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

Consolidated Statements of Cash Flows

v3.26.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2025
Dec. 31, 2024
Dec. 31, 2023
Cash flows from operating activities:      
Net loss $ (9,828) $ (7,880) $ (7,634)
Adjustments required to reconcile net loss to net cash used in operating activities:      
Depreciation of property, plant and equipment 24 7 15
Reduction in the carrying amount of operating lease right of use asset 42 37 94
Share-based payment 340 362 261
Changes in fair value of short-term investment 4 14 (11)
Financial expenses (income), net 36 90 (222)
Change in prepaid expenses, and other current assets 195 (109) 184
Decrease in operating lease liability (33) (32) (84)
Increase (decrease) in trade payable 543 191 (469)
Decrease in deferred revenues (405) (349) (743)
Increase (decrease) in other accounts payable 133 32 169
Net cash used in operating activities (8,949) (7,637) (8,440)
Cash flows from investing activities:      
Purchase of property, plant and equipment (2) (5) (2)
Maturity of short-term deposits, net 1,500 500
Net cash provided by investing activities (2) 1,495 498
Cash flows from financing activities:      
Issuance of ordinary shares due to ATM, net of issuance costs 2,933 2,223
Issuance of ordinary shares and warrants, net of issuance costs 6,711 4,488 9,144
Net cash provided by financing activities 9,644 6,711 9,144
Exchange differences on balances of cash and cash equivalents 10 (22) 98
Increase (decrease) in cash and cash equivalents 703 547 1,300
Cash and cash equivalents at the beginning of the year 4,825 4,278 2,978
Cash and cash equivalents at the end of the year 5,528 4,825 4,278
Non-cash activities:      
Lease liabilities arising from obtaining right-of-use-assets $ 96 $ 62