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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:      
Net loss $ (29,157) $ (33,762) $ (27,271)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 1,074 979 776
Share-based compensation 7,926 6,748 812
Non-cash financial expenses (income), net 1,740 (1,325) 29
Decrease (increase) in prepaid expenses and other receivables 281 (341) 157
(Increase) decrease in long term prepaid expenses (80) 1,637 (1,889)
Change in the fair value of warrants liabilities (2,033) 3,788 13,257
Increase in trade payables 1,143 220 239
Increase (decrease) in other payables and accrued expenses 1,228 (1,206) 2,078
Change in operating lease liabilities (809) (1,152)
Change in operating lease right-of-use assets 729 535
Net cash used in operating activities (17,958) (23,879) (11,812)
Cash flows from investing activities:      
Investment in short-term deposits (163,629) (121,137) (8,082)
Investment in restricted deposit (3,152)
Proceeds from short-term deposits 191,864 32,105 30,282
Purchase of property and equipment (6,401) (904) (2,927)
Net cash provided by (used in) investing activities 18,682 (89,936) 19,273
Cash flows from financing activities:      
Proceeds from bank loan 5,248
Proceeds from SPAC merger and PIPE financing, net of transaction cost 93,543
Proceeds from exercise of Warrants 3,335
Proceeds from exercise of options 49 27 111
Net cash provided by financing activities 5,297 96,905 111
Effect of exchange rate changes on cash, cash equivalents and restricted cash (50) (258) 108
Increase (decrease) in cash and cash equivalents and restricted cash 5,971 (17,168) 7,680
Cash, cash equivalents and restricted cash at the beginning of the year 6,686 23,854 16,174
Cash, cash equivalents and restricted cash at the end of the year 12,657 6,686 23,854
Supplemental disclosure of cash flows information:      
Income taxes paid 16 8 1
Interest received 6,160 237 351
Interest paid 52
Operating lease liabilities arising from obtaining right of use assets $ 3,304