Annual report pursuant to Section 13 and 15(d)

Consolidated Statements of Cash Flows

v3.24.1
Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
 12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
CASH FLOWS – OPERATING ACTIVITIES    
Net loss $ (26,169) $ (28,317)
Adjustments required to reconcile net loss to cash flows used in operating activities    
Depreciation and amortization 871 2,520
Stock-based compensation 1,059 1,529
Amortization of debt issuance costs 567 463
Finance income, net (128) (842)
Changes in other liabilities (33) (27)
Capital loss, net 71 10
Changes in operating assets and liabilities:    
Other current assets 819 956
Trade account payables 556 (1,975)
Other account payables 1,194 (3,303)
Net change in operating leases (93) (106)
Net cash used in operating activities (21,286) (29,092)
CASH FLOWS – INVESTING ACTIVITIES    
Investment in short-term deposits (13,500)
Proceeds from short -term deposits 2,000 11,500
Purchase of property and equipment (50) (112)
Proceeds from sale of property and equipment 1 5
Net cash provided by (used in) investing activities 1,951 (2,107)
CASH FLOWS – FINANCING ACTIVITIES    
Issuance of Common Stock under Open Market Sales Agreement, net of issuance costs 273
Issuance of Common Stock and warrants under PIPE 7,485
Issuance costs from PIPE (333)
Repayment of long-term debt (4,253)
Proceeds on account of shares 19
Net cash provided by financing activities 2,899 292
Decrease in cash and cash equivalents and restricted cash (16,436) (30,907)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 6 106
Cash and cash equivalents and restricted cash at the beginning of the year 32,294 63,095
Cash and cash equivalents and restricted cash at the end of the year 15,864 32,294
Cash and cash equivalents 14,907 31,332
Restricted cash 957 962
Total cash and cash equivalents and restricted cash 15,864 32,294
SUPPLEMENTAL DISCLOSURE OF CASH FLOW INFORMATION:    
Cash paid for interest 1,873 1,554
Taxes paid 54 65
SUPPLEMENTAL DISCLOSURE OF NON-CASH INVESTING ACTIVITIES:    
Property and equipment purchases included in accounts payable $ 5