Annual and transition report of foreign private issuers [Sections 13 or 15(d)]

Consolidated Statements of Cash Flows

v3.25.1
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 $ (7,880) $ (7,634) $ (10,173)
Adjustments required to reconcile net loss to net cash used in operating activities:      
Depreciation of property, plant and equipment 7 15 14
Reduction in the carrying amount of operating lease right of use asset 37 94 54
Share-based payment 362 261 263
Changes in fair value of short-term investment 14 (11) 229
Financial expenses (income), net 90 (222) 113
Change in prepaid expenses, and other current assets (109) 184 (241)
Decrease in operating lease liability (32) (84) (62)
Increase (decrease) in trade payable 191 (469) (58)
Decrease in deferred revenues (349) (743) (810)
Increase (decrease) in other accounts payable 32 169 (130)
Net cash used in operating activities (7,637) (8,440) (10,801)
Cash flows from investing activities:      
Purchase of property, plant and equipment (5) (2) (9)
Maturity of short-term deposits, net 1,500 500 9,511
Net cash provided by investing activities 1,495 498 9,502
Cash flows from financing activities:      
Issuance of ordinary shares due to ATM, net of issuance costs 2,223
Issuance of ordinary shares and warrants, net of issuance costs 4,488 9,144
Net cash provided by financing activities 6,711 9,144
Exchange differences on balances of cash and cash equivalents (22) 98 (113)
Increase (decrease) in cash and cash equivalents 547 1,300 (1,412)
Cash and cash equivalents at the beginning of the year 4,278 2,978 4,390
Cash and cash equivalents at the end of the year 4,825 4,278 2,978
Non-cash activities:      
Lease liabilities arising from obtaining right-of-use-assets $ 96 $ 62