Annual and transition report of foreign private issuers pursuant to Section 13 or 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2021
Dec. 31, 2020
Dec. 31, 2019
Cash flows from operating activities:      
Net loss $ (12,615) $ (14,443) $ (12,625)
Adjustments required to reconcile net loss to net cash used in operating activities:      
Depreciation of property, plant and equipment and amortization 14 12 14
Decrease in operating lease right of use asset 55 9 28
Change in prepaid expenses, and other current assets 128 4,275 221
Share-based payment 398 355 385
Share-based payment in exchange for services 68
Changes in fair value of short-term investment (162) (11) 209
Decrease in operating lease liability (63) (8) (33)
Interest on bank deposits (12)
non-cash financial expenses (income), net (34) 23 (2)
Increase (decrease) in trade payable 393 (1,595) 1,085
Increase (decrease) in deferred revenues 1,398 (401) 146
Increase (decrease) in other accounts payable 574 (279) (512)
Net cash used in operating activities (9,858) (12,063) (11,084)
Cash flows from investing activities:      
Purchase of property, plant and equipment (11) (26) (3)
Investment in short-term deposits (14,500)
Net cash used in investing activities (14,511) (26) (3)
Cash flows from financing activities:      
Issuance of share capital and warrants, net of issuance expenses 20,457 17,683 10,167
Net cash provided by financing activities 20,457 17,683 10,167
Exchange differences on balances of cash and cash equivalents 34 (23) 2
Increase (decrease) in cash and cash equivalents (3,878) 5,571 (918)
Cash and cash equivalents at the beginning of the year 8,268 2,697 3,615
Cash and cash equivalents at the end of the year 4,390 8,268 2,697
Non-cash activities:      
Lease liabilities arising from obtaining right-of-use-assets 120 29 76
Deemed Dividend 2,590 715
Supplemental disclosure of cash flow information:      
Cash paid during the year for interest $ 18 $ 23 $ 29