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Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2023
Dec. 31, 2022
Dec. 31, 2021
CASH FLOW FROM OPERATING ACTIVITIES:      
Net loss $ (11,286) $ (14,976) $ (17,193)
Adjustments to reconcile net loss to net cash provided by operating activities:      
Depreciation 111 54 25
Share based compensation expenses 1,427 4,879 6,703
Share based compensation – placement agent warrants (Note 9) 59
Revaluation of simple agreements for future equity (SAFE) and convertible loan at fair value 3,515
Evaluation of financial liability at fair value (306) (108) 480
Issuance cost 205
Prepayments of lease liabilities (7) (51) (12)
Decrease (increase) in right of use assets (5) (99) 24
Decrease (increase) in other current assets 190 99 (490)
(Decrease) increase in trade accounts payables 46 59 91
(Decrease) increase in other accounts payable (190) 496 172
Net cash used in operating activities (9,756) (9,647) (6,685)
CASH FLOW FROM INVESTING ACTIVITIES:      
Purchase of property, plant, and equipment (206) (263) (182)
Investment in short term deposits (7,120)
Proceeds from sale of short-term deposits 4,800
Net cash provided by (used in) investing activities 4,594 (7,383) (182)
CASH FLOWS FROM FINANCING ACTIVITIES:      
Receipt of simple agreements for future equity (SAFE) and convertible loan 7,195
Issuance of ordinary shares 2,128 14,279
Issuance of private warrants 1,750
Issuance cost in cash (454)
Exercise of option 3
Issuance of ordinary shares (issuances pursuant to ATM) 26 8,721
Net cash provided by financing activities 3,453 30,195
Net increase (decrease) in cash and cash equivalents (1,709) (17,030) 23,328
Cash, cash equivalents and restricted cash at the beginning of the period 6,839 23,869 541
Cash, cash equivalents and restricted cash at the end of the period 5,130 6,839 23,869
Conversion of convertible loans to equity 12,203
Tradable warrants financial liability at IPO (310)
Share based compensation – underwriters fees at IPO (264)
Share based compensation-placement agent warrants against additional paid in capital (Note 9) (73)
Interest paid $ 93 $ 106 $ 29