v3.22.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS – OPERATING ACTIVITIES    
Net loss $ (8,169) $ (8,402)
Adjustments required to reconcile cash flows used in operating activities:    
Depreciation and amortization 632 555
Stock-based compensation 615 530
Amortization of debt issuance costs 125
Finance expense, net 4 26
Changes in other liabilities   (129)
Changes in operating assets and liabilities:    
Other current assets 1,183 633
Trade account payables (1,400) 365
Other account payables (208) 372
Net change in operating leases (145) (302)
Net cash used in operating activities (7,363) (6,352)
CASH FLOWS – INVESTING ACTIVITIES    
Investment in short-term deposits (10,000) (34)
Proceeds from short-term deposits   6,680
Purchases of property and equipment (20) (1,478)
Net cash provided by (used in) investing activities (10,020) 5,168
CASH FLOWS – FINANCING ACTIVITIES    
Issuance of Common Stock under Open Market Sales Agreement, net of issuance costs 37 4,334
Exercise of stock options   23
Net cash provided by financing activities 37 4,357
Increase (decrease) in cash and cash equivalents and restricted cash (17,346) 3,173
Effect of exchange rate changes on cash and cash equivalents and restricted cash (4) (26)
Cash and cash equivalents and restricted cash at the beginning of the period 63,095 37,240
Cash and cash equivalents and restricted cash at the end of the period 45,745 40,387
Reconciliation of amounts on consolidated balance sheets    
Cash and cash equivalents 44,755 39,411
Restricted cash 990 976
Total cash and cash equivalents and restricted cash 45,745 40,387
Supplemental disclosures of cash flow information    
Cash paid for interest 336  
Taxes paid $ 9 $ 3

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