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v3.24.3

Condensed Interim Consolidated Statements of Loss and Comprehensive Loss (Unaudited) - USD ($) shares in Thousands, $ in Thousands | 3 Months Ended | 9 Months Ended
--- | --- | ---
Sep. 30, 2024 | Sep. 30, 2023 | Sep. 30, 2024 | Sep. 30, 2023
Profit or loss [abstract] |  |  |  |  |  |
Revenues (note 6) | $ 2,074 | $ 2,588 |  | $ 5,309 | $ 10,056 |
Cost of revenues | 1,328 | 2,220 |  | 4,113 | 8,029 |
Gross profit | 746 | 368 |  | 1,196 | 2,027 |
Expenses: |  |  |  |  |  |
Research and development costs | 824 | 1,201 |  | 3,037 | 3,444 |
Sales and marketing costs | 189 | 275 |  | 1,083 | 757 |
General and administration expenses | 2,645 | 3,844 |  | 7,229 | 11,546 |
Operating loss | (2,912) | (4,952) |  | (10,153) | (13,720) |
Loss (gain) on revaluation of warrant Liability (note 3) | 539 | (2,260) |  | (3,236) | 84 |
Financial (income) expense | 82 | (104) |  | 186 | 49 |
Loss before taxes on income | (3,533) | (2,588) |  | (7,103) | (13,853) |
Income tax expense |  |  |  |  |  |
Net loss for the period | (3,533) | (2,588) |  | (7,103) | (13,853) |
Less: Net loss attributable to non-controlling interests | (318) | (682) |  | (1,485) | (1,407) |
Net loss attributable to controlling shareholders | (3,215) | (1,906) |  | (5,618) | (12,446) |
Net loss for the period | (3,533) | (2,588) |  | (7,103) | (13,853) |
Item that will not be reclassified to profit or loss: |  |  |  |  |  |
Adjustments arising from translation of financial statements to presentation currency | (170) | (84) |  | (640) | 141 |
Other comprehensive income (loss) | (170) | (84) |  | (640) | 141 |
Total comprehensive loss for the period | (3,703) | (2,672) |  | (7,743) | (13,712) |
Comprehensive loss attributable to controlling shareholders | $ (3,215) | $ (1,990) |  | $ (5,618) | $ (12,305) |
Basic loss per share | $ (0.15) | $ (0.13) | [1] | $ (0.29) | $ (0.92) | [1]
Diluted loss per share | $ (0.15) | $ (0.13) | [1] | $ (0.29) | $ (0.92) | [1]
Weighted average number of shares outstanding | 21,832,713 | 14,741,164 |  | 19,630,189 | 13,533,581 |
[1] | On September 24, 2024, the Board approved a 1-for-2.5 reverse stock split, (the “Reverse Split”). Consequently, all share numbers, share prices, and exercise prices have been retroactively adjusted in these consolidated financial statements for all periods presented.

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