XML 21 R6.htm IDEA: XBRL DOCUMENT v3.25.2
CONDENSED CONSOLIDATED INTERIM STATEMENT OF CASH FLOWS - USD ($)
 6 Months Ended
Jun. 30, 2025
Jun. 30, 2024
Cash flows from operating activities:    
Net loss $ (22,217,000) $ (20,785,000)
Adjustments required to reconcile net loss to net cash used in operating activities:    
Stock-based compensation 4,377,000 10,420,000
Depreciation and impairment 174,000 648,000
Change in operating lease right of use assets 204,000 425,000
Amortization of acquired intangible assets 1,884,000 2,516,000
Decrease (increase) in trade receivables, net 2,248,000 (247,000)
Increase in other accounts receivable, prepaid expense and long-term assets (484,000) (1,171,000)
Decrease (increase) in inventories 143,000 (71,000)
Increase (decrease) in trade payables 334,000 (190,000)
Decrease in other accounts payable and accrued expenses (858,000) (3,034,000)
Decrease in deferred revenues (856,000) (224,000)
Change in operating lease liabilities (147,000) (417,000)
Change in fair value of warrant liability (825,000) (12,643,000)
Non-cash financial expenses 2,665,000 204,000
Other 654,000 96,000
Net cash used in operating activities (12,704,000) (24,473,000)
Cash flows from investing activities:    
Purchase of property and equipment (75,000) (85,000)
Payments for business acquisitions, net of cash acquired   (8,796,000)
Net cash used in investing activities (75,000) (8,881,000)
Cash flows from financing activities:    
Proceeds from issuance of preferred stock, net of issuance costs 6,754,000 20,206,000
Proceeds from borrowings on credit agreement 31,700,000  
Repayment of long-term loan (31,515,000)  
Net cash provided by financing activities 6,939,000 20,206,000
Increase (decrease) in cash, cash equivalents and restricted cash and cash equivalents (5,840,000) (13,148,000)
Effect of exchange rate differences on cash, cash equivalents and restricted cash and cash equivalents 30,000 (48,000)
Cash, cash equivalents and restricted cash and cash equivalents at beginning of period 27,764,000 36,797,000
Cash, cash equivalents and restricted cash and cash equivalents at end of period 21,954,000 23,601,000
Supplemental disclosure of cash flow information:    
Cash paid during the period for interest on long-term loan 1,250,000 1,972,000
Non-cash activities:    
Right-of-use assets obtained in exchange for lease liabilities   $ 428,000
Exercise of pre-funded warrants to common stock upon acquisition $ 1,750,000