v3.23.3
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
9 Months Ended
Sep. 30, 2023
Sep. 30, 2022
CASH FLOWS – OPERATING ACTIVITIES    
Net loss $ (20,678) $ (22,431)
Adjustments required to reconcile cash flows used in operating activities:    
Depreciation and amortization 659 1,896
Stock-based compensation 641 1,162
Amortization of debt issuance costs 453 378
Finance income, net (293) (139)
Changes in other liabilities (40) (9)
Capital loss, net 6
Changes in operating assets and liabilities:    
Other current assets 679 2,540
Trade accounts payable 241 (1,044)
Other accounts payable 3,354 (3,430)
Net change in operating leases (60) (853)
Net cash used in operating activities (15,044) (21,924)
CASH FLOWS – INVESTING ACTIVITIES    
Investment in short-term deposits (11,500)
Proceeds from short-term deposits 2,000 8,000
Purchases of property and equipment (43) (80)
Proceeds from sale of property and equipment 5
Net cash provided by (used in) investing activities 1,957 (3,575)
CASH FLOWS – FINANCING ACTIVITIES    
Issuance of Common Stock under Open Market Sales Agreement, net of issuance costs 273
Proceeds on account of shares of Common Stock 19
Issuance of Common Stock and warrants under PIPE 7,485
Issuance costs from PIPE (333)
Repayment of long-term debt (2,929)
Net cash provided by financing activities 4,223 292
Decrease in cash and cash equivalents and restricted cash (8,864) (25,207)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (37) 139
Cash and cash equivalents and restricted cash at the beginning of the period 32,294 63,095
Cash and cash equivalents and restricted cash at the end of the period 23,393 38,027
Reconciliation of amounts on consolidated balance sheets    
Cash and cash equivalents 22,450 37,067
Restricted cash 943 960
Total cash and cash equivalents and restricted cash 23,393 38,027
Supplemental disclosures of cash flow information    
Cash paid for interest 1,455 1,099
Taxes paid 50 26
Property and equipment purchases included in accounts payable $ 5 $ 30

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