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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      
Loss for the year $ (18,410) $ (21,676) $ (15,036)
Adjustments to reconcile loss to net cash used in operating activities: 3,484 4,619 2,911
Net cash used in operating activities (14,926) (17,057) (12,125)
Cash flows from Investing Activities      
Changes in short term deposits 7,216 10,297 (12,347)
Purchase of fixed assets (124) (313) (235)
Investment in SAFE (286)
Investment in equity securities (715)
Net cash provided by (used in) investing activities 7,092 8,983 (12,582)
Cash flows from Financing Activities      
Issuance of ordinary shares, net of issuance costs 4,181 13,508
Proceeds from exercise of warrants 595
Proceeds from exercise of options 57
Net cash provided by financing activities 4,181 14,160
Effect of exchange rate changes on cash and cash equivalents 112 (839) (37)
Decrease in cash and cash equivalents and restricted cash (3,541) (8,913) (10,584)
Cash and cash equivalents and restricted cash at the beginning of the period 19,275 28,188 38,772
Cash and cash equivalents and restricted cash at the end of the period 15,734 19,275 28,188
Adjustments to reconcile loss to net cash used in operating activities:      
Share-based payment 1,441 1,826 2,464
Depreciation 263 218 159
Revaluation of marketable securities 2,330 2,217 30
Exchange rate changes on cash and cash equivalents (112) 839 37
Changes in assets and liabilities:      
Decrease (increase) in other current assets 311 (182) (259)
Increase (decrease) in trade payables (179) 62 (138)
Increase in trade receivables (308)
Change in operating lease liability, net (18) (289) (33)
Increase (decrease) in other payables (244) (72) 651
Adjustments to reconcile loss to net cash used in operating activities 3,484 4,619 2,911
Non-Cash Activities:      
Accrued issuance costs recorded in shareholders’ equity 92
Conversion of SAFE to investment in equity securities $ 286