Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.21.2
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 9 Months Ended
Sep. 30, 2021
Sep. 30, 2020
CASH FLOWS – OPERATING ACTIVITIES    
Net loss $ (25,769) $ (20,942)
Adjustments required to reconcile cash flows used in operating activities:    
Depreciation and amortization 1,746 1,618
Stock-based compensation 2,652 2,128
Finance expense, net 2  
Changes in other liabilities (281) 116
Loss from sale of property and equipment 24  
Changes in operating assets and liabilities:    
Other current assets 2,109 1,318
Trade account payables (549) (1,877)
Other account payables 1,760 218
Net change in operating leases (177) 46
Related parties 50
Net cash used in operating activities (18,483) (17,325)
CASH FLOWS – INVESTING ACTIVITIES    
Investment in short-term deposits (387)
Proceeds from short-term deposits 19,851
Purchases of property and equipment (3,579) (662)
Proceeds from sale of property and equipment 4
Net cash provided by (used in) investing activities 16,276 (1,049)
CASH FLOWS – FINANCING ACTIVITIES    
Issuance of Common Stock under Open Market Sales Agreement, net of issuance costs 5,188
Issuance of Common Stock under SPA, net of issuance costs 13,766  
Proceeds from long-term debt, net of issuance costs 14,225  
Outflows in connection with current assets and liabilities acquired in reverse recapitalization (75)
Exercise of stock options 121 196
Net cash provided by financing activities 33,300 121
Increase (decrease) in cash and cash equivalents and restricted cash 31,093 (18,253)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (2)
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 68,331 54,157
Supplemental disclosures of cash flow information    
Cash paid for interest 60  
Taxes paid 16  
Supplemental disclosure of non-cash investing    
Property and equipment purchases included in accounts payable and other payables 691  
Right-of-use assets obtained in exchange for new operation lease liabilities $ 168 $ 3,551