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CONSOLIDATED BALANCE SHEETS - USD ($)
$ in Thousands
Dec. 31, 2021
Dec. 31, 2020
CURRENT ASSETS:    
Cash and cash equivalents $ 23,236 $ 15,598
Restricted cash 618 576
Short-term deposits 8,080 30,417
Prepaid expenses and other receivables 707 864
Total current assets 32,641 47,455
Long-term assets:    
Long term prepaid expenses 2,028 139
Property and equipment, net 7,546 5,395
Total long-term assets 9,574 5,534
Total assets 42,215 52,989
CURRENT LIABILITIES:    
Trade payables 1,203 964
Other payables and accrued expenses 3,202 1,124
Total current liabilities 4,405 2,088
LONG-TERM LIABILITIES:    
Warrants to convertible preferred shares 18,623 5,366
Total liabilities 23,028 7,454
Commitments and Contingencies
Convertible Preferred shares of no-par value per share - Authorized: 25,348,176 shares as of December 31, 2020 and 2021; Issued and outstanding: 13,739,186 shares as of December 31, 2020 and 2021; *) 53,964 53,964
Shareholders' deficiency:    
Additional paid-in capital [1] 18,063 17,140
Accumulated deficit (52,840) (25,569)
Total shareholders' deficiency [1] (34,777) (8,429)
Total liabilities, convertible preferred shares and shareholders' deficiency $ 42,215 $ 52,989
[1] Prior period results have been retroactively adjusted to reflect the 1: 0.905292 stock split effected on March 7, 2022. See also note 10, Shareholders’ Deficiency, for details.