v3.21.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
3 Months Ended
Mar. 31, 2021
Mar. 31, 2020
CASH FLOWS – OPERATING ACTIVITIES    
Net loss $ (8,402) $ (5,901)
Adjustments required to reconcile cash flows used in operating activities:    
Depreciation and amortization 555 501
Stock-based compensation 530 337
Finance expense (income), net 26 (179)
Revaluation of contingent considerations (129) 56
Changes in operating assets and liabilities:    
Other receivables 633 388
Trade account payables 365 (1,838)
Other account payables 372 (216)
Operating lease liabilities, net (302) (48)
Related parties 50
Net cash used in operating activities (6,352) (6,850)
CASH FLOWS – INVESTING ACTIVITIES    
Investment in short-term deposits (34) (49)
Proceeds from short-term deposits 6,680
Purchases of property and equipment (1,478) (280)
Net cash provided by (used in) investing activities 5,168 (329)
CASH FLOWS – FINANCING ACTIVITIES    
Issuance of Common Stock under Open Market Sales Agreement, net of issuance costs 4,334
Outflows in connection with current assets and liabilities acquired in reverse recapitalization (75)
Exercise of stock options 23 106
Net cash provided by financing activities 4,357 31
Increase (decrease) in cash and cash equivalents and restricted cash 3,173 (7,148)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (26) 179
Cash and cash equivalents and restricted cash at the beginning of the period 37,240 72,410
Cash and cash equivalents and restricted cash at the end of the period $ 40,387 $ 65,441

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