Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

v3.23.1
Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 3 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS – OPERATING ACTIVITIES    
Net loss $ (6,361) $ (8,169)
Adjustments required to reconcile cash flows used in operating activities:    
Depreciation and amortization 223 632
Stock-based compensation 175 615
Amortization of debt issuance costs 68 125
Finance expense (income), net (123) 4
Changes in other liabilities 4
Changes in operating assets and liabilities:    
Other current and non-current assets (174) 1,183
Trade accounts payable 363 (1,400)
Other accounts payable 806 (208)
Net change in operating leases (26) (145)
Net cash used in operating activities (5,045) (7,363)
CASH FLOWS – INVESTING ACTIVITIES    
Investment in short-term deposits (10,000)
Proceeds from short-term deposits 2,000
Purchases of property and equipment (10) (20)
Net cash provided by (used in) investing activities 1,990 (10,020)
CASH FLOWS – FINANCING ACTIVITIES    
Issuance of Common Stock under Open Market Sales Agreement, net of issuance costs 37
Issuance of Common Stock and warrants under PIPE 1,469  
Repayment of long term debt (419)
Net cash provided by financing activities 1,050 37
Decrease in cash and cash equivalents and restricted cash (2,005) (17,346)
Effect of exchange rate changes on cash and cash equivalents and restricted cash 13 (4)
Cash and cash equivalents and restricted cash at the beginning of the period 32,294 63,095
Cash and cash equivalents and restricted cash at the end of the period 30,302 45,745
Reconciliation of amounts on consolidated balance sheets    
Cash and cash equivalents 29,346 44,755
Restricted cash 956 990
Total cash and cash equivalents and restricted cash 30,302 45,745
Supplemental disclosures of cash flow information    
Cash paid for interest 495 336
Taxes paid 6 $ 9
Issuance costs from PIPE included in trade accounts payable $ 176