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Consolidated Balance Sheets - USD ($)
$ in Thousands
Dec. 31, 2022
Dec. 31, 2021
CURRENT ASSETS:    
Cash and cash equivalents $ 5,836 $ 23,236
Restricted cash 850 618
Short-term deposits 98,694 8,080
Prepaid expenses and other receivables 1,097 707
Total current assets 106,477 32,641
LONG-TERM ASSETS:    
Long term prepaid expenses 391 2,028
Property and equipment, net 7,471 7,546
Right-of-use asset 5,810
Total long-term assets 13,672 9,574
Total assets 120,149 42,215
CURRENT LIABILITIES:    
Trade payables 1,423 1,203
Other payables and accrued expenses 2,246 3,202
Current maturities of operating lease liabilities 669
Total current liabilities 4,338 4,405
LONG-TERM LIABILITIES:    
Warrants liability 5,630
Warrants to Convertible Preferred shares 18,623
Operating lease liabilities 4,524
Total liabilities 14,492 23,028
COMMITMENTS AND CONTINGENCIES
CONVERTIBLE PREFERRED SHARES OF NO-PAR VALUE PER SHARE – Authorized: 25,348,176 shares and 0 as of December 31, 2021 and 2022, respectively; Issued and outstanding: 13,739,186 and 0 shares as of December 31, 2021 and 2022, respectively 53,964
SHAREHOLDERS’ (DEFICIENCY) EQUITY:    
Ordinary shares of no-par value per share – Authorized: 72,423,360 and 362,116,800 shares as of December 31, 2021 and 2022, respectively; Issued and outstanding: 40,528,913 and 69,105,000 shares as of December 31, 2021 and 2022, respectively
Additional paid-in capital 192,259 18,063
Accumulated deficit (86,602) (52,840)
Total shareholders’ (deficiency) equity 105,657 (34,777) [1]
Total liabilities, Convertible Preferred shares and shareholders’ (deficiency) equity $ 120,149 $ 42,215
[1] Prior period results have been retroactively adjusted to reflect the 1: 0.905292 stock split effected on March 7, 2022. See also note 11, Shareholders’ Deficiency, for details.