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CONSOLIDATED BALANCE SHEETS
Dec. 31, 2021
USD ($)
Dec. 31, 2020
USD ($)
CURRENT ASSETS:    
Cash and cash equivalents $ 275,772,000 $ 44,707,000
Restricted cash 138,000 800,000
Short-term deposits 0 1,667,000
Inventory 0 271,000
Trade receivables 0 55,000
Other accounts receivable and prepaid expenses 12,162,000 428,000
Total current assets 288,072,000 47,928,000
NON-CURRENT ASSETS:    
Non-current restricted cash 1,005,000 0
Other accounts receivable 1,184,000 0
Deferred transaction costs 0 328,000
Property and equipment, net 2,675,000 755,000
Total non-current assets 4,864,000 1,083,000
TOTAL ASSETS 292,936,000 49,011,000
CURRENT LIABILITIES:    
Trade payables 4,538,000 970,000
Other accounts payable and accrued expenses 16,018,000 2,260,000
Total current liabilities 20,556,000 3,230,000
NON-CURRENT LIABILITIES:    
Deferred revenues 943,000 0
Warrants liability 21,034,000 0
Total non-current liabilities 21,977,000 0
TOTAL LIABILITIES 42,533,000 3,230,000
Commitments and Contingencies (Note 8)
SHAREHOLDERS’ EQUITY:    
Ordinary and Preferred shares [1] 0 0
Additional paid-in capital 864,911,000 154,959,000
Accumulated deficit (614,508,000) (109,178,000)
Total shareholders’ equity 250,403,000 45,781,000
TOTAL LIABILITIES AND SHAREHOLDERS’ EQUITY $ 292,936,000 $ 49,011,000
[1] Prior period results have been retroactively adjusted to reflect the 1:26.7017 stock split and the changes in par value from 0.01 NIS to no par value effected on July 22, 2021. See also Note 7, Merger with 10X Capital, for details.