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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from Operating Activities      
Loss for the year $ (11,138) $ (18,410) $ (21,676)
Adjustments to reconcile loss to net cash used in operating activities: 83 3,484 4,619
Net cash used in operating activities (11,055) (14,926) (17,057)
Cash flows from Investing Activities      
Changes in short term deposits 7,216 10,297
Purchase of fixed assets (62) (124) (313)
Investment in SAFE (286)
Proceeds (investment) from sales of marketable securities 1,847 (715)
Net cash provided by investing activities 1,785 7,092 8,983
Cash flows from Financing Activities      
Issuance of Ordinary Shares, net of issuance expenses 903 4,181
Net cash provided by financing activities 903 4,181
Effect of exchange rate changes on cash and cash equivalents (185) 112 (839)
Decrease in cash and cash equivalents and restricted cash (8,552) (3,541) (8,913)
Cash and cash equivalents and restricted cash at the beginning of the period 15,734 19,275 28,188
Cash and cash equivalents and restricted cash at the end of the period 7,182 15,734 19,275
Adjustments to reconcile loss to net cash used in operating activities:      
Share-based payment 788 1,441 1,826
Depreciation 200 263 218
Revaluation of marketable securities (1,444) 2,330 2,217
Exchange rate changes on cash and cash equivalents 185 (112) 839
Changes in assets and liabilities:      
Decrease (increase) in other current assets 51 311 (182)
Increase (decrease) in trade payables 161 (179) 62
Decrease (increase) in trade receivables 195 (308)
Change in operating lease liability, net 156 (18) (289)
Decrease in other payables (209) (244) (72)
Adjustments to reconcile loss to net cash used in operating activities 83 3,484 4,619
Non-Cash Activities:      
Accrued issuance costs recorded in shareholders’ equity 92
Conversion of SAFE to investment in equity securities 286
Shareholder debt waiver recognized as capital contribution 182
Increase of Lease Liability and Operating lease right-of-use asset due to lease modification (Note 9) $ 637