XML 32 R8.htm IDEA: XBRL DOCUMENT v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from Operating Activities      
Loss for the year $ (12,103) $ (11,138) $ (18,410)
Adjustments to reconcile loss to net cash used in operating activities: 1,650 83 3,484
Net cash used in operating activities (10,453) (11,055) (14,926)
Cash flows from Investing Activities      
Changes in short term deposits 7,216
Purchase of fixed assets (25) (62) (124)
Proceeds from sales of marketable securities 1,847
Net cash provided by (used in) investing activities (25) 1,785 7,092
Cash flows from Financing Activities      
Issuance of Ordinary Shares, net of issuance expenses 9,476 903 4,181
Net cash provided by financing activities 9,476 903 4,181
Effect of exchange rate changes on cash and cash equivalents 109 (185) 112
Decrease in cash and cash equivalents and restricted cash (893) (8,552) (3,541)
Cash and cash equivalents and restricted cash at the beginning of the period 7,182 15,734 19,275
Cash and cash equivalents and restricted cash at the end of the period 6,289 7,182 15,734
Adjustments to reconcile loss to net cash used in operating activities:      
Share-based payment 947 788 1,441
Depreciation 161 200 263
Revaluation of marketable securities 45 (1,444) 2,330
Exchange rate changes on cash and cash equivalents (109) 185 (112)
Changes in assets and liabilities:      
Decrease (increase) in trade receivables (5) 195 (308)
Decrease in other current receivables 82 51 311
Increase (decrease) in trade payables (48) 161 (179)
Change in operating lease liability, net 192 156 (18)
Increase (decrease) in other current payables 385 (209) (244)
Adjustments to reconcile loss to net cash used in operating activities 1,650 83 3,484
Non-Cash Activities:      
Accrued issuance costs recorded in shareholders’ equity 150 92
Shareholder debt waiver recognized as capital contribution 61 182
Increase of lease liability and operating lease right-of-use asset due to lease modification (Note 9) $ 637