 28,188 38,772 4,827
Share-based payment 2,464 1,162 1,638
Depreciation 159 254 259
Revaluation of derivative warrant liabilities 1
Equity in net loss of an affiliated company 2,718 839
Revaluation of other investments 324
Revaluation of marketable securities 30 (87)
Exchange rate changes on cash and cash equivalents 37 (75) 182
Changes in assets and liabilities:      
Decrease (Increase) in other current assets (259) 212 (142)
Increase (decrease) in trade payables (138) (296) 154
Change in operating lease liability (33) 60 110
Increase (decrease) in other payables 651 (68) 213
Adjustments to reconcile loss to net cash used in operating activities 2,911 3,880 3,578
Accrued issuance expenses recorded in shareholders’ equity $ 310