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, 2022
Dec. 31, 2021
Dec. 31, 2020
Cash flows from operating activities:      
Net loss $ (10,173) $ (12,615) $ (14,443)
Adjustments required to reconcile net loss to net cash used in operating activities:      
Depreciation of property, plant and equipment 14 14 12
Reduction in the carrying amount of operating lease right of use asset 54 55 9
Share-based payment 263 466 355
Changes in fair value of short-term investment 229 (162) (11)
Financial expenses (income), net 113 (46) 23
Change in prepaid expenses, and other current assets (241) 128 4,275
Decrease in operating lease liability (62) (63) (8)
Increase (decrease) in trade payable (58) 393 (1,595)
Increase (decrease) in deferred revenues (810) 1,398 (401)
Increase (decrease) in other accounts payable (130) 574 (279)
Net cash used in operating activities (10,801) (9,858) (12,063)
Cash flows from investing activities:      
Purchase of property, plant and equipment (9) (11) (26)
Withdrawal (investment) in short-term deposits, net 9,511 (14,500)
Net cash used in investing activities 9,502 (14,511) (26)
Cash flows from financing activities:      
Issuance of share capital and warrants, net of issuance expenses 20,457 17,683
Net cash provided by financing activities 20,457 17,683
Exchange differences on balances of cash and cash equivalents (113) 34 (23)
Increase (decrease) in cash and cash equivalents (1,412) (3,878) 5,571
Cash and cash equivalents at the beginning of the year 4,390 8,268 2,697
Cash and cash equivalents at the end of the year 2,978 4,390 8,268
Non-cash activities:      
Lease liabilities arising from obtaining right-of-use-assets 120 29
Deemed Dividend 2,590 715
Supplemental disclosure of cash flow information:      
Cash paid during the year for interest $ 18 $ 23