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CONSOLIDATED STATEMENTS OF CASH FLOWS (Unaudited) - USD ($)
$ in Thousands
6 Months Ended
Jun. 30, 2021
Jun. 30, 2020
Cash flows from operating activities:    
Net loss $ (19,402) $ (13,374)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 1,916 968
Depreciation 240 377
Increase (decrease) in severance pay, net (64) 200
Gain from property and equipment disposal (1)
Decrease in operating lease right of use asset 357 235
Decrease (increase) in interest receivables from short-term bank deposits 403 (316)
Decrease in trade receivables 2,000
Decrease in other accounts receivable and prepaid expenses 212 40
Increase in long-term prepaid expenses (26) (526)
Increase in trade payables 361 70
Increase in other accounts payable and accrued expenses 872 1,325
Decrease in operating lease liability (319) (271)
Decrease in deferred participation in R&D expenses (178) (294)
Net cash used in operating activities (13,629) (11,566)
Cash flows from investing activities:    
Proceeds from maturity of short-term bank deposits 71,100 15,500
Investment in short-term bank deposits (57,445) (104,100)
Purchase of property and equipment (218) (108)
Proceeds from sales of property and equipment 1
Net cash provided by (used in) investing activities 13,438 (88,708)
Cash flows from financing activities:    
Proceeds from issuance of ordinary shares, net 239 74,147
Proceeds from exercise of warrants 425 16,609
Proceeds from exercise of options 245 12,789
Net cash provided by financing activities 909 103,545
Increase in cash, cash equivalents and restricted cash 718 3,271
Cash, cash equivalents and restricted cash at the beginning of the period 7,810 9,839
Cash, cash equivalents and restricted cash at the end of the period 8,528 13,110
Supplemental disclosure of non-cash investing and financing activities:    
Purchase of property and equipment 35 47
Receivables on account of shares $ 216 $ 7