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Consolidated Statements of Cash Flows - USD ($)
$ in Thousands
12 Months Ended
Dec. 31, 2024
Dec. 31, 2023
Dec. 31, 2022
Cash flows from operating activities      
Net loss for the year $ (10,210) $ (10,107) $ (10,492)
Adjustments to reconcile net loss to net cash used in operating activities:      
Depreciation 22 21 12
Share based compensation 557 1,537 1,728
Revaluation of liability in respect to warrants (46) (2,191)
Financing expenses, net 323 473 41
Changes in assets and liabilities:      
Decrease in operating right of use asset 78 74 70
Decrease in operating lease liability (69) (69) (95)
Decrease (increase) in other current assets (753) 19 55
Increase (decrease) in trade payables (299) 961 459
Increase in other payables 262 928 606
Net cash used in operating activities (10,135) (8,354) (7,616)
Cash flows from investing activities      
Purchase of property and equipment (3) (29) (70)
Redemption of (investment in) short-term deposits 3,500 (3,500)
Redemption of (investment in) restricted deposit, net 4 (3) (20)
Net cash provided by (used in) investing activities 1 3,468 (3,590)
Cash flows from financing activities      
Payment in respect of cancellation of options (96)
Exercise of warrants and options 5 3,870
Issuance of shares, warrants and pre-funded warrants, net 11,304 4,334
Issuance costs (391) (364)
Net cash provided by financing activities 10,913 3,975 3,774
Effects of exchange rate changes on cash and cash equivalents (41) 8 (88)
Increase (decrease) in cash and cash equivalents 738 (903) (7,520)
Cash and cash equivalents as at the beginning of the year 2,640 3,543 11,063
Cash and cash equivalents as of the end of the year 3,378 2,640 3,543
Non-cash investing and financing activities:      
Reclassification of warrants into equity 1,366
Bonus accrual reclassification to equity (See Note 14) 1,434
Recognition of right of use assets 306
Supplemental disclosure of cash flow information:      
Interest received $ 2 $ 179 $ 49