Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2020
Dec. 31, 2019
CASH FLOWS - OPERATING ACTIVITIES    
Net loss $ (30,086) $ (20,563)
Adjustments required to reconcile net loss to cash flows used in operating activities    
Depreciation and amortization 2,180 318
Stock-based compensation 2,890 938
Revaluation of contingent liabilities 116 (304)
Changes in operating assets and liabilities:    
Other current assets (1,503) (1,845)
Trade account payables (858) 3,060
Other account payables 1,382 836
Operating lease liabilities 1,382 83
Related parties 50 (100)
Net cash used in operating activities (24,447) (17,577)
CASH FLOWS – INVESTING ACTIVITIES    
Decrease (Increase) in short-term deposits (9,848) 21,052
Purchase of property and equipment (1,009) (1,312)
Net cash provided by (used in) investing activities (10,857) 19,740
CASH FLOWS – FINANCING ACTIVITIES    
Issuance of Common Stock, net of issuance costs (98) 1,800
Outflows in connection with current assets and liabilities acquired in Recapitalization Transaction (75) 59,673
Acquisition of treasury stock (19)
Exercise of stock options 307 100
Net cash provided by financing activities 134 61,554
Increase (decrease) in cash and cash equivalents and restricted cash (35,170) 63,717
Cash and cash equivalents and restricted cash at the beginning of the year 72,410 8,693
Cash and cash equivalents and restricted cash at the end of the year 37,240 72,410
SUPPLEMENTAL DISCLOSURE OF NON-CASH ACTIVITIES:    
Recognition of right-of-use asset and lease liability upon adoption of ASU 2016-02 662
Assets acquired under operating leases 4,547 690
Assets acquired (liabilities assumed) in Recapitalization Transaction:    
Current assets (excluding cash and cash equivalents) (88)
Current liabilities 364
Recapitalization Transaction effect on equity 59,397
Cash acquired in connection with Recapitalization Transaction $ 59,673