Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Changes in Redeemable Convertible Preferred Shares and in Stockholders??? Equity (Capital Deficiency) (Unaudited)

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Condensed Consolidated Statements of Changes in Redeemable Convertible Preferred Shares and in Stockholders’ Equity (Capital Deficiency) (Unaudited) - USD ($)
$ in Thousands
Preferred Shares
Redeemable Convertible
Preferred Shares
Redeemable Convertible
Common Stock
Additional Paid-in Capital
Accumulated Deficit
Total
Balance at Dec. 31, 2022     $ 2 $ 157,838 $ (136,801) $ 21,039
Balance (in Shares) at Dec. 31, 2022     29,976,582      
Issuance of Common Stock and warrants under February 2023 PIPE, net of issuance costs [2]     [1] 1,293 1,293
Issuance of Common Stock and warrants under February 2023 PIPE, net of issuance costs (in Shares) [2]     3,199,491      
Stock-based compensation expenses     175 175
Net income (loss)     (6,361) (6,361)
Balance at Mar. 31, 2023     $ 2 159,306 (143,162) 16,146
Balance (in Shares) at Mar. 31, 2023     33,176,073      
Balance at Dec. 31, 2022     $ 2 157,838 (136,801) 21,039
Balance (in Shares) at Dec. 31, 2022     29,976,582      
Net income (loss)           (12,772)
Balance at Jun. 30, 2023     $ 3 165,435 (149,573) 15,865
Balance (in Shares) at Jun. 30, 2023     45,974,030      
Balance at Mar. 31, 2023     $ 2 159,306 (143,162) 16,146
Balance (in Shares) at Mar. 31, 2023     33,176,073      
Issuance of Common Stock and warrants under February 2023 PIPE, net of issuance costs [2]     $ 1 5,858   5,859
Issuance of Common Stock and warrants under February 2023 PIPE, net of issuance costs (in Shares) [2]     12,797,957      
Stock-based compensation expenses     271   271
Net income (loss)         (6,411) (6,411)
Balance at Jun. 30, 2023     $ 3 165,435 (149,573) 15,865
Balance (in Shares) at Jun. 30, 2023     45,974,030      
Balance at Dec. 31, 2023 $ 3 166,048 (162,970) 3,081
Balance (in Shares) at Dec. 31, 2023     45,979,930      
Issuance of Common Stock, Merger Warrants and Redeemable Convertible Preferred Shares upon the APT acquisition, net of issuance cost [3] $ 12,561 $ 1 3,227 3,228
Issuance of Common Stock, Merger Warrants and Redeemable Convertible Preferred Shares upon the APT acquisition, net of issuance cost (in Shares) [3] 40,470 9,164,968      
Exercise of Pre-Funded Warrants into shares of Common Stock [2] [1] 5 5
Exercise of Pre-Funded Warrants into shares of Common Stock (in Shares) [2]   4,778,265      
Issuance of Common Stock under At the Market Sales Agreement, net of $1 issuance costs [2] [1] 19 19
Issuance of Common Stock under At the Market Sales Agreement, net of $1 issuance costs (in Shares) [2]   75,179      
Stock-based compensation expenses 909 909
Issuance of Redeemable Convertible Preferred Shares upon March 2024 PIPE, net of issuance costs [2] $ 19,859 541   541
Issuance of Redeemable Convertible Preferred Shares upon March 2024 PIPE, net of issuance costs (in Shares) [2] 216,417      
Net income (loss)     (17,327) (17,327)
Balance at Mar. 31, 2024 $ 32,420 $ 4 170,749 (180,297) (9,544)
Balance (in Shares) at Mar. 31, 2024 256,887   59,998,342      
Balance at Dec. 31, 2023 $ 3 166,048 (162,970) $ 3,081
Balance (in Shares) at Dec. 31, 2023     45,979,930      
Issuance of Common Stock and warrants under February 2023 PIPE, net of issuance costs (in Shares)           250,000
Net income (loss)           $ (12,856)
Balance at Jun. 30, 2024 $ 32,420 $ 5 170,826 (175,826) 27,425
Balance (in Shares) at Jun. 30, 2024   256,887 69,806,447      
Balance at Mar. 31, 2024 $ 32,420 $ 4 170,749 (180,297) (9,544)
Balance (in Shares) at Mar. 31, 2024 256,887   59,998,342      
Exercise of Pre-Funded Warrants into shares of Common Stock [2] $ 1 1
Exercise of Pre-Funded Warrants into shares of Common Stock (in Shares) [2]   9,808,105      
Stock-based compensation expenses     77 77
Reclassification of Redeemable convertible preferred Shares to equity $ (32,420) $ 32,420 32,420
Reclassification of Redeemable convertible preferred Shares to equity (in Shares) (256,887) 256,887        
Net income (loss)       4,471 4,471
Balance at Jun. 30, 2024 $ 32,420 $ 5 $ 170,826 $ (175,826) $ 27,425
Balance (in Shares) at Jun. 30, 2024   256,887 69,806,447      
[1] Less than $1.
[2] See Note 10A.
[3] See Note 1D.