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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:      
Net loss $ (31,750) $ (29,157) $ (33,762)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 1,102 1,074 979
Share-based compensation 9,916 7,926 6,748
Non-cash financial (income) expenses, net 40 1,740 (1,325)
(Increase) decrease in prepaid expenses and other receivables (558) 281 (341)
Decrease (increase) in long term prepaid expenses 39 (80) 1,637
Change in the fair value of warrants liabilities (259) (2,033) 3,788
Increase in trade payables 965 1,143 220
(Decrease) increase in other payables and accrued expenses 659 1,228 (1,206)
Change in operating lease liabilities (726) (809) (1,152)
Change in operating lease right-of-use assets 789 729 535
Net cash used in operating activities (19,783) (17,958) (23,879)
Cash flows from investing activities:      
Investment in short-term deposits (125,082) (163,629) (121,137)
Investment in restricted deposit (103) (3,152)
Proceeds from short-term deposits 148,191 191,864 32,105
Purchase of property and equipment (2,238) (6,401) (904)
Net cash provided by (used in) investing activities 20,768 18,682 (89,936)
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 25 49 27
Net cash provided by financing activities 25 5,297 96,905
Effect of exchange rate changes on cash and cash equivalents 57 (50) (258)
(Decrease) increase in cash and cash equivalents 1,067 5,971 (17,168)
Cash and cash equivalents at the beginning of the year 12,657 6,686 23,854
Cash and cash equivalents at the end of the year 13,724 12,657 6,686
Supplemental disclosure of cash flows information:      
Income taxes paid 5 16 8
Interest received 4,424 6,160 237
Interest paid 321 52
Supplemental disclosure of noncash investing and financing activities:      
Operating lease liabilities arising from obtaining right of use assets $ 35 $ 3,304