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, 2023
Dec. 31, 2022
Dec. 31, 2021
Cash flows from operating activities:      
Net loss $ (7,634) $ (10,173) $ (12,615)
Adjustments required to reconcile net loss to net cash used in operating activities:      
Depreciation of property, plant and equipment 15 14 14
Reduction in the carrying amount of operating lease right of use asset 94 54 55
Share-based payment 261 263 466
Changes in fair value of short-term investment (11) 229 (162)
Financial expenses (income), net (222) 113 (46)
Change in prepaid expenses, and other current assets 184 (241) 128
Decrease in operating lease liability (84) (62) (63)
Increase (decrease) in trade payable (469) (58) 393
Increase (decrease) in deferred revenues (743) (810) 1,398
Increase (decrease) in other accounts payable 169 (130) 574
Net cash used in operating activities (8,440) (10,801) (9,858)
Cash flows from investing activities:      
Purchase of property, plant and equipment (2) (9) (11)
Investment in (maturity) of short-term deposits, net 500 9,511 (14,500)
Net cash used in investing activities 498 9,502 (14,511)
Cash flows from financing activities:      
Issuance of ordinary shares and warrants, net of issuance expenses 9,144 20,457
Net cash provided by financing activities 9,144 20,457
Exchange differences on balances of cash and cash equivalents 98 (113) 34
Increase (decrease) in cash and cash equivalents 1,300 (1,412) (3,878)
Cash and cash equivalents at the beginning of the year 2,978 4,390 8,268
Cash and cash equivalents at the end of the year 4,278 2,978 4,390
Non-cash activities:      
Lease liabilities arising from obtaining right-of-use-assets 62 120
Deemed Dividend 2,590
Supplemental disclosure of cash flow information:      
Cash paid during the year for interest $ 18