Quarterly report pursuant to Section 13 or 15(d)

Condensed Consolidated Statements of Cash Flows (Unaudited)

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Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)
$ in Thousands
 6 Months Ended
Jun. 30, 2023
Jun. 30, 2022
CASH FLOWS – OPERATING ACTIVITIES    
Net loss $ (12,772) $ (15,651)
Adjustments required to reconcile cash flows used in operating activities:    
Depreciation and amortization 440 1,267
Stock-based compensation 446 799
Amortization of debt issuance costs 331 251
Finance income, net (180) (79)
Changes in other liabilities 2 (6)
Capital loss, net   5
Changes in operating assets and liabilities:    
Other current assets 59 1,941
Trade accounts payable 1,353 (1,139)
Other accounts payable 1,238 (3,059)
Net change in operating leases (39) (777)
Net cash used in operating activities (9,122) (16,448)
CASH FLOWS – INVESTING ACTIVITIES    
Investment in short-term deposits (10,000)
Proceeds from short-term deposits 2,000 2,000
Purchases of property and equipment (11) (74)
Net cash provided by (used in) investing activities 1,989 (8,074)
CASH FLOWS – FINANCING ACTIVITIES    
Issuance of Common Stock under Open Market Sales Agreement, net of issuance costs 37
Proceeds on account of shares of Common Stock   19
Issuance of Common Stock and warrants under PIPE 7,485  
Issuance costs from PIPE (301)  
Repayment of long-term debt (1,654)
Net cash provided by financing activities 5,530 56
Decrease in cash and cash equivalents and restricted cash (1,603) (24,466)
Effect of exchange rate changes on cash and cash equivalents and restricted cash (29) 79
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 30,662 38,708
Reconciliation of amounts on consolidated balance sheets    
Cash and cash equivalents 29,711 37,745
Restricted cash 951 963
Total cash and cash equivalents and restricted cash 30,662 38,708
Supplemental disclosures of cash flow information    
Cash paid for interest 992 692
Taxes paid 14 18
Uncollected proceeds from sale of property and equipment   $ 3
Issuance costs from PIPE included in trade accounts payable 32  
Property and equipment purchases included in accounts payable and other payables $ 29